Viewpoint Construction Technology

JUNE 12, 2013

MCM is a CPA firm with a team of accountants dedicated to construction accounting. Construction markets remain competitive, so it comes as no surprise that construction companies have to be at the top of their game throughout a project. Not Keeping Up with Technology and Construction Software. Is the job still worth it?

Bidding 263

Bidding Profitability Construction Cash Flow 263

Levelset

JUNE 10, 2022

Construction businesses that are looking to thrive would do well to pay close attention to the differences between residential and commercial construction projects. Read on to learn exactly what businesses need to know about finding success in the very different worlds of new residential and commercial construction projects.

Residential 52

Residential Commercial Cash Flow Construction 52

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. Let’s take a look: [content_upgrade cu_id=”4502″] Free Download: 6 Forecasting Best Practices All Construction Teams Need to Know[content_upgrade_button]Click Here[/content_upgrade_button][/content_upgrade].

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52

Viewpoint Construction Technology

MARCH 7, 2018

Construction software can have a big impact on the productivity of a company, especially when selected thoughtfully and implemented wisely. General contractors and ACHR News ’ audience of mechanical contractors will both benefit from these recommendations about construction software. That flow of work impacts the flow of cash.

Software 146

Software Software Construction Mobility 146

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 195

Construction Software Software Cash Flow 195

Levelset

AUGUST 16, 2022

To grow a construction business, contractors often pursue larger projects. Some contractors watch as their gross profit margins decrease when they take on larger jobs. For these reasons, surety companies carefully consider multiple risk factors when bonding construction projects before they will agree to underwrite a construction bond.

Risk 52

Risk Cash Flow Construction Banking 52

Levelset

FEBRUARY 15, 2022

On construction projects where prevailing wage laws apply, it’s important to abide by those rules. In Pennsylvania, prevailing wage laws apply to any state or municipal construction project funded with public funds that cost over $25,000. Deep dive: How Do Prevailing Wage Laws Work in Construction? Prevailing wage rates.

Pennsylvania 52

Pennsylvania Contractors Cash Flow Contract 52

Contractor Bookkeeping

JUNE 20, 2013

Construction Cash Flow Example. Starting Cash + Cash In - Cash Out] = Cash Flow. "If For anyone reading this who is not familiar with how cash flow works for a mid-size construction job, consider the following general example. Example Job 1001.

Cash Flow 48

Cash Flow Profitability Accounting Construction 48

Autodesk Construction Cloud

MAY 5, 2023

They require flexible solutions that can keep up and make their lives easier whether they are in the office or at the jobsite. Until recently, software applications for managing the finances of construction paid little attention to anyone outside of the back office. Additionally, third-party stakeholder collaboration (e.g.,

Office 52

Office Autodesk Accounting Project Management 52

Levelset

AUGUST 5, 2022

One way to start your own firm is to take on side work, working for customers on evenings and weekends while holding down a day job. Pay close attention to cash flow. Architects live or die by their ability to manage cash flow — it’s the primary reason why businesses in the construction industry fail.

Architecture 52

Architecture Cash Flow Income Lien 52

Contractor Bookkeeping

AUGUST 29, 2014

Cash flow is the lifeblood of any construction company and especially the ones with annual sales volume under $1,000,000. Some construction Company experts even say that a healthy cash flow is more important than your contracting company''s ability to complete projects! Cash is king!

Cash Flow 48

Cash Flow Management Contract Accounting 48

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. Read more: How to reduce construction delays by more than 20%. Cash flow problems.

Schedule 206

Schedule Construction Cash Flow Budgeting 206

Construction Business Owner

NOVEMBER 3, 2011

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. « Construction Software – Is it Time to Buy? The New Estimating Tool – Superintendents » So You Want to Buy New Construction Software. Job Cost & Cash Flow.

Cash Flow 120

Cash Flow Construction Software Software 120

Levelset

FEBRUARY 11, 2022

The construction industry runs on credit. As a result, every construction business records transactions to Accounts Receivable (A/R) until they actually receive payment. Construction companies in particular need to pay close attention to their A/R balances and review them regularly. Setting up Accounts Receivable in QB.

Accounting 52

Accounting Management Contractors Lien 52

Viewpoint Construction Technology

SEPTEMBER 26, 2012

So step one boils down to finding construction management software that includes automation tools for AP. Most basic packages allow you to enter invoice data into the system and apply the costs against specific jobs and phases of work. So far so good – less manual work and more predictable cash flow.

Cash Flow 163

Cash Flow Accounting Software Software 163

Viewpoint Construction Technology

SEPTEMBER 23, 2018

While many businesspeople swear by hard work and technical proficiency as the key ingredients of success, within the construction industry, there is a broader understanding that success is built on more than just structural expertise and hard work. When is the Right Time to Implement Construction Accounting Software?

Industrial 130

Industrial Accounting Viewpoint Construction 130

Pro Builder

JUNE 12, 2020

How Just-in-Time Land Deals Help Manage Cash Flow. But when it comes to land inventory strategies, most builders seem reluctant to rely on a “just-in-time” model to acquire land as needed for immediate construction. Fri, 06/12/2020 - 05:00. Justin Onorato. . Just-in-time business models have proven highly effective for U.S.

Cash Flow 64

Cash Flow Deals Management Inventory 64

Autodesk Construction Cloud

NOVEMBER 8, 2022

A recent survey by Dodge Data & Analytics found that a significant majority of contractors (93%) indicated that their projects had been affected by rising construction costs due to supply chain issues. . To help you do that, this post covers the essentials of managing the supply chain in construction. Let’s dive in! .

Management 98

Management Construction BIM Materials 98

Autodesk Construction Cloud

JULY 7, 2022

There are many advantages to being a small construction firm. Like most SMBs, small-scale construction companies run on fewer resources. Their teams and budgets are leaner, so every investment must be carefully considered—particularly when it comes to tools like construction management software. . Let’s get started. .

Software 105

Software Software Management Construction 105

Levelset

OCTOBER 14, 2022

When you tackle the jobs you’ve secured, it’s also important to plan for the unexpected. Plumbing contractor’s insurance may help your business stay afloat if accidents or injuries occur on the job. Construction zones are busy areas where workers can get hurt. What is plumber’s insurance? Worker injury.

Insurance 52

Insurance Liability Injury Compensation 52

ProcurementExpress.com

JANUARY 2, 2019

That’s accounting’s job, right? Let me tell you about Construction’s Secret Weapon. In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project.

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

Contractor Bookkeeping

JUNE 20, 2013

Construction Profits Are Simply. Subcontractors can have a huge negative impact on your QuickBooks For Contractors Job Profitability Reports. For contractors not familiar with income and expenses flow for a typical mid-size construction job, consider the following general example. Example Job 1001.

Profitability 49

Profitability Income Cash Flow Accounting 49

Construction Business Owner

AUGUST 30, 2011

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. The Best Time to Go Live is… » Why Construction-Specific Accounting Software Costs More than Generic Accounting Software. Job Costing. Construction Reporting. INSURANCE |.

Construction 168

Construction Software Software Accounting 168

Construction Business Owner

DECEMBER 6, 2011

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. « 3 Tips for Better Construction Fleet Fuel Management. Steve Jobs was no doubt a great businessman with many valuable lessons to teach. Take marketing for example.

Construction 195

Construction Software Software Accounting 195

ProcurementExpress.com

AUGUST 12, 2019

Construction daily reports are a vital part of managing construction projects. Why Do Construction Daily Reports Matter? Roughly 75% of commercial construction projects blow past the pre-determined budget, and somewhere around 90% of projects are delayed. Compare Contract Terms to What Actually Happens on the Job Site.

Documentation 81

Documentation Contract Site Budgeting 81

Construction Business Owner

APRIL 26, 2012

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. « Connecting in Construction. Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. INSURANCE |. EQUIPMENT |.

Change Orders 120

Change Orders Construction Profitability Software 120

Construction Business Owner

OCTOBER 10, 2011

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Support: One of the Most Important “Features” of Software » The Right Tool for the Job. I gave him some examples and he pointed out that these examples all shared common traits.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

DECEMBER 9, 2011

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. » Keep Work Environment Safe for Lower Job Costs. David is a construction safety expert for Carolina Safety Consultants with over 20 years of experience. INSURANCE |.

Construction 136

Construction Insurance Software Software 136

Autodesk Construction Cloud

JULY 8, 2021

In 2020, the value of commercial construction amounted to approximately $5.8 Given the continually changing nature of construction projects, accurately managing and executing construction costs is critical to the project’s financial outcome. This is where construction cost codes come into play. trillion globally.

Construction 52

Construction Profitability Budgeting Budget 52

Construction Business Owner

MAY 24, 2012

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. As he was telling me about his experience, I started thinking about silos in our clients’ construction businesses. INSURANCE |. EQUIPMENT |. General Management. Software & Technology.

Construction 120

Construction Software Software Iowa 120

Construction Business Owner

JULY 12, 2012

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. « Public Exposure and Liability on Construction Sites. Top 5 Trends in Construction Software » Committing Intentional Project Communications. INSURANCE |. EQUIPMENT |.

Construction 136

Construction Documentation Software Software 136

Pro Builder

MAY 29, 2020

Yet some tools and tactics are salient no matter the economic climate, such as controlling cash flow and getting out of deals that may no longer pencil out in the new conditions. . . 1] Mind Your Cash. Should future sales decline even further, Benach says he will conserve cash by pushing back construction starts.

Cash Flow 91

Cash Flow Debt Housing Consulting 91

Contractor Bookkeeping

NOVEMBER 8, 2012

Why As A Construction Contractor - Do you want a resale certificate when all it does is cause you more paperwork? Of Course If Any Or All The Following Apply - To your company then it is not big deal; this isn’t for you: You have lots of money, no cash flow issues, and every one of your clients pay before you even ask.

Washington 48

Washington Certification Cash Flow Contractors 48

ProcurementExpress.com

JANUARY 2, 2019

That’s accounting’s job, right? In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. 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. Well, not exactly.

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

Contractor Bookkeeping

SEPTEMBER 1, 2014

For Example - The simple Profit & Loss Report Can Be Shown Four Different Ways With Little Effort. The First Two Profit & Loss Reports Show Accrual Basis Vs. Cash Basis. Cash Basis is generally for external use for calculating and paying taxes. 3 Looking for trends to find ways to improve cash flow and profitability.

Contractors 48

Contractors Accounting Cash Flow Profitability 48

Contractor Bookkeeping

JULY 28, 2014

We developed an invoicing system that can help you have to keep track of: Down Payments and Job Deposits. Separate Job and Billing Addresses. We developed an invoicing system that can help you have to keep track of: Down Payments and Job Deposits. Separate Job and Billing Addresses. Residential Pay Application.

Contractors 48

Contractors Change Orders Accounting Cash Flow 48

Autodesk Construction Cloud

DECEMBER 2, 2021

Your ultimate guide to construction cost management, and how to improve it. Tracking costs and monitoring risk while keeping a job on budget can be one of the biggest hurdles to any building project. A cost management plan helps keep a job on budget. What is Construction Cost Management? Key Takeaways.

Management 52

Management Change Orders Construction Budgeting 52