29 Feb
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 [...]
15 Feb
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 [...]
24 Jan
Financial Statements in Construction
Intro to Financial Statements in Construction Financial statements in construction are like blueprints for a company's financial health. Just as [...]
21 Nov
Understanding Retention in Construction
For construction project managers, retention isn't just a contractual term – it's a significant financial consideration that impacts the project's [...]
14 Nov
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 [...]
17 Oct
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 [...]
29 Aug
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 [...]
15 Aug
Decoding Over/Underbillings in Construction: Navigating the Maze of Revenue Recognition
One of the most challenging concepts in the world of construction finance to comprehend is over/underbillings. It's a crucial aspect [...]
08 Aug
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 [...]
04 Aug
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 [...]
Recent Comments