Contractors

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TipsProject managementFinance

Advice for Construction Company Owners: How to Use Financial Reports in Contract Management?

Every construction company owner knows that managing contracts is not just about tracking project progress-it’s primarily about controlling finances. And this is where Contractors.es software for construction companies provides a huge advantage. With the financial reports feature in this construction management system, the owner can monitor costs, revenues, and margins in real time. This means [...]

2 min read
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TipsFinance

An average profit margin of construction projects can be better!

According to industry experts, the construction industry is a notoriously low-margin business, with the average net profit margin for construction companies ranging between 2% and 10%. Despite a gross profit margin typically hovering around 20%, many construction companies struggle to maintain profitability due to various factors such as rising material costs, labor shortages, and project [...]

2 min read
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FeaturesFinance

How the Contractors.es construction company management system improves financial processes in the company

Contractors.es is a construction project management software that helps contractors and construction professionals manage and collaborate on construction projects. Contractors.es combines the functionalities of CRM and ERP systems, which allows you to control the company’s processes from valuation to project completion. Contractors.es improves financial processes in the company in many ways: It allows you to [...]

2 min read
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ERP and CRMFinance

Is a SaaS app cheaper than managing it on own server?

In general, using a SaaS (Software as a Service) app is usually cheaper than managing your own server, depending on a variety of factors. Some of the benefits of using a SaaS app include: Reduced upfront costs: With a SaaS app, there are typically no upfront costs for purchasing and setting up hardware and software. [...]

2 min read
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TipsFinance

How to estimate construction/building project?

To estimate a construction project, the following steps can be taken: Define the scope of work: The first step in estimating a construction project is to clearly define the scope of work. This includes identifying all the tasks and activities that need to be completed as part of the project. Gather project data: Next, gather [...]

2 min read
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TipsFinance

How to control a construction project so as not to exceed the budget?

There are several strategies that can help a construction project stay within budget: Create a detailed project budget: A detailed project budget that includes all expected costs and a contingency fund can help ensure that the project stays within budget. Monitor project costs: Regularly monitoring project costs and comparing them to the budget can help [...]

2 min read
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FeaturesFinance

Invoicing

Many of our clients do not have their own accountant and this service is performed by an external company. In such a case, the only obligation is to issue invoices and provide the accounting company with information about the hours worked by employees and their vacations. In order to facilitate the functioning of such companies, [...]

2 min read
Construction cost estimate and related errors
TipsFinance

Construction cost estimate and related errors

Errors in the valuation of construction works I guess everyone will agree, it’s difficult to find a valuation of construction works or costs estimate without any errors. Practically the bigger project, the better chance of making them. It’s often assumed, that the loss of incomes is caused by unforeseen circumstances, over which we have no [...]

2 min read