by Chris Magsambol | May 22, 2025 | Blog
Nobody wants to waste resources on a bad subcontractor hire. With every new hire, there’s worry about incomplete work, payment problems, or job site delays. This article will explain the key financial metrics in the construction industry that help you...
by Chris Magsambol | May 21, 2025 | Blog
What’s the difference between a successful project and a financial disaster? Reporting. Construction firms without clear and accurate reports are left making important decisions based on unreliable data. Expectedly so, this leads to delays, budget overruns, and...
by Chris Magsambol | May 20, 2025 | Blog
Construction companies have managed projects the same way for years—handwritten logs, spreadsheets, and old-school accounting software. But as projects become more complex, relying on outdated systems leads to errors, wasted time, and lost profits (without companies...
by Chris Magsambol | May 19, 2025 | Blog
For a good reason, construction is often considered one of the hardest industries to manage cash flow. You’re dealing with large project costs, delayed payments, change orders, retainage, and seasonal slowdowns—all of which can make or break your cash position....
by Chris Magsambol | May 16, 2025 | Blog
Construction equipment is getting more expensive. As of early 2025, construction machinery and equipment prices are up 0.3% from just a month ago and 0.8% higher than at the start of 2024. Equipment costs have jumped more than 30% since early 2020. If you...
by Chris Magsambol | May 15, 2025 | Blog
Most construction firms don’t go out of business overnight. They make small, unnoticeable mistakes over time that end up hurting their bottom line. A few extra labor hours here, a material delivery that costs more than expected there, and before you know it, your...
