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Cost Management

Accounting or Field Tracking Software?

Contractors say combining both systems can improve project outcomes

There is no dispute about the importance of tracking actual performance in the field against the estimate and budget for effective construction cost management. Contractors, however, often debate whether to rely on an accounting system or a specialized construction field tracking software option like B2W Track to do it.
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Doug Seyler

Stopping the Hidden Profit Killer

Unplanned downtime is costly, but construction equipment maintenance software can help you hold it to below 5%.

The profit killer lurking for many contractors is unplanned downtime. This is the time, outside of scheduled maintenance, when breakdowns or emergency repairs knock a machine out of service. However, contractors with best-in-class maintenance processes supported by software like B2W Maintain can change the equation by taking unplanned downtime rates to five percent or lower.
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Herb Brownett

Costing Construction Equipment Accurately with B2W Software

Without accurate rates and a way to assign them, you never really know if you’re making – or losing – money on a job.

Best-in-class heavy construction contractors accurately cost their equipment. Doing this requires two things: an efficient method for tracking equipment utilization time on the job and an accurate calculation of what it costs to operate that equipment. The B2W Software ONE Platform can help with both.
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Herb Brownett

New Survey Yields Interesting Results on Technology in Heavy Construction

Data shows awareness of benefits but also missed potential

Heavy construction companies know there’s a lot to gain when their office, field and maintenance operations run efficiently and communicate with each other in real time. Most recognize that they need software and mobile capabilities to make this happen. Still, many stop short of investing and continue to miss out on opportunities technology could provide.
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Greg Norris

New Hampshire CFMA Chapter Addresses Role of Construction CFO

Herb Brownett Guest Speaker at May Meeting

Former CFMA (Construction Financial Management Association) national chairman Herb Brownett led an interactive presentation exploring how the industry’s best CFO’s are transcending the accounting function to help build the value and future of their companies when the newly formed NH CFMA chapter met in May.
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David Flynn

B2W’s Guide to Managing Construction Costs

Managing Construction Project Costs Where They Occur – in the Field

Heavy construction costs occur in the field, and that’s where collaboration and insight can give contractors better cost tracking and cost control. The problem is, many contractors continue to rely primarily on financial or ERP systems to tell them how they are performing versus plan. Now, operational software and mobile capabilities are paving the way for a more effective field-centric  Read More
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Greg Norris

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