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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Professional Construction Photography: Will it Affect Payment?
Dave Stadnik had a problem.
His development company was starting work on a $25 million project, and though there were mountains of paper describing the job, he had no way of understanding “how that money was being spent in a real-time way.” Enter MultiVista, a construction documentation company.
San Francisco recently used MultiVista to document the construction of its $243 million Public Safety Campus.
The value of MultiVista lies first in its professional-quality documentation, and second, in the clarity and organization it provides. “…the power of photo documentation is in the indexing,” says Samuel Chui, project manager, building design and construction, for the city and county of San Francisco.
MultiVista has already helped disprove at least one workmanship claim. Want to know how MultiVista does it? Learn more at enr.com.
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Learn Your Prompt Payment Rights
zlien‘s free resources are at the core of our business and our mission. For a long time readers have had access to a wealth of information regarding mechanics lien and bond claim laws. Recently we’ve been expanding our scope to include more topics related to construction payment.
I’m excited to announce that we’ve added Prompt Payment Laws to that category, and you can now view an easy-to-read break down of the prompt pay laws in the states that you do work in.
If you’re looking for a primer on prompt payment laws, check out an article I recently published in MultiBriefs, Prompt Payment Laws: Explaining Your Right to Get Paid Fast.
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