Construction Blog
The construction industry is enormous, ranking among the largest sectors in the world economy. The worldwide construction sector is projected to achieve an approximate value of $10.5 trillion by 2023, experiencing a steady growth rate of 4.2% annually. This upward trend is anticipated to persist, leading the industry to reach $12.9 trillion by 2028, with […]
Construction Blog
Construction accounting is a unique branch of accounting that reflects the specific financial needs of contractors and construction companies. It’s not a parallel universe, but it’s worth knowing some important differences between construction accounting and other types of business accounting. Construction projects are usually larger and more complex than other types of business venture. So, […]
Construction Blog
If you want your construction company to succeed in big projects and meet the expectations of your clients, knowing how to manage your construction subs is a must. The quality of your project largely depends on them, and if you fail to choose the right construction subs and oversee them properly, the construction rework is […]