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The Unique Challenges of Procurement Planning for Construction Companies

ProcurementExpress.com

For one, project management is huge—we recommend investing in a project management program specific to the construction industry. Select something that allows for office staff, project managers, executives, and those in the field to access the tool—from anywhere. Project Management.

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The Rise of Business Intelligence in Construction

Viewpoint Construction Technology

Business intelligence in its simplest terms is the gathering of data — largely produced through construction management and project management software — and sorting and analyzing it to make intelligent business decisions.

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The Unique Challenges of Procurement Planning for Construction Companies

ProcurementExpress.com

For one, project management is huge—we recommend investing in a project management program specific to the construction industry. Select something that allows for office staff, project managers, executives, and those in the field to access the tool—from anywhere. Project Management.

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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

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. WIP is one element of an inventory account.

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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

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. WIP is one element of an inventory account.

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Rory Woolsey's Construction Estimating Blog: A New Year in.

Rory Woolsey

I have figured that I have facilitated about 8,500 hours of classes on estimating, Job Order Contracting, and project management related topics. Rory Woolsey has worked in Management and Engineering for the construction industry for 35 years, starting as a construction laborer in Billings, Montana, in 1972. Labor Productivity?

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Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Outflows for your Construction Company are generally the result of paying labor, material, other direct and indirect costs of goods sold and overhead expenses. Inventory - Is excess materials or supplies your Construction Company keeps on hand to meet your customer’s needs. Keep your inventory as low as possible.