As a staff writer for Forbes Advisor, SMB, Kristy helps small business owners find the tools they need to keep their businesses running. She uses the experience of managing her own writing and editing ...

Managing costs without compromising on quality is a primary concern for contractors. Effective construction cost management involves strategic planning, accurate estimation and efficient billing ...

Accurate estimates are essential to a construction firm’s success. Overprice a bid and you’ll likely lose the project. Underprice it and you risk losing money and damaging relationships with partners ...

Construction projects generate constant signals about cost, schedule, labor, safety and risk, but predictive analytics turns ...

From fluctuating material prices to unexpected changes in project scope, financial challenges often arise during the construction process. Traditionally, managing these costs required labor-intensive ...

Creating an accurate cost estimate in the present is challenging enough but extending that estimate into the future presents an even steeper incline. Whether it's a week, a year, or even a five-year ...

Understand how the cost approach is used in real estate to value unique properties by considering land worth, construction ...

The construction industry is known for its complex and fluctuating costs. To effectively budget for a construction project, it’s essential to consider all the different labor costs. Here are some ...

Editor's Note: This article appears in Governing's Summer 2024 magazine. You can subscribe here. Even before the recent phase of inflation, public construction projects often far surpassed their ...