by Zoltan Szentirmay | Dec 9, 2024 | Accounting, Construction, Costing, Project Management
In the realm of project management, understanding how to effectively value Work in Progress (WIP) is pivotal for maintaining budget control and ensuring a project progresses on schedule and within its financial bounds. WIP, an integral aspect of the managerial...
by Zoltan Szentirmay | Dec 2, 2024 | Construction
As we wind down towards the Christmas period, it’s a season more than just for holiday cheer and festivities. For business owners in the construct and trade sector, it’s a reflective time—a moment to pause and ponder over the future of your business. As the year draws...
by Zoltan Szentirmay | Sep 13, 2022 | Business Building, Construction
With rising materials and labour costs, plus the endless delays caused by labour and material shortages, profit margins are shrinking in the construction industry. In this situation, it’s tempting to believe increasing your sales will lead to increased profits. While...
by Zoltan Szentirmay | Aug 9, 2022 | Construction, Pricing
With materials, labour costs and interest rates increasing, it’s getting harder for trades andconstruction businesses to predict their profit margins. But there is a way you can accuratelymonitor what’s happening in your business and how much you should be quoting to...
by Zoltan Szentirmay | May 13, 2022 | Construction
https://youtu.be/EHuKO45hyqc Which Bill do I pay first? The last few years have been rocky for the construction industry. For most, there has beenunprecedented demand combined with timber shortages, incomplete deliveries, price increases, supply issues and trade...