Manual Expense Reports: Your Company Deserves Better
Manual expense reporting is an old-school practice, and some companies are keeping it alive. Error-prone, time-consuming and exhaustive, that’s the only way I can address manual expense reporting. The multiple data entries, multiple statements, payments, reimbursements, and of course, the HomeDepot receipt that has been kept in a wallet for days and is now […]
Lumber Prices Begin to Drop, Forecasting Good News for Builders.
‘’The best time to plant a tree was 20 years ago. The second best time is now’’ Well, if you planted a tree 20 years ago you might be staring at the most wanted raw material of 2021. Lumber prices reached historic rates during the first quarter of this year and are finally starting to […]
Purchase Cards in Construction: Why You Should Ditch The Checks
‘’We’ve always done it that way’’ I get it, construction is a traditional industry, but why wait until the ceiling collapses in order to fix the leak? Simplifying the Traditional Process Is not about changing the way you work, is about simplifying the processes you work with in order to give you back your most […]
ROI in Construction Technology: CanBuilders Measure the Benefit?
You have probably done these calculations more than a handful of times to measure your investment’s profitability, but how accurate is it for construction professionals as yourself? Return on investment(ROI) is a financial measure used in almost every industry to calculate the profitability of gaining a return from an investment. It is a proportion that […]
Taking Construction Invoicing Beyond the AIA Forms
Construction invoices come in many forms: lump sum invoices,progress billings, and time and materials. For many years, the standard forprogress billings in the industry has been the AIA G702 and G703 format. Because of the high cost of purchasing the forms, many contractors use Excel spreadsheets to simulate them and still provide the same information. […]
The Ultimate Guide to Understanding Construction Payment Management
Why are construction payments so unique? The truth is that there is more uniqueness driven by tradition and habit than by necessity. Construction payments are fundamentally similar to many other industries in the mode of progress payment and the need for validation and compliance documents that accompany them. With that in mind, the process and […]
The Internet of Things In Construction: Technology-Driven Safety
Coexisting with smart and monitored devices is the future of construction sites. IoT continues to gain momentum and collect accurate data for safety, management, and real-time analytics purposes. Wearables in Construction Daily interaction with smart devices might be overwhelming for some people, but what if the interaction is designed to be uninterrupted? Monitored devices in […]
VCC to pilot TheoBuild’s Innovative Corporate Card Program
VCC has entered into an agreement with TheoBuild to take part in the initial release of their TheoCard program. With over 30 years of experience in the construction industry, VCC is one of the leading General Contracting firms in the country and will be deploying the innovative card program across a handful of teams/projects in […]
The Ultimate Guide to Subcontractor Prequalification
Finding great subcontractors is hard, and its difficult to know if a sub is good or not until you work with them. By prequalifying subs, GCs can establish a pool of contractors that they know will complete the work and provide the quality their customers expect. Prequalification helps GCsselect the cream of the crop. What […]
TheoBuild announces strategic partnership with Vos Systems to bring real time visibility into financials and resource management to the construction industry
Dallas, September 2021 – TheoBuild is excited to announce a strategic partnership with VOS Systems to better serve its construction clients. Both firms have focused their product offerings in allowing real time visibility into some of the most impactful and least transparent areas in the construction life cycle, mainly purchases and labor. “We believe that […]