Subcontracting work to qualified partners continues to be an effective strategy for companies who have insufficient resources or expertise in a specific area. Subcontracting in the architecture, engineering and construction (AEC) industry has greatly increased in recent years. Technology, size, and scale of projects are tending to be larger and more complex. As a result,…
Accurate tracking of billable expenses, efficient capture of hours delivered, timely billing and hourly rates are just a few of the revenue leakage challenges that our customers deal with daily.
I’m often asked about PSA (Professional Services Automation) solutions by potential buyers. Is it critical to success? Is it more of a luxury solution to make things easier? Will it pay for itself in the long-run? Short-run? What they’re really asking, in most cases, is: “How do I sell it to our executive team?” For…
Hello, Good to be back here on the blog !!! Jumping straight into the topic here today about a new addition of a feature for vendor prepayments in relation with fixed price project revenue recognition !! Issuing large amounts of prepayments to vendors is often a common business requirement for large scale, long-term fixed price projects, which involves a lot…
Have your company ever won a job and finalized a statement of work (SOW) where everything appears to be in order until, suddenly, nothing adds up? Margin erosion is a term used to define loss of margin dollars that occur once a job has been won. More simply, it is a gradual reduction in gross…
IPM Project Management has a unique environment for managing the day to day operations of project staff. Presented through Outlook, but managed in a MS.SQL database, IPM is able to create, store and track all project communications, RFI’s, drawings and revisions, meeting minutes, change requests, subcontracts and purchase orders to provide a simple but sophisticated…
