Construction Business Owner

APRIL 20, 2023

CDT A growing consensus of contractors believes labor utilization can be greatly improved with the right software. Adopting software doesn’t mean you have to change processes or workflows — it’s about enhancing them with automation, reporting, historical record keeping and bulk actions that improve your business performance and profitability.

Software 177

Software Software Contractors Electrical 177

Construction Business Owner

JULY 19, 2019

One contractor focused its efforts on decreasing waste and secondary time, and its employees now spend about 65% of their time on primary tasks— far above the industry average of 42%. Details here.

Profitability 293

Profitability Products Contractors Industrial 293

Construction Business Owner

SEPTEMBER 22, 2022

Job costing measures the success throughout the job and provides insight into its future profitability. While not used in all industries, job costing is a proven method that the most successful contractors use to steer the financial success of their businesses. The different types of costs and their role in job costing.

Work in Progress 296

Work in Progress Construction Profitability Equipment 296

Lets Build

MARCH 31, 2022

General contractors are at the forefront of almost every construction project. What is a general contractor? Before we get deeper into the details of a general contractor’s salary, let’s briefly talk about their role in the construction industry. How much does a general contractor make?

Contractors 148

Contractors Profitability Management Schedule 148

Construction Business Owner

JULY 4, 2022

Using work-in-progress (WIP) reports to stay on top of every project & maximize profitability. An accurate and timely work-in-progress (WIP) report is one of the most essential tools a contractor can use to optimize cash flow. In this webinar, we will discuss: Five common mistakes that compromise cash flow and job profitability.

Work in Progress 287

Work in Progress Cash Flow Profitability Contractors 287

Construction Business Owner

SEPTEMBER 9, 2022

Managing Supply Chain Disruptions in the Construction Industry. This has been true for every industry, but few have been as broadly affected as the construction industry. This has been true for every industry, but few have been as broadly affected as the construction industry. Greg Ragsdale.

Management 296

Management Industrial Construction Materials 296

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. Underlying pre-tax profit jumped a fifth to £32.5m in the year to March 2023 off record revenue up 22% to £492m. He said: “2023 was a very successful year for the Group.

Profitability 78

Profitability Security Office Deals 78

Viewpoint Construction Technology

MAY 14, 2019

The most common contractor errors and how to avoid them to keep your construction projects safe, productive and profitable. The savvy contractor knows they can’t possibly avoid every jobsite mistake. This adds up to smarter, safer projects that are ultimately more profitable. Neglecting Safety Measures.

Contractors 287

Contractors Software Software Accidents 287

Contractor Bookkeeping

MAY 26, 2023

The key to benefitting from the competition is knowing how to take on competitors so your company earns a profit effectively. Look into your industry and the successful contractors around you not to lose sight of your vision for your construction company but as an inspiration to guide your systems and processes.

Industrial 94

Industrial Construction Profitability Contractors 94

Autodesk Construction Cloud

JUNE 8, 2023

The famous Aristotle quote that goes, “Well begun is half done,” rings very true in the construction industry. Doing so won’t just make your life easier; it’ll also help you protect your profit margins. When you stay on top of project planning and design from the beginning (i.e.,

Profitability 98

Profitability Bidding Estimating Risk 98

Learn Civil Engineering

MAY 15, 2022

What is contractor profit in construction industry

Profitability 40

Profitability Contractors Industrial Construction 40

Viewpoint Construction Technology

NOVEMBER 29, 2017

Construction software has been instrumental in changing the face of the construction industry. As a subcontractor, you’re often at the mercy of the general contractors you work with and are required to use their project management tools. This is costing the global economy more than $2 trillion each year.

Profitability 166

Profitability Viewpoint Software Software 166

Autodesk Construction Cloud

APRIL 24, 2023

While incredibly rewarding, the construction industry is a challenging sector to work in for cost-focused business and project executives. By taking proactive steps and adopting the right tools, you can mitigate and safeguard your firm’s profits. Decisions made using “bad data” are estimated to cost the industry $88.69

Profitability 97

Profitability Construction Autodesk Forecasting 97

Construction Business Owner

MAY 2, 2023

CDT Even with a strong backlog, not properly managing cash flow can be problematic for a contractor. Contractors who are disciplined in their management of contracts, billings, collections and report reviews are able to ensure that their business maintains a strong cash position.

Cash Flow 288

Cash Flow Management Contract Profitability 288

Construction Enquirer

JULY 26, 2023

Shed and multi-room building contractor Winvic saw pre-tax profits fall for the first time after two jobs secured before the pandemic ran into loss. Pre-tax profit nosedived a third to £10.5m in the year to January 2023 as the more challenging market also eroded margins. Headcount over the year rose 16% to 537 staff.

Profitability 65

Profitability Security Forecasting Infrastructure 65

Autodesk Construction Cloud

JULY 31, 2023

To fulfill project and profit expectations consistently – and provide fulfillment for workers themselves. In The Construction Executive's Guide to Protecting Margins , we asked six industry leaders (and a colleague in engineering) how they’re managing profits, projects, and people. As we know, construction is very cyclical.

Profitability 52

Profitability Construction Innovation BIM 52

Construction Business Owner

JANUARY 14, 2020

During the Great Recession, small contractors (companies under 10 employees) failed at a far higher rate than non-construction businesses. However, given the 200,000 business failures, the almost complete collapse of profitability and the immeasurable human cost—our industry was at ground zero and will be again in the next recession.

Profitability 334

Profitability Banking Residential Housing 334

Viewpoint Construction Technology

JANUARY 17, 2019

Now in its seventh year, the annual Construction Technology Report compiled by JBKnowledge is one of the most impressive surveys in the industry, providing the latest trends on everything from construction software, IT budgets and workflows, mobile apps, emerging technologies and more. of the survey’s respondents, while just 20.5%

Contractors 130

Contractors Industrial Mobility Software 130

Construction Business Owner

SEPTEMBER 18, 2019

The construction industry continues to invest heavily in safety management. Smart contractors understand that safety must be both a core value and a strategic priority. As such, safety is a key driver of a construction company’s productivity, quality and profitability.

Safety 320

Safety Negotiation Bidding Profitability 320

Construction Dive

OCTOBER 29, 2018

These are the industry leaders, per ENR revenue rankings, that are implementing sustainable practices in innovative, effective ways.

Sustainability 133

Sustainability Profitability Contractors Innovation 133

Construction Dive

APRIL 4, 2019

In a crowded AGC convention session, a seasoned consultant listed the top traits among the industry's fastest-growing and most profitable contractors.

Contractors 134

Contractors AGC Profitability Consulting 134

BD+C

JANUARY 23, 2020

construction industry leaders increased in November 2019 with respect to sales, profit margins, and staffing, according to the Associated Builders and Contractors Construction Confidence Index. . Confidence among U.S.

ABC 116

ABC Contractors Profitability Construction 116

Pro Builder

JANUARY 9, 2023

The Biggest Challenges for Contractors in the Year Ahead. High inflation, dwindling buyer demand, and lingering supply chain obstacles are just a few of the many challenges keeping contractors up at night during the first month of the new year. Trade Contractors. Mon, 01/09/2023 - 10:43. Home builders across the U.S. Builders.

Contractors 98

Contractors Georgia Contract Materials 98

Jobsite with Procore

MARCH 17, 2022

Although the construction industry has largely bounced back from the darkest days of the pandemic, there remains significant challenges for everyone.

Contractors 52

Contractors Profitability Materials Products 52

Viewpoint Construction Technology

MARCH 27, 2018

In an effort to improve operations, efficiency and productivity on jobsites, more contractors than ever are trying out cutting-edge technology. That’s nearly a 20 percent increase from last year, a big improvement that indicates contractors are looking for new ways to tackle jobsite challenges. The Future Available Now. In 2017, 37.8

Contractors 174

Contractors Construction Visualization Software 174

Contractor Bookkeeping

JANUARY 7, 2022

In normal times, contractors who pay close attention to their Five Key Performance Indicators financial reports and stay aware of the macro global economy and the microlocal economy can plan and earn an expected profit after paying themselves a reasonable salary.

Industrial 91

Industrial Forecasting Construction Profitability 91

Construction Business Owner

MAY 24, 2023

CDT Even with a strong backlog, not properly managing cash flow can be problematic for a contractor. Contractors who are disciplined in their management of contracts, billings, collections and report reviews are able to ensure that their business maintains a strong cash position.

Cash Flow 156

Cash Flow Management Contract Profitability 156

Construction Business Owner

MAY 24, 2023

CDT Even with a strong backlog, not properly managing cash flow can be problematic for a contractor. Contractors who are disciplined in their management of contracts, billings, collections and report reviews are able to ensure that their business maintains a strong cash position.

Cash Flow 156

Cash Flow Management Contract Profitability 156

Autodesk Construction Cloud

JANUARY 31, 2023

1] Sixty years on, the construction industry faces somewhat of a crossroads of its own. Both are easily solvable, but they require the industry to come together in a forward-focused and collective approach. A vicious circle Productivity is a big concern in the construction industry. Change is the law of life,” he said.

Industrial 98

Industrial Construction Products Procurement 98

Viewpoint Construction Technology

DECEMBER 20, 2017

As we approach the end of 2017, it shouldn’t surprise anyone that digital technology and software adoption is happening in almost every industry. The construction industry lags in productivity compared to other industries, though, according to a report by McKinsey & Company. The industry could be doing better.

Industrial 166

Industrial Construction Viewpoint Products 166

ENR Construction

JULY 12, 2022

The survey also shows an expectation that contractor profit margins will drop over the next six months—the first time a reduction has been anticipated since last October.

ABC 80

ABC Profitability Industrial Contractors 80

Fieldwire

AUGUST 14, 2023

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. The industry’s retainage practices throw another wrinkle into the process.

Contractors 98

Contractors Cash Flow Lien Negotiation 98

Autodesk Construction Cloud

JUNE 15, 2023

On this podcast episode We’re joined by Matthew Abeles , VP of Construction Technology and Innovation at the Associated Builders and Contractors (ABC). We also explore how the increase in collaboration between construction technology companies is empowering the larger industry to innovate and solve more complex problems.

ABC 97

ABC Innovation Industrial Bidding 97

Contractor Bookkeeping

SEPTEMBER 5, 2013

When A Contractor Brags About Getting Referrals It Drives Me Crazy! All Construction Contractors Get Referrals which some turn out to be profitable some turn out non-profitable. The key is getting more profitable leads and fewer not-profitable leads. Oddly enough they cautioned me not to work for.guess who?

Profitability 49

Profitability Contractors Accounting Income 49

Construction Superintendent Magazine

OCTOBER 11, 2022

Associated Builders and Contractors reports that its Construction Backlog Indicator increased to 9 months in September, according to an ABC member survey conducted Sept. Backlog in heavy industrial increased sizably in September, spurred by a 21.5% ABC’s Construction Confidence Index readings for profit margins.

Contractors 52

Contractors ABC Construction Profitability 52

Lets Build

SEPTEMBER 14, 2023

The construction industry has been slow in embracing technology and digital transformation. It’s no surprise that clipboards, spreadsheets, and A3 drawings remain commonplace in the industry, as many companies choose to stick with tried-and-tested methods. Another reason is resistance to change.

Industrial 78

Industrial Construction Safety Inspections 78

Lets Build

SEPTEMBER 8, 2023

The construction industry has been slow in embracing technology and digital transformation. It’s no surprise that clipboards, spreadsheets, and A3 drawings remain commonplace in the industry, as many companies choose to stick with tried-and-tested methods. Another reason is resistance to change.

Industrial 78

Industrial Construction Safety Inspections 78