When it comes to adopting economical and easy-to-use accounting software, many construction and EPC firms make a quick run for QuickBooks. As an open-source, entry-level accounting solution built for small businesses, QuickBooks offers a bunch of basic management tools. The software makes it easy for finance personnel to look up information, integrate data from across […]
With the construction industry subject to the tectonic shifts hitting the wider economy, the challenges plaguing the sector are only growing. It’s now fair to assume that not having the right tools and technologies in place can affect the ability of construction companies to process orders, provide services, send invoices, or track payments. As the […]
Inaccurate payments stemming from incorrect payroll decisions. Delayed salaries. Leaked data. The administrative challenges that construction companies face are many. The existence of multiple construction trade unions and contractors for construction projects and complex working arrangements doesn’t make things any easier. The situation gets further complicated by outdated payroll systems. Relying on legacy payroll systems […]
A lack of effective data sharing and simple communication can have a snowball effect on construction companies. Take, for example, what happens when a construction manager hires a contractor to install fiberglass in a new million dollar project. The contractor, who is paid hourly based on time in the field, arrives to the construction site […]
Today’s construction companies are turning toward the quickly evolving field of emerging technologies. Beyond turning toward construction management software to improve cost estimation, strengthen project coordination and increase collaboration throughout entire project, construction companies are also shifting labor-intensive jobs into digitally centered roles. Improving construction efficiency, however, isn’t restricted to the field. Rather, HR and […]
Construction projects are getting bigger and more complex. Add to it mounting pressures of labor and material shortages and increasing costs. No doubt, companies are having a challenging time managing them, and one of the biggest reasons for this is outdated record-keeping methods. The inability to track and monitor construction projects across materials, progress made, […]
Within the next five years, ninety-five percent of all workloads will be in the cloud. Facing disruptions from job automation, talent shortages and remote work trends, advanced technologies and cloud computing is becoming the preferred way of doing business. Human resources and payroll processes are not exempt. In fact, 56% of companies are redesigning their […]
An Iowa construction firm owner recently pleaded guilty to a payroll-linked legal challenge. Reports claim that the owner withheld over $1 million in payroll taxes. Unfortunately, there’s nothing unusual about reports like these in the construction industry. The question is, why? The administrative challenges of managing multiple construction trade unions and contractors for construction projects can get quite overwhelming […]
The construction sector often engages several contractors for every project to supply skilled laborers in multiple domains. While engaging general contractors is not a new thing, complexity arises when union payroll comes into the picture. With employees being free to be a part of any union they favor a construction project may involve workers affiliated […]
Standing out in an increasingly crowded global marketplace can sometimes prove to be a bit much. A hyper-connected economy and rising and evolving customer expectations are keeping businesses across verticals on their toes and increasing the need for business-impacting digital solutions. The construction sector is, like all others, a highly competitive and demanding place. In […]