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Ike's Newsletter August 7, 2020

Executive Director's Report

Retainage – Are you Utilizing the Law? Please make sure you are getting retainage according to the law.  What do your records show in outstanding retainage?  Here are some helpful hints:

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Ikes' Newsletter July 24, 2020

Executive Director's Report

What is Payment Pain? Click here for an article that you should read.  Every now and then someone comes along who knows how to cogently express the pain subcontractors go through in order to get paid. This public project report will resonate with all members. 

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Ike's Newsletter, July 10, 2020

Executive Director's Report

Procore: Are They Being Fair? Members were notified by both ASAMW and ABC of a problem with Procore’s billing in a message last week.  It does not appear that their practices are changing according to some members.  The new billing method could result in a company paying the required percentage on work already completed and then paying again.  If you use Procore, please check with your accounting staff to see if this is true in your case.  We would like to build a case for all subcontractors and would appreciate any information you have. Google reports, “Procore Technologies Inc., a construction software company that filed in February for a U.S. initial public offering, postponed those plans and instead completed a private funding round, according to people familiar with the matter.”   

Productivity Impacted 20% by COVID 19 – You expected it and now NECA and its foundation have proven in the electrical industry that “Early measurements of the impact of this pandemic suggest that construction productivity has been impacted nearly 20%.”  This has a major impact on profitability and contractors should seek “equitable adjustments that adequately compensate them for the impact.”  For instance, 7% of labor hours is lost on pandemic mitigation activities.  Additionally there is a 12.4% impact on “Vertical Construction productivity.    

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Ike's Newsletter June 26, 2020

Executive Director's Report

Technology -  Tuesday’s virtual conference on technology presented some interesting options, but also raised questions.  Subcontractors must adapt to the GC’s technology; be it Bluebeam, Procore, Aconex, I-beam or other.  Are your Project Managers and Foremen trained to properly utilize these systems and provide the needed reports?  What is your suggestion?

We are extremely thankful to the GC Partners who presented the technology options for subcontractors and offered suggestions on how to best utilize the system to ensure prompt payment, proper scheduling and getting paid for change orders.  This program was spearheaded by Don Free with Forrester Construction, with other presenters including Moez Jaffer, Grunley; Jaime Escudero, Foulger-Pratt; Eric Wayne and Wie Loon Ooi, Avalon Bay; Michael Doughton, Donohoe and Eric Impraim, Forrester Construction, who provided excellent technical assistance. 

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Ike's Newsletter June 12, 2020

Executive Director's Report

Textura: Protect Your Rights –  Are you aware of what you are agreeing to when you make a pay application in Textura?  The GC can set up the program to obtain a release of lien waiver upon payment.  There are several steps a subcontractor can take to preserve its lien rights, especially on change orders.  A member states, "Textura allows a comments section so notes can be made to the releases, however there’s a way the GC can turn off this ability.  The subcontractor should contact the GC and tell them to turn it on or negotiate the Release Of Lien (ROL) with the GC pre-contract and have them upload this negotiated ROL into Textura for signatures."  According to our legal advisors the safest and most prudent course of action is to negotiate the terms of the release with the general contractor before signing the subcontract.

Have YOU paid your Dues?  We are at a crossroads in the construction industry.  Your participation in needed change will determine if Subcontractors have their rightful place at the table in determining our future.  If you believe in what we are doing, I hope you have already paid your dues for the coming year.  If you are not sure, just reply to this email and we will let you know immediately. 

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