ProcurementExpress.com

JANUARY 2, 2019

In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. This front-loading process is known as over-billing.

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

ProcurementExpress.com

JANUARY 2, 2019

In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. This front-loading process is known as over-billing.

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

Construction Cost Estimating

APRIL 25, 2019

As soon as the project is procured, estimate details flow automatically into Sage business management software, removing unnecessary tasks and data entry errors. Sage Estimating also facilitates forecasting the labor, raw material and other overhead costs so that the contractors can arrange & deliver correct bids.

Bidding 40

Bidding Estimating Software Software 40

Autodesk Construction Cloud

JANUARY 31, 2022

It has now been well documented across the media and there are test-cases that can prove increasing investment in construction technology will lead to increased company efficiencies, reduced overhead costs and help companies build a scalable and sustainable future. Ann Blanchard, Senior Client Project Manager, Arcadis.

Construction 97

Construction Autodesk BIM Modeling 97