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2023 industry recession to be deeper than first forecast

Construction Enquirer

this year after economists at the Construction Products Association sharply downgraded forecasts for the second time. Falling private new housing combined with recent government delays to major infrastructure projects has prompted the spring forecast downgrade from a previously forecast 4.7% fall in output. in 2023 and 1.2%

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3 cash flow forecasting tips for your next big construction project

Viewpoint Construction Technology

Adding to the complexity are project durations (which can go from days to years), the broad scope of work, the logistical sequencing of tasks and any conditions tacked onto the contract. Here are three ways to ensure your cash flow forecast gets your project done on time, on brief and on budget.

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Howard Russell Construction goes into administration

Construction Enquirer

Accounts show that the company owed £4.4m In its forecast for this year Howard Russell was predicting a turnover of up to £80m based on a rising number of negotiated contracts. Latest results for the firm for the year to March 31 2022 show a pre-tax profit of £790,000 from a turnover of £43.5m

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How To Make 2021 Your Contracting Cash Flow Year

Contractor Bookkeeping

Although it's impossible to predict the future with 100% accuracy, a cash flow forecast is a tool that will help you prepare for different possible scenarios in the future. What is Cash Flow Forecast? A cash flow forecast comprises three key elements: beginning cash balance, cash inflows (e.g.,

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5 Critical Construction Project Reports your System Should Pull Without Fuss

Viewpoint Construction Technology

Here’s a list of key reports that you should be able to pull at any moment from your construction project management software: Basic Accounting Reports. At a bare minimum, you’ll need the following for your accounting function: profit and loss report, balance sheets, trial balance and trading summaries.

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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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Sage Intacct Construction Brings Financial Management to the Cloud

Construction Junkie

Sage Intacct Construction Officially announced in March of 2020, Sage Intacct Construction gets its name from a combination of “internet” and “accounting,” as that’s precisely what it is.

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