Chianelli Estimating
JANUARY 30, 2020
Many times those costs are not recovered, however; they could make the difference in keeping the Builder or Owner solvent or ending up with a failed project or worse yet bankruptcy. Recently Contractors and Owners have found that Outsource Estimating is becoming a practical way to cut overhead.
Chianelli Estimating
AUGUST 6, 2020
The tendency to adjust their bid estimating will inadvertently produce many business failures. One error may be the difference in bankruptcy or staying afloat. A typical Residential Contractor will insert profit and overhead to their bottom-line. The result will not be pretty. Under estimate real costs. Less opportunities.
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Contractor Bookkeeping
JUNE 12, 2013
The problem is each transaction is unique and could go into any one of a dozen accounts or item codes depending upon whether it is a direct cost, indirect cost, WIP, retention, warranty, overhead, administrative, other cost or simply an expense.
Contractor Bookkeeping
OCTOBER 18, 2013
No construction company goes bankrupt that had useful accurate Financial Statements and Job Costing Reports that they understood and paid attention to because they would have seen bankruptcy coming well enough ahead of time to avoid it. And Job Costing Bankruptcy Is A Matter Of Time!
Contractor Bookkeeping
JUNE 11, 2013
Job costing reports are the key to unlocking the mystery of which markets to serve, which jobs to bid, how much they need to cover the direct and indirect costs and which ones to walk away from. If the contractor believes the company is undercharging they may raise bid prices, lose jobs, eventually run out of cash and file bankruptcy.
Contractor Bookkeeping
FEBRUARY 5, 2014
At that, sadly, is during the bankruptcy proceedings or at the auction where their entire construction company is being sold for pennies on the dollar to pay off some of the mountain of debt they accumulated. Expenses - Overhead required to maintain business operations. Cost of Goods Sold - If they sell products with 1-4 categories.
Levelset
JULY 22, 2022
New businesses can leverage technology, automation, and lower overhead costs to compete with existing businesses. What kinds of jobs are they bidding on? If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. Analyze your competition.
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