The construction industry faces many unique challenges due to the massive size and complexity of projects. The amount of risk involved with each and every construction project – from residential to commercial – can have a direct impact on the success or failure of that project. Understanding how to plan and fund a construction project…Read More
Product Update: Improved Document Management Functionality
We’re announcing the next round of DrawAlert upgrades and improvements that make our software even easier to use while valuing our user community. The Development Team has been hard at work to release Version 3.4.1, and it includes the following upgrades: 1. Refining the reporting and document tools upgraded in Version 3.4 2. Including additional…Read More
The Top 3 Benefits of Digitalization in the Construction Industry
Our first blog for the month of August focused on contract disputes in the construction industry. Arcadis, a design and consultancy firm, released its 2018 Global Construction Disputes Report and found that contract disputes are getting longer, more expensive, and more complex. Arcadis suggests at the end of their report that digitalization in the construction…Read More
Contract Disputes are Getting Longer & More Complex
Contract Disputes are Getting Longer & More Complex
Design and consultancy firm Arcadis releases its 2018 Global Construction Disputes Report and asked, “Does the construction industry learn from its mistakes?” The report, later summarized by Construction Dive, found that construction and contract disputes are getting longer and more complex across the globe, costing upwards of $40M annually, and taking close to 15 months…Read More
Contract Disputes are Getting Longer & More Complex
Design and consultancy firm Arcadis releases its 2018 Global Construction Disputes Report and asked, “Does the construction industry learn from its mistakes?” The report, later summarized by Construction Dive, found that construction and contract disputes are getting longer and more complex across the globe, costing upwards of $40M annually, and taking close to 15 months…Read More
Project Attrition: The Result of Slow Pay in Construction
Our last blog was all about slow pay in the construction industry. It really sucks! And, it’s costing the industry as a whole nearly $40B a year. On top of the sheer astronomical cost, though, slow pay is the root cause of a finicky subject in construction: project attrition. Attrition is the process of gradually…Read More
Slow Pay Sucks: Why the Speed of Construction Payments Matter
In early June, Contract Simply, a construction loan software that helps manage monthly draw requests, released its Construction Payments Report 2018 titled, “Why the speed of construction payments matter.” The study was conducted to evaluate how slow pay affects the construction industry as a whole. The study, which was later reported on by Construction Dive,…Read More
How to Successfully Manage a Construction Budget
Your construction project budget is, arguably, the most important aspect in determining whether or not your project is a success or failure. If you finish out your construction project on budget, or of course, under budget, your stakeholders remain happy, and you can move past the project with triumph. Colossally ending up over budget on…Read More
DrawAlert Announces Major Upgrades with Version 3.0
DrawAlert is making headlines this week after launching the much-anticipated 3.0 version of the construction risk mitigation software. This version is based on the updated Angular 5.0 framework, Material Design, and leverages Microsoft’s Web API hosted in Azure Web App for expanded security, easily enabled future data and system integrations. DrawAlert is the market’s leading…Read More