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Overhead Cost Calculation in Construction: Step-by-Step Guide
Understanding overhead cost calculation  is essential for contractors aiming to manage costs and maximize profits. Direct costs, like...
Dec 12, 20244 min read
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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
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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
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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
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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
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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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Construction Income Statements: What You Need to Know
Running a construction business is hard, especially when it comes to tracking your financial health. The construction income statement...
Sep 12, 20246 min read
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6 Key Construction Accounting Methods and How to Apply
Accurate construction accounting is critical for any contractor looking to manage their finances efficiently and grow their business....
Sep 6, 20247 min read
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The Ultimate Guide to Managing Construction Overhead Expenses
Construction overhead expenses  are one of the most important but often forgotten parts of managing money in the construction business....
Aug 31, 20244 min read
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A Guide to Construction Cost Estimates: Types, Methods, and Examples
In construction, accurate cost estimates are vital for project success. Whether you're a contractor, project manager, or owner, understanding estimation methods ensures effective planning and execution. A precise estimate controls the budget, allocates resources efficiently, and minimizes cost overruns. A thorough estimate covers both direct and indirect costs, factoring in site conditions, project scope, and market trends. Including contingency funds and profit margins ensu
Aug 22, 20244 min read
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Top 5 Mistakes Contractors Make with Overhead Costs
In the world of construction, managing finances effectively can be the difference between a successful project and one that wastes your...
Aug 16, 20245 min read
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How to Choose the Right Invoicing Software For Small Businesses
In the bustling world of construction, managing finances efficiently is crucial for the success of any small firm. Construction invoicing...
Aug 8, 20244 min read
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