Construction Enquirer

JUNE 28, 2023

Morgan Sindall is set to report better-than-expected trading for the first-half with profits strongly up. In a trading statement for the first six months of the year, the construction and regeneration contractor said the fit-out division in particular had delivered a much stronger performance than expected.

Profitability 101

Profitability Office Environment Contractors 101

Construction Enquirer

AUGUST 9, 2023

According to the failed contractors records published by administrator FRP Advisory, more than 700 firms have been hit by the collapse of the south east tower builder. Henry also held performance bonds with a dozen surety providers. A further progress report will be published at the end of this year.

Construction 86

Construction Subcontracting Contract Accounting 86

Construction Business Owner

MARCH 3, 2020

EST. Whether you self-perform or manage subcontractors, you need access to accurate, timely information so you can make the strategic decisions that will move your projects—and your business—forward. Exploring the software essentials that push profits & productivity. Thu, 05/07/2020 - 12:00. Angela Bloomer. Acumatica.

Software 168

Software Software Profitability Accounting 168

Contractor Bookkeeping

AUGUST 26, 2022

There comes a time for every small business to raise its prices. That means you have to charge prices that work for you and allow you to remain in business. Knowing The 80/20 Rule For Construction Contractors will surely help: 20% of your customers typically generate 80% of your net profit. Am I Not Charging Enough?

Cash Flow 96

Cash Flow Profitability Contractors Industrial 96

Contractor Bookkeeping

JANUARY 7, 2022

There is a natural ebb and flow in the business cycle, which in regular times operates, somewhat predictable. Something similar occurred from 1976 to 1980, and suddenly in early 1981, the national and global economy began to turn around, and there was a severe shortage of contractors and qualified construction workers.

Industrial 90

Industrial Forecasting Construction Profitability 90

Viewpoint Construction Technology

JUNE 5, 2018

To help contractors prepare, Viewpoint recently hosted a webinar on how contractors can get ready for the new standards. So where should contractors start? First, contractors need to know the timeline of the new changes and what the standard includes. Identify performance obligations.

Contractors 167

Contractors Accounting Contract Viewpoint 167

Viewpoint Construction Technology

JANUARY 24, 2018

Every year, JBKnowledge releases its Construction Technology (ConTech) Report detailing the state of technology use throughout the construction industry. The 2017 report includes many insights about software use in our industry. percent of contractors reported using six or more solutions. Five years ago, 22.9

Software 155

Software Software Contractors Change Orders 155

Federal Construction Contracting Blog

DECEMBER 9, 2021

The SBA is proposing two new methods for small businesses to obtain the often elusive qualifying past performance commonly required when competing for federal contracts. The proposed rules will also authorize small businesses to use past performance as a first-tier subcontractor.

Contract 52

Contract Contractors Office Subcontracting 52

Lets Build

FEBRUARY 2, 2022

A report commissioned by the University of Cambridge’s Centre for Digital Built Britain (CDBB) and prepared by KPMG focused on the value of Information Management within construction and infrastructure sectors. VolkerWessels UK participation in the value of information management in construction report. Improved performance.

Management 148

Management Construction Airports Estimating 148

Viewpoint Construction Technology

JULY 26, 2018

It’s summertime, and we know that means most contractors are busy. New technology continues to change how jobsites function, businesses are taking steps to diversify their workforces and a new project delivery method could be on the horizon. Report: Design-Build to Deliver Almost Half of U.S. Projects by 2021.

Industrial 133

Industrial Construction Portland Metro 133

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. Business management software like ERP is built to handle this—but who can deliver? Running a successful construction firm is by no means an easy task.

Software 196

Software Software Construction ProCore 196

Viewpoint Construction Technology

APRIL 17, 2018

Contractors today deal with challenging projects, often with multiple performance obligations. When implemented properly, they offer improved cash flow and better accounting insight, which benefits contractors and customers. New revenue recognition standards will require contractors to adjust accounting practices.

Accounting 163

Accounting Contract Viewpoint Cash Flow 163

Lets Build

APRIL 15, 2020

Construction management starts with a project owner sharing project information to contractors and subcontractors in order to solicit bids. Contractors and subcontractors give project owners their cost estimates for the project to be completed. Stakeholders then perform feasibility testing accordingly. The process. Closure.

Project Management 148

Project Management Management Construction Feasibility 148

Viewpoint Construction Technology

SEPTEMBER 27, 2018

We know many of you have had a busy summer, so it’s a good time to take a breath and see what’s been going on in our industry (like rising material costs), as well as what’s on the horizon (like more green building ). percent, according to the Associated General Contractors of America.

Industrial 133

Industrial Construction News Insurance 133

Lets Build

APRIL 21, 2023

How would you describe your process of creating daily construction reports? If you can simplify your daily construction reports by recording the right information correctly, you can finish in minutes right from the job site—no more after-hours paperwork in the office. So why do site managers slack on their construction reports?

Project Management 146

Project Management Construction Site Management 146

Viewpoint Construction Technology

OCTOBER 25, 2017

As technology and data analysis tools evolve, data science is giving construction firms the ability to see how their operations fit together and where there’s room for improvement so they can gain a more detailed understanding of their business. Business intelligence (BI) is more than just understanding how to run your company.

Risk 155

Risk Schedule Profitability Viewpoint 155

Viewpoint Construction Technology

FEBRUARY 14, 2018

Many contractors have been using this 3D design method for years now to improve collaboration, often with impressive results for efficiency and ROI. The JBKnowledge 2017 Construction Technology Report , which covers topics such as software adoption and IT investment, reveals some interesting—and perhaps a little troubling—insights about BIM.

BIM 163

BIM Contractors Software Software 163

Construction Enquirer

AUGUST 29, 2023

“Mature discussions” with clients about material price rises enabled specialist engineering contractor McGee to protect its profits despite rampant inflation. “Material price volatility was identified early, and the impact on the business was minimised by having mature discussions with clients about how manage the risk best.

Risk 77

Risk Profitability Security Engineering 77

Construction Enquirer

JUNE 13, 2023

Britain’s biggest steelwork contractor Severfield has delivered stronger than expected profits and revenue after embarking on a diversification strategy. We reported record revenue, delivered underlying profits ahead of expectations and secured a significant value of new, high-quality work across all our geographies.

Profitability 78

Profitability Security Office Deals 78

Job Order Contracting

AUGUST 20, 2023

Secondary data sources , such as contractor and subcontractor quotes are secondary data sources and should not be exclusively relied upon. #2 However, multiple studies/reports note that available and proven best management practices have not been implemented on a widespread basis. Primary data sources should be used whenever possible.

Estimating 217

Estimating CSI Life Cycle Construction 217

Pro Builder

FEBRUARY 4, 2022

According to a report by Home Builders Institute (HBI), the educational arm of the National Association of Home Builders (NAHB), 61% of residential home builders reported a worker shortage in early 2021. Are Your Trades Keeping Busy or Are They Doing Busywork? How to Develop a Committed Trade Contractor Base.

Residential 98

Residential Software Software Contractors 98

Job Order Contracting

DECEMBER 13, 2020

9 4 percent of variations observed in workers’ performance levels have nothing to do with the workers. Instead, most of the performance variations are caused by the system, of which those people are but a part. People can’t perform better than the system allows W. People can’t perform better than the system allows, W.

Project Management 161

Project Management Capterra Organization Management 161

Job Order Contracting

FEBRUARY 24, 2018

Here’s a listing of what is typically included in a construction contractor’s Job Order Contract coefficient… Contractor’s overhead and profit. Business taxes, contributions, memberships, corporate headquarters support (legal, financial, etc.). Other risks of doing business (i.e. Quality control.

Overhead 100

Overhead Permits Insurance Contract 100

Viewpoint Construction Technology

AUGUST 30, 2018

As the end of the summer approaches, many contractors still find themselves busy with seasonal jobs and many face a backlog of work. Even if you’re busy, we recommend taking a look at this month’s top headlines in construction news, especially since some pertain to seasonal safety and the industry’s labor market.

Industrial 148

Industrial Construction Infrastructure Innovation 148

Job Order Contracting

FEBRUARY 20, 2023

The J OCPB (JOC Price Book: reflects the current local costs in detail for construction tasks expected to be performed in the geographical area of the base contract with the primary use of developing a detailed line-item price. Labor line items are not to provide services, typically performed under a separate service or requirements contract.

Contract 226

Contract Office Negotiation Documentation 226

Job Order Contracting

JANUARY 30, 2017

The appropriate selection of independent, objective, and experienced JOC consultant to assist in program design, implementation, and management can provide significant value to JOC owners and contractors. Contractor Phase-In Plan. Contractor Phase-Out Plan. Evaluation of Contractor Performance. INTRODUCTION.

Contract 100

Contract Negotiation Estimating Procurement 100

Viewpoint Construction Technology

MARCH 29, 2018

We know contractors are always looking for ways to gain a competitive edge. At Viewpoint, we work with contractors every day to help them find the best solutions for their organizations and we know these professionals are committed to improvement. Contractors Turning to Alternative Construction Solutions Amid Workforce Shortage.

Industrial 144

Industrial Construction Employment Contractors 144

Viewpoint Construction Technology

APRIL 5, 2018

The variety of tech used was much more limited, and many contractors didn’t consider this technology a priority. JBKnowledge’s 2017 Construction Technology Report found that 41.4 percent of contractors—the largest group of survey respondents—believed mobile capabilities were “not very important” in 2012. Get in touch.

Mobility 139

Mobility Construction Software Software 139

Job Order Contracting

APRIL 30, 2022

Performance-centric reward system. Associated General Contractors of America, “Partnering: A Concept for Success,” Washington, D.C. Supplier-contractor collaboration in the. Building partnerships: case studies of client–contractor. network performance. Shared boundaries. Army Corps of Engineers. Bemelmans, J.,

Construction 222

Construction Project Management Engineering Management 222

Job Order Contracting

JUNE 7, 2017

Survey information obtained from both real property owners and construction contractors spans construction performance, administrative support, owner-contractor relationships, and overall satisfaction. A common and minimum body of knowledge must be defined as a performance standard. Foster and promote ongoing training.

Products 100

Products Construction Life Cycle Contract 100

Job Order Contracting

MARCH 22, 2017

Contractor Phase-In Plan. Contractor Phase-Out Plan. Evaluation of Contractor Performance. Subcontracting Plan Regarding Small, Small Disadvantaged and Women-Owned Small Business 36. In-House or Contract Performance. Evaluate Contractor’s Proposal 41. Contractor Performance.

Contract 100

Contract Negotiation Estimating Procurement 100

Job Order Contracting

FEBRUARY 28, 2017

Contractor Phase-In Plan. Contractor Phase-Out Plan. Evaluation of Contractor Performance. Subcontracting Plan Regarding Small, Small Disadvantaged and Women-Owned Small Business 34. In-House or Contract Performance. Evaluate Contractor’s Proposal 40. Contractor Performance.

Contract 100

Contract Negotiation Estimating Procurement 100

Autodesk Construction Cloud

NOVEMBER 6, 2023

Today, only 20% of construction firms identify as data leaders, with the remaining 80% reporting either beginner or emergent levels of data capabilities. Billy streamlines the collection and verification of compliance documents, such as Certificates of Insurance, business licenses, and certified payroll.

Autodesk 118

Autodesk BIM Visualization Construction 118

Lets Build

MARCH 10, 2023

Free eBook: Quick guide to Lean practices for construction professionals Why you can’t ignore data analytics in construction Construction companies are using data analytics more than ever to gain insights into their project performance and overall business. The second best time is now.

Construction 147

Construction Site Schedule Management 147

Job Order Contracting

OCTOBER 19, 2023

Monte Carlo simulation) to develop a confidence interval around the point estimate. ■ Monte Carlo simulation) to develop a confidence interval around the point estimate. ■

Estimating 222

Estimating Life Cycle Documentation Schedule 222

Levelset

AUGUST 15, 2022

In fact, many contractors and credit managers alike may come up against a number of challenges when it comes to figuring out a business’ creditworthiness. “Suppliers’ credit teams may not have access to credit reporting agencies and rely on trade references for information — which causes delays in getting that information.

Construction 52

Construction Lien Contractors Management 52

Levelset

JUNE 3, 2022

Construction contractors face potential loss with each project they take on. When a loss occurs, it can put a real crunch on a contractor’s cash flow. Project loss insurance has the potential to save contractors from devastating project losses, no matter the cause. It also helps contractors manage cash flow during a loss.

Insurance 52

Insurance Cash Flow Claims Contractors 52