Why Cloud Based Construction Accounting Software Solutions Are on the Rise

Why Cloud Based Construction Accounting Software Solutions Are on the Rise

The construction industry is known for being much slower than most business spaces to adopt new technology. And it’s for a good reason: quickly changing standards in trendy directions can and often does lead to inefficient execution of jobs and even unsafe conditions in the workplace. In construction, it’s most important to get the job…

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.…

How to Improve Profits on Construction Contracts

How to Improve Profits on Construction Contracts

Improving profits on construction contracts can help your business succeed and put more money in your pocket. The key to any successful business is correct pricing. There are tips for pricing that can drive more business through your doors as well. This article will look at ways to improve profits on each contract and techniques…

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…

How to Save Costs by Reducing Last-Minute Client Change Orders

How to Save Costs by Reducing Last-Minute Client Change Orders

Of all the frustrating costly things that can be involved in a construction project, change orders are by far the most problematic. While some change orders can’t be avoided, as the project reveals a necessary change in plans to reach completion, an unfortunate and problematic number of last-minute changes come from the client themselves. They…