Construction accounting and finance is pretty simple, right? You just bill a client more than it costs you to do the work. Track the invoices and expenses. Simple. Wrong. Construction accounting and finance is one of the most confusing topics I’ve dealt with. Retention. Progress claims. Secured and unsecured variations. Cost tracking. Estimating. Corporate overheads. There are so many elements to this topic. So I’ve been trying to research and lay out the entire topic in a simple, step-by-step framework. This week, I’m going through how those pieces fit together, from pricing a job to deciding whether the business can afford another one. As always, it’s structured around News, Inform and Work. Just quickly, I’m looking for some customer feedback on a new product I’m launching. Would love if anybody has the time to fill this out: https://docs.google.com/forms/d/e/1FAIpQLSdILOUFSeoYJRJOfY5g5BHnI8ZLPHcfZhiL78nOE0AFOpRdTQ/viewform?usp=header News Claude Duet: an assistant that keeps working in the background. Anthropic’s new agent runs on its own computer in the cloud. It can prepare email replies, meeting briefs and financial models using your connected apps. I can see this helping contractors keep up with admin while they’re on site. It is currently a US-only research preview for Pro and Max users, through a waitlist, and is designed to ask before sending messages. See how Claude Duet works. Anthropic has filed for an IPO. The company behind Claude filed its public IPO paperwork on 26 October and intends to list on Nasdaq under the ticker ANT. The share price and number of shares are still to be determined. For businesses building workflows around Claude, this makes the company behind the tool worth following too. Read Anthropic’s announcement