Category: Business

According to a recent study, 85% of project owners in the construction industry are digitizing their internal processes, and 70% are already instructing their contractors and sub-contractors to use digital flows, documentation, and collaboration practices. It is a huge step because the construction industry has not particularly been an early adopter of digital technology. The industry has, […]

While announcing a slew of measures to improve the economic outlook of the country, President Biden announced in February of 2022 that all federal projects over $35 million in value need to follow Project Labor Agreements (PLA). But even before this announcement for federal projects, the construction industry witnessed a massive push by the administration to execute […]

Even in an era where layoffs are common, the shortage of skilled labor continues to be a top concern for companies in the construction space. While the growing skills gap is one of the major reasons for this shortage, labor disputes also have an impact. Disagreements regarding conditions of employment, benefits, hours of work, tax […]

If you think your construction company can achieve growth and success through manual processing and ad hoc systems, think again! For small companies at the start of their journey, growth might come easily – even in the absence of technology. As your company matures and expands, it will become evident that the only way to […]

The construction industry may well be at the top spot if we were to rank industries on the basis of complexity in compliance. It is easy to assume that the sector follows very simple workflows, and hence compliance shouldn’t be too much of a problem. But the reality is far from this notion! Many areas […]

Construction companies on the path to enhanced efficiency are quick to automate processes, bring in new workforce productivity solutions, and up their analytics game. But not many realize that if there is one function that requires immediate attention, it is payroll management! Effective payroll management is a crucial aspect of every business, especially in the construction […]

Digital transformation is slowly gaining momentum in the construction industry. There is growing evidence all around that technologies are being adopted both on-site, where the actual construction is taking place, and at the corporate headquarters and the regional offices. These technologies are increasing efficiency and productivity by streamlining workflows. For example, workflow and project management […]

In the context of payroll processing, Microsoft Excel has been a standard, universally employed tool. It promised to be easy to use and offered capabilities for companies that didn’t deal with complex labor or tax laws. In the past, advanced payroll software was also not easily available, and what was, was just too expensive. But […]

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 […]