The LiveCosts Blog
Regular updates on construction news, industry trends, and more.
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Most Recent Posts
How To Choose The Right Construction Accounting Software For Your Company
In our accounting series of podcasts ‘What is the best accounting software for your construction company’, we discussed Xero, Sage and Quickbooks in detail, highlighting the
Accounts Payable Doesn’t Belong On Spreadsheets
Accounts payable in construction refers to the money due to suppliers and subcontractors. It includes all types of costs, such as overhead, direct and indirect.
6 Tips For Keeping Your Construction Budget On Track
In a recent survey by KPMG, they found that just 31% of projects came within 10% of budget and just 25% within 10% of original
Construction Overheads & 5 methods to allocate them
What are Construction Overheads? Construction Overheads refers to costs that cannot be directly attributed to one project, but instead are costs related to running the
5 Steps for a Successful Construction Project Budget
A construction budget is a statement of the amount of money that is available to spend over a period of time, or on a specific
Simple Scan In LiveCosts
Invoice processing is a pain and more so for contractors with the level of invoices they receive on a monthly basis. Manually keying in invoice
How Does LiveCosts Benefit Construction Companies Using Xero?
Add to the power of Xero with a seamless connection to LiveCosts. LiveCosts will create and track all of your construction costs and let Xero
LiveCosts Feature – Catalogue and Project Specific Pricing
Let’s take a look at some of the recent upgrades around the LiveCosts catalogue. A general problem we encounter is businesses can have too many
What Impact Will Material Shortages And Price Increases Have On Construction Projects?
Panellists: Ciaran Brennan, Michael O’Donohoe, Ronan Brennett, Paul Mulvihill, Colm O’Callaghan, John Devereaux What Impact Will Material Shortages And Price Increases Have On Construction
What Will 2021 Bring For Irish Home Builders, Developers And Construction Companies?
Panellists: Ciaran Brennan, James Benson, Tomas MacEoin, Peter Finn, Keith Kelliher What Will 2021 Bring For Irish Home Builders, Developers And Construction Companies?
5 Considerations for Improving Construction Material Procurement
Procurement is a term describing the purchasing process for goods and services. In building construction, material procurement is the process by which the materials required
8 Methods to track construction project costs and increase profitability
According to a study from KPMG, just 31% of all projects came within 10% of the budget in the past 3 years. Tracking and understanding
Spreadsheets Can Hurt Your Profit And Ability To Track Costs
Manual reporting isn’t just data entry, it’s collecting information, transitioning it into new formats such as graphs, Powerpoint and a PDF. It’s having to create
How Can We Improve Construction Productivity & Profit?
With the ‘new normal’ introducing more restrictions to our labour force, we need to be aware of a potential decline in our productivity. Saving costs
What is Livecosts?
We have written blogs on many construction related topics in this series. We thought it would be good to answer a question we get asked
Choosing The Right Construction Accounting Software
After our recent podcast with Stephen Kinch (Kalc Accounting), we at Livecosts thought that it was worth digging a little deeper into this topic. Stephen
Excel For Construction, Is It The Most Powerful Software We Can Use?
Excel is arguably the most powerful product in the Microsoft Office suite, and it’s not hard to see why. With over 1 billion users, it’s
4 Reasons Construction Software Is A Saving, Not A Cost
Work practices within the construction industry have been static for many years. Did you know that construction is the second least digitised industry only just