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All construction contractors have experienced bad debt's financial pain, which is defined as a customer who refuses to pay no matter what you do. We've been there before, and it will probably happen again in the future. Owning and operating any business, including accounting, means sometimes you provide goods and services and not get paid. Knowing The Answers Helps.
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The future of construction is sustainable, efficient, and cost-conscious. This guide offers a practical roadmap for reducing material waste, optimizing energy use, and integrating sustainable design principles. Discover how innovative construction firms are leveraging circular economy strategies, digital tracking, and energy-smart building solutions to reduce expenses and stay ahead of regulatory shifts.
If you are a public sector owner looking to put an end to underperforming facilities projects and excessive administration costs, rethinking job order contracts might be a good idea. Rethinking Job Order Contracts to drive best value facilities repair, renovation, maintenance, and new build outcomes. What is Job Order Contracting (JOC)? Job order contracting is a project delivery method that was developed to expedite the numerous repair, renovation, maintenance, and “minor” new construction proj
If you are a public sector owner looking to put an end to underperforming facilities projects and excessive administration costs, rethinking job order contracts might be a good idea. Rethinking Job Order Contracts to drive best value facilities repair, renovation, maintenance, and new build outcomes. What is Job Order Contracting (JOC)? Job order contracting is a project delivery method that was developed to expedite the numerous repair, renovation, maintenance, and “minor” new construction proj
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Chose the right Job Order Contract Platform to achieve significant benefits with minimal administration costs. Chose the wrong one, and you will likely pay hundreds of thousands to millions of dollars for “JOC services” and do little more than automate previous poor business practices. People, Principles, and Process Drive Best Value Outcomes.
Take your construction business to the next level with our comprehensive 2025 funding guide! Whether you're managing seasonal cash flow challenges, dealing with unexpected equipment repairs, or planning to scale your operations, securing the right funding is essential for success. This guide explores a range of fast and flexible financing options tailored for construction businesses.
The Covid-19 Pandemic has changed nearly everyone’s life in one way or another, especially the way we conduct work. For many, this change came in the way we work, specifically learning how to work remotely. With the need to hold “face to face” conversations, millions of us have adapted to video conferencing, fueling the rise of platforms like Zoom or Microsoft Teams.
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Avoiding construction cost overruns is best accomplished by, Getting the front-end of capital investments right, including using reliable reference class information to create unbiased cost estimates. The more localized and granular the information the best. Optimally a locally researched detailed unit price cost book (UPB) is used. The UPB should be updated to include the most recent labor, material, cost,, and productivity information available.
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Are you using MS Project, Excel, or WhatsApp to stay on top of your programme? Many project managers, like you, choose to rely on these tools to manage their project schedules. Good as they are, none of these tools is made for running construction projects with a lot of repetition. Imagine that you work on a hospital, apartment block, or even a roadwork project.
I always tell owners, builders, architects, and engineers to forget construction cost estimating accuracy. I would also avoid estimators and, or cost data providers that claim to provide accurate construction cost estimates. Why? There is no such thing as an accurate construction cost estimate. For an estimate to be “accurate”, it must be “correct and true in every detail.” Accuracy is referring to “the state of being exact or correct” Being accurate, and/or a
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.
Home appliance manufacturer LG Electronics will add another shift, creating 334 jobs and bringing total employment at its Clarksville, TN operations to about 1,000. - Read: LG Electronics Investing Additional $20.5M In Tennessee at BusinessFacilities.com.
I’ve never been happy with the name of my (possibly) most essentials of tools. Not even 30 years ago when I first started associating with it, even though at the time both the Arch part and the CAD part were positive terms. Just did not have the right ring. Sure, names are such subjective things, aren’t they? And who am I to criticize a name, having burdened one of my children with one that is unpronounceable by most of the population she comes across?
The root cause of cost overrun, is the fact that DoD teams keep underestimating scope changes and complexity in project after project. Unfortunately DoD leadership supports facilities cost problems by mandating dated, ‘ad-doc’ processes. While planners, cost estimators, and other professional are generally well aware of the factors that impact “capital projects” and how they may be mitigated, the fundamental cost estimation methods are flawed, dated, and ‘ad hocR
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