Contractor Bookkeeping

APRIL 26, 2024

In the world of small businesses, positive cash flow is king. The driving force keeps your business engine running smoothly, covering all your liabilities. But what happens when outflow exceeds inflow? Cash flow problems ensue, threatening the survival and growth of your construction business. These cash flow problems can originate from various sources, including macroeconomic issues like recessions, natural disasters, wars, and microeconomic problems like business decisions and performance.

Cash Flow 78

Cash Flow Liability Construction Accounting 78

Job Order Contracting

APRIL 26, 2024

Cost visibilty and transparency promotes a culture of collaboration and informed decision-making and can ensure greater efficiency across the facilities management and AECOO sectors. Improving construction cost estimating requires collaboration, transparency, and a robust process. An essential aspect is sharing objective, local market, granular labor, material, and equipment costs.

Industrial 130

Industrial CSI Estimating Construction 130

Construction Dive

APRIL 26, 2024

The real estate giant will leverage the tech firm’s spatial property data of 12 million spaces and 38 billion square feet across 177 countries.

Deals 76

Deals 76

Wolgast Corporation

APRIL 26, 2024

Determining If the Cost Will Be Offset by the Benefits The breakdown of advantages vs. disadvantages for LEED © certifying your medical office is easy – it’s energy cost savings, environmental responsibility, plus marketing position (to name a few) vs. cost. While it’s quite hard to pinpoint what the additional cost truly is over traditional construction, a quick internet search indicates that building owners could pay an additional 0-15% for a sustainable building.

Office 62

Office 62

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The Verdantix Green Quadrant: EHS Software 2023 is an independent third-party analysis of 23 EHS software vendors (including Intelex) that provides an in-depth look at the technical capabilities, application breadth, innovation focus, and momentum of key environmental, health, and safety management software market players. The guide is essential reading for EHS software benchmarking, especially for understanding unique vendor strengths and capabilities.

Software

Construction Dive

APRIL 26, 2024

While still awaiting funding approvals, the new complex would replace the historic Soldier Field and is part of a larger park and recreation project.

Chicago 76

Chicago Plans 76

Construction Dive

APRIL 26, 2024

Helena P. Finley is currently leading the construction of 20 projects in eight regions for San Antonio-based Embrey.

San Antonio 67

San Antonio Construction 67

Construction Law

APRIL 26, 2024

High levels of financial distress in ‘bellwether’ sectors construction and real estate point towards a troubled UK economy, according to the latest Red Flag research from Begbies Traynor, and many in distress are expected to become insolvent over the coming year. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.

Accounting 52

Accounting News Construction Site 52

NH Construction Law

APRIL 26, 2024

“An agreement to arbitrate may be unenforceable if pursuing a claim in arbitration is so cost prohibitive that it prevents a party from vindicating its rights.” With that opening sentence, the Texas Supreme Court in Lennar Homes of Texas, Inc. v. Rafiei , 2024 WL 1470909 (April 5, 2024), recently rendered an opinion worth noting by all residential contractors, including in New Hampshire, who insert arbitration clauses with fee-splitting provisions in their contracts as a strategy for

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Construction Law

APRIL 26, 2024

The Competition and Markets Authority (CMA) is claiming a comprehensive victory from a judicial review of decisions made by the Competition Appeal Tribunal (CAT) relating to search warrants. 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.

Accounting 52

Accounting News Claims Site 52

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As the use of Enterprise Resource Planning systems in the construction industry is critical to optimizing operations, it's critical that decision makers conduct a thorough software evaluation to find the one that best aligns to their needs.

Industrial

ENR Construction

APRIL 26, 2024

Attorneys observing the case had noted the possible pitfalls of Flatiron's strategy of fighting on two legal fronts at the same time in the dispute.

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Construction Law

APRIL 26, 2024

A report from construction, property and management consultancy Rider Levett Bucknall (RLB UK) suggests that construction has moved to more negotiated procurement activity as contractors grapple with supply side concerns but are not widening their supply chain in response. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.

Procurement 52

Procurement Negotiation Accounting News 52

ENR Construction

APRIL 26, 2024

We recently spoke with construction and utility leaders who are uniting digital inspection technology with GIS data to create more informed, accurate, and collaborative digital inspection workflows.

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Construction Law

APRIL 26, 2024

Kent house builder MHS Homes was fined £528,000 after an employee repairing a fence post struck an underground cable, suffering burns to his face. 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.

Risk 52

Risk Accounting News Site 52

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Choosing the right procurement software is a crucial step in ensuring third-party risk management, process governance, and bidding efficiency. With so many procurement solutions to choose from, it can be overwhelming without a frame of reference and a solid starting point. This free buyer’s guide will cover: Benefits of Procurement Software –– Why do you need it?

Procurement

ENR Construction

APRIL 26, 2024

Time and time again, studies prove that the vast majority of humans are visual learners and need to see information in order to better retain it.

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Construction Law

APRIL 26, 2024

The Scottish Government is to consider raising a tax on developers to help fix building safety issues using powers secured from the UK Government. 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.

Accounting 52

Accounting News Security Site 52

ENR Construction

APRIL 26, 2024

As e-Bidding software rose in popularity, so did another industry trend: design-build contracts over the traditional unit-price model.

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Construction Dive

APRIL 26, 2024

Sean McGarvey, head of the labor alliance, praised the president’s “laser-like focus” on infrastructure, manufacturing and middle-class jobs.

Infrastructure 72

Infrastructure 72

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Anything that is built on a poor foundation will soon crumble from the ground up. This is literally the case in the construction stage of projects and it applies just the same during the pre-construction stage. This free eBook is your ultimate guide to scaling your business with customizable software as early as during the bidding stage.

Contractors

ENR Construction

APRIL 26, 2024

Ryan Haynes, 37, was killed last October when a mobile crane on a road project toppled and its boom struck him.

Roads 36

Roads 36

ENR Construction

APRIL 26, 2024

The nonbuilding sector rose 7%, but nonresidential construction fell 9%.

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