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Time and Materials Contract: How It Works
Time and materials contract is a construction agreement that is used for projects where the exact scope of work cannot be completely determined at the start. The client pays for the labor hours, materials, equipment, and other costs that are used in the building. Moreover, time and materials contracts are generally preferred in the Philippines, […]
Top 13 Inventory Forecasting Software in the Philippines (2026)
Inventory forecasting software helps businesses predict warehouse needs and customer demand by analyzing historical data. It evaluates past sales performance, market trends, and buying behaviors to ensure optimal inventory control. This software is important to enhance business productivity and examine the next step to maintain customers’ expectations. Furthermore, to help you leverage its full potential, […]
The 10 Best Construction ERP Software in Philippines
Obviously, running a construction business is way more different than running your typical sari-sari store. From project management to procurement – complexity at another level, which is why it is no surprise that companies implement construction ERP software. Other than the processes mentioned before, these kinds of systems may also automate the processes of accounting […]
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ResetTime and Materials Contract: How It Works
Time and materials contract is a construction agreement that is used for projects where the exact scope of work cannot be completely determined at the start. The client pays for the labor hours, materials, equipment, and other costs that are used in the building. Moreover, time and materials contracts are generally preferred in the Philippines, […]
Inventory Management: Meaning, Types, & Benefits
Inventory management refers to the process that consists of planning, purchasing, storing, tracking, and controlling the goods in a warehouse or storage room. This directly maintains products or stock in a good condition and financial balance. Furthermore inventory management is important to maintain real-time visibility when products are being moved from the warehouse to other […]
Raft Foundation: Types & Benefits Guide
Raft foundation is one of the types of construction foundations. It is a large reinforced concrete slab that supports the entire building. Within this foundation, the load is spread over a wide area which provides strong stability even on uneven soil. Additionally, raft foundation is widely used in the Philippines due to different soil conditions […]
Design and Build Contract Examples & How to Write It
Design and build contract is one of the most used project delivery methods in the construction industry. Instead of hiring separate parties for design and construction, the project owner works with a single entity responsible for both activities. This can help to coordinate projects more effectively, minimize miscommunication, and increase project efficiency. Project owners or […]
Putaway in Warehousing: Process & Best Practices
Putaway is one of the processes of warehouse operations that can efficiently store and retrieve goods for shipment. It’s because a well-managed putaway system means that every item received is put in the right place for an optimized shipping. For business in the Philippines, where retail, distribution, and eCommerce are rapidly growing, efficient warehouse operations […]
Periodic Inventory System: Guide, Benefits & Examples
Periodic inventory system is an accounting method that tracks inventory and calculates the cost of goods sold (COGS) through occasional physical counts at set intervals, such as monthly, quarterly, or yearly rather after every transaction. However, for Philippine businesses, there are several factors that should be taken into consideration when choosing the right inventory method. […]
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