What is construction subcontractor management? According to the Design Buildings wiki, contracting is the activity of constructing a building in accordance with a pre-agreed set of requirements. We can extend this description to construction subcontractor management as well. So that the main contractor is the one who is contracted by the client and also subcontracts …
10 Tips for Managing Construction Subcontractors Read More »
The increase in material costs makes it harder for construction companies to manage their budget. A recent report shows that prices of construction materials had a 19% increase this year. You must find other ways to reduce project expenses if you want to earn more. The best way to do that is to invest in …
The Importance of Job Costing Software for The Profitability of Construction Companies Read More »
What are construction cost codes? Construction cost codes are the defined list of codes that are used for tracking, managing, reporting on the amounts, quantities, budgets, profit, and other account information associated with the job. What is AIA? The American Institute of Architects (AIA) is a professional association with approximately 90,000 members who are licensed …
Online construction software has changed the industry works. In addition to how the software is used, the purchasing of software has also changed. The end-users have enough power to decide what tools are used since they eventually want to make their life easier. For construction, it has made safety and financial processes much more efficient …
6 Benefits of using Online Construction Software Read More »
Intro Construction accounting software is used to keep track of transactions that the company has been part of. Construction companies can also automate some reporting tasks depending on how trade-specific the tool is. In the earlier stages of construction or contracting company, it is perfectly fine to get by via e-mail and paper documents. As …
What’s the Best Construction Accounting Software? Read More »
Intro to Construction Accounting Construction accounting is a different form of accounting than for many regular companies. Construction accounting is usually rather project-based instead of doing bookkeeping on the whole company level. This becomes even more crucial when you are a contractor company and have multiple clients. You probably want to know the P/L (profit/loss) …
