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Our Senior BDM for Payapps, Nick Opasinis, recently joined a panel as part of The Urban Developer’s Proptech vDemo Day.

The Urban Developer spoke with Lincoln Easton and covered how technology is making all aspects of construction more efficient, and it’s the companies that are quickest to adopt these innovations that will be prosperous in the long run.

New technologies are being introduced into construction at a dizzying rate, literally forcing construction professionals to adopt or risk being outpaced by competitors. The following blog explores industry adoption issues, and aims to equip construction professionals with the tools to understand what technology options are available, the language of technology, and how to move an existing analogue business to a digital platform for an effective construction technology solution.

Poor cash flow can affect much more than the financial performance of your business. The non-financial costs of poor cash flow can have just as negative an impact on your business as the financial costs.

Construction business owners and project managers alike know how tough it can be to manage a project, but some are reluctant to change processes to find an easier solution to management.

Security of payment legislation was put in place primarily to ensure quicker payment for builders, but there are traps for the unwary in this area that can have severe consequences.

In the construction industry, contractors often leave themselves vulnerable when it comes to chasing contractor payments. Many clients wait an average 8 months before even taking action against their overdue payments! This paves the way for Security of Payment disputes and places both income and profit at risk.

The relationship between a CFO & CIO in the construction industry can be undeniably fraught. The two executives often find themselves at opposite ends of the boardroom table; one tasked with reducing financial risk and the other looking to get as much productivity as possible from an often limited technological budget.

Building trust along the construction supply chain is essential to solving many of the persistent problems plaguing the industry. In this latest blog, we outline 5 best practices to help generate trust, for the complete picture download our eGuide on this very important topic.

We know digital transformation is driving efficiencies, improving compliance, and helping construction firms remain competitive. But what’s the role of technology in shaping the next generation of construction workers? And how do companies continue to attract and retain top talent by embracing a digital-first mindset?

GET YOUR SUBCONTRACTORS SUBMITTING CLAIMS IN A PRE-AGREED FORMAT THAT YOU LOVE AND THAT THEY FIND INCREDIBLY EASY TO PREPARE

When delivering on significant building and infrastructure projects, choosing the right contractors to carry out construction and engaging them in an effective manner is key.

Any construction company – whether it’s a family-owned subcontracting business or a billion dollar multinational – needs to be able to effectively and accurately assess project performance.

If you’re a contractor drowning in what feels like 1000 differing spreadsheets from each of your subbies, or whether you’re one of those subcontractors and you’re trying to keep track of who owes you what and when – you know exactly what we're talking about.

This piece was written for S.R. Clarke & Associates, a construction industry executive search firm, by Lauren Brookes, a writer based in Colorado. The content she writes focuses on career and workforce issues in the construction industry.

Payapps is designed to improve collaboration between subcontractors and builders, especially when it comes to payment applications.

There has never been a better time to adopt technology to improve your processes and margins.

Variations to contracts often arise in the construction world, but the nuances surrounding them are seldom fully understood.

Before entering into a D&C contract, there is a great deal to consider. Consider these issues very carefully before you engage contractors.

Anthony Igra from Contractors Debt Recovery helps clarify questions around accepting a settlement.

Understand the role of retention during a contract and how it will impact you.

There has never been a better time to adopt technology to improve your processes and margins. But buying software isn’t the solution by itself – how you implement, communicate and train all of your stakeholders has a huge impact on the success of your software rollout. We also know that many of you do not have large teams to do all of this.

Whilst the last ten or so years has seen improvements: predominantly through the digitisation of documentation and project management functions and the use of mobile technology. The reality is the building industry has not kept pace with the rapid technological and organisational change of other sectors.The core challenge remains the modernisation of a fragmented and adversarial industry.

Our panelists share their insights on the changes that will shape construction over the next few years and how you can take advantage and prosper.

Read our blog to understand how to draw the connection between the quality of information you provide to the builder and how it can affect your cashflow and payment.

As the construction industry continues to innovate, we’ve found that technology is doing more than just making certain processes easier. Below we highlight four ways we’ve seen innovative technology influence team collaboration and overall success.