Construction Business Owner

OCTOBER 14, 2011

Some Advice on Change Orders » A Change (Order) for the Better? When clients ask me about change orders, I’m reminded of a well-circulated photo. The yacht is named “Change Order.” Discussion about change order difficulties tends to be one of two types.

Change Orders 120

Change Orders Construction Software Software 120

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) Material Planning & Document Management. 5) Material Planning & Document Management. Building Software. Building Software.

Software 52

Software Software Contractors Change Orders 52

Construction Business Owner

APRIL 26, 2012

Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. Just about every contractor has been there — a project starts out strong but, as it moves forward, delays and incidental added work and changes knock dollars and cents off of the bottom line. Stay on Top of Changes.

Change Orders 120

Change Orders Construction Profitability Software 120

Pro Builder

MARCH 24, 2021

But Platinum Homes was losing money on change orders from demanding clients. Mark could remember clearly the specific conversation he had with his client, but ultimately, he did not have signed documentation. Simplify the process and maximize profit . It was his word versus the client’s. No more “us-versus-them” .

Management 52

Management Change Orders Negotiation Dallas 52

Job Order Contracting

FEBRUARY 20, 2018

A Job Order Contract Execution Guide is a required element for any successful, best management practice JOC Program. The following template is provide for sample purposes only and should not be used a legally bidding document without through review and modification by appropriate Owner legal counsel. the time of award.

Contract 100

Contract Organization Change Orders Overhead 100

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. Delayed change order resolution.

Change Orders 52

Change Orders Documentation Equipment Risk 52

Construction Business Owner

OCTOBER 14, 2011

« A Change (Order) for the Better? Judging Tipis » Some Advice on Change Orders. I was talking with John Chaney this week, and he mentioned that he was going to blog about how change orders affect construction management. change orders. document management. Add new tag.

Change Orders 120

Change Orders Construction Software Software 120

Contractor Bookkeeping

JUNE 21, 2012

The Most Popular Method - Designed by investors and developers and shrewd business people who understand the concept of divide and conquer is for contractors to get little or no down payment for a construction project, do all the work, including change orders and then try to collect their money.

Profitability 48

Profitability Contractors Banking Change Orders 48

Construction Business Owner

JULY 12, 2012

Project Document Management : Your Communication Strategy. Because some very specific documents are created and used throughout the life of a typical construction project, these documents can serve as the center of your communications strategy. Document availability. Document relevance. Document Tracking.

Construction 137

Construction Documentation Software Software 137

Construction Business Owner

APRIL 1, 2011

Healthy Competition » Free Webinar on Reducing Profit Fade. One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs.

Cash Flow 120

Cash Flow Construction Software Software 120

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

JULY 26, 2012

Look for software that does a better job providing applications based on the workflow of a project from cradle to grave, and that provides web-based anywhere-any time visibility into job progress, profitability, change management, and more for everyone who involved in the success of a job. Next Generation of Document Management.

Software 137

Software Software Construction Documentation 137

Construction Business Owner

NOVEMBER 3, 2011

Rather than looking in the review mirror after a job is complete and realizing you’re over budget, make sure you have the ability to import estimates, manage change orders, report on committed costs, and allow your employees in the field remote access. Integrated Document Management. change orders. Add new tag.

Cash Flow 120

Cash Flow Construction Software Software 120

Viewpoint Construction Technology

OCTOBER 23, 2018

Better understanding your project data can help significantly boost productivity and profitability on current projects, as well as better plan future ones. To streamline data analysis, data across the organization — from accounting to project management to document collaboration to operational workflows — needs to be uniform.

Construction 225

Construction Software Software Cash Flow 225

Contractor Bookkeeping

FEBRUARY 28, 2014

Not using Additional Work Orders or Change Orders (Click For FREE Change Order Template). Cash flow issues kill contractors even though they have profit. Changes in their operations due to contingencies beyond their control. Poor document management results in overpaying taxes.

Profitability 48

Profitability Contractors Cash Flow Accounting 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. change orders. Add new tag.

Construction 136

Construction Documentation Software Software 136

Autodesk Construction Cloud

DECEMBER 3, 2021

In parallel with better planning, technology can also help to reduce the common problems or elements that contribute to cost overruns, ensuring you can maximize efficiency and profits. Not Planning for Change Orders. Serious Project Design Errors.

Budgeting 52

Budgeting Budget Construction Software 52

Autodesk Construction Cloud

JULY 8, 2021

Construction firms can use cost codes to document, categorize, and analyze costs efficiently. While there are many benefits to using cost codes, the majority of them lie in standardization, cost control , analysis, and profitability. . Profitability . This is where construction cost codes come into play. Standardization .

Construction 52

Construction Profitability Budgeting Budget 52

Construction Business Owner

JANUARY 12, 2012

Document Management. With the current levels of detail required by industry standards, code compliance and also by the different disciplines, the number of documents required for a project is huge. Keeping track of what’s current in that huge set of documents and making sure others on your team are using current documents are critical.

Bidding 150

Bidding Construction Documentation Software 150

Construction Business Owner

JANUARY 12, 2012

Keeping documents as electronic files reduces paper waste and clutter in your office because you can get rid of the filing cabinets. Electronic filing also gives you the ability to search with simple keyword terms, so you can find documents faster. Archiving documents. change orders. document management.

Construction 137

Construction Software Software Accounting 137

Construction Business Owner

MAY 29, 2012

Many contractors haven’t taken advantage of digital document solutions, and the ones that have are still dealing with high volumes of data. change orders. document management. document management. Contractors in today’s marketplace are caught in the middle of a paper and paperless culture. Add new tag. foundation.

Construction 120

Construction Software Software Cash Flow 120

Construction Business Owner

JANUARY 26, 2012

Venture tools are built to give contractors visibility and control over three key areas of construction operations: Documentation. Document Management. It’s no secret that documents play a vital role in the construction process from beginning to end. change orders. document management. document management.

Construction 120

Construction Software Software Documentation 120

Autodesk Construction Cloud

DECEMBER 31, 2021

We used profit margin to distinguish between successful and unsuccessful projects,” Keaney clarified. Once these comparisons were made, the team was able to reveal five surprising patterns: Insight #1: Change Orders Are Okay – Until They Hit a Tipping Point. In this case, unsuccessful projects are classified by profit margins.

Risk 52

Risk Management Construction Autodesk 52

Construction Business Owner

OCTOBER 26, 2011

I know from my days as a general contractor that plans and specifications are altered continuously as subcontractors become involved, materials are changed, and change orders are issued. change orders. document management. document management. Add new tag. business development. cloud computing.

Construction 160

Construction Software Software Bidding 160

Construction Business Owner

OCTOBER 20, 2011

« Some Advice on Change Orders. But without exception, the story that each team told through their symbols focused on people, not projects or profits. No discussion of business practices, financial measurements, or profit-building strategies. change orders. document management. Add new tag.

CFMA 120

CFMA Construction Software Software 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. change orders.

Construction 120

Construction Software Software Iowa 120

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. change orders. document management. document management.

Construction 120

Construction Software Software Accounting 120

Construction Marketing Ideas

FEBRUARY 16, 2015

Good estimates also catch out flaws in the plans and documents — perhaps leaving room for change-order profits or (I think more ethically), giving the estimator the opportunity to communicate and clarify the potential problems with the design team or owner before bidding the work.

Estimating 48

Estimating IDEA Bidding Profitability 48

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

SEPTEMBER 27, 2011

If a business is unprofitable in 2011, and has no taxable income to use the deduction, that business can elect to use 100% Bonus Depreciation and carry-forward to a year when the business is profitable. change orders. document management. document management. Add new tag. business development. cloud computing.

Construction 181

Construction Software Software Accounting 181

Pro Builder

MAY 12, 2021

Productivity in home construction lags behind almost every other industry, while inefficiencies and waste hurt profits and growth. Prefabricated construction eliminates that uncertainty and cost: Design and documentation needs to be fully resolved, or productized, prior to manufacturing, far in advance of it arriving on site.

Site 111

Site Residential Construction Accidents 111

Construction Business Owner

JANUARY 18, 2012

Querying different type of jobs in job costing to look at profitability by type. change orders. document management. document management. Looking at Over/Under Billing and posting the adjustment to the year-end financials. Preparing Sales & Use tax reports for sales tax authorities. Add new tag. communication.

Construction 169

Construction Software Software Accounting 169

Construction Business Owner

FEBRUARY 16, 2012

Sometimes, as you know, project documents can devote an entire plan sheet or spec section to a list of abbreviations and acronyms. A lot of this communication revolves around the project documentation. change orders. document management. document management. The construction industry is no different.

Construction 137

Construction Software Software Accounting 137

Construction Business Owner

APRIL 5, 2012

And risk can be a profit center, since insurance companies obviously make money. Even if this doesn’t become an actual source of profit in and of itself, contractors who actively work to understand and control risk are in a position to make smarter project decisions that lead to higher profit margins. change orders.

Risk 120

Risk Insurance Construction Software 120

Job Order Contracting

JANUARY 4, 2017

Contractor’s percentage has declined 31% since program inception, significantly decreasing the likelihood contractors are able to make a profit. The poorly designed SOWs have resulted in numerous change orders and cost overruns, occurring in 91% of the projects we reviewed during our 17-month audit period. Approximately $1.9

Contract 100

Contract Project Management Consulting Long Beach 100

Construction Business Owner

MAY 31, 2011

Finally, the programmers that do the actual coding will receive the final specifications document. They will study the document and then meet with the analyst to thoroughly review all aspects of the specifications. change orders. document management. document management. Add new tag. business development.

Construction 150

Construction Software Software Accounting 150

Construction Business Owner

DECEMBER 20, 2011

change orders. document management. document management. Add new tag. business development. cloud computing. communication. construction. Construction Accounting Software. construction management. construction management software. construction operations. construction safety. Construction Software. Dexter + Chaney.

Software 120

Software Software Construction Accounting 120