Pro Builder

NOVEMBER 29, 2022

How to figure out proper staffing in your purchasing department to balance costs and value with profitability. An understaffed purchasing department won’t have time to properly vet price increases, competitively bid and accurately contract trades, minimize change-order costs , or ensure your next project starts on the right foot.

Change Orders 98

Change Orders Resource Profitability Plans 98

Viewpoint Construction Technology

JANUARY 10, 2018

Only 25 percent of construction projects are finished within 10 percent of their original deadlines, and 35 percent of costs in the construction industry can be attributed to material waste and rework. Delays and change orders are pretty standard, but that doesn’t make them any less stressful for those involved in a project.

Software 177

Software Software South Carolina Change Orders 177

Construction Business Owner

OCTOBER 14, 2011

Industry News. Industry Statistics. 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.” Equipment Management. Resource Center.

Change Orders 120

Change Orders Construction Software Software 120

Viewpoint Construction Technology

APRIL 10, 2018

Although historically the construction industry has been slow to go digital , times are changing. There’s an industry transformation happening in construction, driven by modern technology, and these changes are significantly elevating construction management. As companies grow, their overhead expenses can also grow.

Management 177

Management Viewpoint Construction Software 177

Construction Business Owner

APRIL 26, 2012

Industry News. Industry Statistics. Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. There’s a name for these situations: “profit fade.” Stay on Top of Changes. The profit you calculate when bidding a job can fluctuate dramatically as work progresses.

Change Orders 120

Change Orders Construction Profitability Software 120

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

Lets Build

FEBRUARY 3, 2023

Free eBook: Quick guide to Lean practices for construction professionals 7 ways to minimise the impacts of construction inflation As inflation continues to affect the construction industry worldwide, we must find ways to counteract it or risk losing our already slim profit margins.

Construction 148

Construction Materials Risk Management 148

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. The same is true for mechanical contractors. Building Software.

Software 52

Software Software Contractors Change Orders 52

Contractor Bookkeeping

AUGUST 30, 2013

We Serve Several Highly P rofitable Construction Companies and some not as profitable ones. The differences in operations between the two groups are very small and yet the profit picture is massively different. Change Order Management. Invite Your Construction Bookkeeper To A Jobsite For Half A Day. Job Scheduling.

Profitability 48

Profitability Contractors Accounting Cash Flow 48

Construction Business Owner

OCTOBER 14, 2011

Industry News. Industry Statistics. « 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. Equipment Management.

Change Orders 120

Change Orders Construction Software Software 120

Levelset

MARCH 11, 2022

And any savings on paper are usually lost mid-way through the project in change orders. It’s time to re-educate the construction industry and reframe the “low bid wins” philosophy. In addition, they make less per project and ultimately end up with too little profit, if any, to grow. And guess what?

Bidding 98

Bidding Cash Flow Contractors Procurement 98

Construction Business Owner

APRIL 1, 2011

Industry News. Industry Statistics. Healthy Competition » Free Webinar on Reducing Profit Fade. The buzz at this year’s ConExpo-ConAgg certainly indicated that this is a hopeful time for the construction industry, or at least a time of cautious optimism. change orders. Equipment Management.

Cash Flow 120

Cash Flow Construction Software Software 120

Contractor Bookkeeping

NOVEMBER 3, 2012

You have what appears to be a high profit job and now you are thinking you have it made and I hope you are right! The most common situation is when a residential remodel contractor who has built a reputation and a substantial company generating profits of 15% or more decides to start building custom homes.

Profitability 49

Profitability Bankruptcy Contractors Remodeling 49

Viewpoint Construction Technology

APRIL 4, 2017

Web-based software has changed the face of the construction industry. Web-based construction software can help you increase estimate accuracy and improve the profitability for the work you gain. Informed and successful project managers help ensure projects stay profitable. Consistent estimating. Quick reporting.

Software 130

Software Software Construction Project Management 130

Viewpoint Construction Technology

OCTOBER 23, 2018

Data analytics and business intelligence have become hot topics in construction as firms are seeing the benefits other industries are realizing. The industry as a whole is looking for ways to help contractors get smart about data. Several construction data trends have emerged recently. Diving Deeper into Construction Data.

Construction 225

Construction Software Software Cash Flow 225

Lets Build

DECEMBER 16, 2022

Defects due to omission are typically fixed through change orders that add to the scope of work for one or more contractors. In addition, not having proper inspection plans in place can prevent you from detecting defects early on in the project, resulting in more rework and less profit. Workmanship defects.

Documentation 148

Documentation Construction Inspections Site 148

Construction Marketing

DECEMBER 19, 2019

Managing a reputation for delivering high-quality projects, keeping your business profitable, your people productive, and your firm growing requires focus, commitment, and understanding. With over thirty years of providing construction software, Penta is a well-known and trusted brand in the construction industry. Oracle NetSuite.

Software 200

Software Software Construction ProCore 200

Lets Build

JANUARY 20, 2023

If you ever feel that recording activities in your construction daily logs is too much of a hassle, think about the negative implications on your profit margin and reputation. Free eBook: Quick guide to Lean practices for construction professionals 2.

Site 148

Site Construction Documentation Products 148

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

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. Ignoring Profit Centers and Key Performance Indicators (KPI).

Profitability 48

Profitability Contractors Cash Flow Accounting 48

Autodesk Construction Cloud

DECEMBER 31, 2021

Autodesk experts share a look at the state of the construction industry, including a few insights you may not expect. There’s no question that data plays a more important role than ever in the construction industry. Data Holds the Key to Long-Term Industry Resiliency. From Data to Wisdom: A Framework to Improve Project Outcomes.

Risk 52

Risk Management Construction Autodesk 52

Construction Business Owner

MAY 24, 2012

Industry News. Industry Statistics. One of our clients does industrial electrical work on projects around the country. For example, web-based construction software that can be accessed as easily by a PM using a tablet in the field as a Controller in the office is a big step toward leaving silos to the agricultural industry.

Construction 120

Construction Software Software Iowa 120

Autodesk Construction Cloud

JULY 8, 2021

Using industry standard codes helps ensure that outside organizations can easily interpret them. While there are many benefits to using cost codes, the majority of them lie in standardization, cost control , analysis, and profitability. . Profitability . Standardization . However, standardization is important. DOWNLOAD TOOLKIT.

Construction 52

Construction Profitability Budgeting Budget 52

Construction Business Owner

OCTOBER 20, 2011

Industry News. Industry Statistics. « 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.

CFMA 120

CFMA Construction Software Software 120

Construction Marketing Ideas

FEBRUARY 26, 2015

He’s done much business with the organization over the years, but recently a change order claim went totally wrong. The contractor says he understands in some cases change orders can occur for reasons where responsibility may be murky or caused by the contractor’s own actions. But not in this case, he says.

Change Orders 48

Change Orders Claims Organization Contractors 48

Pro Builder

MAY 12, 2021

Productivity in home construction lags behind almost every other industry, while inefficiencies and waste hurt profits and growth. Yet, even prior to the pandemic, the housing industry faced deep-rooted, systemic challenges. The construction industry is massive, representing 13% of global GDP. Wed, 05/12/2021 - 06:00.

Site 111

Site Residential Construction Accidents 111

Construction Business Owner

APRIL 5, 2012

Industry News. Industry Statistics. This, after all, is the foundation of the insurance industry. And risk can be a profit center, since insurance companies obviously make money. Well, consider the business model of the insurance industry. The construction industry is dangerous. change orders.

Risk 120

Risk Insurance Construction Software 120

Construction Business Owner

SEPTEMBER 27, 2011

Industry News. Industry Statistics. 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. Equipment Management. Resource Center. Ask the Expert.

Construction 181

Construction Software Software Accounting 181

Construction Business Owner

JANUARY 18, 2012

Industry News. Industry Statistics. Querying different type of jobs in job costing to look at profitability by type. change orders. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect. Forms and Checklists. Seminars and Tradeshows. Product Spotlight. August 2008.

Construction 169

Construction Software Software Accounting 169

Construction Business Owner

MAY 7, 2012

Industry News. Industry Statistics. « Staying Focused in the Fight Against Profit Fade. No matter what industry you’re in, collaboration seems to be the latest “thing.” Each year at this event I’m reminded that collaboration is vital to our construction industry. change orders. Resource Center.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

APRIL 19, 2012

Industry News. Industry Statistics. Staying Focused in the Fight Against Profit Fade » Connecting in Construction. Connection between our company and our customers, between industry peers, between contractors and their project teams. change orders. Equipment Management. Resource Center. Ask the Expert.

Construction 120

Construction Software Software Conference 120

Levelset

SEPTEMBER 28, 2022

Podcasts are now an essential medium for sharing information, and experts across the construction industry share their wisdom every day with listeners interested in growing a construction business, learning about the latest construction trends and technology, and building their understanding of construction law and finance. Profit Tool Belt.

Construction 52

Construction Schedule Safety Industrial 52

Pro Builder

AUGUST 3, 2021

The home building industry is overheating and inflation is threatening affordability. That tactic isn’t good for the home builder or for the industry. If you’ve been in the industry awhile, you’ll likely remember the last housing cycle. As an industry, we must work together to contain costs before it’s too late.

Materials 98

Materials Income Industrial Products 98

Job Order Contracting

FEBRUARY 20, 2018

The UPB costs should NOT include contractor overhead and profit. All related contract documents may be superseded by individual Job Order project specifications (1st tier) and then these JOC Program Specifications (2nd tier). These negotiations must precede the JO award/approval and are not allowed on a Change Order basis.

Contract 100

Contract Organization Change Orders Overhead 100

Viewpoint Construction Technology

SEPTEMBER 11, 2018

This lack of effective communication and collaboration can be the downfall of a business, especially in the construction industry, where tight deadlines and razor-thin profit margins rule the day. Anyone who needs to see updated data, or process items like RFIs and change orders in the field can easily do so.

Project Management 133

Project Management Construction Budgeting Budget 133

Construction Business Owner

NOVEMBER 3, 2011

Industry News. Industry Statistics. 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. change orders.

Cash Flow 120

Cash Flow Construction Software Software 120

Construction Business Owner

OCTOBER 26, 2011

Industry News. Industry Statistics. 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. Equipment Management. Resource Center. Ask the Expert.

Construction 160

Construction Software Software Bidding 160