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Jun 19, 20244 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...
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Jun 7, 20244 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...
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Jun 4, 20245 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...
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May 30, 20245 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...
161
May 27, 20244 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...
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May 25, 20245 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 23, 20245 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...
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May 16, 20245 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...
162
May 13, 20243 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...
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May 10, 20243 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...
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May 3, 20244 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,...
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Apr 28, 20243 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,...
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Apr 25, 20244 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...
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Apr 18, 20244 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...
155
Apr 15, 20244 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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Apr 3, 20243 min read
Common Errors to Avoid When Setting Up Sage 100 Contractor
Setting up Sage 100 Contractor for your business is a crucial step to streamline your construction company’s financial and project...
125
Mar 8, 20244 min read
How to Handle Accounts Receivable Disputes: A Step-by-Step Guide
Navigating through accounts receivable disputes requires not just patience and professionalism, but also a strategic approach to ensure...
192
Feb 28, 20243 min read
4 Critical Construction Cash Flow Mistakes and How to Fix
In the busy construction sector, ensuring a steady cash flow is crucial for the project's vitality. Cash flow management can be...
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