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The Importance of Accounting Estimates in an Uncertain Economy

Construction Business Owner

The Importance of Accounting Estimates in an Uncertain Economy ccapoccia Tue, 05/16/2023 - 13:49 “A journey of a thousand miles begins with a single step,” was the saying of Lao Tzu, an ancient Chinese philosopher. These estimates provide management with a foundation to effectively interpret costs, profitability and bid processes.

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Safety First, Bidding Next: How Safety & Compliance Wins Contracts

Safety Services Company

Two contractors working for a construction firm bid for projects in the same city —we’ll call them Mark and Bob. In this blog, we’ll explore precisely how safety and compliance and its management can help you win contracts. Naturally, companies are likely to pursue bids from contractors who are at a lower risk. Consider this!

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The Blueprint for Better Expense Management

Construction Business Owner

The Blueprint for Better Expense Management. How your company pays for purchases and manages expenses impacts your employees, your customers, and your key business metrics, including profitability. In this white paper, we’ll share how to modernize your expense management process to: Help employees work more efficiently.

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4 Mistakes to Avoid in Construction Bidding

Viewpoint Construction Technology

MCM is a CPA firm with a team of accountants dedicated to construction accounting. One of the biggest stumbling blocks, though, is often at the beginning of a project – during bidding – but there are key areas to avoid in order to make sure your teams stay on track. What advice do you have when it comes to bidding?

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Construction project management 101 – Checklist

Lets Build

The term construction project management can be used to describe a vast number of tasks, roles and responsibilities. Additionally, the basics and essentials of budgeting, finance, organisation, scheduling, conflicts, and legal issues are also covered by the project manager. Construction Management 101. The basics.

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Job Order Contracting versus Design Bid Build

Job Order Contracting

Job Order Contracting versus Design Bid Build can help to measurably improve construction productivity, quality, delivery times, and overall satisfaction for all participants. Job order contracting saves significant time and improves quality, consistency, and overall satisfaction vs. traditional design-bid-build. Higher productivity.

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A Guide to Contractor Management and Prequalification

Safety Services Company

Every hiring client seeks suppliers that meet and exceed expectations regarding safety , work ethics, and project management. You must maintain your accounts on the relevant platforms, keep track of regulations, and keep your staff updated with the latest advances in safety protocols. Let’s dive into a few of them: 1.