Tag: Construction Technology
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zlien and Procore Innovate Construction Tech with Automated Waivers
There’s a huge problem facing the construction industry, but we’re not talking about the industry’s labor shortage or the emerging threat of new tariffs. We’re talking about payments, and specifically, that the system of payments in the construction industry is broken. This is not surprising and it’s not exactly news — certainly not to anyone…
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Speeding Up Customer Payments with Technology
Does this sound familiar? A new project comes up and you go to visit the client. After some discussion and gathering requirements, you write up an estimate for the work. You send it to the client, waiting for a response. Finally, you hear back with their approval to get started. This is all in a…
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Top 2 Documents You Need to Fix Your Construction Payment Problem
Managing payments in the construction industry shouldn’t be as difficult as it is. Frankly speaking, the industry is tough enough already. When you add the burden of managing payments – both for those making payments as well as for those receiving them – it’s like pouring salt into the proverbial wound. Getting paid in construction is…
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4 Tips on Requesting, Collecting, and Tracking Lien Waivers
Office managers, accounting managers, and others hard at work “back at the office” for construction companies have many different tasks and responsibilities they have to manage. In addition to just keeping the company running on a day-to-day basis, many have to manage the finances of the company too, handling both the money coming in (payments,…
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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…