This week’s Construction Financial Manager Review focuses on construction technology, ranging from BIM to cloud platforms. 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
Ten minutes with risk expert Tom Schleifer on ending pay abuses
“I have a belief that our industry doesn’t have a payment problem as much as it has an entitlement problem,” says Tom Schleifer. Get his perspective on late payment in construction and how to solve this problem. (Need a solution for your business? Try zlien.) Read the full article on ENR.
BIM and cloud computing combine to build the Crossrail
The Crossrail project (one of Europe’s largest in-progress construction projects) is serving as a case study for building information modeling (BIM) and has also been set up on a hybrid cloud-computing platform. Read the full article on Engineering.com.
Survey: BIM to define ‘future’ of construction industry
A Timetric Construction Intelligence Center (CIC) survey found that the majority of respondents believe building information modeling (BIM) is the “future of the industry,” with 49% already using BIM and another 10% planning to utilize the technology within a year. Read the full article on US News.
Construction software’s next big thing: The Platform
Your company’s growth is always constrained by the amount of work you and your crew can effectively manage. You probably gained great efficiencies when you went from a paper-based system to one based on spreadsheets and other solutions, and your business grew accordingly. What’s the next step?. Read the full article on The Jobsite.
Construction software has its head in the Cloud
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 Daily Commercial News.
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What We’re Writing About
Recent Articles by zlien Relevant to Construction Finance
How to keep up with lien law changes
This interview with zlien CLO Nate Budde explains how small construction businesses can keep up with changes to lien law, which can be complicated and occur often. These simple solutions make it easy to secure lien rights and ensure financial protection. Read the full article.
Ohio court receives lien years later
Dodging procedural limitations and deadlines, filing a lien can at times feel like a game of minesweeper. One misstep, and the whole thing goes caput. Courts can be sticklers on even the most seemingly unimportant details, and lien claims fall for dumb mistakes all of the time. For these reasons it’s surprising, but not unheard of, to see a claim rise from the grave after years of inaction. Due to a unique set of circumstances, a claim in Ohio has done just that. Read the full article.
Forecasting construction trends in 2017
It’s important to keep one eye on the future. Whether it be green construction or introducing technology, forecasting upcoming trends is paramount to planning your business. At zlien we try to focus on the future of the industry while staying on top of current trends. While it is impossible to know what the future will hold, the American Institute for Architects is helping with that. Read the full article.
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