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The revised regulation on the management of project finances in the building and construction field is now in effect in Queensland. The Security of Payments Act of 2017, developed to protect payments and retention, was modified to include a more streamlined approach regarding account requirements. The Project Trust Account framework seeks to strengthen the security
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Combining existing processes with cloud-based document management software is crucial to improving efficiency. Using construction management software reduces risks and helps team members stay on the same page about the progress of a project. Cloud-based systems and home building estimating software can store real-time project data for all team members. This reduces the chance of
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