Consider Small Data to Increase Project Success
Using small data will not only lead to more project wins, but also a more stable project pipeline aligned to available resources.
Report Uncovers $40 Billion of Excess Costs in Construction Industry
Contract Simply conducted an industry-wide study that revealed slow payments in the construction industry result in $40 billion in superfluous costs annually.
Seven Reasons Contractors Should Consider Third-Party POS Financing
Advances in financial technology services make it possible for construction companies to offer instant credit decisions to customers at no additional cost. These turnkey financing programs offer all the benefits of an in-house financing credit system without the risk or implementation costs.
Evaluate Reverse Logistics Practices to Save Money
If these three common reverse logistics scenarios ring true then it may be time to evaluate whether a business’ reverse logistics strategy is costing it time, money and customer satisfaction.
2018 Executive Insights: Construction Accounting
Industry experts share their insights on construction accounting best practices.
Build a Lasting Foundation of Profitability
Implementation of the soft science of organizational management integrated with appropriate financial controls can ensure profitable job execution.
A New Revenue Recognition Standard Is (Almost) Here
Most public companies started complying with the new revenue recognition standard, Revenue From Contracts With Customers (ASC 606), when it took effect Jan. 1, 2018. Meanwhile, private companies are counting down to Jan. 1, 2019. For these firms, now is the time to seize the opportunity for a smooth transition.
Slow Pay Leads to Needless Costs
More than 40 percent of subcontractors surveyed said they wait between 30 and 60 days for payment, while an additional 46 percent wait 60 to 90 days.
