Business
Top Construction Accounting Software Options for Contractors
Managing job costs, cash flow, and profitability is no small feat in the construction industry. That’s why choosing the right construction accounting software is crucial for contractors who want to
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Conditional vs. Unconditional Lien Waivers: Which to Sign & When
A subcontractor finishes a billing period, submits the pay application, and a waiver form comes back with the payment paperwork. It looks routine. It is routine. But whether that document says
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Construction Lien Waivers: Types, Risks, and Best Practices
Every month, subcontractors across the country sign away one of the most powerful legal protections they have. Often they do it without reading the document closely, and sometimes before the money it
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ProNovos and Adams Brown Partner to Expand Financial Technology and Thought Leadership for Construction Companies
ProNovos, the construction intelligence platform, today announced a new partnership with Adams Brown, Strategic Allies and CPAs, a top 50 U.S. construction accounting firm.
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Over/Underbillings in Construction: A Practical Guide to Calculating and Managing Them
Understanding over/underbillings can significantly influence the financial health and cash flow of a construction project.
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Building Your Own AI Financial Tool? Here’s What Contractors Are Missing
AI made it look easy. Point a model at your ERP, ask it to pull WIP, forecast, and cash flow into one view, and you have a financial intelligence tool. That is the pitch a lot of contractors are
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The Calm Before the Storm: What Subcontractors Should Be Doing Right Now About Cash Flow
The numbers are in, and they're not exactly reassuring.
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Construction Invoice Factoring: A Complete Guide for Specialty Subcontractors
If you're a specialty subcontractor, you already know the problem: you mobilize crews, buy materials, and carry payroll for weeks, sometimes months, before a payment lands in your account. Retainage
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The Three Pillars of Construction Cash Flow Every Contractor Needs to Understand
Construction cash flow is one of the most persistently misunderstood disciplines in the industry. There's a myth that if your jobs are profitable, your business is healthy.
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What is Revenue Recognition in Construction?
"Billings do not equal revenue in construction accounting."
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The Four Reports Every Contractor Needs to Master Cash Flow
Most construction companies are sitting on a goldmine of financial data and never fully use it. Job cost reports, aging reports, cash flow statements: they get run at month-end, glanced at, and
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Mo’ Money Mo’ Problems for Subcontractors
Growth is supposed to fix your cash flow problems, right? More revenue, more runway. That's how it works in almost every other business. But ask any subcontractor who has doubled their project load
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What Is Construction Retainage? A Complete Guide for Contractors
Construction retainage, also called retention, is the portion of a contractor's earned payment that a client intentionally withholds until project completion or a defined milestone is reached
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Where Cash Gets Stuck And What to Do About It
Cash flow is one of those topics every contractor knows matters, but rarely gets discussed until there is a problem. By then, the options narrow and the pressure is already on.
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5 Cash Flow Questions Every Subcontractor Should Answer Before Signing a Contract
Every subcontractor has been there: you win a job, mobilize your crew, start pulling materials, and then reality sets in. The first pay app won't be submitted for four to six weeks. Even after
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Inside Construction Project Cash Flow: Inflows, Outflows, and Timing
In Part 1, we established a core reality of construction finance: cash flow is won or lost at the project level. Each project operates as its own business, with its own billing cycle, payment risks
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Construction Factoring: A Practical Guide for Subcontractors
On most construction projects, the money moves last. Labor is scheduled. Materials are purchased. Equipment hits the site. Payroll runs every week, whether the owner has paid or not. The work gets
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Why Construction Cash Flow Is Won or Lost at the Project Level
In construction, cash flow is not managed at the company level. It is earned, delayed, or lost one project at a time.
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Why the “Do-It-All” ERP Is a Myth in Construction
Last fall, I spent a lot of time on the road speaking at CFMA regional conferences and the AICPA Construction and Real Estate Conference. In conversation after conversation, one theme kept coming up.
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2025 Wrapped: The Metrics, Milestones, and Stories That Shaped Our Year
This past year was an important one for ProNovos and for many of the contractors we work with. Across the industry, teams continued to look for better visibility into their numbers, clearer
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A Beginner’s Guide to the Schedule of Values in Construction
A Schedule of Values (SOV) can sound technical when you first encounter it, but it is one of the core financial tools used on construction projects. At its simplest, a Schedule of Values is a roadmap
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Good vs. Bad Working Capital in Construction Finance
Not all working capital is created equal. Working capital keeps construction businesses alive, but not all working capital works for you. A contractor can show $1 million in working capital on paper
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How to Improve Working Capital in Construction: QuickPay vs Other Options
Cash flow keeps construction projects moving, but working capital keeps the business alive. It covers payroll, materials, and mobilization long before the first draw hits your account. Yet many
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Connecting Data, Decisions, and Cash Flow at Converge 25
ProNovos joined hundreds of contractors and construction leaders at Converge 25, Foundation Software’s annual conference that was hosted in Las Vegas this year. The event brought together industry
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Accounts Payable: A Strategic Advantage for Contractors
Most contractors don’t think of accounts payable (AP) as a competitive advantage. It’s often lumped into back-office tasks instead of being recognized as a driver of cash flow and a key factor in
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Schedule of Values in Construction: Structure Them to Protect Cash Flow
Picture this: it’s Friday, payroll is due, and the materials you ordered weeks ago just hit the jobsite. The vendor wants payment now. Meanwhile, you won’t even send your invoice until the 20th, and
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How to Buy Construction Technology Without Regret
Technology has become a critical part of running a successful construction business. The right solutions can help you forecast more accurately, pay subs on time, and give your project teams the
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10 Things Your CPA Wishes You Did — Advice From Top 100 Firms
The construction industry runs on tight margins, complex projects, and constant change. That’s why your CPA is one of your most valuable business advisors. At the 2025 Construction Intelligence
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Inside Our Inaugural Construction Intelligence Summit
On August 4, 2025, we hosted our first-ever Construction Intelligence Summit at Smith + Howard’s office in Atlanta. We brought together 50 professionals from across the construction industry. From
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Can You Afford Not to Have QuickPay in Your Back Pocket?
Without momentum, nothing gets done in construction. Crews stall, schedules slip, and progress grinds to a halt. One delay can create a chain reaction, costing time, money, and the confidence of your
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Understanding S-Curves in Construction Project Forecasting
Construction projects are complex, with many moving parts and competing priorities. One of the simplest and most effective tools for monitoring progress and staying on top of cost and schedule
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Construction Billing Methods and When to Use Each One
Before work begins on a construction project, it’s important to establish how and when the contractor will be paid. Clear payment terms reduce the risk of delays and disputes and help keep projects
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ProNovos and Viva Capital Partner to Launch QuickPay, a Smarter Way to Fund Construction Payments
for immediate release
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Top Strategies to Reduce Payment Delays for Contractors
Payment delays are a persistent challenge in the construction industry. Whether caused by inefficient billing processes, disputes, or slow approvals, late payments can strain cash flow and disrupt
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Celebrating Our Construction CPA and Business Advisory Partners For Making Accounting Today’s 2025 Top 100 Firms List
At ProNovos, we take great pride in collaborating with industry-leading construction CPAs and Business Advisory firms that are dedicated to delivering top-tier financial expertise to their clients
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The Cost of a Bad Forecast: How Poor Project Projections Drain Construction Profits
Every project starts with a forecast, but when that forecast is off, the financial consequences can be significant. While project managers (PMs) are often focused on schedules, materials, and
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Understanding Profit Fade and Its Impact on Contractors
Profit fade is the gradual reduction in gross profit on a construction project as work progresses. It often starts subtly—an underestimated labor cost here, a delayed material shipment there—but can
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Are You Ready for Tariffs—Or Are You Just Hoping for the Best?
We’ve all heard the noise—tariffs on materials from China, Canada, Mexico, and the EU and those are the ones we know about. On February 3, the tariffs for Mexico and Canada were delayed for 30 days
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Storytelling with Data for Project Managers: Building a Data-Driven Culture in Construction (Pt. 3)
In Part 2, we explored practical techniques for crafting compelling data stories tailored to construction project managers' challenges and opportunities. We discussed structuring stories using
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Storytelling with Data for Project Managers: Techniques to Tailor Insights for Every Audience (Pt. 2)
In Part 1, we explored the what and why of data storytelling in construction—how stories help project managers make sense of patterns, contextualize challenges, and drive decisions. We discussed the
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Storytelling with Data for Project Managers: Making Data Work for the Job Site & Beyond (Pt. 1)
As a construction project manager, you're no stranger to juggling tight schedules, budgets, and teams. Amid this complexity, data is your most powerful tool for making informed decisions, spotting
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2024 Look Back: A Year of Growth and Innovation at ProNovos
As the end of 2024 approaches, we’re reflecting on an incredible year of progress and milestones at ProNovos. From empowering construction professionals with new tools and insights to strengthening
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Why Seeing Your Data in Action Matters: The ProNovos Difference
For many construction professionals, the phrase “technology sales demo” brings back memories of polished presentations and big promises that failed to deliver. You’ve likely been there before—excited
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The Future of Construction Financials: Why It’s Time to Move Beyond 40-Year-Old Excel Spreadsheets
2024 marks 40 years since the creation of Excel, which was officially launched to the public in 1985—a tool that’s been around longer than most project managers and construction CFOs have been in
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Understanding Job Costing in Construction: The Fundamentals
Are you leaving money on the table? For construction businesses, every dollar counts, and that’s where job costing comes in. Imagine having a clear line of sight into your project’s expenses, with
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Thriving Through Uncertainty: Preparing Your Construction Company for 2030
The clock is ticking toward a potential economic shift, and for construction leaders, this isn’t a time for complacency—it’s a call to action. In the coming years, companies that lay the groundwork
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ProNovos Named Among Construction Executive’s Top Construction Technology Firms™ for 2024
ATLANTA – October 9, 2024 — ProNovos, a leader in financial intelligence and project management solutions for the construction industry, is proud to announce its inclusion in Construction Executive's
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Bridging the Generational Gap: Choosing the Right Channel for Your Message
In today’s multigenerational workplace, communication can be a challenge. With so many generations—Baby Boomers, Gen X, Millennials, Gen Z, and soon Alpha—each having their preferred communication
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A Beginner’s Overview of the Cash Flow Statement in Construction
In the construction industry, managing finances effectively is crucial to the success of any project. Among the various financial statements, the cash flow statement is an essential tool for tracking
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Unlock the Full Potential of Your ERP Data: A Construction-Specific Solution
Accurate and timely financial reporting is essential in construction. Yet, many companies find themselves limited by the native ERP reporting tools they rely on. Often designed for broader
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Understanding the Income Statement: Insights into Construction Financials
The income statement is a crucial financial document that offers a detailed snapshot of a company’s profitability over a specific period. Despite its apparent simplicity, it tells a compelling
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Understanding and Managing Change Orders in Construction
A change order in construction is a crucial document used to formally alter the original agreement of a construction project. This document meticulously details the necessary changes in the scope of
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Good Tech Can’t Fix Bad Culture
With so many new cutting-edge technologies available, it's easy to get swept up in the excitement of wanting to modernize your company and implement everything from advanced project management
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Making Project Managers Savvy with Construction Financial Analytics
In the fast-paced and competitive world of construction and project management, financial metrics are the cornerstone of successful project execution. Understanding and leveraging these metrics
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How the CPA Uses the Jobs in Process and Closed Jobs Schedules
As a CPA in public practice, the jobs in process and closed job schedules (“job schedules”) are the most important schedules we use to perform audits, reviews, and general business consulting. Why
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The Significance of WIP Reports for Bankers
With over three decades in the banking sector, including nearly 20 years working closely with construction industry clients, I've witnessed the perpetual scrutiny of construction businesses within
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Decoding WIP Reports: The Surety’s Perspective on Project Performance
Measuring project performance is crucial when a surety extends bond credit to a contractor. Open/Closed job work on hand becomes the "report card" not only for the contractor but also for anyone
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A Data Scientist’s Guide to WIP Optimization in Construction Finance
Over the past few months, I’ve pitched questions to contractors, CPAs, bankers, and surety firms about what they believe is a contractor's most crucial financial tool. Unanimously, the answer came
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ProNovos vs Excel: Advanced Revenue Forecasting
In the competitive realm of construction, staying ahead requires more than just technical expertise and project management finesse—it demands a keen understanding of financial dynamics and proactive
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ProNovos vs Excel: Enhancing Construction Project Forecasting
Forecasting the final costs of a project is a critical aspect of construction project management, blending art and science to provide insights into profit margins and financial health. While
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ProNovos vs. Excel: Automating the Work-in-Progress Report
In construction management, staying ahead with Work in Progress (WIP) reports is crucial for tracking project progress, financial health, and identifying bottlenecks. Traditionally, Excel has been
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ProNovos vs Excel: Revolutionizing Construction Cash Flow Forecasting
In the construction industry, where delayed payments and narrow profit margins are the norm, having a robust cash flow forecast is more than a financial strategy—it's a survival imperative. The
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Financial Statements in Construction
Financial statements in construction are like blueprints for a company's financial health. Just as blueprints guide the construction of a building, financial statements – including the Balance Sheet
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10 Best Practices for Managing Construction Billings
Construction billing management is a cornerstone activity for every construction manager. Its significance can't be overstated, especially when you consider the challenges associated with maintaining
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Assessing Project Health: Understanding the Root Causes of Over/Underbillings in Construction
In the dynamic world of construction, the heartbeat of a project's vitality is encapsulated in its over/underbilling status. But mere identification of overbilling or underbilling only scratches the
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The Essential Role of Profit Margin Monitoring in the Construction Industry
In the dynamic landscape of the construction industry, attention to detail is paramount, extending far beyond blueprints and timelines to include the fiscal health of a business. A pivotal component
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Key Performance Indicators (KPIs) for Work in Progress (WIP)
The WIP schedule is essentially the construction industry's version of a report card. It shows a detailed breakdown of each project's status, providing critical information such as costs incurred
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Mastering Construction Cash Flow: Unlocking the Power of the 13-Week Forecast
In the construction industry, one critical aspect consistently calls for detailed attention: cash flow. Unlike many other industries, construction faces unique challenges like unpredictable payments
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Forecasting in Construction: The Three Essential Forecasts Every Business Should be Doing
In the ever-changing and uncertain landscape of the construction industry, effective financial management is crucial for success. A key aspect of this management is accurate forecasting, which plays
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10 questions you can get answered about your financial performance
Managing a construction business involves juggling numerous moving parts, from pre-construction to closeout. To streamline collaboration between the field and office and allow executives to focus on
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Why ProNovos makes more sense for contractors than Power BI
For construction contractors looking to evolve their tech stack, what’s the difference between ProNovos and Power BI?
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Introducing Cash Flow-Forecasting By ProNovos
“When we see contractors struggle, it’s typically not because of insufficient profitability or total volume,” explains ProNovos Product Manager Kevin Bright, who serves as a liaison between ProNovos’
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Women in Construction Spotlight: Elise Krueger
As we celebrate Women in Construction Week, it is important to recognize the incredible contributions of women in a traditionally male-dominated industry. Elise Krueger, a Senior Software Engineer at
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The Best Resources for Women in Construction
Women continue to make strides in construction, entering into key leadership roles in the field and office. Historically, construction has been one of the most male-dominated industries. According to
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Faster and Better Tools for Gauging Project Performance
“How are we doing on this job?”
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Women in Construction Spotlight: Rachel Soanes
This week provides an opportunity to recognize and honor women who have overcome barriers to excel in a traditionally male-dominated industry.
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The ‘E’ in DE&I is the key to a brighter future, says FS360 CEO
Ernest L. Ellis was nearly a teenager when the reality of his father’s situation finally sank in. Now the president and CEO of Atlanta-based construction company FS360, Ellis grew up on a tobacco
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2022 Will Be ‘The Year of the Sub’ for ProNovos
ProNovos Director of Sales Brennan Medford is stoked about our new direction in 2022.
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What is Automated WIP Reporting in Construction?
WIP reporting in construction is undergoing a transformation thanks to automated dashboards that help contractors use data to make better and faster decisions.
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Sync it Up! How Subcontractors Can Supercharge their Procore Data in ProNovos
A new syncing feature in ProNovos unleashes big benefits for construction subcontractors that rely on project-management data from Procore. After their portion of a job is complete, for example
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ProNovos Enhances Capabilities with Autodesk Construction Cloud Integration
ProNovos now integrates with one of the most powerful construction tools available to general and specialty contractors today: Autodesk Construction Cloud®, a portfolio of software and services that
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Empathy is the Key to a Brighter Future in Construction, Says Bruce Orr
We hope you can join us on Tuesday, Oct.5, at 2:30 p.m. EST (11:30 p.m. PST) for a virtual panel discussion titled “Transformational Change Through Diversity and Inclusion.” It’s one of more than 200
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Neetha Puthran Sees Thinking Differently as a Best Practice in AEC—and D&I
We hope you can join us on Tuesday, Oct.5, at 2:30 p.m. EST (11:30 p.m. PST) for a virtual panel discussion titled “Transformational Change Through Diversity and Inclusion.” It’s one of more than 200
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Inclusivity Drives Higher-Level Performance, says PENTA’s Cliff Cole
We hope you can join us on Tuesday, Oct. 5, at 2:30 p.m. EST (11:30 p.m. PST) for a virtual panel discussion titled “Transformational Change Through Diversity and Inclusion.” It’s one of more than
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VIATechnik COO Sees D&I as a Force Multiplier
We hope you can join us on Tuesday, Oct. 5, at 2:30 p.m. EST (11:30 p.m. PST) for a virtual panel discussion titled “Transformational Change Through Diversity and Inclusion.” It’s one of more than
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Case Study: GLY Construction
For construction companies, properly analyzing labor data, and utilizing the insight gained from this information, is an essential part of creating precise estimates that ensure projects are
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Why Construction Needs Data Integration
The popular phrase “data is the new dollar” describes the lucrative ROI that information continues to deliver in the business world. In the construction sector, increasing tech adoption has improved
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‘Your Data is Good Enough’: ProNovos on the Constructed Futures Podcast
Construction contractors already have the data they need to run their projects and businesses more efficiently.
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Turning Construction Data Into Construction Intelligence
Going from data to decision is easier than you might think.
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Why Construction Data Isn’t ‘Just A GC Thing’
General contractors often ask their subcontractors to download, install and use tools like Sage 300 or Procore. Subcontractors are a critical part of most construction projects, so it makes sense for
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Getting More Out of Sage Software for Construction
Sage software for construction is a useful tool for today's contractors. A March 2021 webinar hosted by TUG, the not-for-profit users group, offered some tips on getting even more out of Sage by
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Safety Forms for Construction — a Digital Approach
Digital construction forms make it easier for contractors to track, manage and analyze documents related to waivers and jobsite inspections.
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Molin Concrete Products
“If you can dream it, this team can build it.”
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It’s Women in Construction Week. Here’s an Inspiring Story.
by Bruce Orr
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ProNovos Case Study: Zernco, Inc.
The company president Scott Marko reports saving at least $18,000 a year on labor costs as a result of eliminating double entries. “When you combine that with ProNovos’ much-lower software fees
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Construction Software Implementation: Pro Tips
Construction software implementation is nothing to fear. Rolling out a new construction intelligence cloud at your contracting firm may seem like a huge undertaking, but just a small amount of prep
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How to Eliminate Construction Pain Points in 2021
Construction pain points were a hot topic in 2020 in our discussions with more than a dozen GCs and specialty contractors who wanted to learn about Operations Manager, our project and resource
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Check Out Our Column in Construction Business Owner’s November Issue
Analytics dashboards continue to grow in popularity among contractors, but the discussion can omit an important consideration—metrics that are useful to one company can be meaningless to another.
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Love Your Data! Introducing the New AP Dashboard by ProNovos
Introducing the New AP Dashboard by ProNovos
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Zernco Chooses ProNovos Operations Manager for Insights from the Field
Zernco, Inc., is an award-winning contractor known for its focus on integrity, quality, safety and maintaining long-term relationships with clients, employees and strategic partners.
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Insights Into Industry Performance: Why You Should Be a Part of Foundation’s 2020 Construction Business Survey
The U.S. construction industry, along with so many other sectors of the economy, is facing some tough hurdles right now.
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Save the Date: ProNovos Hosts Equipment-Management Webinar on July 8
Construction contractors can lose hundreds of thousands of dollars over time due to chronic inefficiencies in their equipment programs.
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The Unthinkable Has Happened. How Should Contractors Respond?
Any construction veteran expects the economy to contract and expand. However, the global pandemic presents contractors with a challenge unlike any in recent memory.
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ProNovos + Viewpoint: Taking Data to the Next Level
Contractors across the country are using Viewpoint software to ramp up the efficiency of their accounting, project and operational data. Moving from siloed spreadsheets to Viewpoint’s reports
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How ProNovos Adds Value to Procore
Procore is one of the most popular technology tools in the construction business, with 1.3 million users in more than 125 countries and, since 2014, more than 1 million projects, and $880 billion of
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Seamlessly Advance Your Data Strategy — with the Software You Already Have
“Finance Pros Say You’ll Have to Pry Excel Out of Their Cold, Dead Hands.”
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Get More Out of Sage with ProNovos Construction Data Analytics
Sage 100 and 300 CRE are powerful tools for construction contractors.
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Dodge Data & Analytics Report Includes Insights from ProNovos
A new Dodge Data & Analytics SmartMarket Report is a deep dive into building information modeling (BIM) for mechanical and HVAC contractors. Bruce Orr, ProNovos’ Chief Data Scientist, contributed by
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Foundation + ProNovos = New Insights for Contractors
There’s a reason Foundation construction accounting software is popular among contractors: Unlike general-purpose accounting tools, Foundation makes it easy to track and report all kinds of
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Strategies for Managing the Rising Tide of Construction Data
Strategies for Managing the Rising Tide of Construction Data
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‘Data Hygiene’: Read Our Post at AEC Business
Read Our Post at AEC Business
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What is Construction Data?
Construction data is a powerful resource for contractors, equipping them with critical insights to plan, manage, and optimize projects from start to finish. In an industry where even a small
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No Spooky Surprises: Capitalize on the Insights in Your Data
Trick or treating might be about candy and scares, but when it comes to construction data, it should always be a treat.
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Achieving a Balanced Backlog via Construction Data Analytics
Construction CEOs tend to spend a lot of time thinking about one question in particular: “What is the ideal blend of jobs in the pipeline to ensure optimal growth for the company, in good times and
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Construction Analytics: Where Processes and Goals Align
Analytics can be vital to companies that generate a high volume of data like the construction industry. This information includes profit control, productivity, quality, duration and possible safety
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Intelligent Resource Management: McClone Contruction
Operations Manager by ProNovos: A Case Study in Intelligent Resource Management, with McClone Construction Co., El Dorado Hills, California
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Construction Business Intelligence: Strategies for Success
Construction is changing rapidly and so is the industry’s need for analytics and business intelligence, which brings up a great question: what is construction analytics?
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More about how siloed data is hurting construction companies
I’m a big fan of the jobsite articles that are "Powered by Procore".
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Business Intelligence vs. Construction Analytics
My job consists of educating and helping construction companies do two things, 1). better understand the value of data and 2). help their organization embrace analytics. If you would have asked me
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For Construction Professionals
Are you a professional in the construction industry?
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I Hear that Data is the New Oil. Is that True for Contracting Firms?
Most industries are looking at data as a very important commodity and they have been doing so for years. Even the oil industry has recognized the importance of data as they look for more creative
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Storytelling with Job Cost Data
We work with contractors daily on how best to take advantage of the data that's locked up in their accounting systems and ERPs.
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