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As contractors continue to look for ways to save on costs, the notion of cloud computing – and the benefits it has to offer- is becoming more attractive. An article in Constructech said that in 2011, construction technology providers offered cost-reduction opportunities by providing Software as a Service (SaaS) and managed services for cloud computing to contractors. This January, contractors are offered cloud-based timekeeping that gives several payment options based on access and not on standard headcount. License costs will be reduced considerably because only those users with direct access will need to be licensed, the field-based personnel can just digitally sign their time sheets making their licenses discounted. This is a clear indication that the industry is thus becoming more comfortable with the concept of the cloud. Contractors can expect more cloud-based application from technology companies to help them minimize costs on overhead and other in-house technology infrastructure. Keep up-to-date on the technological developments in the construction industry, visit Constructech and Construction Cloud Computing.