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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. Retention receivable and payable is different from accounts receivable and payable. View profile.

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How Inventory Control Saves Construction Teams Resources

Construction Business Owner

Take the time to sit down, review consumption over similar jobs, calculate what you really need, account for what you already have left over from previous jobs, and place a reasonable order at the right time. ABC classification (also known as the 80/20 rule) can help you determine what inventory to focus on first.

Inventory 226
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The Small Business Guide to Construction Management Software

Autodesk Construction Cloud

Their teams and budgets are leaner, so every investment must be carefully considered—particularly when it comes to tools like construction management software. . In this guide, we’ll offer insights to help you navigate the realm of small business construction management software. What to Look for In Construction Management Software.

Software 105