When it comes to job costing vs process costing, contractors may wonder which cost accounting system or costing method is best for their business. Both enable better decision-making and help keep a close eye on… Read More »Job costing vs process costing
A great proposal is crucial to win business, especially for growing contracting businesses. By using a generic or unoptimized proposal for your bids, you could be leaving potential profit on the table. Learning how to… Read More »How to write a construction proposal
A Construction Scope of work document is a contractual agreement used to define the work a subcontractor is to perform. It should make clear to all parties involved what a contractor is being paid to… Read More »Understanding scope of work in construction
Business people who work consistently on fixed-priced contracts learn early on that the profitability of their business depends on two things: the quality of their job costing analyses and their project management/execution. Surely Microsoft helped… Read More »Project costing and tracking – Two things that belong together!
This question (in its many flavors) is one we encounter quite frequently at Knowify. We know from experience that accountants can have pretty strong opinions about this question, but we’re also not afraid to share… Read More »Should I include overhead in my job cost?
One of Knowify’s many powerful tools is the ability to track real-time labor cost on each of your jobs. Using a loaded labor burden rate, all employee hours entered against jobs can show you an… Read More »Tracking labor cost
Indeed! SO, if a picture is worth 1000 words, you should be taking pictures of all your projects – before, during, and after. That’s can help you show your best work, “make the fewest mistakes… Read More »A picture is worth 1000 words…
Yum! Bacon and business intelligence—it’s a contractor’s dream. Are you going to the Intuit/QuickBooks Scaling New Heights “Epic Practice” Conference in the Bahamas May 21-25th? If you are, let’s meet at the Knowify QB Integrated… Read More »Job costing – How do you strike the right balance between data entry and business intelligence?
The key to efficient project management in construction is people. So wrote Philip Greer, a product manager at Trimble Buildings in a recent article in Construction Business Owner. Good project managers tend to run good… Read More »The biggest challenge to delivering projects on time and on budget is…
Managing a medium or large sized construction project can be very stressful. Everybody on your team expects you to get the job done right with a limited budget and tight deadlines. Being a construction superintendent… Read More »Project management for contractors