Construction document management is a process for organizing, storing, and facilitating all relevant documents used throughout construction projects. This includes contracts, blueprints, permits, payment applications, change orders, RFI’s, and more. At least ten core document… Read More »Construction document management: How to streamline your projects
Construction accounting is unique from any other industry. It requires specialized skills and knowledge that traditional accounting rarely dips into such as work-in-progress (WIP) and retainage. The key difference, however, is that construction accounting requires… Read More »Construction accounting methods 101: Accrual, cash basis, and revenue recognition
No contractor gets into the business for the love of admin work. After burning the midnight oil for the fourth time this week, managing payroll, tax filing, invoicing, and organizing, you have to wonder if… Read More »Best QuickBooks version for construction contractors
Contractors lean on submittals as one of many risk management tools to ensure projects have a good line of communication and documentation. As such, submittals ensure all stakeholders are on the same page and provide… Read More »Submittal schedules: How to create timelines that work
Late payments go hand-in-hand with working in the construction industry. But the results of a recent study will stun even the most experienced of contractors. Rabbet found that the financial cost of late payments was… Read More »Progress payments in construction: Milestone vs. progress billing
Achieving financial success begins with the end in mind. If you don’t know where you’re going as a business, you’ll likely end up somewhere you don’t want to be. For this reason, contractors must set… Read More »Setting financial goals in construction
The legendary Jack Welch, former CEO of General Electric, once said– “change before you have to.” Nowhere does this quote hold more weight than in the construction industry, as the last few decades have seen… Read More »A construction software buyers guide: Tools & resources for contractors
As a business owner, you must be willing to take calculated risks, but when it comes to the job site, contractors will find there’s much less room for taking chances. This is because, as a… Read More »How to write a construction RFI: Free template & best practices
Every specialty trade faces seasonality in their business at one time or another. Learning how to deal with it effectively can be the difference between a successful business and an unsuccessful one. While the traditional… Read More »Managing seasonality: 6 strategies for growing your business year round
Attention to detail is the key to completing a project successfully. From beginning to end, contractors must be meticulous in their performance. However, as a project progresses, big-picture items will whittle down to the small… Read More »Construction punch list template: Free download to simplify project closeouts