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.
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.
How to Choose the Best Project Evaluation Methods
Project selection decisions should be compatible with the organization’s mission and business strategy. Sound selection decisions provide assurance that budgetary, time and technical requirements will be met, project economics and profitability will be achievable, and success will be attained.
How do you establish trust with project partners?
Three industry professionals share their best practices on developing trust with project partners.
Four Steps to Remove Complexity From Construction
While construction executives may disagree with each other about a lot of things, complexity on the job is perhaps the one issue everyone can agree hurts their businesses.
What’s the secret to a successful project closeout?
Activity in the construction sector has definitely picked up, and currently we do not see an end in sight. However, the pickup has been an increase in work, not an increase in project profits.
How to Determine Whether a Project Is Worth the Risk
When presented with a project opportunity, many contractors quickly respond with enthusiasm before thoroughly considering whether taking on the project makes sense for their business. Fortunately, there is a better way to evaluate projects that balances the optimism of a win with the practical need to make a profit.
Fire Protection Contractors Talk Project Planning, Prefab and Workforce Retention
Construction Executive checked in with two experienced fire protection contractors to gauge what’s new in their area of business.











