Profit is a business’s fundamental measure of financial health. It reveals whether a company’s income surpasses its expenses and indicates whether it operates in a sustainable manner. Without profit, it becomes challenging to cover debts, reinvest in growth, and navigate… Read More
Category: Infographic
Ensure QLD Project Trust Account Appliance with Bizprac
Construction contracts are infamous for being complex. The contractor chain involves numerous parties like electricians, bricklayers, plumbers, engineers, and carpenters. Add this to several unpredictable circumstances in this field of work; construction projects are not easy to manage. The complex… Read More
ATO Compliance With Bizprac’s Single Touch Payroll Feature – Infographic
As with any business, builder companies are expected to comprehend and keep up with various employment and labour legislation. For example, their regulatory responsibilities with ATO include Single Touch Payroll (STP), Pay-As-You-Go (PAYG) withholding, and superannuation payments. Employers who fail… Read More
The Advantages of Data Sharing in Construction – Infographic
Construction is marked by several interconnected processes and inputs. Its dynamics make it challenging to manage projects, which, when improperly done, can lead to disruptions, delays, and cost overruns. This necessitates transitory and cross-organisational collaboration, facilitated by secure data sharing,… Read More
Best Practices for Construction Record Management – Infographic
Construction projects create a ton of paperwork that needs to be recorded for management, accounting, and compliance purposes. Failure to produce, document, or retrieve records can have catastrophic effects on the business. It can lead to delays in operations, legal… Read More
Understanding Retentions in Construction Contracts – Infographic
Construction projects can be demanding and complex. With numerous elements and stakeholders involved, they require comprehensive and meticulous management. This makes construction projects huge undertakings that are subject to many risks. For example, a contractor or subcontractor might abandon a… Read More
Best Practices in Construction Management – Infographic
Construction projects can be unpredictable. Numerous factors influence the success of a project. Some can be identified and controlled, while others can create challenges that disrupt operations. One thing managers can do is optimize project management. They can refine their… Read More
Strategies for Winning More Construction Bids – Infographic
Winning construction bids can be extremely challenging in today’s growing market. The construction industry is highly competitive, with numerous companies vying for the same projects. Moreover, low-profit margins, changing project scopes, and extensive requirements make it more difficult for contractors… Read More
Subscription Vs. Licensed Construction Management Software – Infographic
One of the technologies that builder companies use today is construction management software Australia. It is a tool used by contractors to automate and manage tasks such as budgeting, setting schedules, and communicating with the stakeholders and employees of the… Read More