Construction Pay Application – Template & Easy Billing Guide for Project Managers

  Construction payment applications are simple, everyday project management tools. In essence, construction payment applications are documents that state the contracted schedule of values, frequency of submitting monthly work progress, and previous approved payments, and are ultimately  requests to the contacting party to accept the work and provide payment. There are a number of formats …

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Construction Project Management, Techniques and Tools

Would you like to know more about construction project management and tools? If so, then this article is for you. Let’s go through the definition of project management and the tools you need to achieve a solid success rate in the construction industry. How do we define project management? First of all, let’s start with …

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Practical Project Accounting Guide for Managing Large Scale Projects

Project accounting is a specialized form of accounting that corresponds to the ever-evolving needs of project delivery. It helps adequately track, report and analyze financial results and implications. In other words, project accounting is simply accounting on a project-by-project basis, whose responsibility falls on the project manager to track all financial components of any project …

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5 Ways for Successfully Contracting Business

 “Opportunities don’t happen. You create them.” – Chris Grosser Business contracts are part of every company’s daily requirements, from face-to-face handshakes and verbal agreements to specialized parties in written form. Both can work well, but if you are contractor struggling to find the right path for successfully contracting business, the following methods can help take your …

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The Importance of Cost Control in Project Management

When it comes to cost control in project management, it can be challenging to forecast and manage project costs effectively. In fact, there is news every day about construction projects going over budget and time, yet this is avoidable with strong cost management. Project cost management sets the baseline for project costs. Effective cost management …

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