Whois & Analysis for cmicglobal.com

Construction is the process of constructing a building or infrastructure.

Construction differs from manufacturing in that manufacturing typically involves mass production of similar items without a designated purchaser, while construction typically takes place on location for a known client.

Construction as an industry comprises six to nine percent of the gross domestic product of developed countries.

Project management is the discipline of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria.

A project is a temporary endeavor designed to produce a unique product, service or result with a defined beginning and end (usually time-constrained, and often constrained by funding or deliverables) undertaken to meet unique goals and objectives, typically to bring about beneficial change or added value.

The temporary nature of projects stands in contrast with business as usual (or operations), which are repetitive, permanent, or semi-permanent functional activities to produce products or services.

In practice, the management of these two systems is often quite different, and as such requires the development of distinct technical skills and management strategies.

Construction accounting is a form of project accounting applied to construction projects.

See also production accounting.

Construction accounting is a vitally necessary form of accounting, especially when multiple contracts come into play.

The construction field uses many terms not used in other forms of accounting, such as "draw" and progress billing.

Construction accounting may also need to account for vehicles and equipment, which may or may not be owned by the company as a fixed asset.

Construction accounting requires invoicing and vendor payment, more or less as to the amount of business done.

Accounting software describes a type of application software that records and processes accounting transactions within functional modules such as accounts payable, accounts receivable, general ledger, payroll, and trial balance.

It functions as an accounting information system.

It may be developed in-house by the organization using it, may be purchased from a third party, or may be a combination of a third-party application software package with local modifications.

Accounting software may be on-line based, accessed anywhere at any time with any device which is Internet enabled, or may be desktop based.

It varies greatly in its complexity and cost.

A business (also known as an enterprise, a company or a firm) is an organizational entity involved in the provision of goods and services to consumers.

Businesses serve as a form of economic activity, and are prevalent in capitalist economies, where most of them are privately owned and provide goods and services allocated through a market to consumers and customers in exchange for other goods, services, money, or other forms of exchange that hold intrinsic economic value.

Businesses may also be social non-profit enterprises or state-owned public enterprises operated by governments with specific social and economic objectives.

A business owned by multiple private individuals may form as an incorporated company or jointly organise as a partnership.

Countries have different laws that may ascribe different rights to the various business entities.