Construction is slowly adopting technology in daily operations, but many firms are still supported by disparate, non-integrated systems. Here’s how inefficient systems may be impacting the bottom line.
Three Essential Tips for Managing Accounts Receivable in Construction
Managing accounts receivable in the construction industry can be tricky, but it should always be a top priority for all contractors, suppliers and business owners. Contractors can take note of these practices to improve their collection processes and cash flow.
Establishing an Effective Safety Committee
Safety committes can be the eyes and ears of a company on and off the jobsite, providing a structured forum for employees to express concerns and provide solutions for improving workplace hazards and processes.
Increase Productivity and Cost Savings With Site Logistics Planning
Not all construction solutions are found in the latest technology. That’s where developing a more proactive versus reactive culture on project sites becomes pertinent, and where simple demand planning can drive increased productivity and cost savings.
How Contractors Can Maximize Their Bottom Lines During the Busy Season
From the planning phase of a project to onsite upselling, there are a variety of ways contractors can prep for this time of year to ensure they have a profitable busy season.
Engineering and Construction M&A Activity Lags to Start 2019
Q1 2019 was a low mark in M&A value and transaction volumes in the last three years. Sector M&A activity continues to be dragged by economic uncertainty, ongoing trade friction, and associated geopolitical tension, all of which cloud otherwise good underlying fundamentals.
Find the Correlation Between Company Culture and Profitability
Most construction companies are pretty average, but average is not a retention strategy. Creating a great culture might be the best profit strategy.
Entity Structure for Contractors Under the New Tax Law
It is important to analyze the unique characteristics of each business while considering the federal and state tax implications and the business’ long-term intentions to pick the right entity structure.












