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Fixed vs. Variable Overhead in Construction: What’s the Difference?
Overhead expenditures are a major component of any construction project. Whether you're an experienced contractor or a small business...
Apr 45 min read
28


Purchase Order Best Practices for Managing Construction Materials Efficiently
Keeping construction projects on pace and within budget requires efficient material management. Contractors who do not use a systematic...
Apr 36 min read
10


Mastering Cost-Plus Contracts: A Step-by-Step Guide for Contractors
Picking the right type of contract is important for managing the costs of a construction job and making money. One choice that stands out...
Apr 15 min read
41


How Estimate Bonds Improve Your Construction Business Credibility
Building trust with clients and winning projects in the cutthroat construction industry calls for more than simply excellent work....
Mar 314 min read
1


Understanding Tax Codes and Their Impact on the Construction Industry
Tax rules might be intimidating, but they play an important part in how construction companies run financially. Knowing the correct tax...
Mar 284 min read
14


Revenue Recognition in Construction: What Contractors Need to Know
Understanding revenue recognition is one of the most important aspects of running a profitable and legally compliant construction...
Mar 276 min read
26


How to Avoid Bond Claims and Financial Penalties
As a contractor, you work hard to finish jobs, manage cash flow, and keep your company going smoothly. However, bond claims and financial...
Mar 264 min read
4


Estimate Bonds in Construction: What They Are and Why They Matter
Estimate bonds are important financial tools in the construction business because they protect both contractors and project owners. They...
Mar 255 min read
20


The Impact of Delayed Payments on Construction Revenue
Imagine finishing a large project on schedule and within budget, only to have to wait weeks or even months for payment. Delays in...
Mar 244 min read
48


Top 5 Accounting Software Features Every Construction Business Needs
Accounting in construction is more than just recording money; it is also about understanding how to minimize costs, remain on budget, and...
Mar 215 min read
15


How to Forecast Construction Revenue for Better Business Planning
For construction companies to stay on top of their finances, plan ahead, and make the best use of their resources, they need to be able...
Mar 204 min read
16


AIA Billing vs. Progress Billing: Which One Works Best?
When it comes to billing in the construction industry, two methods often come up in conversation: AIA Billing and Progress Billing . Both...
Mar 195 min read
38


Understanding the 3 Key Financial Statements in Construction Accounting
It's important to have a good idea of your finances when running a construction business. It's not enough to just keep track of your...
Mar 185 min read
13


How to Create Effective Construction Cost Codes for Maximum Profitability
If you’re a construction business owner, you probably know that keeping track of job costs is one of the biggest challenges. Without a...
Mar 175 min read
25


How to Use Financial Statements to Secure Construction Business Loans
Running a construction business requires significant cash flow to cover materials, labor, and equipment costs. However, many contractors...
Mar 133 min read
16


Common Job Costing Mistakes That Are Costing You Money
Job costing is important for any building company. It involves keeping track of how much each job costing mistakes , and it can have a...
Mar 125 min read
10


How to Prevent Invoice Disputes in Construction Projects
There are a lot of billing disputes in the building business. They can hold up the project, hurt relationships, and waste time and...
Mar 115 min read
5


How Overhead Costs Impact Your Construction Budget
Building projects are complicated and have a lot of changing parts. Keeping track of the building budget is one of the hardest things for...
Mar 105 min read
17
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