The Top Five Tips to Improve Profits on Construction Contracts

The Top Five Tips to Improve Profits on Construction Contracts

All businesses look for ways to improve their year-over-year earnings. For the construction industry, though, it’s especially prudent to have a consistent plan in place to keep costs low at all times. The construction space is extremely vulnerable to the overall economic health of countries, states, and even individual cities; the ability to weather an…

Construction Estimating Software: Integrated vs. Stand-Alone

Construction Estimating Software: Integrated vs. Stand-Alone

Construction Estimating for Contractors Throughout the centuries both small and large contracting projects have been accomplished using the best methods available at the time; today, contractor construction estimating is being aided by sophisticated software technology designed specifically to optimize the estimating process for contractors.   Streamlining the estimating process brings many benefits for contractors, including:…

Upgrading Inefficient Processes: Contractor Estimating

Upgrading Inefficient Processes: Contractor Estimating

The contractor estimating process is a profitable place for contractors to focus on when it comes to software upgrades. These upgrades bring tools that reduce the time it takes to formulate estimates and work to improve their accuracy. Saving time and increasing profitability are good reasons for contractors to upgrade the estimating process. Automated Tools…

Research Shows Companies Are Moving to Cloud-based Accounting Solutions

Research Shows Companies Are Moving to Cloud-based Accounting Solutions

Companies across industry sectors are transitioning to cloud-based solutions. Forbes reported that between 2016 and 2017 hybrid cloud adoption increased from 19 percent to 57 percent of organizations surveyed. That’s a three-fold growth, and trends are continuing upward. A survey conducted earlier this year found that 81 percent of enterprises have a multi-cloud strategy. The…

What is a "Dimensional Accounting" System?

What is a "Dimensional Accounting" System?

Construction professionals know that accounting in their industry is often characterized by thin profit margins and quite a bit of uncertainty. According to¬†Accenture, only 30 percent of firms currently deliver projects on budget and only 15 percent deliver on time. Imagine how improving those percentages for your company would give you a significant competitive edge.…

What Technology Trends Should Contractors Focus On?

What Technology Trends Should Contractors Focus On?

There are some very interesting and impactful technologies being developed and implemented in the construction industry; the exact impact they’ll make with everyday construction projects is yet to be fully understood. The many variables involved with predicting the future of the construction industry make it hard for contractors to know what technology trends to focus…