Contractor Bookkeeping

APRIL 26, 2024

In the world of small businesses, positive cash flow is king. The driving force keeps your business engine running smoothly, covering all your liabilities. But what happens when outflow exceeds inflow? Cash flow problems ensue, threatening the survival and growth of your construction business. These cash flow problems can originate from various sources, including macroeconomic issues like recessions, natural disasters, wars, and microeconomic problems like business decisions and performance.

Cash Flow 101

Cash Flow Liability Construction Accounting 101

Job Order Contracting

APRIL 26, 2024

Cost visibilty and transparency promotes a culture of collaboration and informed decision-making and can ensure greater efficiency across the facilities management and AECOO sectors. Improving construction cost estimating requires collaboration, transparency, and a robust process. An essential aspect is sharing objective, local market, granular labor, material, and equipment costs.

Industrial 188

Industrial CSI Estimating Construction 188

Construction Dive

APRIL 26, 2024

While still awaiting funding approvals, the new complex would replace the historic Soldier Field and is part of a larger park and recreation project.

Chicago 154

Chicago Plans 154

Contractor Magazine

APRIL 26, 2024

The nation’s top mechanical contractors face a host of challenges. But by partnering with customers, reaching out to their communities, and empowering employees, 2024 sees all the pieces in place for success.

Contractors 91

Contractors 91

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Construction project managers face constant challenges, from delayed schedules to fragmented workflows. CMiC’s ERP transforms how projects are managed, providing a unified system for financials, scheduling, and collaboration. With tools for real-time insights, cost control, and document management, CMiC empowers managers to make confident decisions.

Construction

Construction Dive

APRIL 26, 2024

The real estate giant will leverage the tech firm’s spatial property data of 12 million spaces and 38 billion square feet across 177 countries.

Deals 147

Deals 147

Construction Dive

APRIL 26, 2024

Helena P. Finley is currently leading the construction of 20 projects in eight regions for San Antonio-based Embrey.

San Antonio 133

San Antonio Construction 133

ENR Construction

APRIL 26, 2024

Attorneys observing the case had noted the possible pitfalls of Flatiron's strategy of fighting on two legal fronts at the same time in the dispute.

Denver 72

Denver Legal 72

Wolgast Corporation

APRIL 26, 2024

Determining If the Cost Will Be Offset by the Benefits The breakdown of advantages vs. disadvantages for LEED © certifying your medical office is easy – it’s energy cost savings, environmental responsibility, plus marketing position (to name a few) vs. cost. While it’s quite hard to pinpoint what the additional cost truly is over traditional construction, a quick internet search indicates that building owners could pay an additional 0-15% for a sustainable building.

Certification 62

Certification Office Green United States 62

ENR Construction

APRIL 26, 2024

Ryan Haynes, 37, was killed last October when a mobile crane on a road project toppled and its boom struck him.

Accidents 66

Accidents OSHA Mobility Roads 66

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

Cash Flow

Construction Law

APRIL 26, 2024

High levels of financial distress in ‘bellwether’ sectors construction and real estate point towards a troubled UK economy, according to the latest Red Flag research from Begbies Traynor, and many in distress are expected to become insolvent over the coming year. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.

Accounting 52

Accounting News Construction Site 52

NH Construction Law

APRIL 26, 2024

“An agreement to arbitrate may be unenforceable if pursuing a claim in arbitration is so cost prohibitive that it prevents a party from vindicating its rights.” With that opening sentence, the Texas Supreme Court in Lennar Homes of Texas, Inc. v. Rafiei , 2024 WL 1470909 (April 5, 2024), recently rendered an opinion worth noting by all residential contractors, including in New Hampshire, who insert arbitration clauses with fee-splitting provisions in their contracts as a strategy for

Agreement 40

Agreement New Hampshire Texas Claims 40

Construction Law

APRIL 26, 2024

The Competition and Markets Authority (CMA) is claiming a comprehensive victory from a judicial review of decisions made by the Competition Appeal Tribunal (CAT) relating to search warrants. 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.

Accounting 52

Accounting News Claims Site 52

ENR Construction

APRIL 26, 2024

Time and time again, studies prove that the vast majority of humans are visual learners and need to see information in order to better retain it.

Visualization 36

Visualization Construction 36

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Designed specifically for construction finance professionals, CMiC’s ERP delivers the tools needed to manage projects with precision. Integrated job costing ensures real-time visibility into expenses, while automated progress billing accelerates cash flow. Revenue recognition compliance tools automate revenue recognition, and powerful analytics provide actionable insights.

Cash Flow

Construction Law

APRIL 26, 2024

A report from construction, property and management consultancy Rider Levett Bucknall (RLB UK) suggests that construction has moved to more negotiated procurement activity as contractors grapple with supply side concerns but are not widening their supply chain in response. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.

Negotiation 52

Negotiation Procurement Accounting News 52

ENR Construction

APRIL 26, 2024

As e-Bidding software rose in popularity, so did another industry trend: design-build contracts over the traditional unit-price model.

Bidding 36

Bidding Software Software Contract 36

Construction Law

APRIL 26, 2024

Kent house builder MHS Homes was fined £528,000 after an employee repairing a fence post struck an underground cable, suffering burns to his face. 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.

Risk 52

Risk Accounting News Site 52

ENR Construction

APRIL 26, 2024

We recently spoke with construction and utility leaders who are uniting digital inspection technology with GIS data to create more informed, accurate, and collaborative digital inspection workflows.

Inspections 36

Inspections Construction 36

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

Accounting

Construction Law

APRIL 26, 2024

The Scottish Government is to consider raising a tax on developers to help fix building safety issues using powers secured from the UK Government. 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.

Accounting 52

Accounting News Security Site 52

Construction Dive

APRIL 26, 2024

Sean McGarvey, head of the labor alliance, praised the president’s “laser-like focus” on infrastructure, manufacturing and middle-class jobs.

Infrastructure 143

Infrastructure 143