Construction Business Owner

SEPTEMBER 1, 2022

To keep costs down and timelines tight, many construction businesses implement an inventory management strategy that relies on inventory control to reduce cash burn without creating unnecessary delays. You’ll minimize inventory shrinkage with the right surveillance and inventory management systems.

Inventory 225

Inventory Resource Construction Materials 225

Levelset

JUNE 6, 2022

It can significantly impact the financial standing of contractors, especially when working on projects with a small profit margin. ABC Contractor is billing a project owner for $100,000 with 10% retention. Debit Credit Bank or cash $90,000 Retention receivable $90,000. Paul’s Masonry invoices ABC $50,000 with 10% retention.

Accounting 98

Accounting ABC Banking Liability 98

Levelset

APRIL 28, 2022

Some GCs pass the cost of the loss reserve onto the project owner and claim that amount as additional profit on the project. Let’s take a look at an example of how SDI might provide coverage on a project: ABC Builders is the general contractor building a large office complex and they have an SDI policy covering all their projects.

Insurance 52

Insurance Contractors Claims ABC 52

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. . Digital solutions have become “must” haves (vs “should” haves) for construction management over the last few years. What to Look for In Construction Management Software.

Software 105

Software Software Management Construction 105