Contractor Bookkeeping

OCTOBER 4, 2013

There are a number of people who pass out advice on how to start a profitable construction company; however, very few have actually done it and fewer still had a clear understanding of where they were making or losing money and fewer yet have ever gotten past the point of owning a J.O.B. If You Know Exactly What To Do.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Construction Business Owner

JUNE 29, 2012

Consider these three vital areas: Construction Project Documents: How do you move documents through your organization? When documents are created or modified, are the appropriate people notified? There are a number of software packages out there that allow document sharing. document management. Add new tag.

Construction 136

Construction Documentation Software Software 136

Construction Business Owner

MAY 31, 2011

ROPE stands for Research, Organize, Plan, and Execute. Organize the research. Our lead analyst organizes information into logical components and processes. Organize the research. Our lead analyst organizes information into logical components and processes. document management. document management.

Construction 149

Construction Software Software Accounting 149

Construction Business Owner

AUGUST 18, 2011

In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. Other common reports bonding agents will look at include income statements, balance sheets, statements of cash flow, and job specific invoice aging reports. document management.

Cash Flow 168

Cash Flow Software Software Accounting 168

Autodesk Construction Cloud

OCTOBER 28, 2021

The “why” behind having good data is clear—making good decisions to empower better project outcomes and profitability. How to’s for leveraging permissions for document control and security. Discover the contract terms or documentation that will support and require more-sustainable design, processes, and practices.

Autodesk 52

Autodesk Industrial Construction BIM 52

Construction Business Owner

MAY 7, 2012

« Staying Focused in the Fight Against Profit Fade. From applications that make your meetings and webinars more collaborative to document management and social media apps to help you and your team organize, it seems collaboration is everywhere. document management. document management. Add new tag.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

FEBRUARY 2, 2012

So, I took some photos, wrote an RFI attached the photos to the document and sent it to the architect noting its urgent status. Do you have a process for organizing, storing and attaching all supporting documentation for an issue? Some, if not most issues revolve around document management and project team communication.

Construction 120

Construction Software Software Documentation 120

Construction Business Owner

MARCH 11, 2011

Free Webinar on Reducing Profit Fade » Game Changers. ” Recently I watched with the rest of the world as the people of Egypt used social media tools to organize a peaceful revolution that brought down a long reign of Mubarak. document management. document management. « “Stress” tests.

Construction 120

Construction Software Software Accounting 120

Levelset

JUNE 21, 2022

So read on to learn about strategies for cash flow, sales, finance, marketing, operations, staff, and leadership. Manage your cash flow as well as you handle air flow. An HVAC company that’s not managing cash flow is probably doing about as well as an AC unit that isn’t cooling.

Cash Flow 98

Cash Flow Accounting Profitability Residential 98

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. If leadership success was measured only on profitability, then there were certainly many “great leaders” sitting in the CEO position of many contracting companies. document management. foundation.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

MAY 24, 2012

But the point at which the office meets the field – where job progress is tracked, profitability is calculated, invoices and change orders are processed – this is the point where bad (or no) communications between the field and the office results in diminished performance and profits. document management. foundation.

Construction 120

Construction Software Software Iowa 120

Construction Business Owner

JUNE 1, 2012

From my own experience running an organization, I’ve found that there are a few fundamental approaches to internal communication and information sharing. By themselves, they can’t house important documents, such as 401K contribution forms, that your employees need to access on a regular basis. document management. Add new tag.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

JUNE 18, 2013

Cash flow issues kill contractors even though they have profit. Poor document management results in overpaying taxes. Poor document management results in overpaying taxes. Poor scheduling affects production and cash flow. Operate in the manner that is their organic, natural instinct (it feels right).

Cash Flow 48

Cash Flow Construction Change Orders Contractors 48

Contractor Bookkeeping

MAY 30, 2013

Organize them into three simple piles: Simple one-time investments. Discounted cash flows. From three bits of information and some custom reports we put into their QuickBooks For Contractors file we generate a one page summary report with support sub-documents as needed for them to make intelligent informed decisions.

Cash Flow 48

Cash Flow Profitability Equipment Estimating 48

Autodesk Construction Cloud

DECEMBER 18, 2021

The final days of a project have a huge impact on your overall profitability and success—as the saying goes, projects are remembered not by how they start but how they finish. The right tools and documents make it easier to complete project closeout and keep customers satisfied. Not so fast. Key Takeaways. The reverse bell curve.

Change Orders 52

Change Orders Documentation Equipment Risk 52

Levelset

JULY 22, 2022

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. 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. You need to be a master of your cash flow.

Cash Flow 52

Cash Flow Overhead Accounting Profitability 52

Contractor Bookkeeping

SEPTEMBER 25, 2013

Required Documentation May include other customers or advertising. Washington State Resellers Permit saves money and increase cash flow: [link]. Join a Trade Organization, Chamber of Commerce, setup a Facebook page. Is your #1 Favorite Customer adding / taking profits or cash flow?

Contractors 49

Contractors Cash Flow Washington Compensation 49

Levelset

JULY 15, 2022

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. 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. You need to be a master of your cash flow.

Electrical 52

Electrical Cash Flow Accounting Profitability 52

Levelset

JULY 18, 2022

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. 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. Review your cash flow regularly.

Cash Flow 52

Cash Flow Accounting Profitability Legal 52

Levelset

JUNE 21, 2022

So read on to learn about strategies for cash flow, sales, finance, marketing, operations, staff, and leadership. Manage your cash flow as well as you handle air flow. An HVAC company that’s not managing cash flow is probably doing about as well as an AC unit that isn’t cooling.

Cash Flow 52

Cash Flow Contractors Accounting Profitability 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. 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. Review your cash flow regularly.

Cash Flow 52

Cash Flow Accounting Profitability Residential 52

Construction Cost Estimating

MAY 23, 2012

The users can easily take control of profits as the software contains real time variance & cost ‐ to ‐ complete reporting, cash flow forecasting and profit analysis. Get the Web to Work: distribute information, documents & drawings amid your customers & trades. Blog Archive. ▼ 2012. (18).

Estimating 55

Estimating Software Software Sage 55

Construction Business Owner

MARCH 6, 2011

I would challenge you to create simple models that allow you to give your own organization random “stress” tests. document management. document management. I would challenge each of you to examine the basic assumptions that you make about your businesses. Add new tag. business development. change orders. foundation.

Construction 120

Construction Software Software Accounting 120

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. The bottom of the curve consists of the early years, which involve setting up the organization; establishing relationships with banks, trades, and suppliers; and developing a set of standard plans and a land bank.

Management 52

Management Cash Flow Profitability Schedule 52

Construction Business Owner

JANUARY 4, 2011

We needed it to promote the science of building and thinking of buildings as a complex organism, not just a few pieces stuck together. Not to double digit profit growth and sales increases, but to a more sustainable, long term path. document management. document management. We needed this wake up call. Add new tag.

Construction 120

Construction Software Software US 120

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? Get Organized - We strongly recommend a Subchapter S-Corp for tax advantages, protecting your personal assets in the event of a claim or lawsuit against your company and for future expansion. This is getting very stressful.

Construction 48

Construction Insurance Accounting Claims 48

Construction Business Owner

NOVEMBER 10, 2011

Taking these small steps within your organization can mean the difference between life and death. document management. document management. What kinds of practices keep you and your crew safe on a daily basis? I hope you enjoyed David’s blog this week. dexterchaney.com. Add new tag. business development. change orders.

Construction 120

Construction Software Software Safety 120

Contractor Bookkeeping

JUNE 20, 2014

You do all the work they get half the profits and you politely refuse. Get Organized - Pick a company name that says something about what you are doing. Tax Advantages For LLC or a Sub S - The profit or loss from your business is passed through to the owners as normal income. This is getting very stressful.

Insurance 48

Insurance Construction Accounting Claims 48

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

JUNE 15, 2012

You do all the work they get half the profits and you politely refuse. Get Organized - Pick a company name that says something about what you are doing. Tax Advantages For LLC or a Sub S - The profit or loss from your business is passed through to the owners as normal income. This is getting very stressful.

Contractors 48

Contractors Insurance Claims Lien 48

Autodesk Construction Cloud

MAY 5, 2023

They are implementing project and field management tasks, document controls, and third-party collaboration to extend beyond the internal focus of an ERP. Operations teams, who are responsible for managing projects and ensuring profitability, increasingly assert themselves as crucial stakeholders in software procurement and adoption.

Office 52

Office Autodesk Accounting Project Management 52

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

DECEMBER 2, 2021

When these are associated with cost items, cost data also stays organized and accessible. You can also download The Construction Cost Control Toolkit: Take control and improve profitability across all your projects. Setting accurate cost estimates and tracking budgets in real-time help with accurate forecasting and cost control.

Management 52

Management Change Orders Construction Budgeting 52

Construction Business Owner

JANUARY 10, 2012

As fortune would have it, this person was an incredibly good manager and truly organized our daily processes. document management. document management. Create a plan that makes sense. In the mid 1990’s when my company was growing, I hired a president. Add new tag. business development. change orders. cloud computing.

Construction 174

Construction Software Software Accounting 174

Autodesk Construction Cloud

JANUARY 9, 2024

This shift will encourage project teams to familiarize themselves with concepts like a common data environment through digital transformations, gradually replacing conventional methods of document sharing via email attachments. AI is generating interest as companies consider its potential impact on business operations and profitability.

Construction 137

Construction Autodesk Industrial Sustainability 137

Autodesk Construction Cloud

AUGUST 12, 2021

Sometimes referred to as the “language of business,” accounting personnel document an organization’s accounting activities to accurately measure financial performance. Instead of having one transaction, organizations may have multiple transactions occurring simultaneously across several project partners.

Accounting 52

Accounting Software Software FASB 52

Building Information Management

MARCH 19, 2013

It is also defined as the total cash flow of the project from the conceptual stage to the disposal stage (Bennett, 2003). The remainder of the paper is organized as follows. All the relevant information regarding the development of a project must be documented, as this will later be presented to the clients as evidence.

Life Cycle 53

Life Cycle Management BIM Engineering 53