Construction Enquirer

MAY 14, 2023

Turnover remained stable at £404m but pre-tax profit fell back by around a fifth to £12m last year.

Residential 62

Residential Banking Finance Profitability 62

Viewpoint Construction Technology

FEBRUARY 12, 2019

At a bare minimum, you’ll need the following for your accounting function: profit and loss report, balance sheets, trial balance and trading summaries. A modern system will also have integrated contract valuation capabilities (which results in auto-generated work-in-progress accounting entries). Forecasting and Cash Flow Reports.

Cash Flow 130

Cash Flow Software Software Accounting 130

Green Building Law Update

AUGUST 16, 2020

Today, the contracts for the sale and purchase of a house are often provided through a multiple listing service usually by a local board of realtors and most of the forms in common use do not adequately address the admittedly new and only now evolving issues arising from a sale with rooftop solar panels.

Housing 207

Housing Leases Residential Contract 207

Contractor Bookkeeping

JUNE 13, 2012

Every Day You Are - Presented With opportunities to invest your money and the key strategy is putting your money to work where it will earn you the most bottom line profit and increase your cash flow. Does it require monthly or annual maintenance contracts? If it is financed what are the payment terms? Marginal Cost (MR>MC).

Profitability 48

Profitability Cash Flow Construction Equipment 48

Contractor Bookkeeping

AUGUST 6, 2014

1 Your Profit & Loss and Balance Sheet Reports do not conform to financial industry standards. #2 Getting back to financing strategies for your contracting Company it will help if you understand the banking version of The Construction Specifications Institute. Do your best to avoid raising any red flags.

Finance 48

Finance Accounting Construction Banking 48

Contractor Bookkeeping

DECEMBER 2, 2016

Accepting Credit Cards Can Immediately Increase Sales And Profits*. *We I know from many years while we were contractors it paid off handsomely so I am simply passing on a mere "scrap of information" to help you get more cashflow and profit. We do not provide merchant services.

Cash Flow 48

Cash Flow Contract Banking Profitability 48

Pro Builder

FEBRUARY 4, 2021

The Shinn Group’s long-running Fin-Op analysis, backed by decades of data, offers builders a road map to profitability and a benchmark of performance. Predicting Profit: How to Know Your Margin Before You Close. Predicting Profit: How to Know Your Margin Before You Close. What makes a builder consistently profitable?

Profitability 52

Profitability Finance Housing Compensation 52

Green Building Law Update

MARCH 18, 2018

But contract forms for the sale and purchase of a house are often provided by a local board of realtors and today those forms do not adequately address the new and only now evolving issues arising from a sale with rooftop solar panels. Many of the companies engaged in this business (. Shockingly, this is not only a residential problem.

Leases 179

Leases Housing Agreement Residential 179

Contractor Bookkeeping

SEPTEMBER 20, 2019

As you may know, there is an expansion and contraction Isoquant that occurs in all businesses. The business cycle operates like ocean waves that cause a lot of construction business to go out in a year or two. Some grew too fast without reliable financial reporting tools and proper guidance.

Profitability 49

Profitability Construction Risk Contract 49

Levelset

MAY 2, 2022

If you can show that you’ve been growing and seen an increase in work while remaining profitable, the vendor may feel comfortable increasing your limit. One way to illustrate this is to provide the supplier with a copy of the project contract to show the size of the project and the timeline. Get materials now, keep your cash.

Negotiation 52

Negotiation Materials Cash Flow Finance 52

Levelset

APRIL 5, 2022

Ensuring consistent cash flow throughout a project is the key to scaling your contracting business. Most construction businesses focus on their profit margins — making sure that revenue exceeds costs for each job. If you don’t have an escalation clause in your contract, you could be stuck carrying the added costs.

Cash Flow 52

Cash Flow Finance Construction Materials 52

Contractor Bookkeeping

JUNE 21, 2012

Construction Companies - Need short term liquid working capital such as cash, lines of credit, loans, owner financing, credit cards, supplier accounts and other forms of money to conduct daily operations. Compare the success and profitability of a McDonalds franchise to most restaurants.

Profitability 48

Profitability Contractors Banking Change Orders 48

Contractor Bookkeeping

AUGUST 2, 2019

What I am about to ask you to do is something I have done for many years during my contracting days, and it still works. I've learned a great deal of hard, hard lessons, and worked my way through several "Character Building Moments." Understanding Other Costs: Marketing Cost. The cost your company spent to acquire and maintain the job.

Profitability 49

Profitability Travel Mobility Deals 49

Green Building Law Update

MAY 21, 2017

But contract forms for the sale and purchase of a house are often provided by a local board of realtors and today those forms do not adequately address the new and only now evolving issues arising from a sale with rooftop solar panels. Many of the companies engaged in this business (. Shockingly, this is not only a residential problem.

Leases 232

Leases Housing Agreement Residential 232

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

Construction Business Owner

APRIL 26, 2012

Accounting & Finance. Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. There’s a name for these situations: “profit fade.” Know the Contract and Budget. Before work begins, understand fully what you’ve contracted to do by carefully reviewing the contract at hand.

Change Orders 120

Change Orders Construction Profitability Software 120

Constructonomics

MAY 2, 2014

Of course we fronted large amounts of money for labor and materials that we were now looking to finance because payment was not being made. Hiring a lawyer can totally blow your entire profit margin, to which you are entitled. We pretty much had every asset in the company thrown into the project so there was nothing left.

Lien 186

Lien Finance Deals Legal 186

Building Information Management

APRIL 25, 2016

Subpart 5117.90 – Job Order Contracts. general and administrative and other overhead costs, insurance costs, bonding and alternative payment protection costs, protective clothing, equipment rental, sales tax and compliance with tax laws, and also contractor’s profit). 5117.9003 Use of job order contracts.

Contract 40

Contract Negotiation Office Estimating 40

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. Review contracts you will ask your customers to sign.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Contractor Bookkeeping

OCTOBER 23, 2020

No one starts a business, especially a contracting business, and have it rolling perfectly with a profit every step of the way. Being in your own business can be the best time in your life. Alternatively, the worst time! Between regulations, economic uncertainty, and other outside forces; always a learning curve.

Cash Flow 75

Cash Flow Contractors Banking Accounting 75

Construction Business Owner

FEBRUARY 16, 2012

Accounting & Finance. I would like to share the following tips to use before approaching the bank(s) or other financial institutions for additional financing, and some non-bank financing options. There are also some approved finance companies, such as GECC, that will finance heavy equipment purchases. MANAGEMENT |.

Banking 120

Banking Construction Cash Flow Finance 120

Contractor Bookkeeping

AUGUST 29, 2014

Some construction Company experts even say that a healthy cash flow is more important than your contracting company''s ability to complete projects! Is Cash Flow The Same As Profit? While they might seem similar, profit and cash flow are two entirely different concepts, each with entirely different results.

Cash Flow 48

Cash Flow Management Contract Accounting 48

Viewpoint Construction Technology

SEPTEMBER 23, 2018

Sometimes this erodes profit, but in some scenarios, it can mean losses or even worse. You know how much profit a project is making at the COMPLETION of the project. But you do not know how much profit a project is making on a month by month basis during the course of the project.

Industrial 130

Industrial Accounting Viewpoint Construction 130

Levelset

AUGUST 17, 2022

These data points provide insight into the profitability of a company and give owners an early indication of potential issues. Architectural business consultant Lucas Gray of Charette Venture Group recommends three KPIs to help firms measure their profitability: break-even point, utilization rate, and billable ratio. . Lucas Gray.

Profitability 52

Profitability Lien Overhead Cash Flow 52

Construction Business Owner

SEPTEMBER 27, 2011

Accounting & Finance. All businesses that purchase, finance, and/or lease less than $2 million in new or used business equipment during tax year 2011 should qualify for the Section 179 Deduction. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Software & Technology. Construction Law.

Construction 180

Construction Software Software Accounting 180

Autodesk Construction Cloud

SEPTEMBER 1, 2022

A contract’s a contract, right? There are many construction contract types out there. Knowing which contract to use when is critical to ensuring a successful outcome in delivery, customer satisfaction, and profit. A construction contract agreement gets everyone involved in a project on the same page. .

Contract 98

Contract Maine Construction Agreement 98

Construction Business Owner

APRIL 1, 2011

Accounting & Finance. 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. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |.

Cash Flow 120

Cash Flow Construction Software Software 120

Best Practices Construction Law

MARCH 11, 2020

For an owner, an unlicensed contractor may affect financing options on one end and the contractor’s entitlement to recover profits on the other end. For contractors, a licensing violation can have a crippling effect on all projects, the ability to perform, and the ultimate ability to recover amounts owed under a contract.

Mississippi 62

Mississippi Contractors Contract Certification 62

Construction Cost Estimating

APRIL 11, 2018

When a quantity surveyor is involved in a project, he/she has to work with clients and their contacts from the start of the project during the process of the contract and engaging in opening cost analysis. Qualification: A quantity surveyor should have a college degree with significance in engineering and/or finance. 201164 – Rs.

Autodesk 40

Autodesk Estimating Profitability Contract 40

ProcurementExpress.com

FEBRUARY 11, 2019

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. There are several things teams need to keep track of at once, from milestones to budgets, ordering, and contracts. Straight away, procurement, project management, and finance, should meet to discuss project requirements.

Procurement 63

Procurement Plans Construction Budgeting 63

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

Construction Business Owner

JANUARY 18, 2012

Accounting & Finance. Querying different type of jobs in job costing to look at profitability by type. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Software & Technology. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. August 2012.

Construction 168

Construction Software Software Accounting 168

Construction Business Owner

APRIL 5, 2012

Accounting & Finance. 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.

Risk 120

Risk Insurance Construction Software 120

Lets Build

AUGUST 3, 2017

Construction work happens manually and work progresses on site through multiple visits and contracts, even today. Making customers and teams more approachable, signing contracts and closing deals become simple when it’s digitized. Being organized is never a loss, but a profit. Work Allocation. Easier Cost Estimation.

Software 129

Software Software Maine Management 129

ProcurementExpress.com

FEBRUARY 11, 2019

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. There are several things teams need to keep track of at once, from milestones to budgets, ordering, and contracts. Straight away, procurement, project management, and finance, should meet to discuss project requirements.

Procurement 52

Procurement Plans Construction Budgeting 52

Construction Business Owner

APRIL 2, 2011

Accounting & Finance. « Free Webinar on Reducing Profit Fade. In our business we fight tooth and nail to stay competitive and win contracts. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Software & Technology. Construction Law. People Management. Green Building.

Construction 159

Construction Software Software Accounting 159

Construction Business Owner

MAY 29, 2012

Accounting & Finance. Recent Comments Diyona Joe on Top 5 Trends in Construction Software Construction services on Top 5 Trends in Construction Software Construction services on Lessons in Construction Leadership Yunz Contracting on Marketing Your Construction Business Yunz Contracting on Safety is More than a Mission Statement Archives.

Construction 120

Construction Software Software Cash Flow 120