ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. No two projects look the same, and even the best-prepared estimates give contractors and clients only a partial picture of the actual scope of work and the costs involved. Speed Up Receivables. Use Financing to Provide a Cushion.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. No two projects look the same, and even the best-prepared estimates give contractors and clients only a partial picture of the actual scope of work and the costs involved. Speed Up Receivables. Use Financing to Provide a Cushion.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52

Autodesk Construction Cloud

JANUARY 19, 2022

Cash flow can make or break any business, especially in the construction industry. To successfully grow, construction firms need to effectively manage cash flow to procure materials, pay vendors and salaries, fund new projects, and finance other day-to-day business operations. Properly manage change orders.

Cash Flow 59

Cash Flow Management Profitability Change Orders 59

Construction Business Owner

APRIL 1, 2011

One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs. Committing Intentional Project Communications. Management.

Cash Flow 120

Cash Flow Construction Software Software 120

Construction Business Owner

NOVEMBER 3, 2011

Being the Best » The New Estimating Tool – Superintendents. Gregg is a consultant with FMI and specializes in the areas of productivity and project management. Estimating departments have added a new tool to their repertoire – superintendent and foremen input. Committing Intentional Project Communications.

Construction 120

Construction Software Software Accounting 120

ProcurementExpress.com

AUGUST 12, 2019

They provide an ongoing record of incidents, conditions, and the full range of tasks related to a project in progress. These documents contain a wealth of information, providing insights that can inform future contracts, estimates, and inventory management. The benefits of daily reports are undeniable. Click To Tweet.

Documentation 81

Documentation Contract Site Budgeting 81

Construction Business Owner

APRIL 26, 2012

Legal language is often unclear, resulting in differences in interpretations that can disrupt and delay projects, increasing costs. Also make sure your project managers understand the contract language fully. Remember that your leverage is strongest before the project is finished. Was your initial estimate off?

Change Orders 120

Change Orders Construction Profitability 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. You’re dealing with subcontractors, labor shortages, sourcing, and multiple projects on multiple deadlines. Project Management. Estimation tool. Document management. Click To Tweet.

Procurement 63

Procurement Plans Construction Budgeting 63

ProcurementExpress.com

FEBRUARY 11, 2019

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. You’re dealing with subcontractors, labor shortages, sourcing, and multiple projects on multiple deadlines. Project Management. Estimation tool. Document management.

Procurement 52

Procurement Plans Construction Budgeting 52

Construction Business Owner

OCTOBER 10, 2011

Most of all, I learned that workforce management and structuring your company appropriately is one of the biggest challenges contractors face. What I heard is that finding the right person for an estimator and a project manager is crucial to success. Committing Intentional Project Communications. Management.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

NOVEMBER 8, 2011

« The New Estimating Tool – Superintendents. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. construction management software. document management. document management. Management.

Construction 174

Construction Software Software Accounting 174

Construction Business Owner

JULY 5, 2011

However, estimates show in order to properly maintain the current system and expand it to meet future needs, we need to invest $225 to $340 billion annually.”. AEM estimates that 35,000 jobs—many of which are in construction— are created every time $1 billion is invested in our infrastructure. construction management.

Construction 120

Construction Software Software Accounting 120

ProcurementExpress.com

AUGUST 12, 2019

They provide an ongoing record of incidents, conditions, and the full range of tasks related to a project in progress. . These documents contain a wealth of information, providing insights that can inform future contracts, estimates, and inventory management. . The benefits of daily reports are undeniable.

Documentation 52

Documentation Contract Site Budgeting 52

Construction Business Owner

APRIL 12, 2012

And, just last week, the United States Green Building Council published a report that estimates from 2009-2013 the green building industry will support 8 million jobs throughout the economy. Good document management software will be able to keep those certifications on file. Committing Intentional Project Communications.

Construction 120

Construction Certification Green Software 120

Construction Business Owner

APRIL 21, 2011

Or maybe your accounting is solid, but your estimating is done using spreadsheets and it’s time to look into a trade-specific estimating program. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. document management.

Construction 136

Construction Software Software Accounting 136

Construction Business Owner

FEBRUARY 2, 2012

When evaluating estimators, he says, “Business owners should not base estimating success simply on jobs awarded. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. construction management software. document management.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

MARCH 29, 2012

Until recently, those drawings were produced by hand, but in the last 25 years or so, computers have become the primary tool people use to produce construction documents. The construction site as an assembly site reduces coordination errors, and costs, which is why more owners are requesting that their projects be developed using BIM.

Construction 120

Construction BIM Software Software 120

Construction Business Owner

FEBRUARY 17, 2011

Today, new software applications – in job cost accounting, project management, estimating, etc. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. construction management software. document management.

Construction 149

Construction Software Software Accounting 149

Construction Business Owner

JANUARY 5, 2012

There are fewer projects to bid and what projects are available are being bid by more people. One way to bid more work, without giving your estimator a quick trip to the funny farm, is to identify additional sources of project bid lists. Committing Intentional Project Communications. construction management.

Construction 120

Construction Bidding Software Software 120

Construction Business Owner

OCTOBER 14, 2011

Yet it’s a surprisingly common practice for business owners to bid at losses, and when I ask them how they plan to come out in the black on the other side of these projects, the nearly universal answer is “We’ll make it up in change orders.” Committing Intentional Project Communications. construction management.

Change Orders 120

Change Orders Construction Software Software 120

Construction Business Owner

NOVEMBER 17, 2011

By gathering repair, maintenance and ownership costs, and accurate meter readings from each piece of equipment, the equipment manager of a well run operation can know how each piece of equipment within a class is performing, and keep rates constant by making proper repair/replace decisions within the fleet. construction management.

Construction 136

Construction Software Software Equipment 136

Construction Business Owner

APRIL 4, 2011

It is up to us, the contractor, to shape the message effectively and communicate to the client what the building will cost, an estimated time line to completion and any inherent issues that need to be addressed as early in the project as possible. Committing Intentional Project Communications. construction management.

Construction 120

Construction Software Software Accounting 120

Autodesk Construction Cloud

SEPTEMBER 19, 2023

Files | Append Custom Attributes During Export – When exporting PDF files in the Files tool, members can now add up to five custom attributes to the file name as well as reorder the custom attributes, providing more flexibility and customizability to the document management workflow.

Autodesk 122

Autodesk Products BIM Cash Flow 122

Contractor Bookkeeping

NOVEMBER 15, 2013

03 Job Costing Reports like Profit & Loss By Job, Job Profitability and Estimates Vs. Actual Reports provide you with the foundation reports that can help you understand where you construction company is making an losing money. Because What Gets Measured Gets Managed! QuickBooks Job Estimate Reports. QuickBooks Cash Report.

Accounting 48

Accounting Construction Profitability Project Management 48

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. BPM – Business Process Management for construction company owners to grow passive income streams.

Contractors 63

Contractors Cash Flow Construction Accounting 63

Autodesk Construction Cloud

JANUARY 6, 2022

Moreover, “Progress is hampered by poor coordination between trades, incomplete drawings and specifications, and underfunding by the owner that slows cash flow and causes further conflict and delay. Collaboration between design and estimating is key. Doug Heinrich, Estimating Director at Mortenson, echoed this experience.

Construction 52

Construction Estimating Design Budgeting 52

Contractor Bookkeeping

JULY 28, 2014

And we use them as source documents for bookkeeping entries. All construction problems are related to cash flow or communication. As soon as I need money I will ask for it - See Cash Flow Diagram. To calculate it take the contract amount and divide it by the estimated number of weeks to complete.

Contractors 48

Contractors Change Orders Accounting Cash Flow 48

Construction Cost Estimating

APRIL 25, 2019

Sage Estimating Sage Estimating can significantly accelerate the estimating process for several construction firms. As soon as the project is procured, estimate details flow automatically into Sage business management software, removing unnecessary tasks and data entry errors.

Bidding 40

Bidding Estimating Software Software 40

Construction Business Owner

JANUARY 4, 2011

When I started working in the industry we still used payphones to call the office from the “field” We used paper estimates, a calculator and copy machines. In that relatively short time frame I am able to draft an email from 30,000 feet and send it into the ether to any number of project team members. Management.

Construction 120

Construction Software Software US 120

Autodesk Construction Cloud

MAY 5, 2023

Historically, accounting and IT departments have managed enterprise resource planning (ERP) environments and forced project management teams to make these solutions work for operations. ERPs can be configured to meet the needs of accounting teams, and their on-prem deployment allowed IT to control accessibility.

Office 52

Office Autodesk Accounting Project Management 52

ProcurementExpress.com

NOVEMBER 30, 2016

That may mean projects are not sufficiently funded to ensure a high-quality outcome or to withstand surprises that result in added costs and slimmer margins. Underbid projects. For many project-based CFO’s, having the ability to estimate what a project will cost is a necessary skill to have, but a difficult one to master.

Risk 52

Risk Construction Plans Structural Engineering 52

Contractor Bookkeeping

JUNE 20, 2014

Your business plan is a living breathing document that you will change and update as needed. If you are thinking of doing your own bookkeeping think again, your time is more valuable in managing your business, getting customers and keeping them happy. Estimating Process - There is no one right answer. Garbage In = Garbage Out!

Insurance 48

Insurance Construction Accounting Claims 48

Contractor Bookkeeping

JANUARY 2, 2015

Your business plan is a living breathing document that you will change and update as needed. If you are thinking of doing your own construction bookkeeping think again, your time is more valuable in managing your business, getting customers and keeping them happy. Estimating Process - There is no one right answer.

Construction 48

Construction Insurance Accounting Claims 48

ProcurementExpress.com

NOVEMBER 30, 2016

That may mean projects are not sufficiently funded to ensure a high-quality outcome or to withstand surprises that result in added costs and slimmer margins. Underbid projects. For many project-based CFO’s, having the ability to estimate what a project will cost is a necessary skill to have, but a difficult one to master.

Risk 40

Risk Construction Plans Structural Engineering 40

Construction Cost Estimating

FEBRUARY 21, 2012

Construction Cost Estimating Blog. Construction Project Management & accounting software plays a vital role for construction companies. Construction companies can reap huge benefits by applying the Project management software in their projects. Given below some exclusive project management softwares :-.

Project Management 40

Project Management Software Software Accounting 40

Autodesk Construction Cloud

FEBRUARY 9, 2022

Billd allows you to take complete control of your cash flow and run your business on your terms. Access Billd’s financing solutions directly within Autodesk Construction Cloud, alongside key project workflows. You can easily embed Billd in an Autodesk Build or BIM 360 Project Home dashboard to access their financing solutions.

Autodesk 98

Autodesk Construction BIM Safety 98

Autodesk Construction Cloud

DECEMBER 2, 2021

A cost management plan helps keep a job on budget. 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. The Pitfalls of Poor Cost Management in Construction.

Management 52

Management Change Orders Construction Budgeting 52