Overbilling is a common problem in the construction business. It can cause money problems, legal issues, and hurt relationships with...

Efficient construction inventory control  is an essential component of successful project management. Materials mismanagement can result...

Managing construction payroll  can seem like a full-time job on its own. Tracking time, complying with rules, and assuring correct job...

Managing finances in the construction industry is no small feat. With multiple projects, varying costs, and tight deadlines, staying on...

Negative liability  is one of the most misunderstood terms in construction accounting, but it can have serious repercussions on your...

Managing your cash flow is a very important part of running a successful building business. People who work as contractors often use progress billing  to keep their pay steady. This method divides a bigger project into smaller billing rounds or milestones. This makes it easier for contractors to keep track of their money and makes sure they get paid as work is finished. If you're unfamiliar with progress invoicing, this article will explain what it is, how it works, its cash

It can be hard to keep track of money in the building business, especially for long-term projects. If contractors don’t get paid on time...

In the dynamic world of construction, unforeseen obstacles can upend even the most meticulously crafted budgets. Revising construction...

Efficiency is very important in today's fast-paced work world. It's important to have a clear picture of your financial health whether...

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

Managing finances effectively is critical for the success of any construction business. One significant challenge that contractors face...

A commercial contractor in Arizona recently discovered three months into a $1.8 million project that his budget was off by $127,000. The culprit? Underestimated labor costs, untracked material price increases, and change orders that were approved but never integrated into the budget. This isn't rare. It's happening across construction sites nationwide, and it's why mastering construction budgeting has become one of the most critical skills for contractors in 2026. Creating