Blog - Cost Management

Check out our latest blog posts, which provide commentary and opinions on issues and trends in the construction and contracting industry.

Keep your margins on track alongside Sage

Keep your margins on track alongside Sage. With economic uncertainty driving up tender prices throughout 2018, it’s more important than ever for subcontractors to closely monitor margins on every job, so that they can easily track costs and identify when a project is likely to go over budget to avoid unexpected expenditure. Here we look […]

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Late payments hold back the industry: WebContractor from Open ECX can help

Late payments are having a crippling effect on small- to medium-size construction businesses crucial to the sector’s future. According to the National Federation of Builders (NFB), public sector clients, even including central government, simply do not pay on time. This leaves regional contractors and SMEs, often subcontracted via larger construction companies, facing retention payments of […]

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Infographic: 8 reasons to consider construction accounting software

Running a construction business is a complicated, multi-faceted process requiring huge amounts of organisation across people, places and products. With this in mind, as well as the current climate of economic uncertainty, it’s more important than ever before to ensure your construction accounting software is up to the job. The key to a successful construction […]

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North/South divide in construction costs is closing

The North/South divide in UK construction costs is closing, according to Turner & Townsend’s International Construction Market Survey 2017. The research, which examines 43 construction markets around the world, reveals the average construction cost per square metre. But while construction cost inflation in the South of England is set to fall from 3.5% to 2%, […]

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