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 But as projects become more complex, relying on outdated systems leads to errors, wasted time, and lost profits (without companies...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...
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...
