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The construction industry continues to face supply chain slowdowns, labor shortages and inflation — though the latter of the three has generally moderated a b...
The Case for a Digital Construction Enterprise
Jan 18, 2023The construction industry has always been all about mobility. Yet many contractors continue to hold on to paper processes that keep employees — and project in...
Reviewing Revenue Recognition for Construction Companies
Jul 20, 2022While many businesses handle sales in a single transaction, construction contracts often cover months or even years and include multiple payments. As you’...
3 Numbers To Know: Costs, Markup & Profit
Apr 01, 2022Running a successful construction company calls for more than just winning bids and doing great work. To get ahead and make money, you need to carefully track y...
Dos and Don’ts of Crisis Management for Contractors
Dec 02, 2021From the Great Recession of more than a decade ago to the ongoing COVID-19 pandemic, construction companies have endured some tough lessons over the years. To h...
5 Common Construction Accounting Risks — and How to Address Them
Jul 07, 2021The primary focus of most contractors is to complete projects according to specifications, on time and on budget. For some construction businesses, accounting t...
Nine Ways Contractors Can Maintain Healthy Cash Flow
Mar 04, 2021Contractors trying to keep their construction companies financially healthy face two intrinsic challenges: the seasonal nature of construction work and the unp...
Contractors: Fraud Prevention Starts with You
Feb 04, 2021From equipment theft to padded time to cyberattacks, contractors are vulnerable to a variety of fraud schemes. According to the Association of Certified Fraud E...
Contractors: Act Now to Plug Cybersecurity Holes
Dec 17, 2020The coronavirus pandemic has forced many construction companies to embrace a more distributed workforce. Employees who can work remotely are keeping connected w...
