Levelset

JUNE 6, 2022

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. Steven Peterson.

Accounting 98

Accounting ABC Banking Liability 98

Autodesk Construction Cloud

JULY 7, 2022

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

Software Software Management Construction 105

Construction Business Owner

SEPTEMBER 1, 2022

It’s the careful balancing of stocking enough inventory to meet your construction company’s needs without unnecessarily tying up cash — is an essential component of keeping your business running profitably and productively. ABC classification (also known as the 80/20 rule) can help you determine what inventory to focus on first.

Inventory 226

Inventory Resource Construction Materials 226

Autodesk Construction Cloud

APRIL 18, 2023

Enhanced ERP and Accounting Integration Most construction firms use ERP systems to manage essential cost-related areas, including accounting and procurement. By connecting your critical financial data between accounting and operations you can ensure that manual processes and duplicate data entry get eliminated and processes become streamlined.

Autodesk 52

Autodesk Construction Budgeting Budget 52