The Importance of Construction Industry Solutions

It has been said that the average construction project suffers cost overruns and completion often takes longer than expected. Thanks to Pegasus this should never have to be a problem again.

By using the right industry software you will always be able to complete projects on the scheduled time and within your budget. The industry software that I am referring to is Construction Industry Solutions. With this software you will have complete management control over contracts and sub-contractors as well as effective cash management.

Businesses need to track the costs of purchases and may have sub-contractors who require payment under HMRC’s construction industry scheme regulations. You need to keep on top of payments and always remember that effective cash management is key to making a profit. Construction Industry Solutions was written for SME contractors in the construction and allied industries. It was designed to give instant up-to-date information so that you know exactly what is owed and to who as well as knowing when different payments are due.

Cash management is an essential feature of the construction industry and can make a serious difference to the profit of a contract. Construction Industry Solutions captures all of the relevant contract information across all stages of a job so that the statuses of contracts are immediately available.

One of the key features of Construction Industry Solutions is the contract sales ledger. This maintains the details of current payment applications. It allows current and cumulative revenues together with retention, main contractor discount, etc. Also with contract sales ledger payment, when it is received, can be entered in batches and allocated to one or more applications.

Another key feature that will benefit your construction business is contract purchasing. The purchase order processing system allows the costs of a contract to be monitored by raising purchase orders against a specific contract. As deliveries are received and invoiced, the purchase order is updated.

Contract purchasing is integrated with stock control, allowing stock to be ordered from suppliers against a contract. This feature of construction industry solutions allows you to allocate, reserve and issue stock to a specific contract.

This piece of Pegasus software gives you complete control over all aspects of contract management including payment applications, VAT invoicing and cash receipt matching. It is also fully integrated to sales, purchase and nominal ledgers as well as cashbook and payroll. Construction industry solutions also conform to the requirements of HMRC’s construction industry scheme.

The requirements within the construction sector are highly specialised and Pegasus recognises these complex business requirements within the construction sector. Construction industry solutions also integrates with Opera II, sage line 50 and sage mms.

If you have a business within the construction sector and have not yet invested in a software solution to your management aspects and cash flow aspects then it is highly recommended that you do. Software solutions for the construction industry can dramatically change the way in which your business is run for the better giving you more effective management commitments and more control over your finances.

Australian Construction Industry Sees Substantial Growth

Construction Industry employment levels reach record levels in Australia

National employment figures for workers in the Australian construction industry, has dramatically increased by 28,200 in the three months to February 2014 to reach 1,037 million. This is the highest level recorded and an impressive 2.3 percent above previous records for the same time period last year, according to comprehensive labour force data presented by the Australian Bureau of Statistics.

New South Wales has been accredited with driving the escalation, and boasts 27,900 new construction workers amongst a robust rebound in housing figures and the continued improvement of commercial conditions with strong interest and increased investment in transport and roads.

Construction worker shortages remain a real concern

These latest job surges have again raised concerns with analysts’ of an impending shortage of tradespeople and other construction workers as building activity increases throughout Australia.

Slow construction activity in recent years has unavoidably led to decreased numbers of apprentices that have been trained and noticeable shortages of skilled construction workers.

Housing Industry Association Senior Economist Shane Garrett suggests that whilst supply and demand for tradespeople is generally considered steady, shortages emerging in trades like bricklaying, tiling and roofing coupled with an upward burden on wages and other associated construction costs will likely intensify as building activity with Australia recovers.

These recent statistics do rely on how rapidly current workers that are returning to construction jobs from resource projects can be up-skilled to work on housing and how speedily the industry can support the numbers of apprentices and other workers coming through.

In addition we can see from other statistics that an a national level, almost 65 percent of workers were employed in ‘construction services’ (666,800 people), 25 percent in building construction (261,200) and 8.4 percent (87,200) in heavy and civil engineering construction, of which around 911,500 men were employed compared with 125,900 women, denoting that men outnumber women in the construction industry by more than seven to one.

How can you benefit from recent growth in construction work around Australia?

With a growing need for workers to remain current and relevant, it will require an increased commitment by Registered Training Organisations (RTO’s) to provide the training for High Risk Work Licences.

Having met these challenges, many RTO’s are able to provide all that you need for the required training and assessment of High Risk work Licences and other construction based training.

When selecting to train for any High Risk Work Licence be certain to choose a reputable Registered Training Organisation (RTO) that is a recognised leader for their training and assessment outcomes. Elect to train with an RTO that has opted to provide smaller class sizes for High Risk Work Licences and who has taken the effort to provide the mandatory requirements for training and assessment. Choose quality over quantity and be sure to ask that the training you receive incorporates all Australian safety requirements, comprehensive lifting applications, installation and use of equipment, hazard recognition and risk control methods, as well as height safety methods all whilst maintaining regulatory compliance.

We would like to give credit to Andrew Heaton, Sourceable Industry News & Analysis and the Australian Bureau of Statistics for some source material.

A licence to perform High Risk Work (HRW) is required if you work with high risk equipment or plant. These high risk licences are valid in every Australian state and territory, enabling you to operate high risk equipment under consistent standards everywhere in Australia. Koolat Safety is a Registered Training Organisation (RTO) that provides quality training solutions for the Australian Construction Industry and the Australian Resources & Infrastructure sector and we are able to offer our clients a variety of affordable accredited training courses for all high risk work and construction short courses.

How Scotland Is Rebuilding Its Construction Industry

The slump in the Scottish economy showed that output decreased by 0.2 per cent during Quarter 1 in 2012 with a further decrease in Quarter 2 of 0.4 per cent, which equalled the UK decline in GDP as a whole, and a decline in manufacturing of over 2 per cent. Much of the downturn has impacted the construction sector which has shrunk by 10 per cent during 2012.

However this decrease in the construction sector has spurred construction leaders and developers in Scotland to come together and launch optimistic and ambitious growth plans to combat the decline for the next four years. The strategy called `Building for the Future’ will be driven by a new Construction Scotland industry leadership group.

The group is the lead and key organisation for the Scottish building industry and is formed to direct and unite the industry and act as the voice for the industry. The group is made up from a variety of organisations including the public sector, colleges, trade bodies, businesses and universities and is recognised as the leader in and voice of the construction industry by the Scottish Government.

The plans and priorities set out for building the Scottish construction industry and pushing for growth is by developing a more successful construction industry, driving innovation and productivity, working in partnership to deliver a low carbon environment and establishing a cohesive voice for the industry in Scotland.

The strategy outlines putting innovation at the heart of the construction industry and to pursue global markets, growing exports by 10 per cent.The strategy also outlines an increase in collaboration between construction sector businesses and within the supply chain. In order to increase productivity, improving the workforce’s skills, improving process and systems and enhancing design and specification will be at the core of activity to drive improved productivity in the sector.

The plan also states that it aims to reduce carbon emissions by 42 per cent by 2020 by producing more carbon-efficient products and constructing zero-carbon buildings. The sector will also work in conjunction with colleges and universities to advance research for carbon-friendly building and construction.

The strategy overall aims to increase the profitability of the Scottish construction industry and its holistic contribution to the Scottish economy and to boost its recovery from the dramatic decline it has seen during the past year in 2012.

The strategy is also dependent upon the cohesive collaboration and co-operation of all parties within the sector including agencies, local authorities, smaller construction companies and the Scottish Government. It is also hoped that the Construction Scotland reputation and brand will be enhanced globally and that quality construction services and products can be innovated, used and exported both across Scotland and overseas markets

The Three Highest Paid Jobs In The Construction Industry

If you’re planning to get into the construction industry and make it as your career path for good, it would be much better if you learn how this market works from understanding how the various players function in this industry. Construction industry is a multi-billion dollar industry, and there are a lot of opportunities for you to make a living out of it. However, the competition in this market is pretty fierce too, and if you want to stay for long and be successful, you have to make good profitable runs right from the very start.

There’s good money in this industry, but like in other multi-billion dollar industry in the world, fortune is not served in a silver platter, it is earned. Chances for profit and promotions can be really good, but only if you have the enough education and experience for the job.

People with good management skills and good knowledge in construction definitely have better chances for earning competitive pay cheques. The United States’ Bureau of Labour Statistics said in 2008 that, skilled workers in construction industry can earn as much as $22 per hour, while the professionals and those who work in the managerial department are expected to get around $39 per hour, now that’s quite a lot of difference, considering all the hard work those skilled workers do in the site. Also, the level of salary is practically affected by the location of the job, difficulty of the tasks and the benefits offered by constructions employers. This entry will talk about three (3) of the most high paying job in the construction market, read on and find out which where you will fit best in the future.

Construction Manager

Construction managers have the skills to organize his team, the plans, materials, tools and tasks for the whole construction project. They play a big role in the project, from the planning, supervising the workers, keeping in touch with the contractors, and ensure on-time delivery of the construction materials and machineries. The job responsibilities of a construction manager can be very demanding; which is the reason why construction companies choose to hire people with qualified bachelor’s degree. Also, before they get hired, construction companies demand for granted certificates from recognized construction management bodies for applicants for this position.

First-line Supervisor

First-line Supervisors manage the skilled workers for the project. Their task basically revolves around in reading the project plant, assigning people for the job, scheduling tasks to the workers, assess construction materials and coordinate with the construction manager. For this particular position, construction companies look for people with civil engineering or related degrees.

Electrician

Electricians are in charge of the design, repairs and replacements of the electrical lines and units in commercial and residential establishments. These are skilled professionals who can ensure safety and convenience for your electrical needs. People who wish to be in this type of job must undergo vocational education, accredited training from related course and considerable first-hand experience for the job.

Though most tasks and jobs in the construction are pretty challenging, compensations for highly skilled professionals are rather competitive. So examine yourself, find your interest and find out where will you fit best and grow as a professional in this market.

Careers in the Building and Construction Industry

With the increasing numbers of people who are unemployed these days, people should start looking into careers in the different industries that they can get into. It is important that one is skilled, knowledgeable and well trained to be able to fit in with the type of industry they wish to be part of. In the building and construction industry, there are so many careers that a skilled person can get into. They just need to prove what they really can do so that they may be hired at the job position that they wish to be in.

One can become an architect in this industry. This is maybe the highest rated job position in the building and construction industry. This career will need one who has a degree in architecture. It is also important that they have trained well and is knowledgeable with the updated trends in architecture. This handles the designs of the construction. They make the entire plan of the building with its detailed designs and entirety of the building.

One may also become a civil engineer in this industry. This person will be working hand-in-hand with the architects. They are responsible in applying the plan of the construction. He or she will be executing the plan of the architect. There will also be the building services engineers who will be responsible in the amenities of the construction. All of the installations will be handled by this engineer. The different details of amenities will be planned by this person like the electrical wirings, safety measure, sanitation and a lot more.

One can also get into the manufacturing side of the construction. This is a very lucrative career to get into. This will be responsible with all of the materials needed in the construction of the building. However, one will need a good investment of money to be able to come up with this career.

One may also be a contractor. Many professionals in this industry are dealing with contractors for the building of the business. They will be coming up with an agreement regarding the materials, labor and construction procedures until they go down to a fixed price. This will take care of the laborers, manufacturers or suppliers and the number of days until the construction finishes.

There are still lots of careers that one may get into with this kind of industry. In fact, this is one of the largest industries that people may get careers from. It is also very lucrative as there will always be construction everywhere and you will not be left with any projects at all. As long as you know how to find those projects, you will definitely get a career to work on. There are also companies that take care of the building and construction of different establishments. You may apply for a job in these businesses as long as you know that you can handle the work.