With the right software tools, you can easily monitor and track the delivery of materials to the site to ensure that your construction project runs smoothly.
Why generic accounting software isn’t the best fit for construction companies.
In this blog we discuss 6 methods the role of Accounts Payable can contribute to cost tracking on a construction project.
Here are the nine most significant ways that plumbing businesses have told us that LiveCosts helps their projects stay profitable.
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 deadlines in the past three years.
Materials management is one of the most time-consuming, labour-intensive aspects of any electrical project.
It’s not just construction materials that are experiencing record inflation – wage inflation is driving up the cost of projects across Ireland and the UK.
It seems like materials costs are going up every single day. Across Europe, materials costs have reached a 40-year high – with many contractors not able to purchase some materials at all. During Covid, many supply companies didn’t just slow down – they went bust, and new ones that are planned to open will only […]
When you ask a Building contractor what is keeping them awake at night, the reason they will give you is almost always the rise in Inflation for Construction Costs and when it will end. They have good reason to feel anxious. The Construction Leadership Council’s Product Availability Statement in May reported that “price inflation remains […]
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. The accounts payable function is processing, verifying, reconciling and paying invoices in an appropriate amount if time. In construction the role can be extended to matching invoices to Purchase Orders […]