Retainage cash drain, Billion dollar secret and Vietnam goes permit-free

Snapshot

Happy Monday. Here is what happened in the AEC world: Ameresco partnered with the U.S. Army to install 3D printed insulation panels. Vietnam plans to eliminate all construction permits by 2025 to streamline project delivery and reduce costs.

New Innovations and Partnerships

Ameresco teams with U.S. Army for 3D printed upgrades: Ameresco partners with the U.S. Army to enhance energy efficiency at Detroit Arsenal using 3D printed insulation panels. (3dprintingindustry.com)

Policy & Regulation Updates

Asia

Vietnam plans to eliminate construction permits for efficiency: The government aims to eradicate construction permits by 2025 to streamline project implementation and reduce unofficial costs. (com.vn)

Opinions

How contract retainage creates million dollar cash flow drains: On the latest Construction Curiosities, Matt Graves explains how standard 10% retainage withholding forces subcontractors to finance $2M+ across project tiers while their profits sit in owner accounts until completion. (constructionyeti.com)

What we're missing about building exceptional companies: Patric Hellermann and Shub Bhattacharya discuss on Practical Nerds how vertical integration beats horizontal expansion, with 95% of $10+ billion companies achieving outlier status without venture funding. (foundamental.com)