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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

A higher ratio indicates a stronger cash position. . Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities . A high value indicates a strong cash position and ability to withstand cash flow constraints. . Accounts Receivable Turnover .

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Data Analytics Trends in Construction

Viewpoint Construction Technology

Construction sites these days have no shortage of data: design and BIM data from the planning stages of a project, jobsite data collected by wearables, mobile devices and sensors on equipment/materials, accounting and job progress data from the office, project management data and much more. Reducing Risk and Increasing Safety.

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Construction Processes To Reduce Injuries And Increase Production

Contractor Bookkeeping

At first read this sounds harsh and yet it comes from my own experiences as a contractor operating multiple jobsites with small crews on each from two to ten people this one concept generated a lot of bottom line profits and kept injuries very low. This means they increased profits and cash flow by making or saving money.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Points to Ponder: It is the contractor’s responsibility to create a work area and zone free from hazards that could cause injury or harm to persons or property. I can say that the courts in most areas would hold at least the contractor liable for this accident and serious painful injury.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. The company called us to come in and evaluate some of their work stations where they seemed to be getting the most injuries from repetitive motions. These tools are a little more expensive, however, if proven to help reduce employee discomfort and injuries, they would be an good investment.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. With every project, no matter how big or small, there is always risk – risk of injury, financial responsibility, or quality assurance. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |. INSURANCE |.

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Construction Workers Doing Side Jobs Can Destroy Your Company

Contractor Bookkeeping

My Primary Concern Is Helping Contractors Increase Cash Flow And Profits. Step #4 Sometime before lunch they appear to have suffered an injury that will require a doctor’s care, possibly some therapy and perhaps even some paid leave. I also empathize with the contractor who suffers financially from a “Monday morning injury”.