Executive Summary. There are several trucking freight terms that a buyer should know. They’re important to know when contracting the transportation of your goods as well as when it’s time to pay the bill. Truck delivery acronyms. If you’ve ever seen a quote from a...
What’s a GL Account?
Executive Summary A GL account is separate from a cost code financial and job cost reporting. Here we introduce the basics of GL accounts What’s a GL Account? [edsanimate_start entry_animation_type= "rotateIn" entry_delay= "0" entry_duration= "0.5" entry_timing=...
Avoid Claims with a Pre-Bid Analysis
In a best case scenario, a construction claim will make the contractor financially whole again on the matter. In a worst case scenario, the contractor goes out of business. Most claims conclude somewhere in between with all parties unhappy. There are some...
Cost Codes: What, Why & How
Executive Summary: Many construction companies run their operations with too little specificity; costs ought to be reviewed on an activity-by-activity basis. Learn what, why and how to set up a good cost code structure. The bid and execution. Let’s use an example,...
The Construction Daily Report: Why & What
Executive Summary: The importance of the daily report cannot be overstated. Knowing why to write them and what to put in the report is critical for defense of yourself, and offense against another party. Why should I do daily reports? I think most people know what...
Choosing a Construction Consultant
Executive Summary: Once the decision is made to engage a consultant, choosing the firm to assist you can be one of the biggest challenges. Consider asking key questions to flush out the quality and value of the service. What sort of consultants are we talking about...