Remove Accounting Remove Bidding Remove Change Orders Remove Foundation
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Greg is a Principal at Mountjoy, Chilton, Medley LLP , a CPA firm with a team of accountants dedicated to construction accounting. Meet with them before every project to discuss not only the contractual provisions for scope of work and change orders, but also what you bid and why.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. I know a lot of contractors are getting into bidding season, and this got me thinking about communication. I know from my days as a general contractor that plans and specifications are altered continuously as subcontractors become involved, materials are changed, and change orders are issued.

professionals

Sign Up for our Newsletter

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

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Some Advice on Change Orders » A Change (Order) for the Better? When clients ask me about change orders, I’m reminded of a well-circulated photo. The yacht is named “Change Order.” STRATEGY |. MANAGEMENT |. SOFTWARE |.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. ” » The Expensive Process of Bidding. Without spending money bidding projects, you can’t get jobs to make money building them. With more people bidding on fewer jobs, the market is much more competitive. Reduce Bidding Costs. STRATEGY |. MANAGEMENT |.

Bidding 150
article thumbnail

Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. And that seemed to strike a chord with some of you, so I figured I’d talk more about government jobs, and what you need to be prepared to bid on them. This substantially increases your ability to get bonded and opens the door to bidding on prevailing wage jobs. Tags accounting.

Cash Flow 169
article thumbnail

Independent Objective Locally Researched Construction Cost Data

Job Order Contracting

Both IPD and JOC require a common data environment, CDE, to drive communication, provide financial transparency, and to mitigate the number of errors and omissions and changes orders that are prevalent with traditional construction delivery (design-bid-build, lowest bidder, design-build…). Organized by CSI Masterformat.

CSI 100
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Evaluate Bidding Strategy. There are fewer projects to bid and what projects are available are being bid by more people. Consequently, the bidding climate is very competitive with some work going to people bidding below cost. Tags accounting. change orders.