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

Viewpoint Construction Technology

APRIL 4, 2017

Large or small, construction jobs can be made easier with the right support system, especially when it comes to management software. Clear communication and transparent project management between contractors, teams, and management make for a smooth workflow and better bottom lines for all involved. Consistent estimating.

Software 130

Software Software Construction Project Management 130

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

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

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. For example, in most construction organizations, a project manager is responsible for ensuring a job stays on budget.

Project Management 133

Project Management Construction Budgeting Budget 133

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. He replied, “Well, that depends on the project manager.”.

Change Orders 120

Change Orders Construction Software Software 120

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

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. Supply Chain Management Costs. Change Order Management. Job Material Inventory Costs.

Profitability 48

Profitability Contractors Accounting Cash Flow 48

Viewpoint Construction Technology

APRIL 10, 2018

In many cases, they have purchased software solutions for construction-specific processes like accounting, project management or field management to rectify the situation.While this is a positive step, it’s not always ideal—especially for larger and growing contractors managing multiple projects.

Management 177

Management Viewpoint Construction Software 177

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

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. Procore gives you the power to manage accurate project budgets with reliable data drawn from the field. SAP S/4HANA.

Software 200

Software Software Construction ProCore 200

Viewpoint Construction Technology

OCTOBER 23, 2018

Construction sites these days have no shortage of data: design and BIM data from the planning stages of a project, jobsite data collected by wearables, mobile devices and sensors on equipment/materials, accounting and job progress data from the office, project management data and much more. Diving Deeper into Construction Data.

Construction 225

Construction Software Software Cash Flow 225

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

Pro Builder

MARCH 24, 2021

But Platinum Homes was losing money on change orders from demanding clients. BuildTools provides a way to document client interactions and remove any gray area, keeping everyone up to date on common points of conflict such as budgets, change orders, and schedules. West Point project, built with BuildTools.

Management 52

Management Change Orders Negotiation Dallas 52

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. Construction Project Manager PMP.

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

Job Order Contracting

JANUARY 4, 2017

The lack of formality over processes and procedures, the extensive use of outside consultants for project management, and relatively no internal program reporting, all contribute to creating the high risk environment. . … seven projects consisting of $3.3 The current JOC contractor percentages range from.50

Contract 100

Contract Project Management Consulting Long Beach 100

PSMJ Resources

SEPTEMBER 12, 2011

Good Project Management is Good Risk Management. Most risks are foreseeable and responsive to thoughtful project management. • Accept only the right clients, then the right projects. • Risk reduction by any means is usually superior to any management scheme. Managing Risk in Public Works.

Project Management 40

Project Management Risk Resource Management 40

Construction Business Owner

MAY 24, 2012

And for good reason, since the way accounting and business management use software is much different from the way construction operations and project management use it. Committing Intentional Project Communications. Better Project Management through Better Communication. change orders.

Construction 120

Construction Software Software Iowa 120

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. Keep track of work done When it comes to the high complexity of construction projects, it’s impossible to track every on-site activity, material, contractor, and team.

Site 148

Site Construction Documentation Products 148

Lets Build

JANUARY 6, 2023

Setbacks like supply chain disruptions and rising energy prices are putting pressure on residential construction profit margins. And for many construction companies that operated on slim profit margins before those setbacks, even the smallest cost overruns can result in loss-making projects.

Profitability 144

Profitability Residential Software Software 144

Autodesk Construction Cloud

JUNE 18, 2022

Table of Contents: What is Construction Management Software? The Benefits of Construction Management Software. Key Features to Look for in Construction Project Management Software. How to Choose the Best Construction Management Software. What is Construction Project Management Software?

Project Management 98

Project Management Software Software Management 98

Autodesk Construction Cloud

DECEMBER 18, 2021

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. 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.

Change Orders 52

Change Orders Documentation Equipment Risk 52

Construction Business Owner

NOVEMBER 3, 2011

For example, you might require project management, but if you do a quick search, you’ll find there are numerous project management solutions that range from simple to complex. Committing Intentional Project Communications. Better Project Management through Better Communication. change orders.

Cash Flow 120

Cash Flow Construction Software Software 120

Fieldwire

JANUARY 16, 2024

Effective construction project management requires you to balance multiple moving parts. A rapidly changing landscape means employing numerous strategies to get the job done to your client’s satisfaction. What should you know to maximize your profits and grow your business? Learn more → 3.

Project Management 52

Project Management Management Construction Life Cycle 52

Construction Business Owner

OCTOBER 20, 2011

« Some Advice on Change Orders. Last week I had the privilege of attending the annual leadership conference of the Construction Financial Management Association (CFMA). The CFMA was formed around the common business problems of construction and of financial management. Committing Intentional Project Communications.

CFMA 120

CFMA Construction Software Software 120

Autodesk Construction Cloud

DECEMBER 3, 2021

To know how to address cost overruns in construction projects, it’s important to understand the root of the problem. Oftentimes, overruns hint at deeper issues in project management and from schedules and budgets being set improperly from the very beginning of the project. Not Planning for Change Orders.

Budgeting 52

Budgeting Budget Construction Software 52

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. Committing Intentional Project Communications. Better Project Management through Better Communication. change orders.

Construction 181

Construction Software Software Accounting 181

Construction Business Owner

JANUARY 18, 2012

Querying different type of jobs in job costing to look at profitability by type. Committing Intentional Project Communications. Better Project Management through Better Communication. change orders. construction management. construction management software. document management.

Construction 169

Construction Software Software Accounting 169

Construction Business Owner

JUNE 29, 2012

Public Exposure and Liability on Construction Sites » Better Project Management through Better Communication. Last week, I discussed three important areas of project management and ended by briefly discussing project communication – or the glue to a project. change orders. Management.

Construction 136

Construction Documentation Software Software 136

Construction Business Owner

APRIL 5, 2012

With every project, no matter how big or small, there is always risk – risk of injury, financial responsibility, or quality assurance. And risk can be a profit center, since insurance companies obviously make money. Committing Intentional Project Communications. Better Project Management through Better Communication.

Risk 120

Risk Insurance Construction Software 120

Best Practices Construction Law

NOVEMBER 26, 2012

Also, consider eliminating any retainage provisions, if possible, or including a phased-out retainage so that your entire gross profit is not left until the project is completed. Project Management Tips. Make sure your project management team submits paperwork and issues invoices on a timely basis.

Cash Flow 48

Cash Flow Project Management Change Orders Agreement 48

Construction Business Owner

DECEMBER 9, 2011

Some project managers tend to think of safety in the workplace as one of those things that we do “when we get a chance.” In fact, project managers should worry about implementing more safe practices because it can affect the way they bid on jobs. Committing Intentional Project Communications. change orders.

Construction 137

Construction Insurance Software Software 137

Construction Business Owner

DECEMBER 20, 2011

Committing Intentional Project Communications. Better Project Management through Better Communication. change orders. construction management. construction management software. document management. Management. project collaboration. project management. January 2009.

Software 120

Software Software Construction Accounting 120

Construction Business Owner

JULY 12, 2012

An effective approach to sharing project documents must include a way to ensure that everyone is using the same (and latest) version, and that there is structure to the way the documents are presented – so folks like my electrical contractor friend can quickly find the information that matters to them. change orders. Management.

Construction 137

Construction Documentation Software Software 137

Contractor Bookkeeping

JULY 28, 2014

Change Orders and Related Payments. Project Baseline, Changes and Payments To Report? Change Orders and Related Payments. Project Baseline, Changes and Payments To Report? Residential Pay Application. Separate Job and Billing Addresses. Multiple Progress Payments to Track and Report.

Contractors 49

Contractors Change Orders Accounting Cash Flow 49

Construction Business Owner

OCTOBER 26, 2011

Rarely does a finished project exactly mirror the original plans. 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. Committing Intentional Project Communications. change orders.

Construction 160

Construction Software Software Bidding 160