PYMNTS-MonitorEdge-May-2024

Contracting

New York City Unveils AI Action Plan that Develops Rules Framework
New York City Unveils AI Action Plan that Develops Rules Framework
October 16, 2023  |  artificial intelligence

New York City Mayor Eric Adams and Chief Technology Officer Matthew Fraser announced Monday (Oct. 16) the release of the city’s new Artificial Intelligence (AI)...

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PYMNTS Intelligence: Slow Payments Drag Contractors’ Cash Flows
PYMNTS Intelligence: Slow Payments Drag Contractors’ Cash Flows
January 25, 2023  |  B2B Payments

Slow payments are more than a waiting game for the construction industry. They contributed to 12% of total construction costs last year, dipping into firms’...

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86% of Construction Firms Blame Late Payments on Productivity Declines
86% of Construction Firms Blame Late Payments on Productivity Declines
January 23, 2023  |  B2B Payments

A potential housing sector recession is on the horizon, with new construction and building permits falling as homebuilder confidence has sagged to its lowest level...

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