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 […]
Processing payroll can be difficult and time-consuming for any business. But nothing seems to compare to the challenges of construction and union payroll processing. Whether it’s tracking hundreds of unions across multiple projects, managing multiple pay rates and departments, properly applying multi-state and local taxes, or keeping up with compliance and reporting, construction companies face […]
As the construction sector grows, unifying data across fields, sites, and contractors is crucial to achieving end-to-end visibility into contracts, clients and financial books. But with most companies still using entry-level financial accounting software, which does not provide accurate project accounting.the issues in reconciliation of contract billing and costs at the end of the month and […]
As a construction company, how do you manage business finances? Do you use in-house systems or outsource this function to an external resource? The reality is that most businesses use a variety of resources to manage their financial accounting. The challenge of getting what is needed from these varied systems is even greater for the […]
We’ve all seen (or been) contractors or project managers relying on an Excel spreadsheet for construction project management. Excel is ubiquitous in the sector. But, if we’re being honest, using a spreadsheet for construction tracking is merely reflective of slower than necessary digital adoption within the sector. Globally the construction industry is one of the […]
Establishing a new building – either residential or commercial is not a small task. Since there are so many aspects of a construction project, be it design, exteriors, interiors, electrical fitting, or plumbing, it requires some legally-binding agreement. All the terms related to a construction project should be included in it so that the involved […]
Handling a construction project is a tough nut to crack. Many people think of these jobs to be governed by only two parties – the client who wants to hire professionals for a project and those who can be seen working on a construction site. However, in reality, there are several stakeholders involved, be it […]
“Perfection has to do with the end product, but excellence has to do with the process.” – Jerry Moran This famous quote is quite indirectly related to the global construction industry. What is visible to the eyes is the increasing number of high-rise buildings and skyscrapers. In terms of market size statistics, the global construction […]
The construction industry was responsible for employing about seven million people in the US in 2020. However, labor shortages and increased project costs are challenging the status quo. As per the US Bureau of Labor Statistics, more than 400,000 positions on construction projects were unfilled as of October 2021. And amid a national shortage of specialized labor, contractors also […]