Do You Need Progress Billing Software? 9 Must-Ask Questions
- Cash Management, FINANCE, Improving Productivity, Payment, TECHNOLOGY
- April 23, 2024
By Zach Richmond, Kent Companies Bidding to win is no simple ball game. The competitive field is stronger than ever, so how will you stand out among the crowd? Top subcontractors differentiate by demonstrating value up front. You can make an impact on your customers by rethinking how you bid. Start by creating a value
READ MOREWhy some projects appear to be winning when they lose at the end By Gregg Schoppman, FMI The vicious job loop. An endless cycle of misrepresentations, mistruths, and fake news. There are so many things that can go wrong in job cost reporting and the interesting thing is that most of the issues lie NOT
READ MOREBy Patrick Hogan, handle.com The construction sector is notorious for payment issues, and there are various factors that contribute to this reputation. For instance, the industry’s complicated contracting hierarchies create a complex payment process that often results in payment disputes. Unpredictable economic conditions also introduce unforeseeable financial challenges, resulting in payment bottlenecks. It is therefore
READ MOREBy Patrick Hogan, handle.com The day sales outstanding, or DSO, is one of the most important key performance indices (KPIs) in the construction business. The DSO allows you to measure how fast you convert your invoices into cash — it helps you to not only assess the health of your cash flow but also to
READ MOREby Mark Marone and Robert Graves Key Insights In a rapidly evolving business environment, a customer-centered purpose provides everyone with a true north to enact change orders effortlessly. Customer focus gives people a stable grounding as they navigate toward their objectives, even in the midst of uncertainty and unpredictability. When employees have a shared purpose
READ MOREBy Patrick Hogan, handle.com Year 2021 has been punctuated with various successes and struggles for the construction industry. While the COVID-19 crisis continues to pose challenges not only to public health but also to the economy, many construction companies have had the time to adjust accordingly and get back on their feet. However, this public
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