Get help with everything you need to know about construction payments.
The terms estimate, bid, proposal, and contract are often tossed around as though they’re interchangeable, but they are very different things. Estimates, bids, and proposals are used to negotiate a...
In construction, a takeoff is the process that contractors use to figure out the exact quantity of materials needed for a specific project. Also known as a material takeoff or...
A change order is an agreement made during the course of a job that alters one of three things 鈥� the cost, the scope, or the schedule. But before a...
Organization is key when it comes to recording financial transactions and creating financial statements. A chart of accounts provides the structure to organize a construction company’s financial transactions. It鈥檚 a...
Before starting a construction project, every contractor needs to put together a construction budget for the team to work from. Budgets help you calculate the total costs you should expect...
If you鈥檙e worried about the cost to file a mechanics lien, that鈥檚 completely understandable. The process 鈥� including the cost to file a lien 鈥攎ight seem complicated. The bottom line...
Equipment rental is a vital aspect of the construction industry. Contractors need specialized equipment to complete a project, but they don鈥檛 want to spend a ton of money to purchase...
Considering working as a subcontractor for STO Building Group? This guide is the perfect place to begin your research. Although working with a reputable GC like STO often presents opportunities...
The final phases of a construction project is a very exciting time. When the punch list goes out to the subcontractors, it means the project is nearing completion, and everyone...
A construction estimate can make or break your construction company. While an accurate estimate enables you to hit your revenue and profit goals, poor estimates lead to financial problems and...
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