The construction industry is a unique and dynamic ecosystem made up of various sub industries providing a plethora of vastly different services. Though greatly differing in offerings, all construction companies can benefit from one thing, unified data. Having your data available 24/7 in the cloud can change your company from relying on double entry from your job site. In can help back-office clerical workers to giving the ability to enter relevant job data directly into the cloud system to give real time updates. Acumatica ERP construction edition integrates must haves for all construction companies with automatically creation of AIA invoicing, to WIP reports for your current projects and much more. Also using Acumatica’s consumption-based pricing will mean that you can give access to your complete workforce and subcontractors. Without being gouged by user-based pricing, paying by the volume of transactions instead. Give visibility and empower your workforce with dashboards to give project managers and executive staff insight into the data that they are concerned with using graphical real-time analytics wherever and whenever they need it.
When it comes to construction there are 4 major types:
1. Residential Construction – Single and Multi-unit: the most dynamic of the group, being that the clients as well as size and scope of these projects can vary greatly. Clients could be an individual landowner or a local authority creating public housing. All projects must comply with government building regulations, as well as state and federally funded projects requiring certified payroll, and strict OSHA documentation.
Acumatica provides:
· Subcontractor management
· Certified payroll
· Compliance management
2. Commercial / Institutional Construction: projects and scope of this sector are primarily medium to large. From individual restaurants, to shopping malls and hospitals contractors in this sector may need to file mechanics liens to ensure payments, or a bond for public projects. These lien waivers, insurance and certificates of compliance are of the utmost importance for this sector.
Acumatica provides:
· Material Management
· Equipment Management
· Payment Management
· Creation and approvals of lien waivers
3. Industrial construction: structures like factories, refineries, warehouses, and powerplants fall beneath this sector, and many of these projects start to fall under government projects particularly in the energy sector. Planning and design are the cornerstone of these projects and require engineering staff to execute drawing logs and submittals to ensure success of these projects. Also taking into account the higher amount of safety hazards that can be involved in these projects, OSHA compliance and reporting are critical.
Acumatica provides:
· Construction Payroll
· Change Order Management
· Drawing logs and Photos
· Submittals
· Safety Notices
4. Civil and Heavy Construction: of any of the previous sectors, this is the one where projects are most likely to be publicly owned. Bridges, highways, airports and dams are examples of projects common in this sector. Many of these projects employ a full-time civil engineer to manage field reports, project issue and other items such as drawing logs on a daily basis.
Acumatica provides:
· Daily field reports
· Project issue reports
· Certified payroll
· Certificates of insurance
Ready to get started? Reach out today and let’s start building an ERP system for your field!