16 Apr
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 [...]
05 Apr
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 [...]
28 Mar
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 [...]
06 Mar
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 [...]
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 [...]
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