Every Friday, we select a few articles from the week that we think are worth your time as a construction financial manager (CFM). We look for compelling articles not only about financial topics, but about business, technology, and life, that challenges you to think about your role as a CFM in different ways. We’d love to hear from you about how we’re doing, and to have you join our community by subscribing to receive this weekly post by email. Follow #CFMReview.
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Construction Software Buyer’s Guide
Our friends at Procore posted a Construction Software Buyer’s guide to their blog the other day.
While Procure focuses on project management, the rubric outlined in their ebook can be applied to any type of construction software. Consider this common goal, from the guide’s introduction: “Project management software increases project efficiency and accountability by streamlining communication and centralizing documentation in order to minimize risk and delays—ultimately boosting profits.”
The guide goes into detail about 5 steps, which are to evaluate…
1. Goals
2. Functionality
3. Features
4. Implementation and support
5. Company reputation
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Textura’s CPM Reviewed by the ASA
The Attorneys’ Council of the American Subcontractors Association (ASA) recently examined the terms of Textura’s Construction Payment Management (CPM) product.
The examination followed from complaints by subcontractors that CPM in unfair, placing extraneous financial burdens on subcontractors and encroaching on their rights—specifically, mechanics lien rights.
zlien’s own Nate Budde wrote a detailed synthesis of the ASA’s review. Check it out to learn the what ramifications Textura’s CPM presents for subcontractors and GCs alike.
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