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Construction Business Owner Blogs

Construction Business Owner

Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. Just about every contractor has been there — a project starts out strong but, as it moves forward, delays and incidental added work and changes knock dollars and cents off of the bottom line. Home » Blogs.

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Why Projects Fail

Job Order Contracting

Organizations that do not implement and continuously import upon a program-based approach, under which all projects a planned, procured, and executed, suffer from unclear objectives , shifting requirements , unrealistic schedule s, and reactive planning , Poor planning and poor change management impede individual project successes.

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Construction Business Owner Blogs

Construction Business Owner

Healthy Competition » Free Webinar on Reducing Profit Fade. One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs.

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Construction Business Owner Blogs

Construction Business Owner

If a business is unprofitable in 2011, and has no taxable income to use the deduction, that business can elect to use 100% Bonus Depreciation and carry-forward to a year when the business is profitable. Committing Intentional Project Communications. Better Project Management through Better Communication. December 2009.

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Construction Business Owner Blogs

Construction Business Owner

Querying different type of jobs in job costing to look at profitability by type. Committing Intentional Project Communications. Better Project Management through Better Communication. December 2009. November 2009. October 2009. September 2009. August 2009. April 2009. March 2009.

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Lean methodology is ignored by the construction sector

Job Order Contracting

These factors include… poor formal and professional education in the domain, low investment in research and development, deep rooted project culture, perceived long life-cycle of associated return on investment, resistance from construction projects’ participants and stakeholders, and lack of real property owner leadership and competency.

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Construction Business Owner Blogs

Construction Business Owner

And for good reason, since the way accounting and business management use software is much different from the way construction operations and project management use it. Committing Intentional Project Communications. Better Project Management through Better Communication. December 2009. November 2009.