Viewpoint Construction Technology

JUNE 5, 2018

Revenue recognition standards were recently updated by the Financial Accounting Standards Board , and these updates will have an impact in the construction industry. To help contractors prepare, Viewpoint recently hosted a webinar on how contractors can get ready for the new standards. So where should contractors start?

Contractors 185

Contractors Accounting Contract Viewpoint 185

Viewpoint Construction Technology

JULY 24, 2018

HR, Finance and Accounting Professionals: Learn How to Work Smarter Not Harder at Collaborate 2018. In the construction industry, no two days are ever alike. In the back office, accounting and HR teams are the workhorses that get these tasks done day in and day out. Tax Planning Strategies for Construction Contractors.

Accounting 152

Accounting Finance Viewpoint IRS 152

Safety Services Company

OCTOBER 6, 2023

Navigating the world of ever changing contractor regulations and qualifications can be difficult. As a contractor, you’re required to demonstrate your skills and prove your expertise through multiple means, like contractor compliance and job prequalification. What are Contractor Management Services?

Management 71

Management Contractors Legal Safety 71

Job Order Contracting

AUGUST 24, 2022

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.

Industrial 227

Industrial Procurement Comparison Plans 227

Safety Services Company

SEPTEMBER 29, 2023

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.

Contractors 77

Contractors Risk Comparison Regulation 77

Viewpoint Construction Technology

JANUARY 24, 2018

Compared to other industries, construction tends to be slow to go digital. That doesn’t mean the industry isn’t going digital at all, though. The majority of construction companies are using a variety of software solutions for accounting, project management, estimating, and other important functions. Five years ago, 22.9

Software 169

Software Software Contractors Change Orders 169

Construction Business Owner

MAY 21, 2018

Today’s volatile construction industry, dominated by demanding owners, labor shortages, increasing competition and shrinking profitability, leaves many contractors wondering “How can we survive amidst growing risk and uncertainty?”

Accounting 128

Accounting Profitability Risk Contractors 128

Construction Business Owner

AUGUST 24, 2021

Standard market surety – how contractors can swing back safely from non-standard. It’s been a challenging and uncertain year for the construction industry. Accounting & Finance. 5 Tips for Moving From Nonstandard to Standard Surety. Greg Ragsdale. Tue, 08/24/2021 - 15:46. Click here to read the article. . Promote to rotator No.

Finance 278

Finance Accounting Maine Concrete 278

Construction Business Owner

MAY 30, 2023

CDT As a result of economic and cultural trends, construction organizations today are increasingly relying on technologies that increase efficiency — especially in accounting departments.  Older generations of workers are retiring while others are considering careers in different industries or choosing not to return to work.

Software 264

Software Software Lien Organization 264

Safety Services Company

SEPTEMBER 19, 2023

As suppliers, contractors are expected to demonstrate their training and expertise by adhering to prequalifications requirements. Contractor prequalifications are third-party audits and certifications that serve as proof of skill, dedication to maintaining safe working conditions, and adherence to regulations like OSHA.

Management 95

Management Contractors Safety Certification 95

Autodesk Construction Cloud

JANUARY 18, 2024

The APAC region accounts for more than half (53%) of global greenhouse gas (GHG) emissions, producing 18.3 The manufacturing, construction and building sectors account for 17% and 4% of GHG emissions in the region respectively. billion metric tonnes of carbon dioxide (CO2) in 2020.

Materials 84

Materials Industrial Green Construction 84

Construction Marketing

OCTOBER 16, 2023

Sometimes, even the most experienced developers, contractors, owners, and construction managers find it challenging to maintain the highest efficiency standards and stay organized throughout the entire construction process. Such tools also make assigning duties to your team members and tracking execution easy, enhancing accountability.

Construction 322

Construction Budgeting Budget Materials 322

Viewpoint Construction Technology

APRIL 30, 2019

The Takeaway: This is yet another example of forward-thinking contractors choosing to adapt rather than fade away. With the way technology in general is progressing these days, it’s becoming vital for contractors to modernize their operations. 14B ‘Green New Deal’ for NYC Has Opportunities, Drawbacks for Contractors.

Industrial 145

Industrial New York City Construction Safety 145

Safety Services Company

MARCH 1, 2024

So, with falls being a fear for contractors, initiatives like National Ladder Safety Month are vital. In this blog, let’s break down the major causes of ladder-related injuries, the safety essentials for contractors, and how to ensure safety and compliance for your workers at all times! Ladders are no exception.

Safety 93

Safety Contractors Inspections Accidents 93

Viewpoint Construction Technology

FEBRUARY 6, 2018

Here’s Your Chance to See the Latest Construction Technologies and Hear from Industry Experts—all in an Intimate Setting Near You! With today’s rapid-fire project management and construction accounting demands, it’s easy to fall behind in the race to digitize the jobsite and fully connect the Office, Team and Field.

Contractors 179

Contractors Seattle Viewpoint Industrial 179

Autodesk Construction Cloud

MARCH 31, 2022

Construction is always changing, which is why it’s worth keeping up with important statistics and developments across the industry. In addition to helping you benchmark your performance against your peers, equipping yourself with the latest industry stats can help shape your overall strategy. . State of the industry. Autodesk ].

Statistics 98

Statistics Industrial Autodesk Construction 98

Contractor Bookkeeping

OCTOBER 29, 2019

In the construction industry, cash is the lifeblood of every business — and accountants are the heartbeat. A new survey report released this week from Levelset and TSheets by Quickbooks shines a light on why accounting for a construction business is far more complicated than most other industries.

Accounting 50

Accounting Cash Flow Construction Industrial 50

Contractor Bookkeeping

MAY 17, 2013

All Accounting Methods Share The Same Accounting Equations. Regular Accounting - Is roughly 80% of all accounting and Accounting for businesses in the world. Regular Accounting - Is roughly 80% of all accounting and Accounting for businesses in the world. Cash On Hand. Profit And Loss Report.

Accounting 48

Accounting Contractors Profitability Overhead 48

Fieldwire

AUGUST 14, 2023

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. The industry’s retainage practices throw another wrinkle into the process.

Contractors 98

Contractors Cash Flow Lien Negotiation 98

Construction Business Owner

JUNE 1, 2022

It is time for contractors to get serious about the new accounting lease standard. It is time for contractors to get serious about the FASB ASU 2016?02 02 ASC 842 Leases, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB). Determine how to account for each lease.

Leases 177

Leases FASB Finance Accounting 177

Contractor Bookkeeping

NOVEMBER 3, 2023

If you're looking to network with construction industry professionals, there are several ways to do so. Attend industry events: Look for construction industry conferences, expos, and trade shows in your area. These events often have networking opportunities, such as meet-and-greets or after-hours social events.

Conference 107

Conference Contractors IDEA Industrial 107

Viewpoint Construction Technology

MARCH 7, 2018

Viewpoint’s Digital Contractor Roadshow is kicking off soon and we are on our way to a city near you ! In order to keep you informed of new technology trends and best practices in an ever-changing industry, we are bringing the top thought leaders of the industry to share valuable and timely insights for your construction company.

Contractors 173

Contractors Consulting Project Management Management 173

Viewpoint Construction Technology

JULY 26, 2018

It’s summertime, and we know that means most contractors are busy. But when you get a free minute, it’s worth taking a look at what’s going on in our industry. The takeaway: As drone use skyrockets, more contractors will get on board with drone photography and see the benefits of this technology.

Industrial 136

Industrial Construction Portland Metro 136

Construction Business Owner

SEPTEMBER 30, 2015

In an industry where bigger means better, service-oriented contractors are the often forgotten group of builders and constructors. For many firms, the service element of their business is the "little cousin," accounting for a significantly smaller portion of the firm's volume.

Contractors 120

Contractors Accounting Industrial 120

Constructonomics

JULY 2, 2021

There is hardly any industry around the globe that is not affected by the Coronavirus. The construction industry is no exception. The construction industry is infamous for its bad safety track record at worksites all over the world. Let’s find out how and what changes should we expect for 2021: Safer Construction Sites.

Industrial 100

Industrial Construction Safety Guidelines 100

Contractor Bookkeeping

JANUARY 12, 2024

Tax season can be a bit overwhelming for construction business owners, especially with many things to keep track of in our industry. We know that construction businesses have unique tax considerations that can be tricky to navigate, such as complex accounting and bookkeeping challenges and issues related to payroll and sales taxes.

Accounting 114

Accounting Regulation Construction Software 114

Construction Marketing

FEBRUARY 23, 2016

Don’t miss out on our 2016 Contractor Website Best Practices webcast on Thursday, March 24 at 1 PM CST. Join Perryn Olson, Account Director at Hinge Marketing, Kara Wallace, Marketing Director at Mortensen Construction, and CMA Chairman Neil Brown for exclusive industry insights on website best practices.

Contractors 120

Contractors Accounting Site Design 120

Contractor Magazine

AUGUST 14, 2013

This is the first article in Michael Bohinc’s Accounting Basics online series. According to a 2012 University of Tennessee research report on business startups, the construction industry has one of the highest failure rates of all industries. BY MICHAEL BOHINC, CPA. Business Coach Business Devlopment'

Accounting 79

Accounting Tennessee Contractors Industrial 79

Contractor Bookkeeping

JANUARY 7, 2022

In normal times, contractors who pay close attention to their Five Key Performance Indicators financial reports and stay aware of the macro global economy and the microlocal economy can plan and earn an expected profit after paying themselves a reasonable salary.

Industrial 91

Industrial Forecasting Construction Profitability 91

Viewpoint Construction Technology

APRIL 17, 2018

Contractors today deal with challenging projects, often with multiple performance obligations. The new GAAP revenue recognition standards developed by the Financial Accounting Standards Board are here, and these standards are designed with complex projects in mind. Here are some of the important steps: . Identify the Contract.

Accounting 179

Accounting Contract Viewpoint Cash Flow 179

Safety Services Company

OCTOBER 30, 2023

Hiring clients look at multiple factors before choosing a contractor: are they safe, reliable, and compliant — just to name a few. Roughly 738,281 contractor companies in the U.S. What is the Contractor Prequalification Process? Hiring clients need assurance about contractors’ certification, practices, and qualifications.

Insurance 104

Insurance Certification Contractors Safety 104

Contractor Bookkeeping

SEPTEMBER 6, 2019

We are deeply passionate and committed in the construction industry that we want to support you, our clients and readers, to achieve your definition of success. By building a system and gaining insight from us, you can pick up from our mistakes which you don't have to go through and can start avoiding before it comes crashing down.

Accounting 49

Accounting Construction US Contractors 49

Autodesk Construction Cloud

SEPTEMBER 13, 2022

As with every industry, everything ultimately boils down to the bottom line. Contractors are focused on executing efficiently and safety, while winning new business and staying profitable. . However, the industry is at a pressure point and unfortunately, the unexpected is one of the few things companies can expect.

Autodesk 105

Autodesk Risk Industrial Construction 105

Lets Build

MAY 11, 2020

The construction industry, along with all other sectors in the world, will never be the same because of the COVID-19 pandemic. A lot of industries have adopted remote work arrangements for the past few years already. The construction industry is still one of the least digitised sectors in the world, second only to agriculture.

Industrial 178

Industrial Construction Conference Compensation 178

Fieldwire

FEBRUARY 14, 2022

Here are seven traits of profitable contractors. Specialty contractors thrive on providing expertise in specific areas; however, if that expertise is not in demand, it has little value. One task facing all contractors is marketing – the act of promoting and/or selling services. In-Demand Expertise. Effective Marketing.

Profitability 98

Profitability Contractors Management Contract 98

Viewpoint Construction Technology

FEBRUARY 7, 2019

A Challenging Industry Warrants Sophisticated Tools. Considering contractors face ongoing high pressure to perform and operate with razor-thin profit margins, there’s no doubt: construction is a challenging industry. Here are 6 reasons contractors have told us they love our Spectrum Business Intelligence tool.

Contractors 156

Contractors Cash Flow Construction Management 156

Safety Services Company

MARCH 1, 2024

So, with falls being a fear for contractors, initiatives like National Ladder Safety Month are vital. In this blog, let’s break down the major causes of ladder-related injuries, the safety essentials for contractors, and how to ensure safety and compliance for your workers at all times! Ladders are no exception.

Safety 48

Safety Contractors Inspections Accidents 48