The construction industry in Australia has been slow to innovate in the decades past. But with the changing industry demands, especially during the Covid-19 pandemic, companies started to be more conscious of the importance of digital technologies. In fact, a… Read More
Tag: asset building system
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
Construction Accounting Guide for Contractors
Construction projects require managing numerous funds and monetary transactions. From ordering materials to compensating workers, keeping track of a project’s budget and expenses can be challenging without proper construction accounting practices. Generally, the goals of accounting are to: Systematic accounting… 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
The Role of Construction Management in Sustainable Development
Sustainable development has been a concern for many industries, including construction, since 1972. Sustainability is becoming direr in recent years, with increasing economic, social, and environmental challenges. Fortunately, the introduction of the 2030 Agenda presented a plan of action for… Read More
What is Construction Takeoff Software? – Infographic
Improper takeoffs in construction can have serious consequences for a project. If it is incorrect, it could result in ordering too much or too little material, leading to unnecessary costs. Furthermore, using the wrong materials or not having enough materials… Read More
Common Constraints in Project Management – Infographic
Delivering projects on time, within budget, and in alignment with corporate objectives is essential. This will help builder companies stand out in today’s fiercely competitive business markets. However, every project has constraints and hazards that must be managed to be… Read More