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Change Orders

Legal

Profitability

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The change order challenge: Can things go bad, or right?

Construction Marketing Ideas

DECEMBER 13, 2015

Some years ago, in addressing how a successful contractor has managed to maintain a profitable business despite needing to compete in “low bid wins the job” open competitions, the contractor opened up to me with an observation: He wins the jobs because they are rigged in advance. And that happened.

Change Orders Bidding Contract Contractors

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Job Order Contacting & Line Item Estimating Basics Workshop

Job Order Contracting

JULY 30, 2018

Job Order Contracting is used by universities, school districts and municipalities statewide as well as other non-profit, not-for-profit institutions. . Change orders and legal disputes are virtually eliminated.

Estimating New Mexico Contract Change Orders

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Trending Sources

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Construction Business Owner Blogs

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 Construction Profitability Software

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Construction Business Owner Blogs

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 Construction Software Software

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Construction Business Owner Blogs

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. Processes & Tools. January 2009.

Change Orders Construction Software Software

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The Best Way for Trade Contractors to Stay Out of the Courtroom

Pro Builder

JULY 20, 2021

You can avoid legal trouble by managing client expectations with a simple yet comprehensive contract. A contract doesn’t have to be long and confusing to be effective, practically or legally. Not if You Follow These 8 Steps to Make Trades Profitable. . The Best Way for Trade Contractors to Stay Out of the Courtroom. Labor Woes?

Contractors Contract Legal Change Orders

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Construction Business Owner Blogs

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 Construction Software Software

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7 Steps to Successful Project Closeout

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. Problems like delayed change orders, poor communication and lost paperwork may make it harder to close out a project on time. Not so fast.

Change Orders Documentation Equipment Risk

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Job Order Contract Execution Guide – Sample Template

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. x 1.01 = $15.15).

Contract Organization Change Orders Overhead

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Construction Business Owner Blogs

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. Free Subscriptions. Home » Blogs.

CFMA

CFMA Construction Software Software

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Construction Business Owner Blogs

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 Software Software Iowa

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Seven Things to Do When an Owner Doesn’t Pay

Constructonomics

MAY 2, 2014

This attention to detail is paramount when trying to collect money because people tend to have amnesia when it involves payment and especially when it involves change orders. Hiring a lawyer can totally blow your entire profit margin, to which you are entitled. File a Mechanic’s Lien (if you can). So play it cool.

Lien

Lien Finance Deals Legal

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6 Common Causes of Cost Overruns in Construction Projects

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. Fortunately, these kinds of disagreements are completely avoidable in many situations.

Budgeting Budget Construction Software

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Construction Business Owner Blogs

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. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. January 2009. December 2008.

Construction Software Software Accounting

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Construction Business Owner Blogs

Construction Business Owner

JANUARY 18, 2012

Querying different type of jobs in job costing to look at profitability by type. change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. Looking at Over/Under Billing and posting the adjustment to the year-end financials. Preparing Sales & Use tax reports for sales tax authorities.

Construction Software Software Accounting

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Worldwide Need for Construction Collaboration

Building Information Management

NOVEMBER 19, 2015

Average project timeline. %/#/$ Change orders. Average procurement time. %/# and value of legal disputes. are: shorter procurement times, fewer change orders, virtual elimination of legal disputes, and more projects completed on-time and on-budget. Reasonable profit. “It Reduced risk.

Construction Change Orders Procurement Legal

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Construction Business Owner Blogs

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

Risk Insurance Construction Software

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Construction Business Owner Blogs

Construction Business Owner

DECEMBER 20, 2011

change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. January 2009. December 2008. November 2008. October 2008. September 2008. August 2008. Tags accounting. accounting software. Add new tag. business development. cloud computing. communication. construction. Construction Accounting Software.

Software Software Construction Accounting

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Construction Business Owner Blogs

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. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. January 2009. December 2008.

Construction Software Software Bidding

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Construction Business Owner Blogs

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. change orders. January 2009. December 2008. November 2008. leadership.

Cash Flow Construction Software Software

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Construction Business Owner Blogs

Construction Business Owner

MAY 7, 2012

« Staying Focused in the Fight Against Profit Fade. change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. Free Subscriptions. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Home » Blogs. January 2009. December 2008. November 2008.

Construction Software Software Accounting

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Construction Business Owner Blogs

Construction Business Owner

APRIL 19, 2012

Staying Focused in the Fight Against Profit Fade » Connecting in Construction. change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Home » Blogs. January 2009. December 2008. October 2008.

Construction Software Software Conference

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Construction Business Owner Blogs

Construction Business Owner

MARCH 11, 2011

Free Webinar on Reducing Profit Fade » Game Changers. change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Home » Blogs. « “Stress” tests. January 2009. December 2008.

Construction Software Software Accounting

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Construction Business Owner Blogs

Construction Business Owner

JANUARY 31, 2012

change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. January 2009. December 2008. November 2008. October 2008. September 2008. August 2008. Tags accounting. accounting software. Add new tag. business development. cloud computing. communication. construction. Construction Accounting Software.

Construction Software Software Accounting

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Construction Business Owner Blogs

Construction Business Owner

MAY 29, 2012

change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. January 2009. December 2008. November 2008. October 2008. September 2008. August 2008. Tags accounting. accounting software. Add new tag. business development. cloud computing. communication. construction. Construction Accounting Software.

Construction Software Software Cash Flow

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Construction Business Owner Blogs

Construction Business Owner

OCTOBER 12, 2011

A Change (Order) for the Better? change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. Free Subscriptions. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Home » Blogs. « The Right Tool for the Job. January 2009. December 2008.

Construction Software Software Accounting

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Construction Business Owner Blogs

Construction Business Owner

APRIL 2, 2011

« Free Webinar on Reducing Profit Fade. change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. About Us Contact Us Advertise Press Releases Upload Artwork Via FTP -->. Free Subscriptions. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->.

Construction Software Software Accounting

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Construction Business Owner Blogs

Construction Business Owner

NOVEMBER 8, 2011

change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. January 2009. December 2008. November 2008. October 2008. September 2008. August 2008. Tags accounting. accounting software. Add new tag. business development. cloud computing. communication. construction. Construction Accounting Software.

Construction Software Software Accounting

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Construction Business Owner Blogs

Construction Business Owner

SEPTEMBER 28, 2011

change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. January 2009. December 2008. November 2008. October 2008. September 2008. August 2008. Tags accounting. accounting software. Add new tag. business development. cloud computing. communication. construction. Construction Accounting Software.

Construction Software Software Cash Flow

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Construction Business Owner Blogs

Construction Business Owner

OCTOBER 25, 2011

Education leads to improvement, efficiency, and profitability! change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. Webinars, whitepapers, classes, and user conferences like this most recent one: So do yourself a favor and keep learning! January 2009. December 2008. November 2008.

Construction Software Software Accounting

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Construction Business Owner Blogs

Construction Business Owner

JULY 12, 2012

Project managers are used to logging information – job progress, change orders, labor, weather, and so on. change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. Document Tracking. Logging the activity surrounding your project documents should be no exception. January 2009.

Construction Documentation Software Software

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Construction Business Owner Blogs

Construction Business Owner

FEBRUARY 16, 2012

Banks are attracted to profitable business. change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. There are also some approved finance companies, such as GECC, that will finance heavy equipment purchases. They also, however, are attracted to smart and proactive business owners.

Banking

Banking Construction Cash Flow Finance

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Construction Business Owner Blogs

Construction Business Owner

FEBRUARY 2, 2012

In the end, jobs must translate to bottom-line profitability.” change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. In the February issue of CBO, FMI consultant Gregg Schoppman points out some important lessons every construction business owner can learn from Beane’s story.

Construction Software Software Accounting

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Construction Business Owner Blogs

Construction Business Owner

JANUARY 5, 2012

Carefully monitoring these numbers will help you preserve profit and build more accurate bids on future projects. change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. This year, I encourage you to close the gap between your bids, your projections, and the actual cost of the project.

Construction Software Software Accounting

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Construction Business Owner Blogs

Construction Business Owner

DECEMBER 6, 2011

change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. January 2009. December 2008. November 2008. October 2008. September 2008. August 2008. Tags accounting. accounting software. Add new tag. business development. cloud computing. communication. construction. Construction Accounting Software.

Construction Software Software Accounting

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Construction Business Owner Blogs

Construction Business Owner

OCTOBER 10, 2011

change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. January 2009. December 2008. November 2008. October 2008. September 2008. August 2008. Tags accounting. accounting software. Add new tag. business development. cloud computing. communication. construction. Construction Accounting Software.

Construction Software Software Accounting

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Construction Business Owner Blogs

Construction Business Owner

JANUARY 12, 2012

change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. January 2009. December 2008. November 2008. October 2008. September 2008. August 2008. Tags accounting. accounting software. Add new tag. business development. cloud computing. communication. construction. Construction Accounting Software.

Construction Software Software Accounting

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40 Best Construction Podcasts in 2022

Levelset

SEPTEMBER 28, 2022

Profit Tool Belt. Contractors who want to learn more about how to market themselves, build their customer base, and get paid should turn no further than Profit Tool Belt. Ruth King wants to show contracting businesses how to increase productivity and profit with short, information-packed episodes. Episode runtime : 20+ minutes.

Construction Schedule Safety Industrial

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Construction Business Owner Blogs

Construction Business Owner

AUGUST 30, 2011

change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. January 2009. December 2008. November 2008. October 2008. September 2008. August 2008. Tags accounting. accounting software. Add new tag. business development. cloud computing. communication. construction. Construction Accounting Software.

Construction Software Software Accounting

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Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

AUGUST 18, 2011

change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. January 2009. December 2008. November 2008. October 2008. September 2008. August 2008. Tags accounting. accounting software. Add new tag. business development. cloud computing. communication. construction. Construction Accounting Software.

Cash Flow Software Software Accounting

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Construction Business Owner Blogs

Construction Business Owner

NOVEMBER 22, 2011

change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. January 2009. December 2008. November 2008. October 2008. September 2008. August 2008. Tags accounting. accounting software. Add new tag. business development. cloud computing. communication. construction. Construction Accounting Software.

Construction Software Software Accounting

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Construction Business Owner Blogs

Construction Business Owner

FEBRUARY 2, 2012

Jim is a senior consultant with FMI and specializes in building profits by developing tailored operations strategies for his clients. If leadership success was measured only on profitability, then there were certainly many “great leaders” sitting in the CEO position of many contracting companies. change orders.

Construction Software Software Accounting

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Construction Business Owner Blogs

Construction Business Owner

JULY 5, 2011

change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. January 2009. December 2008. November 2008. October 2008. September 2008. August 2008. Tags accounting. accounting software. Add new tag. business development. cloud computing. communication. construction. Construction Accounting Software.

Construction Software Software Accounting

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Construction Business Owner Blogs

Construction Business Owner

FEBRUARY 2, 2012

And because of the environment we work in, there are procedures to be followed, communication channels to be adhered to and process that has to happen to keep things legal and everyone properly informed. change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. January 2009. December 2008.

Construction Software Software Documentation