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  • Accounts Payable Automation for Construction

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    AvidXchange helps construction companies, including commercial developers, general contractors and specialty trade contractors, focus more on their jobs and less on time-consuming paperwork. By integrating directly with the accounting system, AvidXchange solutions also allow businesses to maintain a single source of truth for critical data with full visibility into financials. AP departments are still in control over processes but AvidXchange assumes responsibility ingesting all invoices received, whether electronically or via mail. The full invoice-to-pay solution automates back-office processes and provides …Read More

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    Maximize Growth & Profitability with Real-Time Data You Can Trust

    The CMiC Financials & Accounting suite unifies core functions—such as Budgeting, Corporate & Project Forecasting, General Ledger, Accounts Receivable and Accounts Payable—in one place. In addition, it gives you control over all aspects of Human Capital Management and Asset Management, which improves visibility and accountability across the organization. Through real-time reports, instantly evaluate operational transactions as they occur for maximum control over project completion and profitability. CLICK HERE TO LEARN MORE Learn More

    Will COVID-19 be considered force majeure?

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    On March 17, 2020 the City of Boston became the first city, but not likely the last city to close down all construction projects currently in progress due to the COVID-19 crisis. This raises the question of what impact that will have on meeting the schedules and terms of the various construction contracts. Will liquidated damages be assessed if a contract does not meet its contractual schedule? The dictionary defines force majeure as an unforeseeable circumstance that prevents someone from …Read More

    Can You Explain Your Bid Spread?

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    By Rich Sghiatti – Regional Vice President – Old Republic Surety Company If you were to ask contractors what they like most about construction, they probably wouldn’t say, “I love preparing bids.” Most contractors love being on the job site, not being cooped up in an office working on numbers. Yet contractors get the majority of their business from bidding on projects. The most successful ones have developed a winning strategy that results in the lowest bid and generates a profit for …Read More