Construction Financial Manager Review: July 29, 2016

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This week’s Construction Financial Manager Review focuses on construction technology. 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,

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Scott Wolfe
zlien CEO

What We’re Reading 
Key Articles from Across the Web This Week

Constructech’s Technology Day 2016 Will Address Top Trends in Construction
Constructech Magazine will address tech trends at its annual Technology Day event to be held on August 18 in Illinois. Read the full article on PRWeb. 

4 construction technology innovations enhancing productivity in the field
There are a wide variety of construction technology developments that benefit people in all roles on construction projects. Check out these four that aid workers and managers in the field. Read the full article on Construction Dive.

PlanGrid Releases API and Launches Technology Partner Ecosystem
PlanGrid makes construction productivity software, and their new API opens the doors to integrations with other third-party software apps. Read the full article on PRNewswire.

How simulation software, 3D modeling lead to sustainable construction
It is estimated that energy consumption in buildings can be reduced by 30 to 80% using proven and commercially available technologies. There is a huge role that technology can play in minimizing resource consumption in buildings and constructing the most efficient structures in the world. Read the full article on Tech2.

Uber co-founder launches new real estate venture for Expa called Haus 
Haus is Expa’s first real estate play and focuses entirely on the buying and selling of residential property, digitizing and organizing offers from buyers so that all parties (the buyer, seller, and agents) have more transparency and immediacy through the negotiation process. Read the full article on Vegas Inc.    

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What We’re Writing About
Recent Articles by zlien Relevant to Construction Finance

What is a partial release of lien?
A partial release of lien reduces the amount claimed to be owed with regard to a recorded mechanics lien. Typical lien releases cancel a mechanics lien claim entirely, whereas partial lien releases only apply to a portion of the amount originally claimed to be owed. Read the full article.

Why credit management in the construction industry is unique
The construction industry brings unique challenges to contractors and subcontractors when it comes to credit management. Extending credit on large-scale construction projects can be risky, as projects require a large upfront investment of both labor and materials, and because projects can span years with payments made in installments. Read the full article.

Are mechanics lien holders entitled to Notice of Foreclosure
Virginia has a special relationship to mechanics liens, as many attribute the modern mechanics lien to Thomas Jefferson. A little more recently, Virginia has made strides in establishing fair lien practices. In a recent case, a Virginia contractor represented himself against JPMorgan Chase in lien proceedings. Read the full article.

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