Remove Cash Flow Remove Finance Remove Overhead Remove Products
article thumbnail

Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

WIP figures refer to products that are part-way through the production or assembly process. In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. Meaning, they’ve likely paid for most of the materials, labor, and overhead a while back. Well, not exactly.

article thumbnail

The Unique Challenges of Procurement Planning for Construction Companies

ProcurementExpress.com

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. A study from McKinsey found that construction productivity only increased by one percent in the past 20 years. Straight away, procurement, project management, and finance, should meet to discuss project requirements.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 Ways To Grow Your HVAC Business in 2022

Levelset

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.

article thumbnail

The Unique Challenges of Procurement Planning for Construction Companies

ProcurementExpress.com

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. A study from McKinsey found that construction productivity only increased by one percent in the past 20 years. Straight away, procurement, project management, and finance, should meet to discuss project requirements.

article thumbnail

How to Start a Roofing Business: 9 Tips to Grow & Thrive

Levelset

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. It’s important to keep your business’ finances separate from your personal accounts. New businesses can leverage technology, automation, and lower overhead costs to compete with existing businesses.

article thumbnail

Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

WIP figures refer to products that are part-way through the production or assembly process. In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. Meaning, they’ve likely paid for most of the materials, labor, and overhead a while back. Well, not exactly.

article thumbnail

How to Start a Plumbing Business: 9 Tips for Growth

Levelset

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. It’s important to keep your business’ finances separate from your personal accounts. Keep the cash flowing through your financial pipes. Review your cash flow regularly.