Construction Business Owner

OCTOBER 14, 2011

Some Advice on Change Orders » A Change (Order) for the Better? When clients ask me about change orders, I’m reminded of a well-circulated photo. The yacht is named “Change Order.” Discussion about change order difficulties tends to be one of two types.

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Change Orders Construction Software Software 120

Construction Business Owner

OCTOBER 26, 2011

I know a lot of contractors are getting into bidding season, and this got me thinking about communication. I know from my days as a general contractor that plans and specifications are altered continuously as subcontractors become involved, materials are changed, and change orders are issued. change orders.

Construction 160

Construction Software Software Bidding 160

Construction Business Owner

AUGUST 18, 2011

And that seemed to strike a chord with some of you, so I figured I’d talk more about government jobs, and what you need to be prepared to bid on them. This agreement ensures that a contractor will perform all of the duties they agreed to in the bid they placed, abiding by the terms of that government-sanctioned project. change orders.

Cash Flow 169

Cash Flow Software Software Accounting 169

Construction Business Owner

APRIL 26, 2012

Meet with them before every project to discuss not only the contractual provisions for scope of work and change orders, but also what you bid and why. Stay on Top of Changes. The profit you calculate when bidding a job can fluctuate dramatically as work progresses. change orders. Pay close attention.

Change Orders 120

Change Orders Construction Profitability Software 120

Construction Business Owner

JANUARY 12, 2012

” » The Expensive Process of Bidding. Without spending money bidding projects, you can’t get jobs to make money building them. With more people bidding on fewer jobs, the market is much more competitive. Perhaps the toughest part, though, is that even if you bid a job and don’t win, you still incur costs to compete.

Bidding 150

Bidding Construction Documentation Software 150

Construction Business Owner

JANUARY 5, 2012

Evaluate Bidding Strategy. There are fewer projects to bid and what projects are available are being bid by more people. Consequently, the bidding climate is very competitive with some work going to people bidding below cost. change orders. It’s tough out there. Stay Connected. www.dexterchaney.com.

Construction 120

Construction Bidding Software Software 120

Construction Business Owner

JANUARY 5, 2012

It’s often easy to bid on a job, start work, and miscalculate how far along in the project you are versus the amount of money you’ve spent. This year, I encourage you to close the gap between your bids, your projections, and the actual cost of the project. change orders. Close the Budget vs. Actual Gap. January 2009.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

DECEMBER 9, 2011

In fact, project managers should worry about implementing more safe practices because it can affect the way they bid on jobs. The more accidents and safety violations you have on a job, the more the job is going to cost; and the last time I checked you can’t submit a change order just because your team got hurt on the job!

Construction 137

Construction Insurance Software Software 137

Construction Cost Estimating

JUNE 16, 2010

We also offer other estimating services like cost modeling, cash flow projection, life cycle costing, change order management, job order costing, best value analysis and hard bid estimates.

Estimating 40

Estimating Architecture Cash Flow Life Cycle 40

Construction Business Owner

JANUARY 12, 2012

« Simplified Decision Making – Getting People and Processes In Order. The Expensive Process of Bidding » Save Time, Resources – File Electronically. change orders. Construction Business Owner E-Newsletter. -->. Home » Blogs. Needless to say, most accounting departments are rather busy right now.

Construction 137

Construction Software Software Accounting 137

Contractor Bookkeeping

NOVEMBER 3, 2012

The problem is high profit jobs have a way of turning into low or no profit jobs and in some cases they can bankrupt your construction company because you bid the project using whatever model you are accustomed to using and in the end you wind up with cash flow problems. Residential Remodel Contractor Building A Home.

Profitability 49

Profitability Bankruptcy Contractors Remodeling 49

Building Information Management

JANUARY 15, 2016

Any large build portfolio owner who doesn’t have the ability to strategically plan, construction cost estimate, review contractor bids, conduct mutual site walks, monitor construction project in a transparent and consistent manner, etc. is simply not doing their job.

Management 40

Management Renovating Cash Flow Life Cycle 40

Construction Business Owner

APRIL 2, 2011

For those of you contractors doing government work: relish the competition involved with bidding. change orders. Competition is what makes us strive for success, what makes us work harder and what makes us want to be the best. Show them what you’re made of, how resourceful you are and that you’re the company for the job.

Construction 160

Construction Software Software Accounting 160

Construction Business Owner

NOVEMBER 3, 2011

In addition to providing critical insight to a bid, tender or proposal, the theoretical “buy-in” to the process from the field manager is invaluable. change orders. With backlogs down and work less plentiful, field supervision has come into the office and become an integral part of the estimating process. January 2009.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

JUNE 19, 2013

We are happy to be able to offer free Invoice templates, free Change Order templates and free estimate templates to construction contractors and other business owners to help them grow their sales and profits and have better lives for their families. Change Orders are a huge source of new profit. Click here.

Profitability 49

Profitability Cash Flow Accounting Construction 49

Construction Business Owner

JANUARY 26, 2012

Venture helps you manage your contacts using construction specific criteria, invite potential partners to bid on work, and even prequalify subcontractors, so you create the best team for the job. change orders. From start to finish, it takes a team working together to complete a job. Project Communication. January 2009.

Construction 120

Construction Software Software Documentation 120

Construction Business Owner

JANUARY 13, 2012

« The Expensive Process of Bidding. change orders. About Us Contact Us Advertise Press Releases Upload Artwork Via FTP -->. Free Subscriptions. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Home » Blogs. Year-End Wake Up Call » “How good do you want to be?”

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

APRIL 12, 2012

A prequalification program that tracks vendors certification, will also help you when it’s time to start bidding on projects. change orders. Good document management software will be able to keep those certifications on file. January 2009. December 2008. November 2008. October 2008. September 2008. August 2008. Tags accounting.

Construction 120

Construction Certification Green Software 120

Autodesk Construction Cloud

JULY 8, 2021

Given the continually changing nature of construction projects, accurately managing and executing construction costs is critical to the project’s financial outcome. A key piece is having the ability to see and compare how much specific items or tasks cost so you can correctly forecast and manage cash flow. .

Construction 52

Construction Profitability Budgeting Budget 52

Construction Business Owner

NOVEMBER 17, 2011

With the number of companies bidding on each job increasing and the margins getting smaller, it is imperative that you know the true health of you fleet. change orders. January 2009. December 2008. November 2008. October 2008. September 2008. August 2008. Tags accounting. accounting software. Add new tag. business development.

Construction 137

Construction Software Software Equipment 137

Construction Business Owner

FEBRUARY 2, 2012

leadership decisions were relatively easy – who to hire, where to grow, which jobs to bid and how much margin to put on them. change orders. Jim is a senior consultant with FMI and specializes in building profits by developing tailored operations strategies for his clients. January 2009. December 2008. November 2008.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

APRIL 4, 2011

– will ultimately determine if you are on the bid list or in the negotiating room for the next project. change orders. As the general contractor we will have ultimate responsibility for the construction quality and fit and finish of the facility. The answer to the question – What has this building done for me lately?

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

JUNE 15, 2012

It provides the baseline and milestones for your business and lets you make decisions in advance in the calm environment of your office instead of "on the fly" while driving, talking on your cell, eating lunch, and putting together a bid. You bid on a project and you are the low bidder. Get cash coming in early and often.

Contractors 48

Contractors Insurance Claims Lien 48

Contractor Bookkeeping

JUNE 20, 2014

It provides the baseline and milestones for your business and lets you make decisions in advance in the calm environment of your office instead of "on the fly" while driving, talking on your cell, eating lunch, and putting together a bid. You bid on a project and you are the low bidder. Get cash coming in early and often.

Insurance 48

Insurance Construction Accounting Claims 48

Contractor Bookkeeping

JANUARY 2, 2015

It provides the baseline and milestones for your business and lets you make decisions in advance in the calm environment of your office instead of "on the fly" while driving, talking on your cell, eating lunch, and putting together a bid. You bid on a project and you are the low bidder. It is a must have to borrow money from a bank.

Construction 48

Construction Insurance Accounting Claims 48

Autodesk Construction Cloud

DECEMBER 2, 2021

This can affect everything from the bidding process to change order management, your team’s efficiency, and ultimately, your bottom line. Effective cost management sets the standard for all project costs and affects all phases of a project including planning, design, estimation, change orders, and specialty contractors.

Management 52

Management Change Orders Construction Budgeting 52

Autodesk Construction Cloud

JUNE 10, 2022

Whether it’s bidding, estimation, or qualifying subcontractors, there are a few too many cooks in the kitchen. For instance, an integration between bid management solution BuildingConnected and collaboration software streamlines construction workflows between preconstruction and construction.

Construction 52

Construction Management BIM Project Management 52