Hi zliener,
This week’s Construction Financial Manager Review features a selection of interesting articles from across the industry this week.
Our goal is to make it easy for all construction financial professionals to stay informed about what matters to them.
Enjoy your weekend!
Peter Menge | zlien Content Manager
Lien Rights Made EasyTM | 866.720.5436 | peter@
Industry Spotlight
Key articles from across the web on a variety of construction industry topics
Florida: Where the Jobs Still Are
- Florida Leads Country with More Than 30,000 New Construction Jobs in Past Year via jacksonville.com
According to Associated General Contractors (ACG), 43 states added construction jobs between Feb 2016 and Feb 2017. Florida led the list going away with 34,700 jobs added. California, Texas, and Louisiana were a distant 2nd, 3rd, and 4th respectively, with each state adding around 15,000 new construction jobs.
- Nearly 90% of Florida Construction Firms Looking to Hire via SunSentinel
But in Florida, 34,700 new construction jobs is apparently not enough, since the Associated Builders & Contractors of Florida reports that 90% of Florida-based construction firms plan to increase hiring over the next 6 months.
Our Customers Work with Us to Kick Some A$$
- Customer Story: How a Plumbing Subcontractor Used zlien to Get Delinquent Customers to Pay Up published on the zlien blog
Ask any parent who their favorite child is, and they’ll usually answer with something like, “all of them, of course!” It’s a similar situation in business. Asking anyone at zlien to name their favorite customer will yield a similarly diplomatic – and no less earnest – reply.
But if we were forced to choose, we’d probably pick a customer that was able to use the zlien platform and methodology to get paid, especially if their previous collections efforts had been unsuccessful prior to using zlien. And that’s exactly what happened with Marisol at Bay Plumbing.
When a customer of ours gets a win – when they get paid – we can’t help but share in their happiness. Lucky for us, at zlien we get to hear customer stories like Marisol’s each and every day. And they’re all our favorites, of course!
Payment, Credit, and Lien Rights
More construction industry content, but more about specific issues around
payment, credit, and lien law updates
Do Builders Do Their Banking at the Bank?
- Banking on Dealers: Can Builders Still Count on Lumber Yards for Credit? via Construction Dive
More builders do their banking with their friendly, neighborhood…lumber yard? Material suppliers extending credit to their customers is nothing new in the construction business, but neither is the industry’s overall dependence on credit. This article is a great overview on the current state of all things credit related in construction.
Tight, and Not in a Good Way
- Why Tight Lending Could be Slowing Economic Recovery via Construction Dive
Given the fact that the housing bubble-led mortgage default crisis was the primary cause of the most recent recession, maybe tighter credit is not such a bad thing? When it comes to a home-building slowdown leading to a slower economy overall, tight credit isn’t the only culprit. Other factors contributing to lower homeownership rates include a lack of inventory and skilled labor shortages, among others.
Coming Up Next Week on the zlien Credit Blog…
A New Article: Calculating a Contractor’s Borrowing Base
Construction Tech
zlien is a technology company after all!
News and other tidbits about the fast-growing construction technology space
Even More From Procore
- Procore Unveils Construction OS Project Data Platform via Construction Dive
Procore Technologies, which launched in 2003, became the first and only unicorn in Construction Tech after closing a $50 million funding round in December 2016. They’re back in the news after unveiling their latest cloud-based offerings. Congratulations guys, from your friends at zlien!
The Roof, the Roof, the Roof Is Generating Electricity!
- Tesla to Start Accepting Orders for Solar Roof Tiles in April via Construction Dive
Tesla is teaming up with Panasonic Corp to create solar roof tiles and will begin taking orders in April, 2017. The kicker? Tesla CEO Elon Musk claims that the solar cells will cost less to produce and install than traditional roofing materials, even before the estimated savings from the reduction in electricity usage. Wow!
Leave a Reply