Every year, Rabbet releases our Construction Payments Report which shares insights into the growing costs from slow payments in the U.S. Construction Industry. The 2023 report reinforces how critical it is for the industry as a whole to prioritize faster and more reliable payments. Speeding up payments to contractors and making the process more reliable could cut project costs, reduce project risk, and better protect a project’s timeline. In this insightful overview, we’ll help you understand why this report is essential for anyone involved in the U.S. construction industry. Whether you’re a d ..read more

Tracking In Rabbet If you haven’t already, check out the previous blogs in this series, The Real Estate Developers Handbook: Budget Tracking Best Practices in CRE.  Picture this: a majestic skyscraper reaching for space or a serene community nestled amid lush landscapes. These captivating visions start as blueprints and evolve into something tangible.  A real estate development project combines creativity, strategy, and resource management to transform visions into reality. From groundbreaking to ribbon-cutting, every step holds the promise of a thriving property that will stand as a ..read more

Best Practices to Ensure Commercial Real Estate Development Project Success If you haven’t already, check out the first blog in this series, The Real Estate Developers Handbook: The Role of Budgets in CRE.  Picture this: a majestic skyscraper reaching for space or a serene community nestled amid lush landscapes. These captivating visions start as blueprints and evolve into something tangible.  A real estate development project combines creativity, strategy, and resource management to transform visions into reality. From groundbreaking to ribbon-cutting, every step holds the promise o ..read more

Picture this: a majestic skyscraper reaching for space or a serene community nestled amid lush landscapes. These captivating visions start as blueprints and evolve into something tangible.  A real estate development project combines creativity, strategy, and resource management to transform visions into reality. From groundbreaking to ribbon-cutting, every step holds the promise of a thriving property that will stand as a testament to your vision and determination. However, amidst the excitement and anticipation, one aspect often stands as the bedrock of project success: budget tracking ..read more

In the ever-evolving construction industry, lenders and developers face ongoing challenges in communication, collaboration, and operational efficiency. The 2023 State of Construction Finance Report, based on a survey conducted by Rabbet, sheds light on the persistent issues faced by industry professionals. However, it also highlights the growing recognition that technology holds the key to solving many of these problems. This blog explores how lenders and developers spend excessive time processing draws on construction projects, the inefficiencies inherent in current processes, and why embraci ..read more

In the dynamic world of commercial real estate (CRE), making informed decisions can be the difference between a successful project and one that falls short of expectations. As the industry continues to evolve, the role of data in enabling better decision-making has become increasingly crucial. In this blog, we will explore how data empowers commercial real estate developers to make better decisions and ultimately save money in various ways. We will highlight the importance of accurate, reliable, and real-time financial data for the success of CRE projects and how tools like Rabbet can assist i ..read more

Rabbet, the leading provider of construction finance software, today launched its cutting-edge generative AI feature, Rabbet Vantage. Applying Rabbet’s conversational query experience to the wealth of construction finance data tracked on Rabbet transforms how commercial real estate owners, lenders, and servicers interact with financial data, ushering in a new era of efficiency and insights. Rabbet is a software that accelerates construction finances by storing, organizing, tracking, and standardizing project information such as costs, agreements, and other documents for commercial real estate ..read more

Rabbet, the leading provider of construction finance software, today released its highly anticipated 2023 State of Construction Finance Report, which provides invaluable insights into the current landscape of construction finance, the perceptions of construction finance processes, and the relationship between lender and borrower. Key findings include: 64% of respondents claim that software has helped their team gain efficiency and productivity. 58% of lenders are investing in process improvements to stay ahead and combat the current macroeconomic climate 68% of developers have invest ..read more

If you don’t have time to go through the entire of Rabbet’s 2023 State of Construction Finance Report yet, but you’re curious as to the findings, we’ve got you covered! Here is a summary of this year’s report. Each year Rabbet surveys construction lenders and commercial real estate developers to uncover trends and benchmarks in construction finance. This year’s report found that developers and lenders still face challenges surrounding communication and collaboration. Future-proofing operations is top of mind for both lenders and developers, including both rethinking legacy processes and i ..read more

Why is Rabbet building integrations with every major accounting software? Development management and accounting are distinct and important activities for any real estate developer. Like drywall and paint, both are important and can sometimes be done by one contractor or two. But it is critical that they work closely as the quality of the paint job is dependent on the quality of the drywall installation. Just like the quality of the development outcomes is dependent on the quality of the accounting.  Right now, development management and accounting collaborate in clunky, outdated, and pai ..read more