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

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% percent for a net profit of 11.2

Profitability 98

Profitability Income Negotiation Sustainability 98

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

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

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

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

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. In-Demand Expertise.

Profitability 98

Profitability Contractors Management Contract 98

Construction Business Owner

APRIL 1, 2024

Now facing the dual pressures of inflation and rising interest rates, the industry must also contend with labor issues that continue to constrict profit margins.

Cash Flow 156

Cash Flow Management Profitability Residential 156

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

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

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 183

Profitability Industrial Accounting Construction 183

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

Construction Equipment

FEBRUARY 8, 2021

CNH Industrial reported consolidated revenues of $8.5 GAAP “CNH Industrial delivered solid results in Q4, ending 2020 with year-over-year profitability improvements… billion (up 10 percent). Net income of $187 million and adjusted net income of $432 million. Financial results presented under U.S.

Industrial 118

Industrial Income Profitability 118

Viewpoint Construction Technology

NOVEMBER 29, 2017

Construction software has been instrumental in changing the face of the construction industry. At the same time, you’re trying to keep a close eye on your own jobs, profit margins, invoices, personnel, equipment, drawings, and more. When profit margins hover at only 3 per cent, an entire project gain can be wiped out with one mistake.

Profitability 137

Profitability Viewpoint Software Software 137

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

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

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 92

Industrial Construction Profitability Contractors 92

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

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

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

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. Promote to rotator No. Rotator Image.

Work in Progress 287

Work in Progress Cash Flow Profitability Contractors 287

Construction Business Owner

MARCH 1, 2024

Strategic Cost Estimation for Contractors in 2024 ccapoccia Fri, 03/01/2024 - 16:03 As we navigate the complexities of the construction industry in 2024, the ability to provide accurate cost estimations remains the cornerstone of a contractor’s success. Nonetheless, the importance of developing a precise cost estimate cannot be overstated.

Estimating 156

Estimating Contractors Roads Profitability 156

Construction Dive

NOVEMBER 28, 2023

Amid soaring costs, several construction industry giants reported lower gains in recent earnings reports.

Profitability 104

Profitability Industrial Construction 104

The Constructor

OCTOBER 2, 2017

Construction industries faces a lot of challenges and issues such as productivity, sustainability, profit margins, lack of skilled labors, use of.

Industrial 190

Industrial Profitability Construction Sustainability 190

Construction Business Owner

SEPTEMBER 28, 2021

They lack the underlying foundation, systems and structure that are essential to all businesses, preventing them from building a profitable and efficient company. Business owners in the construction industry are no exception. Unfortunately, too many entrepreneurs fail to build their business properly from day one.

Sustainability 374

Sustainability Construction Profitability Foundation 374

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 160

Industrial Airports Viewpoint Construction 160

Pro Builder

JUNE 10, 2022

The Housing Industry Post-Pandemic. The COVID-19 pandemic is essentially over, but the disruption to the housing industry that lies in its wake will be felt for years to come. Housing, Industrialized: Marketing Industrialized Construction to Consumers. Despite cost increases, average net profit leapt to 9.1%

Housing 119

Housing Industrial Profitability Retail 119

Pro Builder

APRIL 6, 2023

Builders anticipate sales, employment and profit margins to expand over the coming months. “In nonresidential construction industry remains remarkable,” he said. The increase in available jobs also supports recent surveys of ABC members, which indicate that nonresidential construction firms are in “growth mode,” [Anirban] Basu wrote.

Industrial 97

Industrial ABC Construction Statistics 97

Viewpoint Construction Technology

JULY 16, 2020

Viewpoint's Matt Harris recently discussed the construction industry landscape on the Construction Genius podcast.

Viewpoint 196

Viewpoint Profitability Construction Industrial 196

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

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.

Work in Progress 296

Work in Progress Construction Profitability Equipment 296

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

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

FEBRUARY 6, 2018

At Viewpoint we strive to help customers streamline operations, decrease risk, increase profits and transform their businesses. The digitization of the construction industry is inevitable, and Viewpoint is at the forefront of construction software innovation. “The use of technology in construction is going to change dramatically.

Viewpoint 130

Viewpoint Industrial Construction Mobility 130

Construction Business Owner

JANUARY 14, 2020

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