The FMI/CMAA 11th Annual Owners Survey was conducted in an atmosphere of considerable disagreement over whether the national economy is recovering and if so, how quickly. A major federal infusion of stimulus funding in 2009-2010 was meant to soften the impact of the recession, as well as accelerate the recovery through investment in infrastructure and other resources. Fear of a double-dip recession exists while talk of further stimulus spending, specifically for infrastructure, is inciting optimism. We can assume the construction economy will recover eventually - perhaps this year, perhaps next. But what then? What fundamental things will have changed in our business that will not "get back to normal?".

Challenge: Find accounting software that can be implemented quickly, facilitates project management processes and increases efficiency of key accounting processes.

Solution: Implemented Spectrum® Construction Software with fully integrated Document Imaging across Accounts Payable and Project Management modules.

Result: Elimination of paper files and increased control over project management with the ability to track change orders and job costs.

This article was submitted by Tom Frisby of The Frisby Group.
As a dispute resolution consultant (www.frisbygroup.org), I have found that effective daily reports have been more important than, to tell you the truth, after the fact forensic schedules and expert witnesses.  Daily reports are done in "real time" and if properly done, carry real credibility - I call daily documentation a Living, Unimpeachable Witness.  To be properly done: