SuperStream Compliance. What is it? SuperStream Compliance definition, as outlined by the ATO: SuperStream is the way businesses must pay employee superannuation guarantee contributions to super funds. With SuperStream, money and data are sent electronically in a standard format. SuperStream transmits money… Read More
Category: Business Tips
Avoid financial risk in construction industry with these 5 builder tips
As ex-builders (45 years in the building trade) we at Bizprac have made a commitment to our building industry. This commitment is to partner with more builders. Our vision is that our builder partners will use improved processes to make sure… Read More
Construction company accounting procedures that save you money
One of the biggest problems in business today is people are time poor. Consequently, ineffective processes and incompetent construction company accounting procedures can reduce the daily output. Does your typical day at the office sound like this? Arrive around 6.45am… Read More
Run a Successful Construction Company and avoid Financial Ruin
Yesterday the reserve bank announced their decision to cut interest rates again by a quarter of a percent. Today, within the space of 15 minutes, my inbox received notifications from 3 separate regional newspapers. The topic of each article was… Read More
Using building industry software to balance Perception vs. Reality
There is a saying “Perception is Reality”… meaning, what a person perceives, is in fact “their” reality. Perception is the view/belief of a person, based on their own environment and stimuli and interpretations they use to form an opinion. As… Read More
Variation Order management tips to realise your profit margin
A project variation order that is poorly executed can spell disaster for any project! The client may ask for changes to the build. The builder must first agree to the client’s change request. Once agreed the builder will present the client… Read More
Tips for Stress Management in the Construction Industry
Recently, I returned from a relaxing holiday overseas. On the plane, I was sitting beside a lady and after the usual introductions, we got on to the topic of work. When I told Mary what my company did she exclaimed:… Read More
(El) Nino can be really frustrating for builders
As business owners, we rely on information to make decisions about our business. With good data, we have a better chance of making better decisions. With good data, we can create a report for the ATO (for example) with confidence… Read More
Know your builder costs base. Here are 5 Tips to show you how.
5 tips to help you know your builder costs base Being a profitable building business means that you can confidently deliver estimates to your customer. In addition, knowing your builder costs base provides confidence that you will realize the estimated… Read More