Answers to the accounting and project management questions contractors run into every day—job costing, retainage, change orders, submittals, RFIs, business structure, and more.
One of the first and most critical decisions that any new business will make when starting out is what type of structure to adopt. Whether…
Are you looking for the right construction software to help your business run more efficiently? With so many options available on the market, it can…
In construction projects, retainage refers to the portion of payments that project owners or general contractors temporarily withhold from contractors or subcontractors. Sometimes referred to…
Labor burden refers to the total cost a business incurs to employ someone beyond their base wages or salary. These indirect expenses—including taxes, insurance, benefits,…
In construction, job costing is the process of tracking and accumulating project-specific expenses—such as materials, labor, equipment, subcontractors, and allocated overhead. As one of the…
Preconstruction is the preliminary planning phase of a construction project where owners and architects—often in collaboration with a contractor—define the project’s scope, budget, and schedule…
While architectural blueprints provide the overarching vision for a build, they rarely specify the exact manufacturer data, fabrication methods, or physical paint colors required for…
In the construction industry, reaching the end of a build doesn’t mean the job is finished. Before a project can officially close out, the project…
Because modern construction projects involve complex webs of stakeholders, the RFI acts as the primary communication bridge between the job site and the design team.…
Handling out-of-scope work without a clear process often leads to payment disputes and tension with clients. A change order connects the original contract to what…
In both commercial and residential construction, the general contractor serves as the central command hub of the build. While the property owner provides the vision…
Introduction to Construction Accounting Successful construction companies use a different accounting approach than other businesses. In many industries, companies focus on a single business location…
If you run a construction business by lumping expenses into broad categories like “materials” or “labor,” you will never know exactly where a project is…
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