Remove Bankruptcy Remove Bidding Remove Overhead Remove Products
article thumbnail

Construction Estimating

Chianelli Estimating

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.

article thumbnail

Job Costing Accounting Vs. Regular Accounting

Contractor Bookkeeping

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.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Bookkeeper Vs. Accountant Vs. C.P.A. For Your Construction Company

Contractor Bookkeeping

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. This Type Of Accounting Is Used - Where customers comes to the place of business or at most you ship or deliver a packaged product.

article thumbnail

How to Start a Roofing Business: 9 Tips to Grow & Thrive

Levelset

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.

article thumbnail

How to Start a Plumbing Business: 9 Tips for Growth

Levelset

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. To avoid getting caught in the “P” trap (without any profitability), you need to think carefully about overhead. Analyze your competition.

article thumbnail

How to Start a Painting Business: 9 Keys to Growth & Success

Levelset

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. Keep reading: Contractor’s guide to profit and overhead. Analyze your competition. How can you differentiate your company from existing businesses?

article thumbnail

How to Start an Electrical Business: 9 Tips for Growth

Levelset

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. Keep reading: Contractor’s guide to profit and overhead. Analyze your competition. How can you differentiate your company from existing businesses?