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3 Keys for Contractors to Navigate New Revenue Recognition Standards

Viewpoint Construction Technology

To help contractors prepare, Viewpoint recently hosted a webinar on how contractors can get ready for the new standards. So where should contractors start? First, contractors need to know the timeline of the new changes and what the standard includes. With these three steps: Know the Technical Standard.

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5 Ways to Prepare for New Revenue Recognition Standards

Viewpoint Construction Technology

Contractors today deal with challenging projects, often with multiple performance obligations. When implemented properly, they offer improved cash flow and better accounting insight, which benefits contractors and customers. New revenue recognition standards will require contractors to adjust accounting practices.

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State of the Construction Industry: March Roundup

Viewpoint Construction Technology

We know contractors are always looking for ways to gain a competitive edge. At Viewpoint, we work with contractors every day to help them find the best solutions for their organizations and we know these professionals are committed to improvement. Contractors are hiring. Construction Employment Growth Surges in February.

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The Role of Construction Software Technology in Mitigating Risk

Viewpoint Construction Technology

Technical and Legal and Compliance Issues. Sadly, technical, legal issues and compliance issues are the most serious of all construction disputes as these usually require intervention from arbitrators, regulatory agencies and legal experts. The Effect of On-Site Disputes.

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Using Business Intelligence to Gain a Competitive Edge

Viewpoint Construction Technology

With BI, contractors can gain actionable insights and see a clearer path to balancing the business. In Viewpoint’s latest business intelligence white paper , we outline three key areas where insights and analytics can help contractors gain a competitive edge. Risk management.

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What Causes Construction Project Delays?

Viewpoint Construction Technology

It’s both frustrating and costly for contractors when a construction project is postponed. This helps contractors complete their construction deliverables on time and within budget. As a contractor, misquoting a job estimate can be massively detrimental; some jobs are shut down for weeks, months or even dropped altogether.

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On-boarding Employees and Their Importance in Successfully Integrating New Construction Technology

Viewpoint Construction Technology

Not only is there a legal requirement to improve practices, but an ever-changing landscape, new technologies and tightening budgets compel us to enhance what we do or risk losing large projects to other contractors. Viewpoint’s JobPac is designed to help contractors work smarter and easier.

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