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 […]
Anirban Basu, chief economist for Associated Builders and Contractors, will present Construction Executive’s “2024 Q1 Construction Economic Update and Forecast” on Wednesday, March 27, at 2 p.m. ET (11 a.m. PT). Crafted with commercial contractors in mind, Basu’s presentation will offer up-to-the-minute economic data, including the cost of labor and materials, top market sectors and […]
Anirban Basu, chief economist for Associated Builders and Contractors, will present Construction Executive’s “2024 Mid-Year Construction Economic Update and Forecast” on Wednesday, July 10, at 2 p.m. ET (11 a.m. PT). Basu returns for a review of the first half of 2024 and a look toward 2025 and beyond. As always, he will offer insights […]
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 […]
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.
