In the construction industry, one of the biggest challenges is ensuring everything and everyone is in the right place at the right time.  For this reason, effective scheduling can ma… Read More

Legendary NFL head coach Bill Parcells famously said, “you are what your record says you are.” Numbers don’t lie, and results often speak for themselves. As a construction… Read More

Construction document management is a process for organizing, storing, and facilitating all relevant documents used throughout construction projects. This includes contracts, blueprints, per… Read More

Creating accurate, timely bids is one of the most essential components for any contracting or construction business. Nonetheless, the construction bidding process is not as straightforward a… Read More

One of the greatest military minds in all of history, Sun Tzu famously said, “Every battle is won before it’s ever fought.” The outcomes of battles are determined by the pr… Read More

As a critical part of any project, construction purchase orders serve to bind together buyers and sellers in a way that encourages trust. As a specialty contractor, you’ll likely find… Read More

Lines of credit (LOC) are crucial to a subcontractor’s financial health. With possible higher limits and lower interest, they can help subs protect their cash flow as they weather long… Read More

What is a submittal in construction? A construction submittal is a form of written or physical information sent to architects, engineers, or general contractors for approval of specific m… Read More

While all construction contracts will stipulate timelines and requirements, the mechanisms by which contractors get paid can vary greatly. Since construction industry contracts take many dif… Read More

Continuation sheets, such as the AIA G703 form, provide key pieces of information on each item of work that general contractors and project owners use to monitor the progress of that job. At… Read More

Everybody looks forward to payday. It’s a time-honored agreement between employer and employee that exchanges honest work for honest pay. However, payroll is more than cutting a check… Read More

Construction accounting is unique from any other industry. It requires specialized skills and knowledge that traditional accounting rarely dips into such as work-in-progress (WIP) and retain… Read More

Job costing is central to construction accounting for its ability to track and allocate all associated costs for a specific job. When done right, it’s a powerful tool for understanding… Read More

With so much going on in the city’s thriving ecosystem, it is easy to miss some of the happenings in the space. We keep you abreast of the things that you may have missed in NYC Tech N… Read More

The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 7/10/2023 featuring funding details for Interlace, Gryps, and much more. This page will be updated throughout… Read More

Contractors lean on submittals as one of many risk management tools to ensure projects have a good line of communication and documentation. As such, submittals ensure all stakeholders are on… Read More

The legendary Jack Welch, former CEO of General Electric, once said– “change before you have to.” Nowhere does this quote hold more weight than in the construction indus… Read More

As a business owner, you must be willing to take calculated risks, but when it comes to the job site, contractors will find there’s much less room for taking chances. This is because… Read More

Plumbers are, without question, the backbone of modern infrastructure — the average American uses 400 gallons of water per day. As a vital part of society, competition in the plumbing… Read More

Successful projects require transparency. Project owners, however, have a lot to think about. Most of the time, they can’t share every detail or answer every question before a project… Read More

Time tracking is essential to any construction job. Especially when considering that most contractors will generate a significant portion of their income through billing labor hours. Unfortu… Read More

Under a time and materials (T&M) contract, labor is billed as time is logged, and material costs are covered directly by the project owner. Flexible and easy to implement, T&M contra… Read More

Pricing is far more than just attaching a dollar amount to a service. How a business approaches pricing holds a surprising amount of information; it signals perceived value, influences custo… Read More

Learning how to set up job costing in QuickBooks is crucial for any project-based business that wants to better track expenses. For small construction businesses that need to maintain health… Read More

Release date: December 25, 2022 Improved organization and a brand new invoicing method 1. Advancement Tag Management Available for all plans In the Accountant section of Knowify… Read More