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 ...

Let’s begin with a brief run-down on just what “lean methodology” is and where it came from. Lean methodology originated mostly from the Toyota Production System. The Toyota Motor Corporation came to ...

In any construction dispute resolution process, not only does a claimant have to prove liability of the other party, but the claimant must also prove damages to prevail on its claim. The proof of ...

When compared to cash accounting, the accrual method provides a more accurate picture of the economic condition of a construction project. In the cash method, you book revenue when you receive it and ...

Urban projects often face challenges such as limited space, congested environments, and the need for efficient construction timelines, which are all critical to improving urban living. In such ...

I still remember walking into a boardroom in Paris, where a client said what so many do: “We want exceptional design, but we can’t afford to lose time.” In construction, that sentence captures a ...

The U.S. Bureau of Labor Statistics, which calculates annual fatality rates for a range of industries, does not have a standard code for tower climbing and, thus, does not compile uniform data on ...

Behrokh Khoshnevis of the University of Southern California has won Grand Prize in the NASA Tech Briefs magazine’s “Create the Future” contest for his entry, "Robotic Building Construction by Contour ...