Danish Safdar

What are the different types of Estimates?

There are three main types of construction estimates. According to ACivilEngineer.com, a company uses a specific type of estimate depending on what stage of the project it’s for and what items are being estimated. Preliminary Estimate  The Civil Engineering Daily defines preliminary estimates as “rough” or “approximate”. The reason for this is that estimates aren’t …

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Accounting for Construction Business | How?

In order to be successful in the construction industry, you must have a solid understanding of accounting.  However, handling your business’s finances effectively isn’t always easy, especially if you’re not a big fan of numbers.  Aside from that, business owners in the construction industry face unique challenges. How Is Construction Business Accounting Different? A construction …

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What is a Shipping Invoice?

A shipping invoice is a legal document required to accompany products shipped to customers. They’re sometimes called freight invoices or trucking invoices because they serve as receipts for freight shipments. They’re also considered important accounting documents to businesses because they record and provide a detailed description of the products included in every shipment. A shipping …

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The 4 Phases of Project Management

In this day and age, our daily activities require us to plan, so we need to manage things accordingly. Whether you’re working on a small project with modest business goals or a significant, multi-departmental initiative with sweeping corporate implications, understanding the project management life cycle is essential.  In this topic, we’ll learn about the four …

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Human Resource Management | What is HRM?

Human resource management (HRM) is the practice of recruiting, hiring, deploying, and managing an organization’s employees. HRM is often referred to simply as human resources (HR). A company or organization’s HR department is usually responsible for creating, putting into effect, and overseeing policies governing workers and the relationship of the organization with its employees. The …

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