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 Enquirer

JUNE 15, 2023

The slowdown in the housing market has forced a profit warning at Travis Perkins. “Assuming that the present conditions persist for the balance of the year, Management now expects to deliver a full year adjusted operating profit of around £240m.” ” Previous guidance was for a profit of £272m. .

Profitability 72

Profitability Housing Commercial Infrastructure 72

Construction Business Owner

JULY 12, 2023

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.

Work in Progress 286

Work in Progress Construction Profitability Equipment 286

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. This is where connected bid management solutions comes in handy.

Profitability 98

Profitability Bidding Estimating Risk 98

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

OCTOBER 2, 2023

From dealing with tight profit margins, short project timelines and equipment issues, along with an abundance of complex logistics daily, it can be extremely difficult to manage. Not to mention the ever-shrinking workforce the construction industry has been dealing with, further amplifying these issues.

Software 292

Software Software Deals Profitability 292

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. Subcontractors can minimise risk with the right construction software management tools.

Profitability 166

Profitability Viewpoint Software Software 166

Lets Build

DECEMBER 9, 2022

The industry is crucial for economic growth and development, providing the foundation for basically every other industry to operate on. But the industry is plagued with challenges and inefficiencies, from resource wastage to poor construction workforce management techniques. Use the right communication channels.

Management 157

Management Construction Schedule Software 157

Construction Business Owner

OCTOBER 2, 2023

From dealing with tight profit margins, short project timelines and equipment issues, along with an abundance of complex logistics daily, it can be extremely difficult to manage. Not to mention the ever-shrinking workforce the construction industry has been dealing with, further amplifying these issues.

Software 285

Software Software Deals Profitability 285

Pro Builder

JULY 26, 2021

Home Builder Profitability Reached Highest Level on Record. Last year’s net profit average for builders reached the highest level since management consulting firm The Shinn Group began tracking net income data in 1994. The previous record was set in 2006, but 2020’s net profit average of 11.4% for a net profit of 11.4

Profitability 98

Profitability Income Negotiation Sustainability 98

Fieldwire

FEBRUARY 14, 2022

Anyone who has managed a construction company, department, or project knows profitability can be challenging. Intense competition, fluctuating market conditions and other factors often result in tight profit margins. Even with numerous challenges, specialty contracting can be profitable. Solid Management Processes.

Profitability 98

Profitability Contractors Management Contract 98

Construction Business Owner

JULY 4, 2022

Using work-in-progress (WIP) reports to stay on top of every project & maximize profitability. WIP reporting provides construction companies with the insight needed to determine if active jobs are underbilled or overbilled, allowing you to stay on top of every project and maximize profitability. Vice President & General Manager.

Work in Progress 287

Work in Progress Cash Flow Profitability Contractors 287

The Constructor

MAY 2, 2024

What is Best Practice in Construction Best practices in construction encompass the standard and meticulously planned approaches followed within the construction industry to ensure optimal outcomes and profitability. These practices may take the form of policies, procedures, or comprehensive systems implemented during specific periods.

Construction 234

Construction Profitability Plans Industrial 234

Lets Build

DECEMBER 2, 2022

It’s a curious paradox that few industries are as tightly regulated and controlled as the construction sector, yet at the same time, few industries are as vulnerable to unexpected events. What is construction quality management? Construction quality management is broadly similar to project management.

Management 156

Management Construction Risk Cash Flow 156

Lets Build

MARCH 24, 2023

The construction industry is notorious for being slow to adopt new technologies, but failure to digitise your processes in today’s landscape isn’t an option. High build quality, satisfied clients, and timely completion are all great—but it ultimately comes down to making a profit. Keeping every stakeholder on the same page.

Software 147

Software Software Management Construction 147

Lets Build

JUNE 23, 2023

If they all revolve around your financials, you might be shrinking your own profit margins. Your construction KPIs should do more than measure a project’s health—they should show you where profit and productivity are dropping, why they’re dropping, and how to fix the issue. What mistakes were made on the less profitable jobs?

Profitability 78

Profitability Cash Flow Products Construction 78

Lets Build

JUNE 23, 2023

If they all revolve around your financials, you might be shrinking your own profit margins. Your construction KPIs should do more than measure a project’s health—they should show you where profit and productivity are dropping, why they’re dropping, and how to fix the issue. What mistakes were made on the less profitable jobs?

Profitability 78

Profitability Cash Flow Products Construction 78

Viewpoint Construction Technology

JUNE 6, 2012

The presentation was titled Adjust, Adapt, Act: Winning Stories for the Post-2007 Construction Industry. Mr. Smither shared success stories of companies that have managed to stay profitable during hard times, revealing their secrets. The following are some great takeaways from the presentation.

Profitability 192

Profitability Industrial Accounting Construction 192

Autodesk Construction Cloud

OCTOBER 16, 2023

The construction industry can be a challenge to work in for cost-focused business and project executives. Attending leading industry events and conferences is a great way for forward-thinking construction professionals to advance both their careers and businesses. Don't forget to also register for the Construction Industry Forum.

Profitability 52

Profitability Las Vegas Autodesk Construction 52

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. John Meibers Vice President & General Manager.

Work in Progress 296

Work in Progress Construction Profitability Equipment 296

Construction Enquirer

MAY 10, 2023

Caddick Group saw profits jump by more than 40% as it posted latest results for the year ending August 2022. Across the group – which includes Moda Living, Caddick Developments and Caddick Construction – pre-tax profits hit £58m from a turnover up 28% to £492m.

Profitability 83

Profitability Security US Sustainability 83

Safety Services Company

NOVEMBER 9, 2023

The oil and gas industry plays a significant role in the global energy landscape and contribute to 82% of total primary energy consumption in the world. However, the industry is exposed to many risks that can significantly impair operations, the environment, and the safety of people. Otherwise, they can get fined or face legal action.

Risk 91

Risk Management Safety Accidents 91

Viewpoint Construction Technology

APRIL 10, 2018

Although historically the construction industry has been slow to go digital , times are changing. There’s an industry transformation happening in construction, driven by modern technology, and these changes are significantly elevating construction management. Manual Processes Handcuffing True Construction Management.

Management 209

Management Viewpoint Construction Software 209

Autodesk Construction Cloud

SEPTEMBER 2, 2022

Construction projects alone likely generate more data than most industries see in a year, which doesn’t even include data that can be captured from planning, internal communications, and core processes that happen offsite. . Across the industry, this process is largely managed in a series of spreadsheets, maintained by a single gatekeeper.

Profitability 98

Profitability Florida Georgia Organization 98

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 Managing director Simon Girardier forecast that revenue would slip back next year to £950m as the economy slowed.

Profitability 65

Profitability Security Forecasting Infrastructure 65

Autodesk Construction Cloud

JUNE 23, 2022

Everyone working on a project has the goal of delivering it on time and within budget, but few team members feel this quite as keenly as construction project managers. . As the project manager, you’re tasked with overseeing and facilitating the several moving parts of a project. Key Takeaways from the Project Management Master Class.

Project Management 97

Project Management Management Forecasting Profitability 97

Viewpoint Construction Technology

JANUARY 29, 2019

Do you know just how large the construction industry is or what it’s projected to be in the near future? Q2: Between 2016 and 2025, open positions in the construction industry will increase by…? Q6: How much can the construction industry save (in dollars) by using full-scale digitization over a ten-year time span? Ever wonder….

Industrial 215

Industrial Airports Viewpoint Construction 215

The Constructor

JUNE 22, 2022

It also reduces the profit as the. Interest rate hikes make construction projects more expensive because the cost of construction materials increases.

Profitability 188

Profitability Industrial Construction Materials 188

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.

Profitability 52

Profitability Construction Innovation BIM 52

The Constructor

AUGUST 10, 2020

Every industry has started profiting from this technology. The construction industry is not lagging. The construction industry has begun using drones for various purposes, from surveying the land at the starting of a project even to provide a warranty to the finished project. Here are ten […].

Industrial 133

Industrial Construction Profitability Safety 133

Lets Build

JULY 8, 2022

In many respects, the answer to the question “How has COVID affected the construction industry?” Because this was internationally viewed as an essential industry, often taking place outside, construction companies and their staff were able to resume something approaching normal working conditions surprisingly rapidly.

Industrial 148

Industrial Construction Cash Flow Retail 148

Construction Business Owner

APRIL 20, 2023

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. Miller Electric has grown a great team with more than 1,000 electricians in the field.

Software 282

Software Software Contractors Electrical 282

Viewpoint Construction Technology

MAY 24, 2018

Construction companies of all sizes and across all regions are realizing the need to adopt the latest technologies into their operations in order to keep up with demand and to remain profitable. However, this is easier said than done. The most prominent roadblock to technology adoption is resistance to change.

Profitability 174

Profitability Cash Flow Management Houston 174

BD+C

FEBRUARY 18, 2021

Earlier this month, nearly 40 business and government leaders discussed the need for a National Building Information Management Program to improve the relationships, performance, and profitability of the AEC industry in the U.S.

Industrial 105

Industrial BIM Autodesk Profitability 105

Construction Business Owner

SEPTEMBER 18, 2019

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

Safety 320

Safety Negotiation Bidding Profitability 320

Lets Build

NOVEMBER 15, 2019

Many construction companies struggle to stay profitable. One major reason behind this is the way the industry works. A lot of business leaders focus on bidding on contracts and winning jobs rather than making a profit in order to keep up. Many clients, especially in the public sector, tend to award contracts to the lowest.

Profitability 84

Profitability Bidding Construction Contract 84

Lets Build

DECEMBER 10, 2020

Architects, construction managers, or contractors are passionate people who work tirelessly to bring ambitious plans to reality and contribute to society in their own way. Managing a team of so many people is a herculean task. Managing a team of so many people is a herculean task. However, this is a tough mission. The result?

Management 158

Management Construction Project Management Site 158