Viewpoint Construction Technology

APRIL 4, 2019

We are pleased he took time out of his busy schedule to share his expertise during one of our recent podcast episodes, Construction Economics and the State of the Industry. Having the ability to predict an economic downtown can help contractors manage cash and make appropriate decisions during a recession.

Viewpoint 204

Viewpoint Organization Cash Flow Industrial 204

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. trillion in global construction industry costs in 2020. That includes $88.69

Autodesk 52

Autodesk Industrial Construction BIM 52

Construction Business Owner

MARCH 1, 2012

Industry News. Industry Statistics. Data Security in the Cloud » Collaborating on Cash flow. The topic of cash flow never seems to get old – after all, sustained negative cash flow often results in slashing budgets, personnel, and in the worst cases shutting down of a company.

Cash Flow 120

Cash Flow Construction Software Software 120

cnstrctr

JULY 1, 2019

Keeping an owner, and your own company informed of the financial status of a project is just as important as quality and schedule. The second reason is for cash flow. These reports should summarize the overall budget, potential change orders, cash flow, risks and more. Schedule – Provide a schedule.

Cash Flow 60

Cash Flow Forecasting Construction Contract 60

Constructlaw

SEPTEMBER 10, 2020

Well, for the construction industry, it may never return to “normal.” COVID-19 may have permanently changed the landscape of the construction industry in many ways. Here are just a few issues that the pandemic has brought to the forefront of our industry. This is just a partial list of the impacts on our industry.

Industrial 52

Industrial Union Contract Claims 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. Here are the key features to consider: Scheduling : Every project requires a schedule to ensure every task is completed on time. This can boost productivity and secure your data.

Software 78

Software Software Construction Budgeting 78

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. This allows you to maximize cash flow without having to pay for additional software (well, unless you’re mailing out paper invoices and waiting for checks to come in). Speed Up Receivables. Use Financing to Provide a Cushion.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68

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

Autodesk Construction Cloud

JUNE 8, 2023

The famous Aristotle quote that goes, “Well begun is half done,” rings very true in the construction industry. It’s the most optimal period for identifying issues that may impact cost and schedule. Doing so enables you to eliminate potential change orders and pay applications, ultimately leading to better cash flow.

Profitability 98

Profitability Bidding Estimating Risk 98

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. Here are the key features to consider: Scheduling : Every project requires a schedule to ensure every task is completed on time. This can boost productivity and secure your data.

Software 78

Software Software Construction Budgeting 78

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. This allows you to maximize cash flow without having to pay for additional software (well, unless you’re mailing out paper invoices and waiting for checks to come in). Speed Up Receivables. Use Financing to Provide a Cushion.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52

Pro Builder

APRIL 19, 2021

The construction industry has gone through an extensive transformation, and technology has completely changed the concept of how to drive more quality, productivity, and profit into projects. 5 Reasons to Use Mechanical Contractor Software. Mon, 04/19/2021 - 06:00. 3) Estimating. 5) Material Planning & Document Management. The Crux.

Software 52

Software Software Contractors Change Orders 52

Lets Build

MAY 20, 2020

at UK BIM Task Force) during the recent Virtual Town Hall , organised by LetsBuild, perfectly describe the situation that the construction industry is currently in. Like every other industry around the world, construction is suffering the unprecedented impact of the Coronavirus outbreak. Some will handle the crisis better than others.

Construction 179

Construction Innovation Industrial BIM 179

Construction Cost Estimating

SEPTEMBER 19, 2017

Liabilities of a Quantity Surveyor: A Quantity Surveyor (QS) is a professional who mainly deals with construction costs and contracts associated with the Construction Industry. Once tenders are approved, the Quantity Surveyor arranges cash flow data for the client to outline his resources sufficiently to fulfill contract commitments.

Cash Flow 40

Cash Flow Construction Estimating Contract 40

Best Practices Construction Law

DECEMBER 5, 2012

What does it meant to "prosper" in the construction industry? It may mean that you have kept adequate cash flow to complete the projects in the pipeline. Depending on the size of your business, it may mean simply weathering the past few years with minimal layoffs.

Cash Flow 48

Cash Flow Contractors Houston BIM 48

Lets Build

JULY 8, 2022

In many respects, the answer to the question “How has COVID affected the construction industry?” Because this was internationally viewed as an essential industry, often taking place outside, construction companies and their staff were able to resume something approaching normal working conditions surprisingly rapidly.

Industrial 148

Industrial Construction Cash Flow Retail 148

Rory Woolsey

APRIL 15, 2012

Construction management in a nutshell is the planning, organizing, implementing and controlling of a projects time, costs, resources and cash flow. Examples of project organizing tools are budgets, schedules, cash flow diagrams, manning charts and resource schedules. Sunday, April 15, 2012.

Estimating 40

Estimating Cash Flow Organization Construction 40

Lets Build

APRIL 20, 2020

Construction schedule delays are a common problem within the industry and for a very good reason. Cash flow problems. Regardless of the type of the project, excessive administrative work and hours of never-ending meetings appear to be two of the main factors that lead to many schedule delays in construction.

Schedule 206

Schedule Construction Cash Flow Budgeting 206

Construction Business Owner

AUGUST 30, 2011

Industry News. Industry Statistics. For starters, it is designed for construction, so you’re getting software that handles the accounting and reporting challenges of your industry. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect. Forms and Checklists. Product Spotlight.

Construction 168

Construction Software Software Accounting 168

ProcurementExpress.com

JANUARY 2, 2019

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. What is the Point of a Work-in-Progress Schedule?

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

Construction Business Owner

NOVEMBER 17, 2011

Industry News. Industry Statistics. The problem with that is that sometimes critical information gets missed — especially when it comes to construction projects — and it can impact schedules and bottom lines. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect. Publications.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

MARCH 9, 2013

Maintain a fixed asset list with depreciation schedule. Enter Schedule of values for new jobs. Maintain the petty cash journal. Maintain records for changes in estimates, schedule of values and payment terms. Maintain records for changes in estimates, schedule of values and payment terms. Enter bank deposits.

Contractors 48

Contractors Cash Flow Banking Change Orders 48

Autodesk Construction Cloud

DECEMBER 12, 2021

Therefore, keeping a thumb on quality metrics is a surefire way to keep on budget and schedule. It would be aimed at avoiding tying up cash in the over-purchase of construction materials. The magazine points to “cash flow and receivables” as “backward-looking” or lagging financial indicators. Time to rectify defects.

Profitability 52

Profitability Products CFMA Construction 52

Rory Woolsey

FEBRUARY 28, 2012

Knowing where the key project metrics such as time , costs, resources , and cash flow are relative to a datum (the project plan). A poor plan for time, costs, resources and cash flow is sometimes worse than no plan. Time schedules, resource schedules and cash flow plans all come from a well thought out cost estimate.

Estimating 40

Estimating Cash Flow Budgeting Budget 40

Pro Builder

JUNE 9, 2021

The home building industry has been charging along at a pace beyond what we could have imagined or even hoped for following the outbreak of COVID-19 more than a year ago. Yet, here we are, with strong sales, great cash flow, abundant profits, and not enough people to build the homes. . Scott Sedam, Contributing Editor.

Profitability 98

Profitability Remodeling Cash Flow US 98

ProcurementExpress.com

JANUARY 2, 2019

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. What is the Point of a Work-in-Progress Schedule?

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

ProcurementExpress.com

FEBRUARY 11, 2019

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. For one, project management is huge—we recommend investing in a project management program specific to the construction industry. Calendars and scheduling. Click To Tweet. Project Management. Estimation tool.

Procurement 63

Procurement Plans Construction Budgeting 63

Autodesk Construction Cloud

JULY 8, 2021

A key piece is having the ability to see and compare how much specific items or tasks cost so you can correctly forecast and manage cash flow. . Using industry standard codes helps ensure that outside organizations can easily interpret them. This is where construction cost codes come into play. Profitability .

Construction 52

Construction Profitability Budgeting Budget 52

Construction Business Owner

APRIL 26, 2012

Industry News. Industry Statistics. If one owner consistently has moved walls or added doors, you may want to be sure any future contracts with that owner include very specific language regarding scope and specification changes, change orders and schedule revisions. Equipment Management. Resource Center. Ask the Expert.

Change Orders 120

Change Orders Construction Profitability Software 120

Job Order Contracting

DECEMBER 13, 2020

85%+of all projects are over budget (just 31% of all projects came within 10% of the budget in the past 3 years – KPMG) 52% of rework is caused by poor project data and miscommunication (2018 Industry Report – Construction Disconnected, FMI). 40-50% work is either rework or not “value-added work.” CHANGE MANAGEMENT.

Project Management 161

Project Management Capterra Organization Management 161

Construction Business Owner

MARCH 29, 2012

Industry News. Industry Statistics. Even the scheduling person can create a 4-D simulation (that’s one that includes time in addition to a 3-D model) of the construction project to determine the most efficient way to get the project built. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert.

Construction 120

Construction BIM Software 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. For one, project management is huge—we recommend investing in a project management program specific to the construction industry. Calendars and scheduling. ” username=””]. Project Management.

Procurement 52

Procurement Plans Construction Budgeting 52

Autodesk Construction Cloud

JANUARY 6, 2022

But given the realities of today’s industry, how can construction firms effectively foster trust and collaboration? High-trust firms are half as likely to have problems linked to slow data exchanges and twice as confident about meeting their budgets and project schedules. Traditionally, construction is a fragmented industry.

Construction 52

Construction Estimating Design Budgeting 52

Pro Builder

JUNE 9, 2021

The home building industry has been charging along at a pace beyond what we could have imagined or even hoped for following the outbreak of COVID-19 more than a year ago. Yet, here we are, with strong sales, great cash flow, abundant profits, and not enough people to build the homes. . Scott Sedam, Contributing Editor.

Remodeling 52

Remodeling Cash Flow Profitability US 52

Construction Business Owner

MARCH 22, 2012

Industry News. Industry Statistics. We identified a few basic topics to put some thought into when creating a marketing strategy: Marketing Research, Target Market(s), Product, Price, Promotion, Place, Position, Schedules, and Budgets. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

FEBRUARY 28, 2014

Cash flow issues kill contractors even though they have profit. Poor scheduling affects production and cash flow. Work-In-Progress (WIP) report the ultimate gauge for cash flow and least understood. Every contractor with cash flow problems works too hard, has too many clients and sells to much.

Profitability 48

Profitability Contractors Cash Flow Accounting 48

Levelset

APRIL 7, 2022

Review the scope of work, schedule, and payment terms to ensure they know their rights – and their responsibilities. While this won’t necessarily protect them from a lien, it does give you the opportunity to plan for tighter cash flow. The best place to set expectations is in the construction contract. Be responsive.

Contractors 52

Contractors Lien Education Housing 52