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A Practical Guide to Construction Accounting Software

Autodesk Construction Cloud

Construction accounting software is a must-have, but may seem daunting to implement new solutions if your accounting technology hasn’t kept up with the complexities of your growing business. That includes accounting. Sure, accounting may have a bit of a reputation for being mundane.

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What are Preliminaries in Construction Contracts?

Lets Build

Most construction companies, project managers , and contractors will deal with preliminaries in their construction contracts. We’ll define preliminaries in construction, discuss what prelims are, and gain an understanding of what preliminary costs are included in a construction contract. What do preliminaries in construction mean?

Contract 144
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Service Management Construction Software | Construction Manager Software

Viewpoint Construction Technology

Spectrum ® Service Management Construction Software streamlines your service operations for a better customer experience. With Spectrum’s Service Contracts solution, you have the tools to ensure that no service commitments slip through the cracks. Generate proposed and executed contracts. Automatically bill per contract terms.

Software 130
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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. These holdbacks need to be accounted for by every party to a project: owner, general contractor, and subcontractor. The rate of retention is stipulated in the construction contract and can often be negotiated.

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Seven Traits of Profitable Specialty Contractors

Fieldwire

Anyone who has managed a construction company, department, or project knows profitability can be challenging. Intense competition, fluctuating market conditions and other factors often result in tight profit margins. Even with numerous challenges, specialty contracting can be profitable. Consistent Contracting Practices.

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Why You Need Integrated Construction Software

Viewpoint Construction Technology

Having integrated software is key to your success as a modern contractor. Without software that connects your back office, project team and field staff, it’s too easy to miss project deadlines. Integrated software (like Viewpoint’s Jobpac Connect ERP ). Data must be delivered to office and re-keyed into software.

Software 130
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Breaking Down Regional Silos to Gain Efficiencies and Increase Profitability

Autodesk Construction Cloud

We’re also seeing that some general contractors have a “standard” or assumed profit per project with an assumed percentage/cost for general conditions because they don’t fully know the cost of the people they are billing to jobs. Let’s look at an example we’ve seen firsthand with one of our Florida-based customers, Spartan Contracting Co.