Lets Build

AUGUST 4, 2023

During any project, the execution stage is usually the most important — it determines the trajectory and timelines of the entire project. Getting your project off on the right foot can minimize bottlenecks and breakdowns down the road and ensure successful deliverables. This can boost productivity and secure your data.

Software 78

Software Software Construction Budgeting 78

Construction Business Owner

MARCH 1, 2012

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. Technology for Collaboration & Cash Flow.

Cash Flow 120

Cash Flow Construction Software Software 120

Pro Builder

APRIL 19, 2021

Construction software technology has not only helped general contractors but assisted trade contractors to provide their vital services and bring projects to completion. Since construction sites involve numerous planned and unplanned activities, the software can help contractors and project managers have better control of time.

Software 52

Software Software Contractors Change Orders 52

Job Order Contracting

DECEMBER 13, 2020

Organizations that do not implement and continuously import upon a program-based approach, under which all projects a planned, procured, and executed, suffer from unclear objectives , shifting requirements , unrealistic schedule s, and reactive planning , Poor planning and poor change management impede individual project successes.

Project Management 161

Project Management Capterra Organization Management 161

PSMJ Resources

APRIL 30, 2012

Do Small Projects Need Schedules? Is it really critical that small projects have a schedule? Here are some of the most important reasons that schedules are developed: 1) First and foremost, you always want to get the work done on time. Without a schedule, it gets done when it gets done. course it is!

Schedule 46

Schedule Resource Cash Flow Project Management 46

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. How will a recession impact projects or contractual obligations? Basu is the current CEO of Sage Policy Group, Inc. ‘Never waste a good recession’.

Viewpoint 204

Viewpoint Organization Cash Flow Industrial 204

Pro Builder

APRIL 19, 2021

million wood-framed project, called 4125 Chestnut, was made up of 75 modular units for a total of 130 units and completed in 2019. Prefab project success can only be quantified by exceeding the schedule of a site-built project, in my opinion. No other metric is as important.

Cash Flow 52

Cash Flow Philadelphia Change Orders Structural Engineering 52

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

PSMJ Resources

MARCH 26, 2012

Effective Project Managers Need Authority. Clients want strong project leaders rather than mere project “administrators” who’ll simply manage things and move them around. The PM must understand finance and serve as the last bastion of the firm’s cash flow picture.

Project Management 43

Project Management Resource Management Cash Flow 43

Autodesk Construction Cloud

JUNE 8, 2023

Because preconstruction offers the biggest opportunity to de-risk a project. It’s the most optimal period for identifying issues that may impact cost and schedule. Integrate design with downstream processes A typical $100 million project takes around 30 months in design and preconstruction. How do you accomplish this?

Profitability 98

Profitability Bidding Estimating Risk 98

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

AUGUST 30, 2011

Built-in AIA billings, time and material and unit price billings, project management, equipment tracking, service dispatch, scheduling and dashboards for specific performance reporting are just a few of the other perks that construction-specific systems can offer. Committing Intentional Project Communications. Management.

Construction 168

Construction Software Software Accounting 168

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. Construction projects are made up of hundreds of interdependent tasks that have a specific order that they must occur. Sunday, April 15, 2012. It Dont Come Easy!

Estimating 40

Estimating Cash Flow Organization Construction 40

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. Document management. Calendars and scheduling. Click To Tweet.

Procurement 63

Procurement Plans Construction Budgeting 63

Lets Build

APRIL 20, 2020

Construction schedule delays are a common problem within the industry and for a very good reason. As reported by McKinsey and Company, an average project in construction is expected to experience a minimum 20-month delay and an 80% budget overrun. Cash flow problems. Extra cost for materials and storage. Legal disputes.

Schedule 206

Schedule Construction Cash Flow Budgeting 206

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. Document management. Calendars and scheduling. Estimation tool.

Procurement 52

Procurement Plans Construction Budgeting 52

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. construction management.

Change Orders 120

Change Orders Construction Profitability Software 120

ProcurementExpress.com

JANUARY 2, 2019

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. But, procurement , project management, and the C-suite should all monitor WIP closely. What is the Point of a Work-in-Progress Schedule?

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

Lets Build

MAY 20, 2020

Some donate masks (sometimes their entire stock), others offer free rooms for the medical teams to rest near the hospitals and even do their best to open new hospital facilities before the initially scheduled date. Taking all that into account, it quickly becomes apparent that construction can’t afford to waste this crisis.

Construction 179

Construction Innovation Industrial BIM 179

Construction Business Owner

NOVEMBER 17, 2011

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. Here are a few general tips for managing email I’ve learned over the years. Committing Intentional Project Communications. construction management.

Construction 120

Construction Software Software Accounting 120

Best Practices Construction Law

DECEMBER 5, 2012

It may mean that you have kept adequate cash flow to complete the projects in the pipeline. According George Pontikes in the ENR article, "BIM was perfect for our firm, as it complemented the way we schedule projects and always stay on top of prices as plan documents change."

Cash Flow 48

Cash Flow Contractors Houston BIM 48

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). Good project managers will always know where these project metrics are because they are indicative of the immediate health of the project. Good planning matters!!

Estimating 40

Estimating Cash Flow Budgeting Budget 40

Contractor Bookkeeping

SEPTEMBER 1, 2014

We agree with half of that statement; contractors need to pay their fair share of taxes but not until they absolutely have too for two reasons: #1 Paying bills early hurts cash flow. #2 The Next Two Profit & Loss Reports Show Accrual Vs. Cash And % of Income. 2 Comparing your contracting company with your competitors. #3

Contractors 48

Contractors Accounting Cash Flow Profitability 48

ProcurementExpress.com

JANUARY 2, 2019

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. But, procurement, project management, and the C-suite should all monitor WIP closely. What is the Point of a Work-in-Progress Schedule?

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

Autodesk Construction Cloud

OCTOBER 28, 2021

How collecting and using data through the lifecycle of a project can help teams stay on schedule and maintain costs. If you want to get started today, you can start running insight reports, PDF reports, scheduled exports, for your clients to start consuming that data in a really practical way.” Watch the full video > 2.

Autodesk 52

Autodesk Industrial Construction BIM 52

Contractor Bookkeeping

FEBRUARY 28, 2014

Cash flow issues kill contractors even though they have profit. Poor document management results in overpaying taxes. Poor scheduling affects production and cash flow. Management skills are learned in the school of hard knocks. Changes in their operations due to contingencies beyond their control.

Profitability 48

Profitability Contractors Cash Flow Accounting 48

Contractor Bookkeeping

AUGUST 30, 2013

What we can share is something that has been going on for hundreds if not thousands of years and is so simple that it hurts me to know that most contractors who need more cash flow and profit will do it and contractors who don''t need more cash and profits do it regularly. Change Order Management. Job Scheduling.

Profitability 48

Profitability Contractors Accounting Cash Flow 48

Contractor Bookkeeping

SEPTEMBER 12, 2014

This one thing can have a massive impact on cash flow and profits. Call Sharie 206-361-3950 or sharie@fasteasyaccounting.com and schedule your no charge one-hour consultation. Our Co-Founder Randal DeHart - Is a Certified PMP (Project Management Professional) with several years of construction project management experience.

Profitability 48

Profitability Accounting Construction Project Management 48

Construction Business Owner

MARCH 29, 2012

From architects and general contractors to mechanical engineers and sub-contractors, every member of the construction project team benefits from BIM documents. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. document management.

Construction 120

Construction BIM Software Software 120

Construction Business Owner

MARCH 22, 2012

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. Committing Intentional Project Communications. Better Project Management through Better Communication. document management.

Construction 120

Construction Software Software Accounting 120

Autodesk Construction Cloud

DECEMBER 12, 2021

Having a better understanding of the total quality of your projects will help reduce changes and rework. 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. Number of defects due to workmanship.

Profitability 52

Profitability Products CFMA Construction 52

Contractor Bookkeeping

JUNE 6, 2013

Being process dependent not people dependent means investing the time and energy to plan your construction projects so that everybody understands what is expected of them. Microsoft Project is a wonderful tool and if all you use is 10% of it, just the Gantt chart for scheduling and resource allocation it cannot help but make you money.

Injury 48

Injury Products Construction Cash Flow 48

Contractor Bookkeeping

JULY 28, 2014

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. Call Sharie 206-361-3950 or sharie@fasteasyaccounting.com and schedule your no charge one-hour consultation. Click Here To Learn More. Visit [link] to learn more.

Contractors 48

Contractors Change Orders Accounting Cash Flow 48

Autodesk Construction Cloud

DECEMBER 18, 2021

As the days pass and your project draws to a close, you’re ready to chalk this one up as a success and prepare for your next challenge. However, 77% of projects experience some form of schedule overrun , so a project that is on pace to finish on time is a cause for celebration. Not so fast. Key Takeaways.

Change Orders 52

Change Orders Documentation Equipment Risk 52

Autodesk Construction Cloud

JANUARY 6, 2022

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. Ten years ago, we transitioned from preconstruction managers (which were largely estimators) to design phase managers,” he said.

Construction 52

Construction Estimating Design Budgeting 52

Contractor Bookkeeping

JUNE 20, 2014

Your contracts need a well-defined scope of work, clear payment terms, a reasonable schedule and a good change order clause. Invoicing - For small projects we have a Free Invoice Template you can download and for larger projects with multiple deposits, change orders, progress payments check out our Pay Application.

Insurance 48

Insurance Construction Accounting Claims 48