This week’s Construction Financial Manager Review touches on a variety of subjects including the economy, construction technology, subcontractor contracts, and lien waivers. 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
The dotted line: Inside the ‘dance’ of subcontractor negotiations
A few big issues remain points of negotiation no matter what form of contract is used. Of course, the more the subcontract is worth, the higher the stakes, so deliberations are bound to get a little tense. Read the full article on Construction Dive.
Experts call for construction industry ‘culture shift’ to boost collaboration and improve efficiency
UK construction requires a “fundamental culture shift” if it is to properly take advantage of the increased efficiencies and potential cost savings new technology could bring to the industry, according to a new report by Pinsent Masons. (This article highlights the UK but the same principle holds true in the US.) Read the full article on Out-Law.
Be careful with mechanic’s lien waivers
Before you sign one of these seemingly “routine” pieces of paper, please take into consideration that no two of these are alike. Make sure you’re not signing away more than you mean to. Read the full article on Construction Law Musings.
Construction and employment worries evaporate as stocks rise – what gives?
The real reason is that last Wednesday’s construction spending report and Friday’s employment report are negative on the surface only. With a little knowledge and perspective, an investor can see both reports are continuations of growth trends. Read the full article on Forbes.
How technology can fix America’s crumbling infrastructure
According to the American Society of Civil Engineers, it will cost our country more than $3.3 trillion over the next 10 years just to maintain our infrastructure as it is now, not to mention any attempts to bring it into the 21st century. This is an urgent issue. Read the full article on Time.
Australia’s best buildings of 2016 will make you want to move in
On Friday, the Property Council’s 2016 Innovation and Excellence Awards honored sensational developments across the country. From shopping malls to hotels, the best of Australian architecture was on display. Read the full article on Mashable.
[zlien id=”28424″]
What We’re Writing About
Recent Articles by zlien Relevant to Construction Finance
The basics of recovery on federal projects: The Miller Act
The Miller Act was passed to provide an opportunity for subcontractors and suppliers to recover for unpaid labor and material on federal projects, since mechanics liens cannot be filed against public property. Read the full article.
Bond claim deadlines
We’ve compiled lists of deadlines for sending notice, and filing and enforcing a bond claim in all 50 states. Take a look to ensure you secure payment on every project. Read the full article.
Securing lien rights in Nevada
zlien has compiled a one-page fact sheet to simplify and clarify the process for securing lien rights in Nevada. Read the full article.
[zlien id=”31336″]
Leave a Reply