Contractor Bookkeeping

DECEMBER 27, 2024

Access to the best available tools and information is vital in almost any operation but is especially crucial in the competitive construction and home service industry. you can use our promo code YEAREND40.

Construction 128

Construction Accounting Drawings Consulting 128

Construction Business Owner

JANUARY 4, 2024

Keep Your Hands Safe in the Workplace This Winter ccapoccia Thu, 01/04/2024 - 12:11 Hand injuries accounted for 102,350 days away from work in 2020, according to the Bureau of Labor Statistics and the National Safety Council. The winter months only increase the risk of hand injury in the construction industry.

Injury 380

Injury Statistics Accounting Risk 380

Contractor Bookkeeping

JANUARY 3, 2025

The construction industry has also experienced a significant transformation in recent years, driven by technological advancements. Access to the best available tools and information is vital in almost any operation but is especially crucial in the competitive construction and home service industry.

Construction 129

Construction Accounting BIM Profitability 129

Construction Business Owner

APRIL 30, 2024

Outsourcing: A Strategic Imperative for the Construction Industry Discover how Eide Bailly helped a Northwest construction company drive growth and achieve success through outsourcing. mhodges Tue, 04/30/2024 - 12:56 Alliance Partition Systems (APS) is a steel stud framing and drywall contractor located in the Northwest United States.

Industrial 177

Industrial United States Construction Maine 177

Job Order Contracting

AUGUST 24, 2022

Lack of understanding , collaboration, commitment, and accountability among Owner planning, procurement, and project delivery teams is the number one cause of JOC Program failure. Learn more… The post Learnings from JOC Program Audits and AEC Industry Research appeared first on 4BT.

Industrial 264

Industrial Procurement Comparison Plans 264

Construction Business Owner

JUNE 27, 2024

Water damage has long been one of the most common insurance claims in the industry, and it now accounts for up to one-third of all payouts on builder’s risk policies. The cost of those payouts has been rising steeply for several years, and insurers have consequently taken severe steps to mitigate their risks.

Insurance 316

Insurance Risk Claims Accounting 316

Construction Business Owner

JANUARY 20, 2021

By the 1950s, nearly two-thirds of all industrial construction was taking place outside of cities as suburban America was forming. In fact, residential construction in the suburbs accounted for 75% of total construction at the time. As millions of servicemen returned home, the housing market exploded, with 2.5

Residential 334

Residential America Accounting Innovation 334

Contractor Bookkeeping

FEBRUARY 17, 2023

You are a master in the construction industry, so you recognize what to look for in your particular field and quickly observe if someone has the skillsets, and you proceed accordingly. The dirty secret is that Tax Accountants operate like Rough Carpenters because they work fast and furious, and they are paid piece work.

Accounting 116

Accounting Construction Income Maine 116

Contractor Bookkeeping

DECEMBER 27, 2024

Access to the best available tools and information is vital in almost any operation but is especially crucial in the competitive construction and home service industry. you can use our promo code YEAREND40.

Construction 112

Construction Accounting Drawings Consulting 112

Viewpoint Construction Technology

NOVEMBER 29, 2018

The post State of the Construction Industry: November Roundup appeared first on Viewpoint Surveyor. A review of some of the top construction headlines and a look forward to 2019.

Industrial 204

Industrial Viewpoint Construction America 204

Construction Business Owner

JULY 1, 2020

And the construction industry isn’t exempt, with 56% of fraud cases directly related to billing and check/payment, and the median loss just shy of a quarter of a million dollars in more than 40 fraud cases. . 5 tips to protect your business against financial fraud. Rhonda Greene, APSC. Solutions Consultant. AvidXchange.

Green 348

Green Consulting Construction Accounting 348

Job Order Contracting

FEBRUARY 3, 2025

According to industry data, the average bid win percentage for a commercial contractor is 25%, meaning for every 10 bids submitted, they would win 2-3 projects. The industry average of 25% largely reflects the inefficiencies in bid preparation, lack of trust in cost estimates, and inconsistencies in pricing.

Bidding 147

Bidding Construction Defense Contractors 147

Viewpoint Construction Technology

APRIL 30, 2019

With baby boomers retiring in droves and younger workers wary of an industry they view as boring, dangerous and vulnerable after years of double-digit unemployment rates, any way to quell those perceptions is welcome. Technology is one of the few ways the industry has made inroads with effectively addressing the skilled labor shortage.

Industrial 189

Industrial New York City Construction Safety 189

Construction Business Owner

MARCH 19, 2021

This era of automation and the shift toward digital transformation present tremendous opportunity for accounts payable (AP) and project management teams looking to increase efficiency, security and control. Join industry experts to explore and expand on: . New technology making a difference in construction accounting.

Virgin Islands 334

Virgin Islands Puerto Rico Samoa Rhode Island 334

Construction Business Owner

AUGUST 24, 2021

It’s been a challenging and uncertain year for the construction industry. Accounting & Finance. Standard market surety – how contractors can swing back safely from non-standard. Greg Ragsdale. Tue, 08/24/2021 - 15:46. While it’s not always a quick fix to move back into standard surety eligibility, there are concrete steps you can take.

Finance 294

Finance Maine Accounting Concrete 294

Viewpoint Construction Technology

JUNE 5, 2018

Revenue recognition standards were recently updated by the Financial Accounting Standards Board , and these updates will have an impact in the construction industry. Understand the Effect on Construction Accounting. As we’ve discussed, the changes will definitely affect contract accounting at your business.

Contractors 227

Contractors Accounting Contract Viewpoint 227

Construction Business Owner

MAY 25, 2022

As the construction industry continues to endure the aftermath of the pandemic, project budgets continue to narrow, and preconstruction professionals are under more pressure than ever to make budgets go further. Accounting & Finance. Maximize Project Budgets With Value Engineering. Wed, 05/25/2022 - 12:30. Promote to rotator No.

Budgeting 294

Budgeting Budget Engineering Resource 294

Job Order Contracting

MARCH 2, 2025

Labor Cost Miscalculations: Failing to account for factors like overtime, labor productivity, and prevailing wage rates, significant variations if workers compensations, can result in inaccurate labor cost estimations. Cost, and VFA, Inc. to learn more and request our detailed 20-page white paper.

Estimating 147

Estimating Construction Risk Site 147

Lets Build

FEBRUARY 24, 2022

COVID-19 hit the construction industry hard. The global 3D printing market in the construction sector is expected to become an $870 million industry by 2026, according to a 2022 report. million niche industry by 2023. What accounts for the rise? Fortunately, in 2021 the turbulence has subsided. 3D printing.

Industrial 158

Industrial Construction Equipment Software 158

Job Order Contracting

SEPTEMBER 7, 2023

2 Common data environment (CDE) Use of industry standard terms and definitions , all in plain English without excessive use of acronyms or abbreviations. Local market, current , and granular construction task data organized via expanded CSI MasterFormat. .) #5

Accounting 130

Accounting Products Procurement CSI 130

GCP Applied Technologies

DECEMBER 4, 2020

Decarbonizing the Cement Industry. Cement manufacture accounts for roughly seven percent of total man-made CO2 emissions. Even without accounting for the eventual cost of carbon, the additive is providing a net value to the producer of approximately 50-60 cents per ton of cement. michael.delros…. Fri, 12/04/2020 - 15:48.

Industrial 147

Industrial Sustainability iPad Materials 147

Job Order Contracting

FEBRUARY 24, 2025

The Importance of Standardization Building collaboration, ownership, and accountability across diverse teams are fundamental prerequisites to performance improvement. In this regard standardization is an important component to enabling improved information use and sharing.

Construction 147

Construction Visualization CSI Architecture 147

Building Radar

NOVEMBER 11, 2024

The construction industry is undergoing a significant transformation, driven by an increasing focus on sustainability. In this comprehensive guide, we explore the key strategies and best practices for building a sustainable product line in the construction industry. Key Elements of Building a Sustainable Product Line 1.

Sustainability 52

Sustainability Products Industrial Construction 52

Lets Build

NOVEMBER 12, 2020

For many players in construction, the industry needs to change the way stakeholders communicate and, by extension, collaborate with each other. The new normality that was violently introduced not only to our industry but also to our societies, due to COVID-19, calls for a new approach around project management. Let’s talk numbers.

Industrial 167

Industrial Construction Project Management Claims 167

Viewpoint Construction Technology

APRIL 17, 2018

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.

Accounting 223

Accounting Contract Viewpoint Cash Flow 223

Construction Law

DECEMBER 12, 2024

The Industry Competence Steering Group (ICSG) has launched a comprehensive restructure, becoming a working group of the Industry Competence Committee (ICC) that is overseen by the Building Safety Regulator. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.

Industrial 40

Industrial Accounting News Regulation 40

Lets Build

JULY 8, 2022

In many respects, the answer to the question “How has COVID affected the construction industry?” Because this was internationally viewed as an essential industry, often taking place outside, construction companies and their staff were able to resume something approaching normal working conditions surprisingly rapidly.

Industrial 148

Industrial Construction Cash Flow Retail 148

Construction Business Owner

MAY 30, 2023

CDT As a result of economic and cultural trends, construction organizations today are increasingly relying on technologies that increase efficiency — especially in accounting departments. Older generations of workers are retiring while others are considering careers in different industries or choosing not to return to work.

Software 290

Software Software Lien Organization 290

HardHatChat

NOVEMBER 27, 2024

Over the past 20+ years, Englewood has completed over 2500 commercial construction projects in the retail, restaurant, hospitality, senior living, industrial, cannabis, and automotive sectors. This approach ensures that changes are essential, justified, and financially accounted for.

Risk 156

Risk Commercial Budgeting Budget 156

Construction Marketing

OCTOBER 16, 2023

Leverage Online Industry Tools Online industry tools are a must-have if you seek to lower construction project turnaround time and the risk of human error. Such tools also make assigning duties to your team members and tracking execution easy, enhancing accountability.

Construction 337

Construction Budgeting Budget Materials 337

Viewpoint Construction Technology

JANUARY 24, 2018

Compared to other industries, construction tends to be slow to go digital. That doesn’t mean the industry isn’t going digital at all, though. The majority of construction companies are using a variety of software solutions for accounting, project management, estimating, and other important functions. Five years ago, 22.9

Software 217

Software Software Contractors Change Orders 217

Lets Build

MAY 11, 2020

The construction industry, along with all other sectors in the world, will never be the same because of the COVID-19 pandemic. A lot of industries have adopted remote work arrangements for the past few years already. The construction industry is still one of the least digitised sectors in the world, second only to agriculture.

Industrial 178

Industrial Construction Conference Compensation 178

Construction Business Owner

OCTOBER 15, 2021

Connect to your current accounting system to schedule disbursements exactly when and how you want to improve payment efficiency. Mid-Market Account Executive, Construction Solutions. What is your current accounting system? Accounts Payable. Rotator Image. Status of webinar Featured. Thu, 10/28/2021 - 12:00. First Name.

Virgin Islands 317

Virgin Islands Sage Puerto Rico Samoa 317

Construction Today

MAY 2, 2024

This shift is crucial as the construction industry seeks to reduce its carbon footprint and embrace more eco-friendly practices. The sector currently accounts for a significant portion of global greenhouse gas… Source The post The Rise of Engineered Wood in Decarbonizing the Industry appeared first on Construction Today.

Engineering 96

Engineering Industrial Materials Sustainability 96

Construction Business Owner

FEBRUARY 11, 2025

Accounts payable (AP) automation offers a powerful solution, yet many organizations are reluctant to adopt it without a clear understanding of its benefits. Accounts payable (AP) automation offers a powerful solution, yet many organizations are reluctant to adopt it without a clear understanding of its benefits.

Accounting 156

Accounting Finance Conference Philadelphia 156

Stok

APRIL 17, 2023

This blog post was co-authored by Stok’s Director of Carbon Services Colette Crouse and students in her Masters of the Environment Carbon Accounting & Management course at the University of Colorado, Boulder: Rebecca Billingsley, Andrea Green, and Kenny Prior (see bios below).

Accounting 98

Accounting Colorado Environment Green 98

Construction Law

MARCH 14, 2025

Weaknesses in how the Department for Business and Trade (DBT) supports UK industries must be addressed if government is to maximise the impact of its forthcoming Industrial Strategy and achieve its priority mission of growing the economy, says the National Audit Office (NAO) in a new report. See the panel to the right.

Industrial 40

Industrial Accounting News Site 40