Construction Blog
Last update February 2024 86% of construction professionals experience stress from slow payments and cash flow problems. This creates a chain reaction of financial hardship for the construction companies, resulting in reduced profits, project delays, etc. But hold on; why should this be the case? Getting your construction invoicing payments on time can be a […]
Construction Blog
Did you know that the average general contractor markup on labour is 25% and higher, and on materials, it can be as high as 50%? What does this imply for your business as a builder? Considering these average markup percentages, it’s essential to ask yourself: Are you charging enough to impact your profitability positively, or […]
Construction Blog
Are you in search of Buildxact alternatives to delve into the uncharted territories of construction project management? While Buildxact may be a go-to solution for some industry players, sometimes even the most reliable tool in our digital toolbox needs an upgrade. To help you find the perfect match for your project management, we have assembled […]
Construction Blog
One of the most desired situations for any builder is to have an estimated budget as close to the true cost as possible. The more accurate the planned budget, the easier and faster project completion will be. However, the construction industry is all about uncertainties and unexpected things popping up during the project. So, it’s important […]
Construction Blog
At some point, construction project management becomes a complex and expensive task. As the project evolves, keeping track of your finances every step of the way is crucial. An older report provided by McKinsey claims that larger projects typically take over 20% longer to finish than the scheduled timeframe. This leads to cost overruns that […]
Construction Blog
Construction project management requires careful planning and execution to achieve the desired results. While most short-term projects may not require a detailed construction budget, for anything more complex, precise budget planning is a crucial step that can make or break the project. What’s all the fuss about? Construction budgeting is not as simple as allocating […]