Author: Brett

How Can Contractors Manage the Impact of Inflation?

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Contractors face the challenge of managing the effects of continuous inflation growth on their business. Australia’s recent Producer Price Indexes show a 5.2% increase in the past twelve months. Inflation erodes the purchasing power of construction businesses, leading to higher… Read More

Understanding Retentions in Construction Contracts – Infographic

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Construction projects can be demanding and complex. With numerous elements and stakeholders involved, they require comprehensive and meticulous management. This makes construction projects huge undertakings that are subject to many risks. For example, a contractor or subcontractor might abandon a… Read More

Construction Accounting Guide for Contractors

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Construction projects require managing numerous funds and monetary transactions. From ordering materials to compensating workers, keeping track of a project’s budget and expenses can be challenging without proper construction accounting practices. Generally, the goals of accounting are to: Systematic accounting… Read More

Best Practices in Construction Management – Infographic

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Construction projects can be unpredictable. Numerous factors influence the success of a project. Some can be identified and controlled, while others can create challenges that disrupt operations. One thing managers can do is optimize project management. They can refine their… Read More

The Role of Construction Management in Sustainable Development

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Sustainable development has been a concern for many industries, including construction, since 1972. Sustainability is becoming direr in recent years, with increasing economic, social, and environmental challenges. Fortunately, the introduction of the 2030 Agenda presented a plan of action for… Read More

Strategies for Winning More Construction Bids – Infographic

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Winning construction bids can be extremely challenging in today’s growing market. The construction industry is highly competitive, with numerous companies vying for the same projects. Moreover, low-profit margins, changing project scopes, and extensive requirements make it more difficult for contractors… Read More