As someone who works closely with SMB contractors every day through implementing the LiveCosts (job costing software), I‘’ve had the unique opportunity to look under the hood of hundreds of
Construction cost overruns occur when project expenditure exceeds the approved budget. Inaccurate estimates, scope changes, delays and poor financial control can increase costs and reduce the contractor’s expected profit. Contractors
A cost value reconciliation, or CVR, compares the value of completed work with the cost of delivering it. Contractors use it to understand current profit, forecast final cost, track margin,
Commercial management in construction is the process of controlling the financial and contractual performance of a project from tender through to final account. It helps contractors manage costs, value, cash
Construction projects rarely go over budget because of one major mistake. In most cases, the final overspend develops through a series of smaller problems. An incomplete drawing creates a variation.
Cost value reconciliation (CVR) is a monthly construction accounting process that compares the value of work done on a project with its cost to date, then forecasts the final cost
Electrical contractors need software that does more than keep the lights on or organise jobs on a calendar. The right system should help power your business by keeping you connected
CIS stands for Construction Industry Scheme. It is a tax deduction scheme run by HMRC that applies to contractors and subcontractors across the UK construction industry. Contractors are legally required
Construction forecasting matters more today than ever before. Material prices shift quickly with the CSO Wholesale Price Index for Building and Construction Materials reporting an increase of 129 in April