Fri.Aug 09, 2024

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Financial Statements Demystified: A Practical Guide For Contractors

Contractor Bookkeeping

Understanding financial statements might sound daunting, but small business owners like you must stay on top of your game. Each financial report offers unique insights into your company's economic status. As a construction contractor, your financial statements provide valuable insights into your company's financial health and are essential for making informed decisions.

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Owners push more projects into planning

Construction Dive

Driven by expectations of an imminent interest rate cut, momentum is building across many major sectors, according to Dodge Construction Network.

Plans 159
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FAA Delivers $636M to Airports for Runway Work, Other Upgrades

ENR Construction

Many of the grants from the FAA's Airport Improvement Program will go for runway and taxiway improvement work.

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Woven in stone: The role of CMUs in architectural design

Construction Specifier

Photos courtesy RSP Architects By John Cicciarelli Supima Cotton is an Arizona-based nonprofit trade association that has represented cotton farms and monitored distribution of extra-long staple cotton since 1954. The organization recently built its new headquarters in Tempe, Ariz. The site is situated on the outskirts of South Mountain Park Preserve, allowing for sweeping views of the diverse desert landscape and surrounding mountain vistas, while maintaining easy access to Arizona State Univer

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Optimize Construction Projects with CMiC’s Industry-Leading ERP

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.

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Suntec Concrete Named 2024 Southwest Specialty Contractor of the Year

ENR Construction

The Southwest Construction Views blog examines the current events, issues and challenges of development, design and construction in the Desert Southwest

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The Modern kitchen Design Ideas All Homeowners Love 

Civiconcepts

Coming up with a new design for your household can take some effort as you try to determine what would work best for you and your lifestyle.

IDEA 52
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Market engagement starts on major reservoir projects procurement strategy

Construction Law

Anglian Water has issued a Periodic Indicative Notice (PIN) to start market engagement for £5 billion of works for its Fenland and Lincolnshire reservoir projects. 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.

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Building a Winning Sales Team in a Challenging Housing Market

ENR Construction

Sales is a tough job. But for those working in today’s housing market, with 30-year mortgage rates north of 7.5% and the median home price hovering just below $400,000, getting buyers to sign on the dotted line is a major challenge.

Housing 36
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Most building safety regime professionals now registered

Construction Law

Most building control professionals completed registration with the Building Safety Regulator (BSR) by the 6 July deadline extension. 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.

Safety 52
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Breaking Ground on Better Payment Processes: Strategies for Construction Pros

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.

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Legal Update: New Laws in Florida and Texas

ENR Construction

Florida and Texas have signed new bills into effect recently. In both cases, the changes create new opportunities for home builders to reduce risk.

Florida 36
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EPA unveils labels for green construction materials

Construction Dive

The program will support the Biden administration’s Buy Clean Initiative to boost lower-carbon building products.

Materials 159
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ENR California Announces 2024 Best Projects Excellence in Safety and Sustainability Winners

ENR Construction

This blog examining California construction will ask questions, give you previews of what is to come in ENR California and report on what we are hearing, reading and seeing in the state's construction industry.

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The 4-1-1 on 2-10 Warranties: Answering Builders’ Top 5 Questions

ENR Construction

Builders are no strangers to 2-10 home warranties—and with good reason. This critical coverage is the only way to protect builders from the long-term risk of major structural claims.

Claims 36
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Simplify Complex Financial Workflows with CMiC’s Powerful Tools

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.

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5 Steps to Better Risk Management for Builders

ENR Construction

Just as important as building quality homes is knowing how to protect them—and the rest of your business assets—along the way.

Risk 36
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3 Ways Home Builders Can Evaluate Market Risk

ENR Construction

Is another home building bubble ready to burst? Are record-setting home prices primed for a steep decline? Is demand still outpacing supply or have conditions changed?

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Risk Shift on Infrastructure Projects Includes Bigger Mobilization Payments

ENR Construction

From Tutor Perini to ACS Group, risk control is gospel. But Tutor Perini reports that it is being granted substantial mobilization payments on large infrastructure projects; Ronald Tutor; Juan Santamaria Cases.