Daily reports help superintendents and project managers track job progress and subcontractor performance. If you are a subcontractor, daily reports can document interferences by the general contractor or other subcontractors. Estimators can use daily reports to price future similar projects. Daily reports can give estimators a record of projects that will help in budgeting other work.
Daily reports often contain the best clues as to how and where a project lost money. They can be valuable if you have a claim or must defend against one. Daily reports can jog your memory. They are admissible as evidence in a court of law.