Pro Builder

APRIL 19, 2021

The construction industry has gone through an extensive transformation, and technology has completely changed the concept of how to drive more quality, productivity, and profit into projects. Using an intelligent solution allows project managers to base their bids on past project data and actual expenses. Mon, 04/19/2021 - 06:00.

Software 52

Software Software Contractors Change Orders 52

Construction Business Owner

OCTOBER 26, 2011

I know a lot of contractors are getting into bidding season, and this got me thinking about communication. To further complicate matters, a construction project may have hundreds, perhaps thousands, of people working on it at any given time, making document version control a constant struggle. document management. Beyond Games.

Construction 159

Construction Software Software Bidding 159

Construction Business Owner

APRIL 26, 2012

Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. There’s a name for these situations: “profit fade.” 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.

Change Orders 120

Change Orders Construction Profitability Software 120

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. document management. document management. It’s tough out there. Add new tag.

Construction 120

Construction Bidding Software Software 120

Construction Business Owner

JANUARY 12, 2012

The Expensive Process of Bidding » Save Time, Resources – File Electronically. Keeping documents as electronic files reduces paper waste and clutter in your office because you can get rid of the filing cabinets. Electronic filing also gives you the ability to search with simple keyword terms, so you can find documents faster.

Construction 136

Construction Software Software Accounting 136

Construction Business Owner

JANUARY 26, 2012

Venture tools are built to give contractors visibility and control over three key areas of construction operations: Documentation. Document Management. It’s no secret that documents play a vital role in the construction process from beginning to end. document management. document management. Communication.

Construction 120

Construction Software Software Documentation 120

Autodesk Construction Cloud

JULY 8, 2021

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 firms can use cost codes to document, categorize, and analyze costs efficiently. Profitability . This is where construction cost codes come into play.

Construction 52

Construction Profitability Budgeting Budget 52

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. document management. document management. Add new tag. foundation.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

APRIL 2, 2011

« Free Webinar on Reducing Profit Fade. For those of you contractors doing government work: relish the competition involved with bidding. document management. document management. About Us Contact Us Advertise Press Releases Upload Artwork Via FTP -->. Free Subscriptions. Construction Business Owner Magazine.

Construction 159

Construction Software Software Accounting 159

Construction Business Owner

OCTOBER 14, 2011

But I have been surprised at the number of contractors who tell me that they have bid for jobs at break-even or at a loss. Change orders can be harder to manage – and present more of a profitability challenge – than pre-planned project work. document management. Yes, change orders are nearly inevitable. Add new tag. foundation.

Change Orders 120

Change Orders Construction Software Software 120

ProcurementExpress.com

FEBRUARY 11, 2019

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. Document management. Profit margins in the construction industry are notoriously tight. Bidding and Research Stage. Request for bids. Receive bids. Estimation tool. Calendars and scheduling.

Procurement 63

Procurement Plans Construction Budgeting 63

Contractor Bookkeeping

JULY 27, 2012

Assets of Company - Cash / Receivables – Payables / Trucks / Tools / Equipment / Material. Assets of Firm - Cash / Business Process / Sales Process / Client List / Predictable Cash Flow. BCG Matrix - Graphical representation of Cash Cows / Rising Stars / Question Marks / Dogs.

Contractors 63

Contractors Cash Flow Construction Accounting 63

ProcurementExpress.com

FEBRUARY 11, 2019

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. Document management. Profit margins in the construction industry are notoriously tight. Bidding and Research Stage. Request for bids. Receive bids. Estimation tool. Calendars and scheduling.

Procurement 52

Procurement Plans Construction Budgeting 52

Construction Cost Estimating

MAY 23, 2012

Job Simplicity is a comp l ete building & construction management software utilized to control the full phase from bid management, job costing, estimating, purchasing, scheduling, service coordination to building. Get the Web to Work: distribute information, documents & drawings amid your customers & trades. at 1:41 PM.

Estimating 55

Estimating Software Software Sage 55

Construction Business Owner

APRIL 12, 2012

Good document management software will be able to keep those certifications on file. A prequalification program that tracks vendors certification, will also help you when it’s time to start bidding on projects. document management. document management. You can follow any responses to this entry through the RSS 2.0

Construction 120

Construction Certification Green Software 120

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. document management. document management. Add new tag. business development. change orders. cloud computing. communication. construction. Construction Accounting Software.

Construction 120

Construction Software Software Accounting 120

Levelset

JULY 22, 2022

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. What kinds of jobs are they bidding on? Keep the cash flowing like water down a valley. Here’s a little-known fact about growing a roofing business: It can be incredibly cash-hungry.

Cash Flow 52

Cash Flow Overhead Accounting Profitability 52

Levelset

JULY 15, 2022

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. What kinds of jobs are they bidding on? Keep the cash flowing like current on a hot line. Here’s a little-known fact about growing an electrical business: It can be incredibly cash-hungry.

Electrical 52

Electrical Cash Flow Accounting Profitability 52

Construction Business Owner

FEBRUARY 2, 2012

Jim is a senior consultant with FMI and specializes in building profits by developing tailored operations strategies for his clients. leadership decisions were relatively easy – who to hire, where to grow, which jobs to bid and how much margin to put on them. document management. document management. Add new tag.

Construction 120

Construction Software Software Accounting 120

Levelset

JULY 18, 2022

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. What kinds of jobs are they bidding on? Keep the cash flowing through your financial pipes. Here’s a little-known fact about growing a plumbing business: It can be incredibly cash-hungry.

Cash Flow 52

Cash Flow Accounting Profitability Legal 52

Levelset

JULY 19, 2022

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. What kinds of jobs are they bidding on? Keep the cash flowing as smoothly as your paint. Here’s a little-known fact about growing a painting business: It can be incredibly cash-hungry.

Cash Flow 52

Cash Flow Accounting Profitability Residential 52

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. Lower insurance costs mean project managers can submit more competitive bids on a job because they are no longer worried about higher employee costs-a win-win all around! document management. Add new tag.

Construction 136

Construction Insurance Software Software 136

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. This in turn lets the estimators use equipment rates that are spot on when estimating forthcoming work, which helps to get new work, and bring that work in profitably. Add new tag.

Construction 136

Construction Software Software Equipment 136

Construction Business Owner

JANUARY 13, 2012

« The Expensive Process of Bidding. document management. document management. About Us Contact Us Advertise Press Releases Upload Artwork Via FTP -->. Free Subscriptions. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Home » Blogs. Add new tag. business development. construction.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

NOVEMBER 18, 2013

And as always, we recommend you have any legal document reviewed by your attorney or legal counsel before using it. A lot of our contractor clients have needed an Accident Prevention Program to include with their bid submittal package and some of them have found this resource useful. We hope you do too!

Accidents 48

Accidents Accounting Construction Profitability 48

Construction Business Owner

APRIL 4, 2011

While we all would love to receive 100% correct and complete design documents, we all know that is more of a target than a reality. – will ultimately determine if you are on the bid list or in the negotiating room for the next project. document management. document management. Add new tag. business development.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

AUGUST 25, 2014

In normal times, contractors who pay close attention to their Five Key Performance Indicators financial reports and stay aware of the macro global economy and the micro local economy can plan ahead and earn a normal profit after paying the owners a reasonable salary. Pent Up Demand #01 - Deferred maintenance.

Contractors 48

Contractors Accounting Hawaii Profitability 48

Contractor Bookkeeping

NOVEMBER 30, 2012

Have you checked your QuickBooks Profit and Loss report lately? Can you create that bid in an efficient manner on using your cell phone app? Being able to Scan, Print, and save documents in a PDF format is becoming a must. Numerous large businesses will request documents filled out and returned via FAX. All is well!

Equipment 49

Equipment Cash Flow Construction Banking 49

Contractor Bookkeeping

JULY 30, 2014

This includes a custom estimate sheet on Excel that they use to bid each job. The Seasoned Builder has processes in place for Bidding, tracking Certificate of Insurance , W9’s and making sure that a Specialty Contractor is paid only once for the work that is performed. You don’t really need the receipts. Warm Regards, Need Help Now?

Accounting 49

Accounting Housing Construction Contractors 49

Pro Builder

JUNE 6, 2022

While all of that is good news for home builders, simply ramping up volume and sales isn’t synonymous with increasing net profits. They pay vendor invoices without any variance documentation. Many of them are living off their cash flow and getting upside down on their construction draws, which can be the kiss of death.

Management 52

Management Cash Flow Profitability Schedule 52

Autodesk Construction Cloud

JANUARY 6, 2022

The benefits of collaboration may include fewer changes and rework, a higher likelihood of an on-time delivery, higher profits, fewer wasted materials, and other important positives. Each member of the construction team is forced to compete with the others to earn a reasonable profit; delays, conflicts, and disputes are common.”.

Construction 52

Construction Estimating Design Budgeting 52

Contractor Bookkeeping

JANUARY 2, 2015

The idea was you would do all the work they would get half the profits and you politely refused, or not? Tax Advantages For LLC or a Sub S - If you do not setup your corporation correctly the profit or loss from your business will be passed through to the owners as normal income. 20% Of The Contractors Earn And Keep 80% Of The Profits.

Construction 48

Construction Insurance Accounting Claims 48

Contractor Bookkeeping

JUNE 20, 2014

You do all the work they get half the profits and you politely refuse. Tax Advantages For LLC or a Sub S - The profit or loss from your business is passed through to the owners as normal income. Your business plan is a living breathing document that you will change and update as needed. This is getting very stressful.

Insurance 48

Insurance Construction Accounting Claims 48

Autodesk Construction Cloud

MARCH 7, 2022

Doing so requires significant investment in monitoring timelines, building in efficiencies, and managing budgets to ensure the best results and greatest profitability. . The bidding process is one of the most time-consuming and critical to ensure cash flow and steady work.

Contractors 98

Contractors Innovation Bidding Resource 98

Contractor Bookkeeping

JUNE 15, 2012

You do all the work they get half the profits and you politely refuse. Tax Advantages For LLC or a Sub S - The profit or loss from your business is passed through to the owners as normal income. Your business plan is a living breathing document that you will change and update as needed. This is getting very stressful.

Contractors 48

Contractors Insurance Claims Lien 48

Autodesk Construction Cloud

SEPTEMBER 1, 2022

Knowing which contract to use when is critical to ensuring a successful outcome in delivery, customer satisfaction, and profit. Knowing which general construction contract to use and when to use one is vital to a successful project, your customers’ satisfaction, and your profits. Plus, you know you’ll incur a profit.

Contract 98

Contract Maine Construction Agreement 98

Autodesk Construction Cloud

JULY 7, 2022

In the last few years, we’ve seen more bidding activity on fewer jobs, indicating an increase in competition for construction projects. . To win more work, firms must be able to quickly deliver competitive bids that stand out. . Cash Flow Issues. Not getting paid on time puts many SMBs in a cash crunch.

Software 105

Software Software Management Construction 105