This week’s Construction Financial Manager Review focuses on construction technology and risk management. We try to provide you with major headlines and interesting insights to keep you on the cusp of industry news.
We hope you enjoy this week’s review and would love to get your feedback.
Happy weekend,
Scott Wolfe
zlien CEO
What We’re Reading
Key Articles from Across the Web This Week
How technology is disrupting the construction industry
There’s a lot of buzz these days about drones, 3D printing and robots. It’s easy to brush these technologies off as fads or luxuries until you understand some of the use cases that are being applied by integrating these emerging technologies. Read the full article on Forbes.
The dotted line: How construction firms can manage the ‘necessary evil’ of change orders
General contractors and subcontractors have different considerations when faced with a directive to perform work outside of their original contracts. According to industry experts, it pays to be a stickler for the contract, but it also can be worth it to take a more flexible approach at times. Of course, it all starts with the contract. Read the full article on Construction Dive.
Daily report: Amazon flaunts its prominence with new construction in Seattle
Orchids from Ecuador. Carnivorous pitcher plants. Exotic philodendrons. These are just a few of the more than 3,000 plant species that Amazon is growing to embellish its new headquarters buildings now under construction in Seattle. Read the full article on The New York Times.
4 construction contract clauses putting you at risk
Many small construction businesses forgo legal counsel to save on expenses, but end up paying for it in the long run. Contractors of all kinds are at a disadvantage long before moving the first shovelful of earth merely because some contract clauses are stacked against them. Here are four construction contract clauses that pose special challenges for contractors. Read the full article on The Jobsite.
4 megatrends transforming the construction industry
While there’s a perception construction software applications are only affordable and needed by large multinational companies working on billion-dollar jobs, that’s actually not the case. Read the full article on GreenBiz.
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What We’re Writing About
Recent Articles by zlien Relevant to Construction Finance
ERP in construction: Needs and solutions
Greater efficiency can benefit virtually any field, construction included, and that’s just what ERP provides. Every site needs payroll, scheduling, delivery, inventory, and other functions. ERP combines the management of different business functions into one unified place, then manage and predict needs. Read the full article.
What are lien rights?
The term lien rights refers to right bestowed upon construction participants to file a mechanics lien or bond claim in the event of nonpayment. Check out this article to learn more about how lien rights work and where they came from. Read the full article.
How & why to convince your boss to adopt new construction technology
Office managers in the construction field know the industry isn’t exactly made up of early adopters when it comes to innovative software and construction technology. But this tendency shouldn’t prevent office managers from exploring the value that construction technology can add. Many construction softwares, particularly those that help manage financial processes, empower office managers to do their jobs better. Read the full article.
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