Tag: Construction Technology
-
Textura’s CPM and Its Terms: Who’s Really Protected?
Textura’s flagship Construction Payment Management system (“CPM”) is purported to be a neutral platform for the streamlined exchange of construction documents and information. While the CPM terms note that CPM is not an agent for any specific party, and that it is flexible in allowing different parameters to be set by the party with ultimate…
-
Is Textura’s Early Payment Program a Benefit? Or Only Smoke and Mirrors?
Waiting for slow payments is a well known thorn in the side of subcontractors. It’s the associated difficulties presented by slow payment, however, that take this waiting from an annoyance to a significant problem. Subcontractors often required to float project costs, and waiting for payment from the GC can stress working capital and cause severe…
-
CFM Review: Know Why 2nd Street is More Popular Than 1st Street?
Every Friday, we select a few articles from the week that we think are worth your time as a construction financial manager (CFM). We look for compelling articles not only about financial topics, but about business, technology, and life, that challenges you to think about your role as a CFM in different ways. We’d love…
-
CFM Review: 5 Technologies to Increase Cash Flow
Every Friday, we select a few articles from the week that we think are worth your time as a construction financial manager (CFM). We look for compelling articles not only about financial topics, but about business, technology, and life, that challenges you to think about your role as a CFM in different ways. We’d love…
-
Cloud Technology Can Give Lien & Notice Functionality To Your ERP or Accounting Platform
Your company’s credit department likely uses a variety of different tools and software packages to operate. Unfortunately for building material suppliers, equipment rental companies, and others in the construction industry, these tools do not contemplate some of the industry’s credit and collection nuances. One such nuance is mechanics lien and bond claim rights. Thanks to…