While bookkeeping in the construction industry can be challenging due to its many considerations, it’s an essential part of successfully running a construction firm. Here’s what you need to know about bookkeeping for construction companies.
Knowing exactly who is responsible for what job is important to navigating the complexity of construction projects. Documentation outlining required work not only provides guidance to workers regarding expectations but ensures that the project will meet its main goals and objectives.
Construction projects are often large and complex, and as a result, are subject to various types of documentation and agreements. Defining the responsibilities and rights of each contractor in writing is crucial for a project’s success.
A construction schedule of values (SOV) is important for managing cash flow, a critical project component that becomes more crucial the larger the venture is. In addition to assisting with project progress tracking, an SOV can ensure that everyone is paid on time.
Having a discernible plan can go a long way when starting any project. A construction project management plan creates well-defined objectives, organizes tasks, and provides guidance and direction towards an achievable goal. With the construction industry facing unprecedented changes in 2025 – from AI integration to acute labor shortages – having a comprehensive project plan
Learn about the various construction superintendent certifications out there and the organizations offering them.
Bridgit, the leader in construction workforce intelligence technology, today announced an integration with Unanet CRM by Cosential that will allow customers to overlay their project pursuits and workforce planning.
When subcontractors retire or when construction firms expand, new labor must be hired, which is why project managers will need to know how to hire a subcontractor.
Flooring decisions can affect the appearance and atmosphere of homes and commercial properties, which is why having competent professionals do the job is vital to the project’s success.
Learn more about construction quality management certifications, who offers them, and the benefits of becoming certified in this area.
