In an age when image recognition, Big Data analysis and artificial intelligence are coming to define construction, outdated and inefficient contracting and construction management practices won’t cut ...

The National Renewable Energy Laboratory has hired a design-build team of JE Dunn Construction Co. and SmithGroup as it tests a new procurement strategy called cooperative construction contracting ...

In this installment of our ongoing series on selling to the government, we'll look at fundamentals of government contracting. We'll tackle contracting methods in general order of apparent ...

Construction companies and contractors can choose among several accrual accounting methods specialized for their industry. They can also use cash accounting. If they choose accrual accounting, they ...

As a contracting business matures and develops, larger projects and higher bond amounts naturally come into focus. Yet, there may be an unanticipated hurdle. Bumping against the construction bond ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Due to the high costs and extended timelines associated ...

Construction businesses can use special accounting methods to recognize income. By selecting one of these methods, you can figure your taxes based on your progress in completing a construction ...

Construction procurement presents a variety of challenges for owners managing contractors. Common issues owners face include a lack of centralized platforms to manage contractors and contracts, ...

The construction industry holds a prominent position among government contractors, securing numerous contracts from federal agencies. These contracts are awarded to construction companies responsible ...

Texas public procurement statutes allow for several alternative delivery methods on public projects. This article explains how Texas public procurement statutes regulate Competitive Sealed Proposals ...

Learn the differences between the percentage of completion and completed contract methods. Discover how each impacts revenue recognition for long-term projects.