Improving Profits on Construction Contracts

Improving Profits on Construction Contracts

Improving Profits on Construction Contracts Construction firms are always looking for ways to cut costs while delivering value and improving profits. However, in a competitive market, this is no easy task. Fortunately, there are many tried and true ways for firms to improve profits that do not require too much radical change. There are a…

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…

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…

8 Things to Consider when Drafting the Scope of Work Clause in Your Construction Contract

8 Things to Consider when Drafting the Scope of Work Clause in Your Construction Contract

We doubt we need to convince you, a contractor, how important it is to negotiate the terms of a contract between you and the buyer of your services. You know that the contract will protect your right to payment for work done. There’s a particular part of the construction contract, however, that we would like…

Software Solutions for Smaller Contractors

Software Solutions for Smaller Contractors

Did you know that the world’s most widely used business software, Microsoft Excel, is 30 years old? Though Excel is a relatively old dog in this digital world, it is still very popular in the construction industry for estimating, scheduling, and other project management activities. Spreadsheet pros and cons. Excel spreadsheets are familiar, easy to use and…

How Smaller Contractors Can Improve Year-Over-Year Profits

How Smaller Contractors Can Improve Year-Over-Year Profits

Smaller contractors rarely have the resources to set off a major overhaul in a short time. But, in an industry so tied to overall economic health (and therefore volatile) as construction, it’s not uncommon for contractors to run into unexpectedly tight finances. In these situations, contractors have to figure out ways to improve year-over-year profits…