Tag: Construction Technology
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Texas: Simplify Notices Through Technology
Texas has some of the most confusing and convoluted mechanics lien and construction notice requirements of any state. With multiple notices potentially required, and a separate notice due for each individual month in which work was performed (and unpaid), the requirements can be difficult to navigate, and even trickier to comply with. Companies doing work in…
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CFM Review: Smart Machines and Being Productive
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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Tech Platforms That Make a Credit Manager’s Life Easier
While a strong economy is good news for everyone, the path from a weak economy to a healthier one can be fraught with peril for parties in the construction industry. In fact, it has been shown that the failure rate for subcontractors is three times higher in a recovering economy than a recessed and stagnant economy. One…
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Construction Technology: Automation Makes You More Money
Technology can significantly improve and simplify our daily lives, both personally and professionally. It makes little difference what particular job you have, it’s exceedingly likely that it has been touched, modified, or otherwise improved by technology in some way. While the exact technology used varies between jobs and industries, the fact that technology is used doesn’t.…
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Securing Your Debt: The Mechanics Lien
This post is the fifth in a six-post series detailing the steps to take to secure payment on virtually every project – virtually every time. A recent article outlined a proven methodology, that when used correctly on every project, can secure all extensions of labor and/or materials on credit, and virtually eliminate bad debt. This relatively simple…