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3 cash flow forecasting tips for your next big construction project

Viewpoint Construction Technology

Here are three ways to ensure your cash flow forecast gets your project done on time, on brief and on budget. The best benefit of a time-phased cost budget baseline is that project forecasts will be more accurate, with improvements in validation and efficiency. Create Rolling Enterprise Cash Flow Forecasts.

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Monitoring Your Financial Position to Succeed in the Construction Industry

Viewpoint Construction Technology

In fact, there are numerous examples which show that irrespective of the hard work and precision which is put into place for each and every project, failure to pair this with an effective construction accounting and expense control strategy which drives back-end decision making, can be the difference between success and failure.

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4 Guidelines for Preventive Roof Maintenance

Flynn

Those are funds that could be allocated to the roof replacement budget, or elsewhere in the overall facility maintenance budget. Your accounting department can produce a report on costs associated with leak damage, lost use of space, legal claims, clean up, and operational interruptions.

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BuildTools Provides the Solution for Managing Demanding Clients

Pro Builder

He recalls multiple instances that sounded something like this: “I had it in my head that we were only over budget by a few thousand dollars, I had no idea we were this far over!”. We went through a couple of different accounting systems as well, but that was just a waste. Moments like these have become a common trend in the market. “We

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Subtle (and Not So Subtle) Effects of COVID-19 on the Construction Industry

Constructlaw

It is easier to be successful in your claim if it is well-documented. While stay at home orders are being lifted and private construction is returning to pre-pandemic levels, the pandemic has devastated municipal capital budgets. These factors need to be accounted for when developing schedules and budgets.

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New Developments for 179D Energy Efficiency Tax Incentive

Viewpoint Construction Technology

In February of this year, Congress passed a budget that included a one-year extension of the Energy Efficient Commercial Building Deduction, Section 179D , making it available to architects, engineers, and contractors for building projects completed in 2017. Guest post by Kevin Sullivan of BRAYN Consulting LLC. per square foot.

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What Is a Construction Punch List (And How to Improve)

Autodesk Construction Cloud

While punch lists are not strictly speaking mandatory, points out Construction Claims Monthly , they are a widespread and traditional process that occurs toward the end of any construction project. They even go a step further and make sure that everyone knows which items on the punch list they are accountable for well before project closeout.