Contract retainage is a sum of money, usually 5-10% of the value of a contract, that consumers can withhold from you until they are satisfied with your work on a project. Having robust retainage management becomes vital when managing multiple initiatives at one time. It will help you have enough capital, for instance, if one

Job costing is the all-important process of estimating which projects are worth your time so you’re never stuck in an https://blackstarnews.com/detailed-guide-for-the-importance-of-construction-bookkeeping-for-streamlining-business-operations/ unprofitable job. We can reference past job expenses, material costs, labor, and fees to tell you exactly what to expect from your next project so you can plan your growth accordingly. Bookkeeping for a