financial management | Construction Cost

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Nov 235 min read

The Percentage of Completion Method in Construction: Benefits and Calculations

Knowing the percentage of completion approach is essential for precise financial management. This revenue recognition technique gives...

Oct 295 min read

WIP Reports vs. Job Cost Reports: What’s the Difference?

Selecting the appropriate report can have a significant impact on monitoring the financial health of a building project. Two of the most...

Oct 244 min read

How to Maximize Your Construction Profit Margin

As a construction business owner, one of your primary goals is to increase your profits while keeping costs under control. But how...

Oct 35 min read

How to Renew or Update Your Construction Surety Bond

If you are a building contractor, you need to renew your construction bond every year to stay in compliance and keep your business...

Sep 304 min read

How Contractors Can Maximize Bond Capacity Through Strong Internal Financials

Bonding ability is a very important factor for contractors that determines what kinds of projects they can take on and how big they can...

Feb 14 min read

How does AI Improve Financial Reporting in Construction?

AI's adoption i n construction financial reporting is a key for staying competitive in the fast-paced and demanding world of construction...

Aug 16, 20203 min read

Financial Cornerstones: Money Management for Small Construction Firms

Starting a small construction business is not a walk in the park, especially if you're juggling fewer than 20 employees. Like many small...