article thumbnail

Why Getting Prequalified Should Matter to Contractors

Safety Services Company

Enlisting contractors comes with a substantial financial investment and entails significant risks. Every hiring client aims to find safe, reliable, and compliant contractors, so they put potential vendors through a series of tests. Prequalification and contractor management platforms have become prerequisites in the modern world.

article thumbnail

Hidden Costs When Choosing The Right Construction Accounting Software

Contractor Bookkeeping

Typically, in the first month of the year, many contractors with expensive high-end construction software are re-examining if QuickBooks for Contractors is all they need and if switching over to it makes sense. I chat with Contractors every day. For an in-depth comparison of QuickBooks versions, click here. Professional.

professionals

Sign Up for our Newsletter

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

article thumbnail

7 Ways Contractors Can Save Money

Viewpoint Construction Technology

When you’re dealing with jobs that are in the six, seven, and even eight figure budgets, project management can become very complex with many variables to account for. As industry costs and fees increase, these tips can help you get some relief from draining the project account. Comparison shop. Design effectively.

Viewpoint 205
article thumbnail

Cost Variables To Help You Choose A Construction Accounting Software

Contractor Bookkeeping

Many contractors with expensive high-end construction software are re-examining if QuickBooks for Contractors is all they really need and if switching over to it makes sense. The first thing we ask is which of The Four Types of Contractors best describes your company? Salt of The Earth. Dog And Pickup Truck. Professional.

article thumbnail

Learnings from JOC Program Audits and AEC Industry Research

Job Order Contracting

JOC contractor coefficients/adjustment factors should always exceed 1.0 Lack of understanding , collaboration, commitment, and accountability among Owner planning, procurement, and project delivery teams is the number one cause of JOC Program failure. if the unit price book is prepared correctly.

article thumbnail

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. Let’s take a look.

article thumbnail

Contractors Bookkeeping Services Guide

Contractor Bookkeeping

Lately a lot of contractors like you are discovering the need to get better financial and job costing reporting from their accounting software in order to stay competitive and know in advance which jobs to bid on that have a history of making your construction company a reasonable profit and which ones to ignore. Questions to ask.