Tag: Construction Technology
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CFM Review: The ABCs of APIs
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…
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Construction Business Owner Publishes “The Smart Technology Advantage”
With the adoption of technology platforms and cloud-based software low among construction industry participants, those that do adopt such technology can put themselves at a distinct competitive advantage. While “construction technology” is a buzz-word permeating the industry, it’s unclear what the understanding of construction technology actually is. “Smart” Cloud-Based Construction Technology In “The Smart Technology…
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Material Suppliers & Construction Payment
Material suppliers inhabit a tough spot in the construction payment landscape. A material supplier’s challenges to lien and bond claim compliance are numerous, and the financial risk is high. Since suppliers are at the bottom of the payment chain, there are many potential spots at which money could get stuck. This risk of nonpayment is even more detrimental…
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CFM Review: Customer Success Helps Your A/R Progress
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…
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Construction Payment Utopia
The construction industry has a payment problem. While not surprising to construction industry participants, the extent of the payment difficulties encountered on construction projects can be surprising to those from other industry. The razor-thin margins, complicated payment structure, high failure rates, hidden parties, and confusing and unfair contractual clauses all combine to create havoc for parties…