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Financial Management

Working just within a client’s Procore account? There’s so much more to discover

March 6, 2023 by Brian Davis

Many specialty contractors have been introduced to Procore after using it through their clients' accounts. But, while there are plenty of benefits to being a guest user on another's account, accessing Procore features are limited … about Working just within a client’s Procore account? There’s so much more to discover

Categories: Cover Stories, Featured, United States Tags: Connected Data, Financial Management, Specialty Contractors, Workforce Management

Project Financials: Narrowing the Gap Between Office and Field Teams

September 27, 2022 by John Biggs

In the construction business, precision counts. Working with thin profit margins means contractors must constantly walk a fine line between profitability and busting their budget, so everything from material deliveries to how labor is distributed … about Project Financials: Narrowing the Gap Between Office and Field Teams

Categories: Cover Stories, Featured, Technology, United States Tags: Financial Management, Project Financials

Rule Number One as an Exec Overseeing Capital Projects: No Surprises

June 28, 2022 by Ken Blakeley

Every construction project involves risk, and managing that risk while protecting a company’s profit margins, reputation, and people is just one of a CFO’s many responsibilities. In order to ensure a company doesn’t bite off … about Rule Number One as an Exec Overseeing Capital Projects: No Surprises

Categories: Business, Featured, United States, World Tags: CFO, Collaboration, Construction Financials, Contractor Financing, Financial Management, Project Management, Risk Management, Thought Leadership

Top Reasons for Project Margin Erosion and How to Avoid Them

July 16, 2021 by Willow Aliento

Margin erosion is currently one of the major factors generating financial strife among many construction firms, according to risk analysts Equifax. Flaws in communication processes and protocols, particularly when dealing with back charges and variations, … about Top Reasons for Project Margin Erosion and How to Avoid Them

Categories: Australia, Business, World Tags: Financial Management

Identifying and Eliminating Profit Fade

June 11, 2021 by John Biggs

Construction companies work with thin margins on the best of days, and the post-pandemic challenges of the industry have many businesses scrambling to revamp processes and do more with less to protect their bottom line … about Identifying and Eliminating Profit Fade

Categories: Australia, Business, Canada, Featured, United States, World Tags: Financial Management

What Comes Next for Cost Management in Construction

April 7, 2021 by John Biggs

Last year brought about rapid changes to just about every business segment on the planet, and all industries, including construction, are still finding their footing in a post-pandemic world. Part of this ongoing recalibration includes … about What Comes Next for Cost Management in Construction

Categories: Australia, Business, Canada, Featured, United States, World Tags: Cost Management, Financial Management, Procore

5 Ways to Take Control of Your Costs

April 7, 2021 by John Biggs

With the economy still in flux and complex demands on stakeholders across the construction industry showing no signs of slowing down, controlling costs is more important than ever. The best strategy for keeping costs in … about 5 Ways to Take Control of Your Costs

Categories: Australia, Business, Canada, Featured, United States, World Tags: Cost Management, Financial Management, Procore

Estimating Construction Costs Like A Pro

April 20, 2020 by Duane Craig

The artful practice of construction cost estimation doesn’t just come from your technical excellence. Here’s the disciplined way to make your construction cost estimating an art.

Categories: Business, Featured, United States, World Tags: Business Plan, Financial Management, Project Management

Construction Contracts: Important Basics on What You Need to Know

March 30, 2020 by Duane Craig

Whether you are a contractor, owner or subcontractor, the knowledge of different types of construction contracts will help you choose the best one for each project type.

Categories: Business, Featured, United States, World Tags: Financial Management, General Contractors, Owner, Payment, Subcontractor

What You Need to Know About Retention Payments in Construction

March 3, 2020 by Willow Aliento

One of the biggest headaches for many builders, particularly on larger projects, is keeping track of what is due to whom and when. Australia’s recent laws protecting payments to subcontractors, have added another layer of … about What You Need to Know About Retention Payments in Construction

Categories: Australia, Business, Featured, World Tags: Construction Scheduling, Financial Management, Project Management

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