Materials
Resource
FullClarity Forges a Partnership with OSSM
ANNOUNCEMENT: -- FullClarity is thrilled to announce its strategic partnership with OSSM, a distinguished NetSuite Solution Provider Partner based in Ireland. By joining forces, FullClarity and OSSM are set to deliver unmatched, comprehensive ERP solutions designed for the construction and fit-out sectors throughout Ireland and the U.K.
Constructing Success in 2024
ARTICLE -- Automation promises to address the construction industry's chronic inefficiencies by streamlining operations, enhancing accuracy, and providing real-time insights. Studies estimate that full-scale digitalization in nonresidential construction could lead to up to 20% cost reductions and shorten project timelines by as much as 30%.
Rethinking Retainage: The Quest for Greater Efficiency in Construction Management
ARTICLE -- Retainage, a common financial practice meant to guarantee the quality and completion of a contractor's work, is often burdened by outdated manual management techniques that pose significant challenges for construction companies and project-based organizations.
Navigating the Automation of AIA Billing in Construction: Challenges and Solutions
ARTICLE -- The AIA Billing process provides a standardized approach to invoicing and payments for construction projects. Two key documents, G702® and G703®, are essential for maintaining clarity, transparency, and contractual adherence and should be automated in your ERP.
Construction Management 2023: Overcoming Material Shortages and Premature Deliveries
ARTICLE -- 93% of construction firms experienced project delays due to material shortages in 2022, with an average increase in total project costs of 20% after original timelines were exceeded.
Construction Retention - Alleviating Disputes over Retention Releases
ARTICLE -- One key challenge that construction companies face is construction retention, disputes explicitly over retention releases. These conflicts can critically impact timelines, budgets, and profitability. 62% of firms identified retention release disputes as a significant hurdle in 2023.
