Construction Financial Manager Review: June 3, 2016

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This week’s Construction Financial Manager Review covers a wide variety of topics, but mostly focuses on technology in the construction industry. See how the construction industry influences software and technology in other spheres.

Read on to learn about what is going on in the construction industry this week.

We hope you enjoy this week’s review and would love to get your feedback.

Happy weekend,

Scott_Circle_Pic

Scott Wolfe
zlien CEO

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

New construction technology podcast surpasses 10,000 listens
JBKnowledge’s “ConTechTrio” Podcast focuses on the latest construction technology trends, products and interviews industry leaders for insight and sneak previews of new tech. Read the full article on Benzinga.

Regulation roundup: 5 crucial issues impacting the construction industry
Checkout this roundup of some of the most controversial rules receiving backlash from the construction industry. Read the full article on Construction Dive.

How to master materials management
Effective materials management can either make or break project success. Improve workflow, gain visibility & reduce labor waste with real-time tracking. Read the full article on Construction Business Owner.

How two industrial design titans are helping brands simplify tech
Future Facility, a spin-off of the British firm Industrial Facility, wants to make networked products work for us, not the other way around. Consultancy firm Future Facility aims to help companies rethink how they approach connected products. Read the full article on Fast Company.

Construction contractors warn of a labor shortage as building booms
The construction workforce, which thinned out dramatically as work dried up during the economic downturn, is only three-quarters what it was pre-recession. Project demand, meanwhile, is booming. Read the full article on Chicago Tribune.

The Watergate Hotel’s $125-million renovation means a new legacy for an old story
But the Watergate Complex remains, with a legacy shadowed by scandal. The Watergate Hotel in June will reopen to unveil a $125-million renovation after nearly a decade of being closed. Read the full article on Mashable.

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

The FLSA Overtime Pay Rule and Construction
This law is of particular interest to construction because of the unique mix of salaried, wage, and independent workers in the industry. The FLSA changes are structured in a way that affects each of these groups differently. Read the full article.

Using a lien software doesn’t mean you’ll lose your job
One of the most common concerns we hear when talking to potential clients is that using a software such as zlien will cost them their job. This is not the case. A lien management software actually makes you better at your job, and therefore more valuable to your company. Read the full article.

Lien waiver red flags
Since lien waivers are so frequently exchanged, the documents are usually prepared, signed, and passed along without much analysis. This can be dangerous and signors sometimes waive more than lien rights. Here are a few red flags to watch out for. Read the full article.

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