Remove Cash Flow Remove Forecasting Remove Inventory Remove Project Management
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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

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. Embrace Automation. Speed Up Receivables.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

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. Embrace Automation. Speed Up Receivables.

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

ProcurementExpress.com

In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. WIP is one element of an inventory account.

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

ProcurementExpress.com

In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. WIP is one element of an inventory account.

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How to Get Your Supers to Actually Fill Out Daily Reports

ProcurementExpress.com

These documents contain a wealth of information, providing insights that can inform future contracts, estimates, and inventory management. The problem is that supers and project managers often skip out on daily reporting or breeze through the steps. Are there pending shipments holding up the project?

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How to Get Your Supers to Actually Fill Out Daily Reports

ProcurementExpress.com

These documents contain a wealth of information, providing insights that can inform future contracts, estimates, and inventory management. . The problem is that supers and project managers often skip out on daily reporting or breeze through the steps. Are there pending shipments holding up the project?

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Keep Construction Office & Operations Teams Happy with These ERP & Financial Integrations  

Autodesk Construction Cloud

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.

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