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...
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...
