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Job Costing in Construction: Definition, Examples & How to Calculate
Job costing is a big challenge for construction businesses, offering precise insights into project expenses and profitability. Effective...
Nov 28, 20247 min read


The Percentage of Completion Method in Construction: Benefits and Calculations
Knowing the percentage of completion approach is essential for precise financial management. This revenue recognition technique gives...
Nov 23, 20245 min read


Overbilling vs. Underbilling: Finding the Balance for Construction Success
Managing finances effectively is critical for the success of any construction business. One significant challenge that contractors face...
Nov 6, 20244 min read


The Ultimate Guide to Construction Budgeting in 2024: Step-by-Step
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 2025. Creating
Nov 5, 20247 min read


WIP Reports vs. Job Cost Reports: What’s the Difference?
Selecting the appropriate report can have a significant impact on monitoring the financial health of a building project. Two of the most...
Oct 29, 20245 min read


Top 6 Essential Features for Construction Management Software
Construction management software has revolutionized the way contractors and project managers handle the complexities of construction...
Oct 26, 20245 min read


How to Maximize Your Construction Profit Margin
As a construction business owner, one of your primary goals is to increase your profits while keeping costs under control. But how...
Oct 24, 20244 min read


How to Integrate QuickBooks and JobTread for Accounting Efficiency
To stay competitive in today's fast-paced building business, you need to keep good track of your money. Adding QuickBooks to JobTread ...
Oct 20, 20244 min read


How to Navigate the Surety Bond Claims Process in Construction
As a contractor, you’ve probably heard about the surety bond claims process , but how familiar are you with the details? You can avoid...
Oct 18, 20244 min read


Surety Bond Rates Explained: How to Get the Best Deal
When it comes to securing surety bonds, many business owners, especially contractors, are primarily concerned about the cost. How much...
Oct 9, 20245 min read


Top 6 Factors to Look for When Choosing a Surety Broker
Choosing the right surety bond provider is one of the most critical decisions a contractor or construction business will face. The right...
Oct 7, 20245 min read


How to Renew or Update Your Construction Surety Bond
If you are a building contractor, you need to renew your construction bond every year to stay in compliance and keep your business...
Oct 3, 20248 min read


How Contractors Can Maximize Bond Capacity Through Strong Internal Financials
Bonding ability is a very important factor for contractors that determines what kinds of projects they can take on and how big they can...
Sep 30, 20244 min read


The Risks of Working Without a Surety Bond in Public Works
If you work on public projects, a security bond is more than just something you have to do. It's an important safety measure that keeps...
Sep 27, 20246 min read


How To Estimate Your Performance Bond Costs in Construction
When you’re preparing for a new construction project, estimating your performance bond costs is one of the essential steps. Without...
Sep 25, 20245 min read


4 Common Financial Issues That Can Impact Bonding for Construction
Securing construction bonding is a crucial step for contractors, especially in public works projects. But several financial issues can...
Sep 21, 20245 min read


5 Ways to Prepare Your Financials for Construction Bonding Approval
When applying for a bond for a building project, especially one that involves public works, it is very important to have accurate and...
Sep 18, 20245 min read


Double-Entry Bookkeeping System: Pros and Cons for Construction Company
Accurate and trustworthy accounting is a must for anyone in charge of managing the finances of a construction company. One popular method...
Sep 17, 20244 min read
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