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Work in Progress – Understanding WIP
For most construction companies, the name of the game in construction is profitability. Many construction companies sell millions every year, yet business owners often stay allow big-time profits to slip through the cracks. When used properly, a Work in Progress (WIP) report is a key part of job costing for maximizing profits and bringing in real net revenue for any construction company. In this article we will answer these 4 questions, helping you understand WIP reports and maximize profitability on every project. Let's get started! Understanding WIP What is WIP? How is WIP calculated? What are the benefits of using a WIP report? How do I create a WIP report & track profitability on...
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Construction Management
Grow Your Network with Projul’s Construction Affiliate Program
Grow Your Network with Projul's Construction Affiliate Program Projul's...
Free Estimate Templates
Easy Estimating: 3 Simple Ways Projul Helps in Estimating
Easy Estimating: 3 Simple Ways Projul Helps in Construction Quotes Getting the numbers right for a construction job is crucial, and nobody knows this better than those of us who have been in the trenches. With our background as construction contractors, we understand the challenges of estimating...
Building Your Business
The 3 Best Ways to Improve Construction Communications For Greater Efficiency
The 3 Best Ways to Improve Construction Communications for Greater Efficiency In today's fast-paced business environment, efficient construction communication is not just important—it's essential. Miscommunications can lead to missed deadlines, strained relationships, and ultimately, a hit to your...
Time tracking for construction: Digital & Geo-fenced
Welcome back, construction pros! It's time to dive into a game-changing tool that can revolutionize how you manage your projects. In today's blog post, we'll be exploring Projul - an all-in-one solution designed to streamline project management tasks. While Projul offers an array of features,...
The Ultimate Guide to Contractor Invoicing: Best Practices and Tips
As a successful contractor, you already know that efficient invoicing is crucial for maintaining healthy cash flow and ensuring timely payment for your services. In this comprehensive guide, we will explore the best practices and tips for sending an invoice as a contractor. We will also highlight...
Streamline Your Electrical Estimating Process
In the fast-moving world of construction, being efficient and accurate is crucial for electrical contractors to succeed. Thankfully, technology has brought us electrical estimating software, which has completely changed the way we estimate projects. In this blog post, we will discuss the...