Niall Brennan

Nitty-Gritty Contractors manage CIS invoices in Xero by splitting every subcontractor invoice into labour and materials, coding each line to the right CIS account, and letting Xero calculate the deduction

Main contractors manage material purchase orders (POs) by checking each request against the package budget, approving spend before ordering, controlling changes, recording deliveries and matching supplier invoices to the agreed

Committed costs affect your remaining budget because you have already agreed to spend that money. To see how much budget you have left to allocate, subtract actual costs and outstanding

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

A bill of quantities BoQ describes and measures the work required for a construction project. Contractors use the listed quantities to price the work, prepare tenders and provide a detailed

The main difference between a commercial manager and a quantity surveyor is their responsibilities. A quantity surveyor (QS) typically manages project costs, valuations and contracts, while a commercial manager oversees

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

Reducing construction project costs starts with accurate estimates, smarter procurement, efficient labour use, and better control over spending. Contractors can save money by comparing supplier prices, preventing material waste, reducing

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

Purchase orders update committed costs by recording money that a construction business has agreed to spend before the supplier invoice becomes an actual project cost. A purchase order raised against

The best construction management software should solve the parts of project delivery that create the most friction for your business. That could mean controlling project costs, coordinating RFIs and drawings,