Construction bookkeeping is the process of recording and organising a construction company’s financial transactions while keeping relevant income and costs connected to individual projects. It covers everyday financial records such as supplier invoices, subcontractor payments, labour costs, customer invoices and bank transactions. For UK contractors, bookkeeping can also involve construction-specific requirements and contract processes such […]

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. That variation delays a subcontractor. The delay extends plant hire and site supervision. Materials must be stored for longer, while another trade charges for returning […]

Only 31% of UK construction projects finish on budget. Nine out of ten experience some form of cost overrun. And 25% of construction companies face insolvency risk because of poor financial visibility. Those numbers do not exist because contractors are bad at their jobs. They exist because most contractors find out a project is losing […]

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 to every project’s financial performance. From controlling job costs and managing purchase orders to tracking labour, wiring supplier invoices into the right jobs, and keeping […]

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 to deduct a percentage from what they pay subcontractors and send that money straight to HMRC as an advance on the subcontractor’s tax and National […]

Check out the best invoicing software for contractors. We compare features, pricing, and reviews of top tools.

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 to 131 in May with costs set to rise. Labour costs have also increased from 32.62 to 33.39 according to the CSO. Margins on many […]

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