Tag: CFMA
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Safety Collaboration Works – Why Not Pave the Way for Payments?
While ensuring worker safety is a top priority, little action has been taken to address construction payment issues. Why is the road to payment so treacherous for contractors, and how can parties take a similar collaborative approach to improving it as they have for worker safety?
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Construction Contracts: Can’t GCs & Subcontractors Contract Like Friends?
Construction contracts are oftentimes lengthy and complicated. The contracts underlying a construction project form the basis of the relationships between the signing parties, and provide an outline to how the project will go. A review of the contract not only provides insight into the work to be performed and its cost, but also the fairness…
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CFMA: Harnessing Integration, Technology & Augmented Reality
James Benham, President and CEO of JBKnowledge Inc., will be presenting at CFMA’s annual conference today at 11:00 am. Benham will discuss real technology and software that are changing the way businesses operate at all stages of a construction project, from contracts through payment. Benham will also explain JBKnowledge’s 2014 Construction Technology (CT) survey. To prepare…
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Ethics in Construction
Play nice. Share. Use your words. You’ve heard these lessons since you were little, and there is a reason for that. When followed, these rules can improve many aspects of your life. The construction industry is no different. Almost every financial issue that arises on a construction project can be connected to a party not playing…
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Is Everything You Know About Lien Waivers Wrong?
What do you really know about lien waivers? We recently wrote an article for the Construction Financial Management Association’s Building Profits magazine, published in the March / April 2015 issue, titled “Is Everything You Know About Lien Waivers Wrong?,” and it opens with this paragraph: The lien waiver is an unassuming document that is constantly exchanged…