Contractor Bookkeeping

SEPTEMBER 8, 2023

Even if you have outsourced your financial functions, as a small construction business owner, having a solid understanding of critical financial concepts is crucial to work with your advisor and 'speak their language". This article outlines several essential concepts that every small business owner should know.

Accounting 108

Accounting Construction US 108

Job Order Contracting

FEBRUARY 1, 2021

Continuous and competent real property owner leadership is a critical success factor. Real property owner senior leadership and FM professionals are ultimately responsible for stewardship of the build environment. Upskilling real property owners is key. 4bt.us – Standards of behavior and a positive vision for the future.

Procurement 154

Procurement Construction Environment Management 154

ENR Construction

NOVEMBER 8, 2023

On the surface, an increase in construction in progress spending last year illustrates greater owner confidence in a post-COVID-19 market.

Construction 83

Construction 83

Contractor Bookkeeping

DECEMBER 22, 2023

Not only does it reduce costs and free up valuable time for owners to focus on growing their business, but it also provides access to skills and expertise that may be unavailable in-house. Outsourcing can offer a range of advantages for small construction businesses in today's competitive market.

Construction 111

Construction Accounting Contractors Housing 111

Job Order Contracting

JANUARY 18, 2021

Owner responsibility for construction waste is clearly documented. It is the owner’s responsibility to provide leadership and oversight with respect to an established strategic framework to meet the budgetary, scheduling, and quality/technical goals of any associated project. Proven Pathway to Measurable Productivity Gain.

Construction 149

Construction Documentation Procurement Renovating 149

Job Order Contracting

JANUARY 1, 2022

Creating an efficient FM ecosystem is critical to fostering owner and design/builder alignment. The post Creating an Efficient FM Ecosystem – Key to Owner/Design-builder Alignment appeared first on 4BT. Make critical physical infrastructure improvements that. benefit generations to come. Adopt a robust enterprise strategy.

Design 199

Design CSI Procurement Organization 199

Contractor Bookkeeping

DECEMBER 15, 2023

However, maintaining a healthy work-life balance can be difficult for a small construction business owner, as most know. By prioritizing your health, contractors can feel better and perform better on the job. You may work long hours, sacrificing personal time and family obligations to keep your business running smoothly.

Management 107

Management Construction Contractors 107

Job Order Contracting

JANUARY 31, 2022

The post Federal REAL PROPERTY OWNERS Could Benefit from Additional Information on Leading Practices appeared first on 4BT. The reality is that financial visibility is limited at best and transparency simply not there. Contact me for the full report.

Management 223

Management Organization Plans Resource 223

Construction Business Owner

OCTOBER 17, 2019

Dodge Data & Analytics and Sevan Multi-Site Solutions recently released a study that reiterated the need for stronger communication and collaboration between project owners and contractors.

Site 251

Site Contractors 251

Job Order Contracting

MARCH 31, 2021

If your are a facilities Owner, Builder, AE, or Architect and are TIRED OF THE SAME OLD PROJECT BS, keep reading… THE TECHNOLOGY MYTH – Technology will solve my construction issues. ATTN: Facilities Owners, Builders AEs, and Designers appeared first on 4BT. The post TIRED OF THE SAME OLD PROJECT BS?

Procurement 263

Procurement Design Plans Renovating 263

Wolgast Corporation

FEBRUARY 27, 2024

Two Important Benefits of Design-Build 1 - An Owner can get an accurate estimate earlier – when using the General Construction delivery method, you have to wait for plans to be completed by the Architect to hand over to the Contractor for bidding. An Owner will have all of the lowest numbers in their bid package.

Design 62

Design Bidding Budgeting Budget 62

Job Order Contracting

MARCH 5, 2021

Real Property Owners and Facilities Management Professionals would better serve their organizations by focusing upon process improvement and alignment. Far too many in the AECOO world view technology as a solution (AECOO – Architecture, Engineering, Construction, Operator, Owner). request white paper).

Management 149

Management Procurement Renovating Budgeting 149

Autodesk Construction Cloud

JUNE 29, 2023

Instead, they hire product owners. What is a Product Owner? Product owners are accountable for products which could include a wide-array of things including Revit add-ins, ERP bolt-ons, operational process automations, data repository integrations, and other custom software solutions.

Products 97

Products Software Software Organization 97

Contractor Bookkeeping

JUNE 2, 2023

If a business owner is afraid of taking risks or making decisions based on past negative experiences, it can hinder their success. By recognizing and addressing fear, business owners can make informed decisions that lead to success. Fear can have a significant impact on business activities.

Construction 90

Construction News Risk US 90

Construction Business Owner

APRIL 17, 2017

Usually, business owners start their companies on their own or in a partnership. The foundation of the business lies in the ingenuity and creativity of the owners. The value that the owner brings to his/her business eventually fades, but it’s not always for the reasons you might think.

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Foundation 208

Wolgast Corporation

DECEMBER 19, 2023

Wolgast has had a lot to celebrate in our 75th year including the following Employee-Owner milestones.

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62

Pro Builder

JUNE 10, 2022

Owner-Occupied Housing Stock Is Aging. The median age of owner-occupied homes rose from 31 years in 2005 to 39 years in 2019, revealing the slow pace of new home construction following the Great Recession. But more than half of the owner-occupied homes were built before 1980, with around 38% built before 1970.

Housing 94

Housing NAHB Remodeling Renovating 94

ENR Construction

APRIL 8, 2024

L+M Development Partners, ENR New York's Owner of the Year, is on the forefront of innovative affordable housing development in the city and across the country.

New York 41

New York New York City Housing Innovation 41

Construction Business Owner

APRIL 26, 2018

While there are several documents that contractors use regularly, there are also other lesser-known legal documents that owners may find useful. Have you ever spent hours drafting a contract, only to discover that there is already a standard contract that would have worked well, or at least given you a good starting point?

Legal 265

Legal Documentation Drafting Agreement 265

Viewpoint Construction Technology

APRIL 10, 2020

As an owner/manager, your employees’ well-being is of high priority. Here are some tips and resources for how to support your teams.

Resource 169

Resource Management Viewpoint News 169

Viewpoint Construction Technology

APRIL 10, 2020

As an owner/manager, your employees’ well-being is of high priority. Here are some tips and resources for how to support your teams.

Resource 169

Resource Management Viewpoint News 169

Viewpoint Construction Technology

APRIL 10, 2020

As an owner/manager, your employees’ well-being is of high priority. Here are some tips and resources for how to support your teams.

Resource 169

Resource Management Viewpoint News 169

Wolgast Corporation

SEPTEMBER 12, 2022

These aren’t new concepts, but with the flurry of attention on energy savings, we wanted to check into the current status for Michigan Commercial Building Owners. Since the Michigan Energy Code (2015) was adopted in 2017 in Michigan, how far are our Commercial Building owners from achieving Net Zero Energy Building Ready?

Michigan 117

Michigan Commercial Remodeling Certification 117

Jobsite with Procore

JUNE 29, 2022

While the construction industry might be past the crisis phase when work came to a halt, many of the challenges that emerged over the last two years remain a thorn in owners’ sides. The pandemic exacerbated a number of familiar construction industry challenges and introduced new ones.

Industrial 90

Industrial Construction United States Risk 90

Job Order Contracting

SEPTEMBER 8, 2020

This level of estimating requires a specific set of requirements information provided by the owner/owner’s representative. Only detailed line item construction cost estimates should be accepted for review and approval by owners from contractors or other service providers for a planned project to be executed.

Estimating 150

Estimating Construction Procurement Life Cycle 150

Jobsite with Procore

JULY 14, 2022

Here are strategies you can use when you want to work directly for owners without damaging your general contractor relationships. Subcontractors can improve their resilience by having a diverse customer base.

Contractors 98

Contractors United States 98

ENR Construction

DECEMBER 13, 2023

National Supreme Court upholds decision that owner Sudbury, Ontario was also liable in death of pedestrian struck by a contractor road grader in 2015.

Liability 68

Liability Site Safety Roads 68

ENR Construction

NOVEMBER 9, 2022

Construction-in-progress numbers have rebounded among this year's Top Owners, but those numbers don't completely reflect owner confidence in an increasingly volatile market.

Construction 81

Construction 81

Contractor Bookkeeping

AUGUST 20, 2021

One classic mistake construction business owners make when money gets tight is stopping marketing or cutting their budgets. At first glance, it seems logical to cut down your expenses during harsh economic conditions. However, in reality, it's the opposite of what you should do.

Budgeting 115

Budgeting Budget Construction Contractors 115

BD+C

APRIL 15, 2021

Cost isn’t the only thing on building owners’ minds these days, but it certainly informs their choices of AEC partners, projects, and products.

Innovation 98

Innovation Products 98

Job Order Contracting

AUGUST 31, 2018

A critical role of a Owner JOC Program Manager is the ability to review and negotiate JOC Contractor Estimates. Here are just a few of the tasks that an owner JOC program manager must perform to assure a fair and reasonable price is being charged by the JOC contractor, scope of work is correct, and that adequate funds are available.

Management 100

Management Estimating Negotiation Documentation 100

Construction Law

FEBRUARY 22, 2024

Rogue building owners failing to fix medium and high rise properties with safety defects are being freshly targeted in a joint government and local authority initiative. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.

Accounting 52

Accounting News Site Safety 52

Construction Marketing

FEBRUARY 8, 2021

The post Roofing Repair Tips for New Home Owners appeared first on Construction Marketing Association Blog. Remember to only do roof projects that you’re confident undertaking. For complicated problems such as sagging roofs and old roofs that direly need replacement, it’s best to contact professionals.

Safety 156

Safety Equipment Contractors Materials 156

Contractor Bookkeeping

MARCH 17, 2023

Many construction business owners like you assume doing so will spell the end of your competitiveness. Raising prices can be a sore subject. But by not raising prices, you're simply letting inflation and your suppliers' maintenance of your margins quietly eat away at profitability.

Profitability 91

Profitability Construction Accounting Contractors 91

Jobsite with Procore

JULY 14, 2022

While many organizations have embraced technology for more effective project delivery, collaboration, financial controls, and more, some owners are still hesitant. Adopting new technology is critical to advancing the construction industry.

Organization 95

Organization Industrial Construction United States 95

Autodesk Construction Cloud

SEPTEMBER 13, 2023

REGISTER NOW Reasons Executives and Owners Love Autodesk University Autodesk University has an abundance of classes and events specifically tailored toward construction executives and owners. Here, you’ll have a chance to learn about the most cutting-edge technologies and strategies to take your business to the next level.

Autodesk 80

Autodesk Las Vegas Industrial Innovation 80

Wolgast Corporation

JUNE 28, 2022

These changes are recommended to the restaurant owner and their architect for review and approval. Freeing up labor through this automation is likely a benefit to any restaurant operation, so the kiosks are meant to get the online orders to their rightful owner with little disruption to waitstaff.

Commercial 124

Commercial Income Construction Materials 124