Blog - construction accounting software

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

September Construction Contracts Hit £5.4bn: Get ahead with construction accounting software

Latest figures from The Builders’ Conference show that the total value of new construction contracts awarded in the UK in September reached the highest monthly total for more than a year. The construction trade association and market intelligence provider reported a total of £5.84bn in new contract awards in data derived from its unique league […]

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An Annual £2.8bn Write-Off: How Construction Accounting Software Can Protect You from Bad Debts

An industry report has found that an astonishing £2.8bn in bad debts are written off each year by subcontractors due to non-payment – we look at how construction accounting software could help. The study, conducted by Bibby Financial Services and The Vinden Partnership, surveyed 250 UK contractors across a variety of trades to answer questions […]

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Discover powerful entry-level construction accounting software – Construct Express for Sage 50 Accounts

For SMEs, finding construction-specific accounting software that suits your business can be challenging. Eque2’s Construct Express is the ideal first step into construction-specific software, allowing you to run your business more efficiently, productively and proactively, without any complicated switchover or new systems to learn. We’re developing resources to introduce those unfamiliar with our products to […]

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Construction industry sees positive growth with rise in contracts awarded

The latest Economic and Construction Market Review from construction intelligence service Barbour ABI indicates a promising increase in the number of contracts awarded in January 2018. The value of new contracts awarded in the first month of the year reached £5.4bn (based on a three-month rolling average), 11.6% higher than December 2017, again showing promising […]

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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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Eque2 feature in CIOB ‘Remastering the Future’ Programme by ITN Productions

Earlier in the year Eque2 were approached by the Chartered Institute of Building (CIOB) and ITN Productions to be part of their ‘Remastering the Future’ series. The programme shadows a day in the life of the team at SJE Carpentry & Joinery Ltd (SJE), and features their current project at Principle Place in London. The […]

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A surprise boost for August – but don’t get complacent

Contrary to expectations and tradition, the usually slow month of August has shown surprisingly positive figures and provided a welcome boost to the construction industry. With contracts awarded in August totalling £5.8 billion, based on a three month moving average, this has resulted in a 7% increase on the month and the highest recorded figure […]

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Addressing the rising costs faced by construction SMEs

New research from the Federation of Master Builders (FMB) highlights the impact recent price rises are having on smaller building firms, citing sharp increase in building material costs and skills shortages as key factors. Materials such as timber, brick and insulation were identified as the most affected by price rises, as well as concrete and […]

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Eque2 celebrates Construction News Award wins for customers

We’re proud to share that a number of Eque2 clients have recently been named winners of 2017 Construction News Awards in their respective categories, whether for outstanding projects or commitment to ethical and social causes. Wates Group Wates Group, users of Eque2’s construction accounting software, were selected by the Construction News Awards as Contractor of […]

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Workload growth slows as Brexit delays investment

According to the UK RICS Construction and Infrastructure Market Survey for Q2 2017, workloads have slowed across all construction industry sectors, with Brexit identified as the main cause of delayed investment. Respondents reported that ongoing uncertainty regarding Brexit, combined with political turmoil as a result of the recent general election and hung parliament result, is […]

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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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