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
Financial Management
Rule Number One as an Exec Overseeing Capital Projects: No Surprises
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
Top Reasons for Project Margin Erosion and How to Avoid Them
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
Identifying and Eliminating Profit Fade
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
What Comes Next for Cost Management in Construction
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
5 Ways to Take Control of Your Costs
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
Affordable Housing: Here Is How It Could Be Done
Many in the construction and development sectors are calling for greater investment in affordable housing as part of economic stimulus following the COVID-19 downturn. The South Australian Government has already put it on the agenda, … about Affordable Housing: Here Is How It Could Be Done
Estimating Construction Costs Like A Pro
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.
Construction Contracts: Important Basics on What You Need to Know
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.
What You Need to Know About Retention Payments in Construction
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
