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Contractor Bonds vs. Insurance: Key Differences You Need to Know
It can be hard for contractors to figure out what contractor bonds and contractor insurance are and how to use them. Both play crucial...
Dec 20, 20244 min read
60

Overhead Cost Calculation in Construction: Step-by-Step Guide
Understanding overhead cost calculation  is essential for contractors aiming to manage costs and maximize profits. Direct costs, like...
Dec 12, 20244 min read
345

Job Costing in Construction: Definition, Examples & How to Calculate
Job costing is a big challenge for construction businesses, offering precise insights into project expenses and profitability. Whether...
Nov 28, 20243 min read
252

Overbilling vs. Underbilling: Finding the Balance for Construction Success
Managing finances effectively is critical for the success of any construction business. One significant challenge that contractors face...
Nov 6, 20244 min read
322


The Ultimate Guide to Construction Budgeting in 2024: Step-by-Step
Creating a realistic, effective budget for construction projects is vital in 2024, given the industry’s growing cost pressures and...
Nov 5, 20244 min read
199


5 Ways to Prepare Your Financials for Construction Bonding Approval
When applying for a bond for a building project, especially one that involves public works, it is very important to have accurate and...
Sep 18, 20246 min read
102

Double-Entry Bookkeeping System: Pros and Cons for Construction Company
Accurate and trustworthy accounting is a must for anyone in charge of managing the finances of a construction company. One popular method...
Sep 17, 20244 min read
72


Construction Income Statements: What You Need to Know
Running a construction business is hard, especially when it comes to tracking your financial health. The construction income statement...
Sep 12, 20246 min read
481


6 Key Construction Accounting Methods and How to Apply
Accurate construction accounting is critical for any contractor looking to manage their finances efficiently and grow their business....
Sep 6, 20244 min read
162


The Ultimate Guide to Managing Construction Overhead Expenses
Construction overhead expenses  are one of the most important but often forgotten parts of managing money in the construction business....
Aug 31, 20244 min read
127


A Guide to Construction Cost Estimates: Types, Methods, and Examples
In the world of construction, accurate construction estimates are crucial for the success of any project. Whether you're a contractor,...
Aug 22, 20245 min read
979


Top 5 Mistakes Contractors Make with Overhead Costs
In the world of construction, managing finances effectively can be the difference between a successful project and one that wastes your...
Aug 16, 20245 min read
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