A Playbook for Construction and Land Development Organizations
HOW MODERN ERP SOFTWARE PREPARES THE CONSTRUCTION INDUSTRY FOR COMPLIANCE AND REGULATIONS
The modern construction industry is complex and requires an ever-increasing alignment of people, processes, departments, and companies. This means there are more areas to coordinate, track, and report, ranging from budgets and material costs to change orders and field reports to revenue and profitability.
By its nature, construction carries many risks, financially and to the personal safety of everyone on the job site. Because of this, construction is one of the most regulated industries of any trade. To be successful and profitable, construction firms need to consider regulated billing and tax zone requirements, insurance and bonding obligations, well-regulated safety training and certification requirements, certified and union payroll reporting, special business consideration requirements, and more. \
Contractors must also ensure that any subcontractors and vendors on their job sites adhere to these rules and regulations. If any one of these considerations is overlooked, it can bring the job site to a complete stop while it is addressed. It can also present a significant risk to the contractor through penalties, fines, non-payment, and lawsuits.
In some cases, it can even result in a project or company becoming insolvent. This playbook from Acumatica provides construction executives with an overview of modern ERP features that support construction regulations and compliance. In addition, it gives a summary ofstandard quality requirements across the industry with a self-assessment, strategies to implement compliance-friendly workflows and systems, and steps to execute on quality software implementations.
Download the eBook here.