Executive Insights: Contractors’ Guide to the Bottom Line
Industry experts weigh in on tips for maintaining a healthy bottom line.
Key Financial Indicators of Project Progress
Contractors often can determine if a project is meeting completion milestones simply through experience and intuition. But a more accurate method entails the analysis of data collected from the accounting department, which should be monthly at a minimum.
Construction Accounting Risk at Macro and Project Levels
Construction accounting is difficult on both a weekly project basis and a company-wide business reporting level, but proper application of best practices can smooth out processes and make sure the firm is in the best possible position to be paid fairly.
Construction Technology and Software Rundown: April 20, 2018
Here’s the rundown on smart hot water heaters; a Bluetooth angle grinder; rugged phone; photo to 3D and virtual reality software; and seven new partnerships and acquisitions.
Developments in Fintech Provide More Credit Options to Contractors
Innovations in fintech offer alternatives that allow contractors and suppliers to get paid right away, while buyers still get the convenient 60-day terms they want.
Secrets to Success for Construction Financing as the Capital Stack Shifts
The days of financing a construction project with 70 percent to 75 percent loan to cost, pricing in the low 200 basis-point-range over LIBOR and a 50 basis point commitment fee are gone, at least for the immediate future.
Implementing Construction Accounting Software
When implementing new construction accounting software, go in with an open mind, willingness to learn and implementation as a priority. With a successful implementation, users will hit the ground running.
The Most and Least Lucrative Careers in Construction
Using data from a 2016 American Community Survey, home renovation site BuildZoom produced an analysis of wages in the construction industry to determine which jobs pay the most and least.
