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Nine shocking late payment statistics (and what you can learn from them)

Despite government efforts to improve the payment situation in the construction industry and elsewhere in the economy, late payments rose by 27% in 2015. The construction industry is notorious for its payment issues along the whole supply chain.  We delve into the harrowing statistics and see if any lessons can be learnt from them.

Five essential accounting software features for large construction companies

There's no 'one size fits all' software package. For example, generic accounting systems don't work for everyone. In the construction industry, your payment structure is more complex than those used in typical business transactions. Additionally, those basic accounting systems won't offer construction-specific features such as allowing for retentions and applications.

How NOT to use your construction accounting system

There's plenty of variation in how your accounting software can be used.  In this article, we explore software 'worst practices'. If you don't want to receive a return on investment, or if you enjoy annoying staff, here's how you should use your new accounting system...

The Dos and Don’ts of software implementation for contractors

You didn’t take the decision to upgrade your accounting software lightly – but you’ve decided to take the plunge and upgrade your old system now that its begun to show signs of age.

It took you some time to search through your options and collect recommendations from friends in the industry, but you’ve finally chosen your new software provider and you’re looking forward to the upgrade.

However, there’s a final hurdle to overcome before you can start seeing your software’s benefits: the implementation stage. This crucial period defines how successful the switch is: will it go smoothly and without a hitch, or turn into a disaster that damages your business?

These tips will help you achieve the first outcome.

Construction project management: coping with adverse weather conditions

The UK may not have to put up with monsoons and decade long droughts, nor months of complete darkness, but adverse weather conditions still bring our country to a standstill. Whilst many of our industries operate whatever the weather, in construction, we’re a little more reliant on the elements to complete projects on time. 

Common document management problems (and how to avoid them)

Every day, your business might create and access hundreds of documents in dozens of different formats. From paper-based documents to PDFs, we’re accustomed to managing many types of ‘paperwork’ on a daily basis – but inevitably, mix-ups occur.