Why Key Performance Indicators Are Crucial for Construction Success
In the dynamic and complex world of construction, managing projects efficiently and effectively is paramount. This is where key...
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Jun 254 min read
Best Practices for a Construction Balance Sheet: A Beginner's Guide
Understanding the best practices for preparing a construction balance sheet is essential for contractors who want to maintain a clear...
279
Jun 224 min read
4 Proven Strategies to Control Your Construction Material Costs
In the construction industry, controlling material costs is crucial for maintaining profitability and staying competitive. The price of...
70
Jun 194 min read
Understanding Cost-Plus Contracts in Construction: Pros and Cons
Choosing the right type of contract is important for the success of every construction project. One popular type of agreement is the...
749
Jun 74 min read
Top 5 Construction Billing Methods & Key Considerations
Effective billing practices are crucial for maintaining a healthy cash flow as a contractor. It also ensures the financial success of...
88
Jun 45 min read
How to Effectively Follow Up on Past Due Invoices in Construction
Managing past due invoices can be a challenging aspect of running a business. Late payments not only affect cash flow but also strain...
64
May 305 min read
QuickBooks Online vs. Desktop: How to Choose the Best for Your Company
Choosing QuickBooks Online vs Desktop can seem daunting, especially for target construction companies looking to streamline their...
122
May 274 min read
Mastering Construction Invoicing: Strategies for Peak Season Success
Are you a construction company bracing for the high-demand seasons? As projects pile up and deadlines loom, effective invoicing becomes...
31
May 255 min read
How to Allocate Overhead Costs in Construction: A Beginner's Guide
In the construction industry, understanding and effectively managing overhead allocation is crucial for maintaining profitability and...
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May 235 min read
Are You Maximizing Your Retainage Receivables in Construction?
As a construction company, managing your retainage construction receivables is crucial for maintaining a healthy cash flow and...
50
May 165 min read
5 Tips to Enhance the Accounts Payable Process in Construction
Are you feeling overwhelmed by the constant influx of invoices, payment deadlines, and vendor inquiries in your construction business? If...
130
May 133 min read
Top 5 Common Challenges in Using Construction Cost Codes
In the intricate world of construction management, cost codes serve as the guiding compass, meticulously navigating projects through the...
421
May 103 min read
How To Reduce Errors in Construction Invoices: Techniques and Tools
In the construction industry, where precision and accuracy are crucial, errors in invoicing can have significant impacts on project...
38
May 34 min read
The Ultimate Checklist for Securing Your Surety Bond Application
In the world of construction, surety bonds serve as essential tools to ensure project completion and financial security. However,...
81
Apr 283 min read
Why Construction Companies Get Stuck in the Underbilling Cycle
In the competitive world of construction, managing finances accurately is as crucial as laying a strong foundation for a building. Thus,...
55
Apr 254 min read
Unlocking Surety Bond Underwriting Process: A Comprehensive Guide
Construction surety bonds play a pivotal role in the construction industry, offering financial security and peace of mind to all parties...
100
Apr 184 min read
Navigating Construction Surety Bonds: Types, Costs & Coverage
The world of construction revolves around trust and guarantees. For project owners, this means knowing the contractor they hire will...
145
Apr 154 min read
How High DSO Impacts Your Entire Construction Business
Running a construction business is no small feat. From managing projects and teams to navigating supply chains and client relationships,...
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