Digital transformation is now top of the agenda for many construction firms, becoming a high-priority initiative to maintain competitiveness in a tough market. Hear experts discuss recent construction survey results and the current state of digitization in the sector, with a strong emphasis placed on construction workflows and business processes.
In an era of unprecedented technological advancement, the construction industry is rapidly evolving through the integration of data-driven insights. The power of automation and data analytics is transforming traditional construction practices, offering unparalleled opportunities for improved efficiency, cost savings and project outcomes. However, cultivating a future-proof, strategic finance team isn’t a linear path. Finance leaders […]
Even with a strong backlog, poorly managed cash flow can be problematic for a contractor. Slow invoicing, unexpected expenses and late payments from customers can cause serious cash-flow issues. Contractors that are disciplined in their management of contracts, billings, collections and report reviews are able to ensure that their business maintains a strong cash position.
While the construction industry has lagged somewhat in the adoption of enterprise resource planning (ERP) software, this is changing as digitalization reaches every business sector. A window of opportunity is open for construction firms that adopt digital business processes before their competitors—including purpose-built ERP software. A construction ERP system sets a foundation that digitizes and […]
In this session, Construction Data Strategist Meena Abdelkodoos will discuss practical advice for leveraging data analytics to drive better decision making across your construction business.
Work in progress (WIP) is key to construction job costing—allowing contractors to proactively manage their jobs and businesses. Learn how you can analyze and leverage WIP reports to effectively run your business.
Are you interested in optimizing cash flow? Learn how an accurate and timely Work-in-Progress (WIP) report allows you to stay on top of every project and maximize profitability.
Anirban Basu, chief economist for Associated Builders and Contractors, will present Construction Executive’s “2024 Construction Economic Update and Forecast” on Wednesday, Dec. 13, at 2 p.m. ET (11 a.m. PT). Crafted with commercial contractors in mind, Basu’s presentation will reflect on an unusual year—one that started with high inflation and fears of an impending recession […]
Change orders are an inevitable part of doing business as a contractor and can often mean more revenue. However, when mismanaged, change orders can be time-consuming and disruptive to the relationship between the contractor and their customer. Contractors that have mastered the art of managing change orders are capable of increasing their revenue while minimizing […]
In today’s rapidly evolving construction industry, the daunting trio of challenges—recruitment, retention and sustainability—significantly impacts profitability. A recent survey found that 88% of construction companies face difficulties in sourcing qualified workers, causing delays in 66% of projects. This webinar aims to address these critical issues by presenting an innovative solution: simulation training for heavy equipment […]
