article thumbnail

Construction Project Manager Field Guide

cnstrctr

When I first started my career in the construction industry I had no idea what a construction project manager was or did. So what exactly is a construction project manager and what do they do on a project? A construction project manager is someone who is responsible for the execution of a construction project.

article thumbnail

3 cash flow forecasting tips for your next big construction project

Viewpoint Construction Technology

Effectively managing cash flow is critical for contractors’ success. Considering these complexities, it’s easy to understand why, throughout the life of a project, a variety of things can change — directly impacting the original cash flow forecast. Create Rolling Enterprise Cash Flow Forecasts.

Cash Flow 130
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Following—and forecasting—the money: Financial modeling for project managers

BD+C

Key to this challenge is the project manager (PM), who synthesizes data on costs, materials, and time to maintain the integrity and momentum of the job. With construction costs comprising between 60% and 85% of the budget for commercial developments, the need to efficiently oversee and balance resources is a top priority.

article thumbnail

Sage Intacct Construction Brings Financial Management to the Cloud

Construction Junkie

There’s no doubt that one of the most important aspects of managing a construction project is being able to quickly and easily analyze your financials. The ability to integrate with these emerging technologies puts your financial manager in a much better position to forecast, rather than only making decisions based on the past.

Sage 145
article thumbnail

Actionable Construction Cost Data

Job Order Contracting

Forecasting cost of future projects. 4BT construction cost data is created and maintained by an professional team with decades of cost engineering, project management, and capital planning experience, including working for organizations such as the R.S. Actionable cost data is critical for successful …. Cost comparisons.

article thumbnail

Common Construction Business Pitfalls And How To Overcome Them

Contractor Bookkeeping

Poor Cash Flow Management One of the biggest challenges for construction businesses is managing cash flow. To avoid this, you should create a cash flow forecast and regularly update it. You need cash to buy materials, pay workers, and keep your business running.

Cash Flow 102
article thumbnail

Bringing Project Data Together for Actionable Insights

ENR Construction

Information sharing and data analysis are critical components of success-ful project management and delivery. By harnessing the power of your data, you will make informed decisions, identify critical patterns in your programs, and improve forecasting.