Controlling for the unexpected is one of the greatest challenges for the construction industry. Clearly no one can predict the future, but those who plan ahead and put processes in place are more likely to be ready when something unexpected happens.
In construction, we sometimes throw around a lot of words, acronyms and alphabet soup. Find out what we've been talking about the whole time as you jump around on our Definitive Construction Accounting Glossary, and zoom in on related articles to learn even more.
You may have heard of work-in-progress reports or been asked to help provide information for them. So what's the big deal with WIP, and why does the field need to get involved? Plus, see a sample WIP report!
In today’s competitive environment, it takes a great deal of project management finesse and scheduling magic to deliver projects on time and within budget. The main challenge lies in the allocation of a company’s resources, which are finite and constrained by time and cost.
With the best of construction accounting software, document controls and system checks can help companies eliminate the costly mistakes of user error.
Construction software with integrated project management features means you can stop juggling multiple tools and focus on making your jobs more profitable.
These days, contractors must do everything they can to control their job costs. Controlling material and subcontractor expenses is especially critical because mismanagement can jeopardize... Read More