Levelset

AUGUST 4, 2022

Running an architectural firm is a bit different than other companies in the construction industry. However, like any other business, you need to maintain positive cash flow or you may find yourself unable to pay your workers and other expenses. Cash flow basics. Cash flow projections.

Cash Flow 52

Cash Flow Budgeting Budget Forecasting 52

Autodesk Construction Cloud

AUGUST 11, 2021

For any business, having enough operational cash on hand is critical. Without being able to accurately forecast cash flow, making important decisions about the future of your firm or projects is a risky venture at best. So, how can your team ensure appropriate forecasts are created to maximize profit?

Cash Flow 52

Cash Flow Forecasting Autodesk Construction 52

Lets Build

JULY 8, 2022

In many respects, the answer to the question “How has COVID affected the construction industry?” Despite a temporary halt in construction during pandemic lockdowns, the impact on construction was relatively short-lived. Nonetheless, the industry has changed radically since February 2020. Impact of economic shocks.

Industrial 148

Industrial Construction Cash Flow Retail 148

Lets Build

APRIL 6, 2022

Almost every construction professional faces the same problem – cash flow. Large upfront costs and long waiting periods between payments are a normal occurrence; retainage adds to this cash flow problem for contractors and project managers. Retainage in construction defined.

Cash Flow 147

Cash Flow Lien Construction Negotiation 147

Autodesk Construction Cloud

JUNE 8, 2023

The famous Aristotle quote that goes, “Well begun is half done,” rings very true in the construction industry. That’s why investing in a fully integrated construction ecosystem enables you to streamline preconstruction tasks and set your team up for success is crucial. How do you accomplish this?

Profitability 98

Profitability Bidding Estimating Risk 98

Carol Hagen

JULY 1, 2009

We all know that cash flow is the life blood of our business (whether you’re a contractor or a CPA firm). To see your future rather than the past, to become more goal oriented, take a peek at Up Your Cash Flow (UYCF). For those of you that do forecasting, I’ve noticed that Microsoft Excel is popular.

Cash Flow 100

Cash Flow Forecasting Profitability Consulting 100

Pro Builder

JUNE 12, 2020

How Just-in-Time Land Deals Help Manage Cash Flow. The home building industry has historically benefited from advancements in building materials, technological innovation , long-term mortgage financing, and government support. But what happens during an industry slowdown ? Fri, 06/12/2020 - 05:00. Justin Onorato. .

Cash Flow 64

Cash Flow Deals Management Inventory 64

Autodesk Construction Cloud

FEBRUARY 1, 2024

A strong financial base in construction is as vital for success as a solid physical foundation is for any building project. Despite this, both general contractors and subcontractors struggle with the complexities of the payment process and face significant cash flow obstacles. Industry research supports these sentiments.

Autodesk 87

Autodesk Cash Flow Construction Risk 87

Contractor Bookkeeping

AUGUST 26, 2022

Knowledge leads to profits and cash flow. In this cutthroat construction industry, you may not be able to outgrow your competition forever, but you can always outlearn them. Knowing The 80/20 Rule For Construction Contractors will surely help: 20% of your customers typically generate 80% of your net profit.

Cash Flow 100

Cash Flow Profitability Contractors Industrial 100

Construction Enquirer

JUNE 2, 2023

Kent based contractor Claritas Group is heading for liquidation after being sunk by cash-flow and inflationary pressures. “The challenge of cash flowing and managing the losses associated with the inflationary pressures of these uncertain times was just too great. turnover generating a pre-tax profit of £455,000.

Cash Flow 97

Cash Flow Accounting Industrial US 97

Contractor Bookkeeping

JANUARY 7, 2022

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 microlocal economy can plan and earn an expected profit after paying themselves a reasonable salary.

Industrial 94

Industrial Forecasting Construction Profitability 94

Contractor Bookkeeping

SEPTEMBER 3, 2019

Knowledge leads to profits and cash flow. In this cutthroat construction industry, you may not be able to outgrow your competition forever, but you can always outlearn them. What makes knowledge powerful? Use of knowledge. Randalism: If you know the answers, the questions will not bother you.

Cash Flow 49

Cash Flow Industrial Profitability Construction 49

Viewpoint Construction Technology

MAY 24, 2018

Construction companies of all sizes and across all regions are realizing the need to adopt the latest technologies into their operations in order to keep up with demand and to remain profitable. Implementing technology in a construction company comes with a great deal of change. However, this is easier said than done.

Profitability 149

Profitability Cash Flow Management Houston 149

Lets Build

DECEMBER 2, 2022

It’s a curious paradox that few industries are as tightly regulated and controlled as the construction sector, yet at the same time, few industries are as vulnerable to unexpected events. From ambient weather to subcontractor failures, construction projects can be derailed in numerous ways. Supplier and vendor failures.

Management 156

Management Construction Risk Cash Flow 156

Levelset

MARCH 11, 2022

It’s time to re-educate the construction industry and reframe the “low bid wins” philosophy. In addition, they make less per project and ultimately end up with too little profit, if any, to grow. Owners or developers frequently push for the low-bid procurement method in construction. General contractors, I don’t envy you.

Bidding 98

Bidding Cash Flow Contractors Procurement 98

Construction Enquirer

JUNE 25, 2023

The Kent based contractor confirmed earlier this month that it was heading for liquidation following cash flow and inflationary pressures. In many ways, you are the most important cog in our diverse and fragmented industry. turnover generating a pre-tax profit of £455,000. Details show trade creditors owed £2.7m

Cash Flow 88

Cash Flow Debt Profitability Education 88

Contractor Bookkeeping

JANUARY 27, 2023

Inflation has ballooned worldwide in recent months, and there's no question that small construction businesses are feeling the pinch. Supplies cost more, employees are hard to find, and your profits are shrinking. Otherwise, you will eventually run out of cash reserves and be out of business.

Profitability 99

Profitability Construction Deals Industrial 99

Construction Business Owner

SEPTEMBER 1, 2022

How Inventory Control Saves Construction Teams Resources. Practicing inventory control helps your construction team save time & money while keeping you organized. All sorts of businesses rely on inventory to provide goods and services to their customers, but when it comes to construction, supplies and materials are truly essential.

Inventory 226

Inventory Resource Construction Materials 226

Viewpoint Construction Technology

OCTOBER 23, 2018

Construction sites these days have no shortage of data: design and BIM data from the planning stages of a project, jobsite data collected by wearables, mobile devices and sensors on equipment/materials, accounting and job progress data from the office, project management data and much more. Diving Deeper into Construction Data.

Construction 225

Construction Software Software Cash Flow 225

Autodesk Construction Cloud

DECEMBER 12, 2021

Why Construction Teams Should Be Tracking Way More Than Financials. In fact, 43% of construction firms prioritize immediate financial goals over organizational resilience. Below, let’s discuss the importance of construction KPIs and critical metrics your company should be measuring to affect profits and productivity.

Profitability 52

Profitability Products CFMA Construction 52

Pro Builder

APRIL 13, 2021

BuildTools Delivers Major Productivity and Profitability Gains for Home Builders. Bast brings productivity and profitability gains to home builders. BuildTools integrates all facets of the construction process. Bast’s move to BuildTools was driven primarily by the meltdown of the construction industry back in 2010.

Profitability 52

Profitability Products Software Software 52

Construction Business Owner

MARCH 1, 2012

Construction Law. Construction Safety. Industry News. Industry Statistics. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Data Security in the Cloud » Collaborating on Cash flow. Construction is a Team Sport. Software & Technology.

Cash Flow 120

Cash Flow Construction Software Software 120

Levelset

JUNE 14, 2022

Construction material costs are rising along with high fuel prices , affecting lead times and project success. As reported by the US Census Bureau, the construction industry is experiencing the most significant price hike since the 1970s as specialty contractors carry the burden of upfront, out-of-pocket expenses required to start new jobs.

Materials 52

Materials Cash Flow Deals Finance 52

Fieldwire

AUGUST 14, 2023

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. The industry’s retainage practices throw another wrinkle into the process. This can be used in a couple of different ways.

Contractors 98

Contractors Cash Flow Lien Negotiation 98

Levelset

JULY 11, 2022

There is no shortage of work in the construction industry right now. Delayed payment is felt by nearly 90% of contractors, according to Levelset’s 2021 Construction Cash Flow & Payment Report. Learn more about construction financial management with this free course. . Bid bigger.

Cash Flow 52

Cash Flow Bidding Finance Materials 52

Lets Build

AUGUST 4, 2023

In today’s construction industry, the success of your projects hinges on investing in the right digital and technological solutions. Such solutions play a vital role in different phases and areas of construction, including on-site coordination, execution, safety, communication, etc. This allows you to work within the budget.

Software 78

Software Software Construction Budgeting 78

Lets Build

AUGUST 4, 2023

In today’s construction industry, the success of your projects hinges on investing in the right digital and technological solutions. Such solutions play a vital role in different phases and areas of construction, including on-site coordination, execution, safety, communication, etc. This allows you to work within the budget.

Software 78

Software Software Construction Budgeting 78

Viewpoint Construction Technology

FEBRUARY 7, 2019

A Challenging Industry Warrants Sophisticated Tools. Considering contractors face ongoing high pressure to perform and operate with razor-thin profit margins, there’s no doubt: construction is a challenging industry. It seems like Spectrum is on the forefront of construction accounting software.”

Contractors 161

Contractors Cash Flow Construction Management 161

Contractor Bookkeeping

SEPTEMBER 3, 2021

You started your construction business with plans of earning a living and being successful, but an unfortunate fact of business life is that companies suffer financial hardships. Almost all business sectors have experienced declining profits, liquidity that is drying out, and even bankruptcy.

Bankruptcy 81

Bankruptcy Finance Construction Profitability 81

Construction Business Owner

OCTOBER 26, 2011

Construction Law. Construction Safety. Industry News. Industry Statistics. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. « The (Construction) Telephone Game. « The (Construction) Telephone Game. Back to Cash Flow. Green Building.

Cash Flow 120

Cash Flow Construction Software Software 120

Autodesk Construction Cloud

OCTOBER 28, 2021

Every year, Autodesk University (AU) brings industry knowledge to light, leaving construction professionals from across the globe with a wealth of actionable insights. Jump to industry learning: Great decisions require access to great data. Modern construction cost management relies on connected workflows.

Autodesk 52

Autodesk Industrial Construction BIM 52

Construction Business Owner

APRIL 1, 2011

Construction Law. Construction Safety. Industry News. Industry Statistics. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Healthy Competition » Free Webinar on Reducing Profit Fade. Is There No Free Lunch or Construction Software? People Management.

Cash Flow 120

Cash Flow Construction Software Software 120

Contractor Bookkeeping

FEBRUARY 4, 2022

As your business grows–or as you look to take a minor role in your construction company–you may find the industry has become over-reliant on you, which makes it difficult for you to take a step back. Accounting - manages the money to maintain operations and produce a reasonable profit. Have you M.A.P.ped your business yet?

Accounting 93

Accounting Construction Profitability Budgeting 93

Pro Builder

JANUARY 31, 2023

The next-best average net profit of 11.41 generated net profits in excess of 12%, with 6.8% recording net profits of more than 20%, which comes out to an average net profit of 12.06%—a record in the 29-year history of our survey (see chart, below). was recorded in 2020. Builders recording losses represented 6.5%

Inventory 98

Inventory Housing Profitability Cash Flow 98

Contractor Bookkeeping

APRIL 2, 2019

The time, effort, and money you’ve put through in running your construction business is a testament of your commitment to this industry. The “rest” as you know, is where your cash flow and profit depend – construction bookkeeping and accounting.

Cash Flow 50

Cash Flow Accounting Profitability Contractors 50

Pro Builder

JUNE 6, 2022

Over the last 10 years, the housing industry has been recovering from the Great Recession when single-family housing starts plummeted over 80% in three years and more than half of home building and trade contractor businesses went bust. When you’re out of cash, you’re out of business. When you’re out of cash, you’re out of business.

Management 52

Management Cash Flow Profitability Schedule 52

Viewpoint Construction Technology

NOVEMBER 5, 2018

The right construction management software can help construction organisations stay on top of compliance issues. The fact of life about running a construction-related firm is that adherence to regulations, laws and specifications is a gargantuan challenge.

Software 130

Software Software Management Construction 130