Tag: Collaboration
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Daily Construction Reports Promote Transparency and Help Speed Up Payments
Sending daily construction reports can be tedious, but doing them correctly and consistently is important. Let’s look at daily report best practices.
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Construction Industry Communication Is Weak. Notices Will Make it Stronger
Construction industry communication is weak, and the best way to buck that trend is to utilize notices at every point in the payment chain.
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What is a Project Awareness Letter? (And Why You Should Send One For Every Job)
Two keys to a healthy construction project are communication and transparency. Notices can go a long way toward doing this, but some preliminary notices can look pretty formal. Sending another document – a project awareness letter – can go a long way to setting a positive tone for the job.
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Top 3 Causes of Hidden Losses for Contractors on Construction Projects
The construction industry operates on such razor-thin margins that the slightest issue or problem on a job can be the difference between making money and losing money. The construction industry is also very complicated, and this complexity allows problems to be “hidden” or buried in the everyday operations of an already complicated business with a…
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The Future of Construction Payment Is Technology-Enabled Collaboration
After talking to literally thousands of GC’s, subs, and suppliers, we’ve seen that many project issues arise because of distrust that’s caused by a lack of visibility and collaboration. To illustrate this point, let’s consider a typical project where a GC withholds payment to a sub (or multiple subs). There are many possible justifications the GC…