by Chris Magsambol | May 2, 2025 | Blog
A comprehensive analysis revealed that 98% of construction projects go over budget, with an average increase of 80% compared to the original plan. That’s a serious problem, and it can quickly eat into profits. In this article, we’ll cover clear, practical...
by Chris Magsambol | Apr 30, 2025 | Blog
Most contractors don’t lose $250,000 in a single day. They bleed it slowly through missed change orders, unallocated labor hours, and subcontractor bills that somehow never match the original estimate. This is because too many firms are still using accounting software...
by Chris Magsambol | Apr 29, 2025 | Blog, Construction Accounting Tips
Let us paint a picture for you: Your construction company lands on a huge contract. You check, and the numbers seem solid, so you start working. What once was your ‘winning’ project feels like a financial nightmare you can’t wake up from. Soon after, the material...
by Chris Magsambol | Apr 22, 2025 | Blog
Just like every other field, AI is making waves, and why not? It’s a leap forward in how we build things. Construction has always been about efficiency—getting more done with less waste, fewer delays, and better quality. AI fits right into that. We’ll look...
by Charles Merwin | Apr 11, 2025 | Blog
What Is a WIP Schedule in Construction? Nearly 9 out of 10 large-scale construction projects (85.5%) are delivered late, with almost a quarter (22.7%) being more than 250 days behind schedule. To stay on track, construction companies use a Work-in-Progress (WIP)...
by Derek Alfonso | Feb 14, 2025 | Best Practices, Blog, Construction Accounting Tips, Thought Leadership
The construction industry is experiencing a digital transformation driven by big data analytics. Since the advent of computerization in the 1990s, data-driven decision-making has revolutionized business operations across sectors. The construction industry, while...
