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Then came the call from his accountant. Yes," said the accountant, "impressive sales indeed. That's the good news. The bad news is that the business has actually lost money over the last quarter." John hadn't checked his costs for some time, so the unwelcome news from the accountant came as a shock.
HR, Finance and Accounting Professionals: Learn How to Work Smarter Not Harder at Collaborate 2018. In the construction industry, no two days are ever alike. In the back office, accounting and HR teams are the workhorses that get these tasks done day in and day out. Tax Planning Strategies for Construction Contractors.
If you’re the owner of a construction or trade business, chances are you’ve asked yourself what it takes to be successful in this field. The good news is that there is no single formula for building success. So take a closer look for more information on the things every construction business must have to be successful.
Productive construction and collaboration go hand in hand. accountability. Based upon the above, why would anyone be surprised by the lack of productivity and rampant economic and environmental waste endemic to public sector facilities repair, renovation, maintenance, and new builds? Constructing Excellence. commitment.
Balfour Beatty Chief Executive Leo Quinn has said HS2 should not prioritise re-negotiating its contracts, as was suggested should be done in a Public Accounts Committee report in February, and should instead focus on delivery of the controversial project. See the panel to the right.
The Government has blocked an attempt to amend the planned Procurement Bill to include mandatory project bank accounts for all jobs valued at over £2m. “Government Departments have made a commitment to use PBAs in construction projects unless there are compelling reasons not to do so. ”
The new GAAP revenue recognition standards developed by the Financial Accounting Standards Board are here, and these standards are designed with complex projects in mind. When implemented properly, they offer improved cash flow and better accounting insight, which benefits contractors and customers. Identify the Contract.
Construction software can have a big impact on the productivity of a company, especially when selected thoughtfully and implemented wisely. Wayne Newitts, Viewpoint’s director of strategic partnerships, recently discussed this topic on the ACHR News Podcast with Herb Woerpel. Is Your Software Cloud and Mobile Friendly?
To read more of this and every other news story on this site, please log in with your Construction Law membership account details. If you don't have an account, you can get free access to the news on this site and receive a free newsletter onFridays by creating a Newsletter account.
The Construction Industry’s Best User Conference Is Only Getting Better. That’s when thousands of construction professionals of all roles, company sizes and specialties will gather here in Portland to learn, network and discover the latest technology solutions to eliminate inefficiencies and increase their profitability. Register Now!
Subscribe to our free newsletter today to keep up to date with the latest constructionnews. Cement production accounts for roughly 8% of global carbon dioxide emissions, more than aviation and shipping combined.
Newconstruction technologies to attract younger workers, a push toward green building and the good and bad news in safety — these highlight some of the top stories in April. Joysticks and Simulations: The NewConstruction Recruiting Tools. Joysticks and Simulations: The NewConstruction Recruiting Tools.
To read more of this and every other news story on this site, please log in with your Construction Law membership account details. If you don't have an account, you can get free access to the news on this site and receive a free newsletter onFridays by creating a Newsletter account.
Revenue recognition standards were recently updated by the Financial Accounting Standards Board , and these updates will have an impact in the construction industry. To help contractors prepare, Viewpoint recently hosted a webinar on how contractors can get ready for the new standards. So where should contractors start?
Although historically the construction industry has been slow to go digital , times are changing. There’s an industry transformation happening in construction, driven by modern technology, and these changes are significantly elevating construction management. Manual Processes Handcuffing True Construction Management.
Green construction isn’t new anymore. In fact, it’s become pretty commonplace in the construction industry. Just look at how many projects aim to achieve LEED certification or the new BREEAM certification, which we recently discussed here on Viewpoint Surveyor. The Role of Contractors in Green Construction.
Construction Laws last issue of the year is arriving on subscribers desks now, with important analysis of developments that companies all along the supply chain need to be aware of. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.
Annual statistics released by the Health and Safety Executive (HSE) confirm that there were 51 fatal injuries to construction workers in the year to March 2024. To read more of this and every other news story on this site, please log in with your Construction Law membership account details. See the panel to the right.
Even as technology and modern processes are changing the way contractors have traditionally done business, the construction industry as a whole is still trying to shake off a big productivity gap. Construction organizations are relying on modern software for accounting, field management, project management, bid management, design and more.
The latest edition of Construction Law’s print journal is with subscribers now, with its blend of insightful expert analysis, challenging comment and latest news updates. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.
Plus, get some advice for marketing and expanding your business in this month’s news roundup. How Drone Photography Is Carving a Niche in Construction. It’s no secret drones are becoming more prevalent in construction. Drone use continues to skyrocket for photography on construction jobsites. Projects by 2021.
Why Hope Is Hurting Your Business ccapoccia Thu, 02/16/2023 - 08:53 You are 100% accountable for your current situation and the results you’re achieving. The bad news is you have manufactured the current state of affairs at your company. The bad news is you have manufactured the current state of affairs at your company.
To read more of this and every other news story on this site, please log in with your Construction Law membership account details. If you don't have an account, you can get free access to the news on this site and receive a free newsletter onFridays by creating a Newsletter account.
Contractors are Leveraging Power of Construction Management Software and Mobile Applications for Growth, But Where Do Responsibilities for Device Management Lie? Regulating Mobile Construction Technologies. The explosion of mobile devices is evident in construction. Improving Mobile Construction Security. percent in 2014.
The construction industry remains one of the most hazardous, accounting for nearly a quarter of all US worker fatalities in 2022. As construction work grows in complexity… Source The post Building a safer future in construction through mobile technology and AI appeared first on Construction Today.
Risk and construction projects go hand in hand. From tracking safety issues and compliance on the jobsite, to ensuring that regulatory and contractual obligations are met, to correctly accounting for all of the job costs, payments and other financial data […].
Construction clients for major projects are urged to ‘buy now’ rather than wait for more economic uncertainty or else risk having no bidders when they go to tender in an overheated market, in a report from cost consultants Core Five. Subscribers to the printed magazine get access to the entire Construction law website.
Construction management is no easy task, as today’s contractors have a lot to juggle: job costs and budgets, progress reporting, overseeing subcontractors, field crews and schedules, materials and equipment, constantly moving timelines and much more. How to Choose Construction Management Software. How do your processes work now?
News post notes that “From start to finish, you could buy land and have a home built on it in about six months if there are no delays and ideal weather.” The post 3 Things to Consider Before Purchasing and Developing Raw Land appeared first on Construction Marketing Association Blog.
Scotland’s Construction Leadership Forum (CLF) has welcomed Scottish Government moves to eliminate low cost tenders from public sector projects, saying they smother innovation and damage industry productivity and growth. Subscribers to the printed magazine get access to the entire Construction law website. See the panel to the right.
The government has opened a 12 week consultation on a Construction Products Green Paper published alongside its response to the Grenfell report. To read more of this and every other news story on this site, please log in with your Construction Law membership account details. See the panel to the right.
Technology and Construction Court Judge Stephen Davies has advised parties to consider issuing claims in the Birmingham and Bristol Technology and Construction Courts where appropriate rather than overburdening the London TCC. Subscribers to the printed magazine get access to the entire Construction law website.
The good news: you’ve landed a huge contract with a ton of potential. The bad news: it requires AIA billing, and you’re not sure where to start. Accounting Technology. This white paper is provided by both Construction Business Owner and the sponsor who may follow-up with you regarding their products and/or services.
To read more of this and every other news story on this site, please log in with your Construction Law membership account details. If you don't have an account, you can get free access to the news on this site and receive a free newsletter on Fridays by creating a Newsletter account.
Construction companies are complex, living, breathing organizations. It takes a variety of construction professionals in specialized roles to complete any project. Every department in a construction company has different needs, different challenges, and they simply do different things. For HR and Accounting Professionals.
To read more of this and every other news story on this site, please log in with your Construction Law membership account details. If you don't have an account, you can get free access to the news on this site and receive a free newsletter onFridays by creating a Newsletter account.
The Competition and Markets Authority (CMA) has raided several construction sites and offices to gather evidence for a bid rigging investigation focussing on roofing contracts at schools. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.
National nonresidential construction spending increased.3% 4%, while public nonresidential construction spending was up.2% A surge in highway and street spending accounted for more than 40% of the monthly increase, and. 3% in February, according to an Associated Builders and Contractors analysis of data published by the U.S.
To read more of this and every other news story on this site, please log in with your Construction Law membership account details. If you don't have an account, you can get free access to the news on this site and receive a free newsletter onFridays by creating a Newsletter account.
If your company is experiencing rapid growth, you might find yourself navigating a good news/bad news situation: while your sales figures climb, managing cash flow becomes increasingly complex, pushing you to seek additional financing to meet the rising demand. However, they have a requirement: they want the job done in three weeks.
The first issue of our print magazine of 2025 is arriving on subscribers desks now, continuing the popular blend of expert analysis and news on the key construction legal and procurement issues. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.
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