Cash Flow Problems Stall Growth for More Than Half of Construction Businesses
Proper budgeting, monitoring payment statuses and maintaining awareness of project developments can help prevent problems.
Four Ways to Manage Subcontractor Expenses
Managing a general contractor’s most significant expenses can have a direct impact on profitability. By implementing tight controls, a general contractor may be able to “move the needle” on profitability in a competitive market.
Take Payroll to the Next Level
Payroll functions are included in most construction accounting software, making it easier for contractors to run payroll for employees with multiple rates or different job classifications, pay scales and locations.
Percentage of Completion or Completed Contract: Which Is Better for Long-Term Contract Tax Reporting?
To make sure tax strategy aligns with business and personal goals, it is vital for contractors to explore their reporting options.
Ten Ways to Make Daily Field Log Data Entry Faster, Easier and Better
Moving to electronic daily logs is an obvious first step toward making life easier for field managers. Here are ten features and capabilities to look for to make capturing accurate data in the field simpler and faster.
Three Reasons Late Payments Persist in the Construction Industry
Understanding the reasons why payment issues persist in construction will help contractors protect their business, prevent these issues from happening or at least minimize their effect on the current operations.
What Do Leading Developers Want From Contractors?
Construction projects create extreme demands on a developer’s time and resources—and there are few things more important than finding a quality contractor that is always thinking one step ahead and actively looking to address any issues that may arise.
New Era of Data Use Emerging in Construction
Contractors report increasing ability to gather and analyze data helps improve project outcomes including budget, productivity and profitability.
