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
Financial Management
Construction Cost Overruns: 5 Ways to Control Them
Construction cost overruns don’t just happen; they stalk projects right from the start. They hide in project design, project schedules, and nearly any other project aspect, waiting to surprise and confound when least expected.
The Role of Asset Management in Construction
In construction, the initial planning and subsequent follow-through of the project get most of the focus. This means, however, that little thought is often given to what happens once the project is complete. In other … about The Role of Asset Management in Construction
Money Talks…Why Does Yours Keep Saying “Goodbye”?
Subcontractors have bigger challenges with cash flow than many other construction project participants; they are close to dead last in the payment line, and their work progress is easily affected by others. The relationship subs … about Money Talks…Why Does Yours Keep Saying “Goodbye”?
A Look Inside Public Private Partnerships
Simply put, a public-private partnership, or P3, is an arrangement through which a public entity transfers most or some of the risk of a major project to the private sector. Broadly speaking, any joint effort … about A Look Inside Public Private Partnerships
Groundbreak 2018: A Look Inside Construction Financials
An estimated 3,000 construction professionals are gathering this week in Austin, Texas for one of the industry’s largest construction technology summits: Procore’s annual Groundbreak conference, which runs from Nov. 13-15, will offer thought-provoking educational opportunities … about Groundbreak 2018: A Look Inside Construction Financials
What You Might Have Wrong About Lien Waivers
Lien waivers are probably the single most misunderstood payment document there is in construction. Which is kind of funny, because lien waivers are everywhere in construction.
Is Your Business Prepared for the Next Recession?
With many experts suggesting the possibility of another economic downturn in the not-so-distant future, today’s financial climate has many construction financial managers asking what they can do to better prepare for the next recession.
CFMA Coverage: WIP Best Practices for Construction Financial Managers
Each year, the Construction Financial Management Association (CFMA) holds its premier conference that explores and addresses the ever-changing challenges that construction financial managers face everyday. Jobsite was at the CFMA 2018 Annual Conference & Exhibition … about CFMA Coverage: WIP Best Practices for Construction Financial Managers
Reducing Insurance-Related Costs with Construction Technology
Over the past several years, the construction industry has been positively booming with new technology. Traditionally, construction has been one of the least digitized industries, so there was plenty of room to grow.
