As a business owner, you must be willing to take calculated risks, but when it comes to the job site, contractors will find there’s much less room for taking chances. This is because, as a… Read More »How to write a construction RFI: Free template & best practices
Attention to detail is the key to completing a project successfully. From beginning to end, contractors must be meticulous in their performance. However, as a project progresses, big-picture items will whittle down to the small… Read More »Construction punch list template: Free download to simplify project closeouts
Successful projects require transparency. Project owners, however, have a lot to think about. Most of the time, they can’t share every detail or answer every question before a project gets started. When contractors eventually run… Read More »RFI construction template
When a certificate of substantial completion is issued and signed, it marks the point when the building, property, or final product can be used as intended, but minor work still remains. It serves as an… Read More »Certificate of substantial completion for construction
Time and materials contracts are flexible, open-ended agreements that bill clients based on the number of labor hours and materials used to complete a project. Labor is typically charged hourly, and clients are responsible for… Read More »Time and Materials contract: How they work & when to use one
As material and labor costs continue to rise, construction contractors are left wondering– are my jobs priced right? Answering that question, however, can be challenging; pricing is a delicate balance between charging enough to stay… Read More »How to price a construction job: contractor best practices
Job costing is a fundamental construction accounting process for tracking costs. Without it, contractors and construction companies are leaving every job up to chance without any way to measure how successful or truly profitable they… Read More »4 tips to get the most out of your construction job costing process
Improving job-level profitability requires an effective job costing system. It serves as the foundation for controlling costs, reveals where you are making or losing money, and provides the necessary insights to make better business decisions.… Read More »Construction job costing audit checklist and optimization tips
As a contractor, you need to know the how and why of your business; where and how you are making money is not always easy to pinpoint. Although job costing is essential for answering these… Read More »The essential guide to construction job costing
When it comes to job costing vs process costing, contractors may wonder which cost accounting system or costing method is best for their business. Both enable better decision-making and help keep a close eye on… Read More »Process costing vs job costing