Finance

It’s difficult to recover from a low estimate in construction. Owners don’t want to pay more than they have to, and scope creep is a credibility killer. That’s why successful companies understand the value of an experienced estimator and solid estimating systems. They also train...

WASHINGTON, Dec. 2—National nonresidential construction spending decreased 0.4% in October, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $...

WASHINGTON, Oct. 11—Construction input prices decreased 0.9% in September compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input p...

WASHINGTON, Aug. 13—Construction input prices increased 0.4% in July compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data released today. Nonresidential construction input prices ...

Managing expenses can be a challenge for any field-service company, and construction companies can be particularly susceptible to inefficiencies and waste. Variable costs for materials, management of labor and subcontractors, managing cash flow and adhering to budgets over long p...

Alternative capital is a broad term for financing provided by institutions or firms that typically fall outside of the purview of the larger, regulated institutions (i.e., not traditional banks). While these funding sources may not always be the first option for many businesses, ...

When managing a project, the last thing a team wants to worry about is accounting.  And yet, the company can’t move forward with big decisions if they have outdated work-in-progress schedules and lagging financials. Outdated and inaccurate financials negatively affect bidding, t...

“It’s unique in its accounting methodology, I would say,” Kari Juvera says, describing what differentiates construction financial management from financial management as it’s practiced in other industries. It’s not just that the accounting involved is “extremely specialized,” al...

On March 27, Construction Executive presented its "2024 Q1 Economic Update and Forecast," hosted by ABC Chief Economist Anirban Basu. If you've attended previous versions of this webinar, you're familiar with Basu’s pragmatic approach to the economics of the construction industry...

To try to solve the challenges of construction financial reporting, contractors often take the step of obtaining or upgrading accounting software, often deploying software that aligns with the construction trade; generic accounting software is typically not adequate for commercia...