Construction Business Owner
MAY 30, 2023
The Associated Builders and Contractors projects the construction industry will need to add an estimated 546,000 workers in addition to the normal pace of hiring in 2023 to meet demands. In 1999, he began a sales career that included both internal and external sales.
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.
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Construction Marketing
SEPTEMBER 9, 2021
Each project will consist of an intricate network of contractors and subcontractors that must be on the same page in order for important construction goals and milestones to be reached. Delays of even a few hours early in the build begin to compound, with weeks added to the project in some cases as contractors are forced to reschedule. .
Levelset
FEBRUARY 11, 2022
Contracts are almost never paid up front, so contractors provide labor, materials, and equipment on credit with their customers. Contractors can track retainage in an account called Retention Receivable , Retainage Receivable , or Accounts Receivable – Retainage. Managing Accounts Receivable in QuickBooks. Select Reports. .
Lets Build
APRIL 6, 2022
Large upfront costs and long waiting periods between payments are a normal occurrence; retainage adds to this cash flow problem for contractors and project managers. The retainage definition is simple – it’s the percentage of a contract’s price that’s withheld from a contractor. Retainage percentages and negotiations.
Fieldwire
SEPTEMBER 5, 2023
Due to the size and complexity of most construction projects, contractors often need to supply additional proof of their work to prove to the owner or general contractor (GC) that they deserve to get paid. But a pay app is actually a collection of supporting documents that first and second tier contractors submit to request payment.
Levelset
FEBRUARY 14, 2022
These amounts withheld from project payments can be a challenge, since they often account for a contractor’s entire profit margin on a job. This is especially true if your accounting software isn’t tailor-made for construction companies (like QuickBooks). Read more: The ultimate guide to construction accounting.
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