Surety Bond Quarterly - Fall 2017 - 29

the selection team). This team will
need to facilitate an implementation
planning session, set timelines for
implementation, and, finally, set a "go
live" date. At this time, it is important
to inventory the internal resources
and time commitment necessary for
a successful implementation.
When taking a step back and looking
at the process as a whole, it is a daunting task. This is why the appropriate
level of planning and a structured process are so essential to a successful
selection and implementation. The
possibility of success declines when
a company approaches the process
without a well thought out plan or
realistic deadlines. This takes a great
deal of time, and those who have been
identified as part of the selection or
implementation team will also have
their day-to-day responsibilities on
top of navigating the process.
Software Offers a Tool to
Address Many Future Challenges
A final thought for consideration.
Software, more specifically, a

completely implemented and fully
integrated software is possibly one
of the greatest opportunities for
positive disruption in the construction industry over the next several
years. Labor shortages, both field
and office, are well publicized; and
the consensus is that promoted
career paths, education, and demographics will not shift rapidly enough
to increase the supply of skilled or
professional labor. Companies that
identify software that appropriately
fits their needs, fully implemented
to use all of the applicable functions, and integrate this software to
work seamlessly with other applications will find themselves in a
more favorable position long term
than those that don't. As the marketplace demand for construction
services continues to increase while
the workforce shortage remains
unresolved, it will become crucial
to identify and exploit opportunities for efficiencies to be gained
within standardized processes.
Stated differently, in the future, as

We're building surety solutions,
so you can build your business.

an industry, we need to find a way
to make one project manager equal
two project managers. On the surface, the greatest opportunity to
accomplish this endeavor in the near
term is through the appropriate use
of technology.
●
Andrew Headding is a director/consultant in the Construction and Real
Estate Group of CliftonLarsonAllen
(CLA). He is responsible for managing large commercial projects
of all scopes including industrial,
educational, parking, multi-family
and senior housing. Prior to joining CLA, he was a project manager
for a large commercial real estate
developer that specialized in market
rate/affordable housing and hotels,
among other construction industry
roles. Headding can be reached at
Andrew.Headding@CLAconnect.com
or 612.397.3344.
Jeffrey Nesbitt, who is a manager in
CLA's Phoenix office, contributed to
this article.

Let's have a frank
conversation.

At Frankenmuth Surety, we're not interested in doing things the way they've
always been done. Instead, we work to find value and opportunities where
others don't. As part of Frankenmuth Insurance, a 150-year-old mutual
company, we've earned a rating of "A" (Excellent) from A.M. Best, and we
are certified by the Department of the Treasury for more than $55 million.
Start a conversation about your clients' needs at FrankenmuthSurety.com.

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08/08/17 12:38 29
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Table of Contents for the Digital Edition of Surety Bond Quarterly - Fall 2017

NASBP Upcoming Meetings & Events
2017–2018 Executive Committee
From the CEO: Advice for the Advisor!
How Can Construction Contractors Expedite Payment on Federal Contracts?
The Growing Importance of the Bond Producer in the Efficient Resolution of Claims
Practical Tools to Help Jump-Start Your Company’s Cyber Plan
Bond Agency Owners: The Hardest Part is Letting Go
New Software Selection and Implementation is not a Weekend Project
Is Canada Soon to Have Its Version of the Miller Act?
2017 NASBP Resource Directory
Surety Bond Quarterly - Fall 2017 - Intro
Surety Bond Quarterly - Fall 2017 - cover1
Surety Bond Quarterly - Fall 2017 - cover2
Surety Bond Quarterly - Fall 2017 - 3
Surety Bond Quarterly - Fall 2017 - 4
Surety Bond Quarterly - Fall 2017 - 5
Surety Bond Quarterly - Fall 2017 - 6
Surety Bond Quarterly - Fall 2017 - 2017–2018 Executive Committee
Surety Bond Quarterly - Fall 2017 - 8
Surety Bond Quarterly - Fall 2017 - From the CEO: Advice for the Advisor!
Surety Bond Quarterly - Fall 2017 - How Can Construction Contractors Expedite Payment on Federal Contracts?
Surety Bond Quarterly - Fall 2017 - 11
Surety Bond Quarterly - Fall 2017 - 12
Surety Bond Quarterly - Fall 2017 - 13
Surety Bond Quarterly - Fall 2017 - The Growing Importance of the Bond Producer in the Efficient Resolution of Claims
Surety Bond Quarterly - Fall 2017 - 15
Surety Bond Quarterly - Fall 2017 - 16
Surety Bond Quarterly - Fall 2017 - 17
Surety Bond Quarterly - Fall 2017 - Practical Tools to Help Jump-Start Your Company’s Cyber Plan
Surety Bond Quarterly - Fall 2017 - 19
Surety Bond Quarterly - Fall 2017 - 20
Surety Bond Quarterly - Fall 2017 - Bond Agency Owners: The Hardest Part is Letting Go
Surety Bond Quarterly - Fall 2017 - 22
Surety Bond Quarterly - Fall 2017 - 23
Surety Bond Quarterly - Fall 2017 - 24
Surety Bond Quarterly - Fall 2017 - 25
Surety Bond Quarterly - Fall 2017 - New Software Selection and Implementation is not a Weekend Project
Surety Bond Quarterly - Fall 2017 - 27
Surety Bond Quarterly - Fall 2017 - 28
Surety Bond Quarterly - Fall 2017 - 29
Surety Bond Quarterly - Fall 2017 - Is Canada Soon to Have Its Version of the Miller Act?
Surety Bond Quarterly - Fall 2017 - 31
Surety Bond Quarterly - Fall 2017 - 32
Surety Bond Quarterly - Fall 2017 - 2017 NASBP Resource Directory
Surety Bond Quarterly - Fall 2017 - 34
Surety Bond Quarterly - Fall 2017 - 35
Surety Bond Quarterly - Fall 2017 - 36
Surety Bond Quarterly - Fall 2017 - 37
Surety Bond Quarterly - Fall 2017 - 38
Surety Bond Quarterly - Fall 2017 - 39
Surety Bond Quarterly - Fall 2017 - 40
Surety Bond Quarterly - Fall 2017 - 41
Surety Bond Quarterly - Fall 2017 - 42
Surety Bond Quarterly - Fall 2017 - 43
Surety Bond Quarterly - Fall 2017 - 44
Surety Bond Quarterly - Fall 2017 - 45
Surety Bond Quarterly - Fall 2017 - 46
Surety Bond Quarterly - Fall 2017 - cover3
Surety Bond Quarterly - Fall 2017 - cover4
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