Sep 19, 2024 | Blog, Construction KPIs, Module Highlights
A key KPI for construction accounting is Construction Work in Progress (WIP). WIP is the measure of the progress of a project which provides insights into the health of operations. What is Construction WIP? Work in Progress in construction refers to the...
Sep 10, 2024 | Blog, Construction KPIs
For the construction industry, financial stability hinges on the ability to manage and predict project profitability. A critical aspect of this is understanding the concepts of job margin gain and fade. These terms refer to the fluctuations in profit margins...
Jul 10, 2024 | Blog, Construction KPIs
In the dynamic world of construction, financial foresight is the cornerstone of success. The Work Backlog by Project Manager (PM) stands as a testament to this, offering a forward-looking snapshot of the workload and revenue that lies ahead. Let’s unpack the...
