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Monitoring Your Financial Position to Succeed in the Construction Industry

Viewpoint Construction Technology

While many businesspeople swear by hard work and technical proficiency as the key ingredients of success, within the construction industry, there is a broader understanding that success is built on more than just structural expertise and hard work. Sometimes this erodes profit, but in some scenarios, it can mean losses or even worse.

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A Giant That Is (Still) Creeping Through the Construction Industry: Digitization

Building Radar

However, digitalisation in the construction industry is developing more slowly than in other industries. In our article, we have already described 20 construction industry trends to watch in 2020.Today Artificial Intelligence In general, artificial intelligence (AI) will positively change all areas of the construction industry.

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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. Industry News. Industry Statistics. I would like to share the following tips to use before approaching the bank(s) or other financial institutions for additional financing, and some non-bank financing options. Banks are attracted to profitable business. General Management.

Banking 120
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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. Industry News. Industry Statistics. Healthy Competition » Free Webinar on Reducing Profit Fade. The buzz at this year’s ConExpo-ConAgg certainly indicated that this is a hopeful time for the construction industry, or at least a time of cautious optimism. General Management.

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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. Industry News. Industry Statistics. All businesses that purchase, finance, and/or lease less than $2 million in new or used business equipment during tax year 2011 should qualify for the Section 179 Deduction. General Management. Software & Technology. Construction Law. People Management.

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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. Industry News. Industry Statistics. Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. There’s a name for these situations: “profit fade.” The profit you calculate when bidding a job can fluctuate dramatically as work progresses.

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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. Industry News. Industry Statistics. Querying different type of jobs in job costing to look at profitability by type. General Management. Software & Technology. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Resource Center.