What Software Tools Does Your Construction Startup Need? Tools like staffing and payroll are standard for any startup, but up-and-coming construction companies have unique needs that other industries don’t require. For instance, a startup in a different industry will not necessarily need software that will allow them to create bids or project estimates, but a […]
Do You Fall Above or Below Typical Contractor Overhead and Profit? How can contractors discern whether or not their company is successful if they’re not well-versed in industry averages? Understanding how industry averages for contractor overhead and profit relate to your construction company is the first step toward obtaining the best results possible. When contractors […]
Managing Risk in Specialty Trades It is only natural for specialty contractors to have concerns regarding risk management. Unforeseen risks can raise uncertainty and negatively impact the entire project, leading to strained client relationships and reduced profitability. On the bright side, contractors in specialty trades can mitigate this risk with the proper construction software. Cloud-based […]
Construction Management Software for Builders and Contractors Competition within the construction industry grows more fierce by the minute, and industry professionals must approach each project in an organized manner to remain competitive. Cloud-based construction management software allows general and subcontractors to make data-based operational decisions, control project costs, and collaborate with team members with a […]
Consistently ensure that your construction projects are on the right track for their schedule and budget with earned value analysis.
Construction is a challenging and competitive industry, yet one that is arguably lacking in the use of metrics and critical cost analysis to drive financial performance.
Many contractors in the construction industry rely on Cost to Complete (CTC) forecasts in order to gauge the financial health of their projects. A seemingly less prevalent, and possibly less understood, alternative is to use Earned Value (EV).