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 159

Accounting Profitability Risk Contractors 159

Construction Enquirer

AUGUST 29, 2023

“Mature discussions” with clients about material price rises enabled specialist engineering contractor McGee to protect its profits despite rampant inflation. “Material price volatility was identified early, and the impact on the business was minimised by having mature discussions with clients about how manage the risk best.

Risk 77

Risk Profitability Security Engineering 77

Viewpoint Construction Technology

JULY 24, 2018

HR, Finance and Accounting Professionals: Learn How to Work Smarter Not Harder at Collaborate 2018. In the back office, accounting and HR teams are the workhorses that get these tasks done day in and day out. Viewpoint understands the challenges you face as an accounting, HR or other back-office professional.

Accounting 186

Accounting Finance Viewpoint IRS 186

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

Construction Enquirer

JUNE 5, 2023

A new report from the National Federation of Builders (NFB) reveals that the vast majority of contractors are embracing the latest technology and are enjoying the business benefits it brings. ” Findings at a glance Digital Transformation 8 in 10 contractors say they have implemented digital transformation in their company.

Contractors 75

Contractors Security Certification Risk 75

Autodesk Construction Cloud

SEPTEMBER 13, 2022

Contractors are focused on executing efficiently and safety, while winning new business and staying profitable. . So how can companies optimize for their bottom line without putting their businesses at risk? . Risk management is a multifaceted challenge. Toric: Delivering Data-driven Insights to Improve Decision-making .

Autodesk 105

Autodesk Risk Industrial Construction 105

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 89

Management Contractors Safety Certification 89

BD+C

NOVEMBER 18, 2014

Developers and contractors entering new markets that are looking to mitigate their projects’ risk now have available an interactive tool that not only allows them to access real-time updates pertaining to the risk climate of municipalities across the U.S.,

Risk 97

Risk Contractors Retail BIM 97

Pro Builder

OCTOBER 4, 2021

Risk of Cyberattacks. As predominantly small- and medium-size companies, home builders and trade contractors are especially vulnerable to cybersecurity issues, so it's important for them to understand the risks and take action to protect their companies. SVP Risk Services Division. Expert Advice for Reducing ?Risk

Risk 98

Risk Defense Organization Insurance 98

Pro Builder

DECEMBER 7, 2020

Is Your Construction Team Prepared for Cyber Risks? While there are several cyber risks to monitor, ransomware and business email compromise attacks are two of the most common challenges we see contractors faced within our roles at Sentry Insurance. The account would then divert funds to the criminal instead. .

Risk 92

Risk Construction Security Bidding 92

Job Order Contracting

MAY 4, 2023

The use of consultants to prepare estimates must be carefully structured and reviewed, to make sure that no conflicts of interest exist from a Government-Contractor relationship aspect. Risk and Uncertainty: Costs should be determined for uncertainties within an estimate. Avoiding false precision and early optimism.

Estimating 198

Estimating Construction Risk Documentation 198

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 98

Insurance Certification Contractors Safety 98

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 basics of retainage Retainage, also called retention, is an amount withheld from the contractor until a later date.

Contractors 98

Contractors Cash Flow Lien Negotiation 98

Construction Business Owner

APRIL 3, 2020

If you run your business with disconnected project teams, you face delayed project updates, duplicate data entry, greater risk of errors and unnecessary costs. Bloomer helps to ensure contractors achieve greater profitability in their businesses through their use of Acumatica Construction Edition. Embedded Form. cloud software.

Software 313

Software Software Profitability Accounting 313

Job Order Contracting

MARCH 1, 2022

Contractors must evaluate multiple factors in addition to the associated use of their own capabilities and resources. General / Prime Contractor Overhead. General / Prime Contractor Profit and risk. Transportation of contractor’s personnel to, from, and within the job site. Materials. Equipment. Submittals.

Insurance 235

Insurance Compensation Overhead Security 235

Pro Builder

OCTOBER 4, 2021

Risk of Cyberattacks. As predominantly small- and medium-size companies, home builders and trade contractors are especially vulnerable to cybersecurity issues, so it's important for them to understand the risks and take action to protect themselves. SVP Risk Services Division. PB: What should cyber risk training cover?

Risk 97

Risk Defense Organization Insurance 97

Construction Law

JULY 7, 2021

More than ever, a watchful eye will have to be kept on programmes; just as over-optimistic schedules will risk big problems somewhere along the critical path. More than a few contractors we have spoken to over the years have prided themselves for leaving contracts ‘unused’ and ‘in a drawer’.

Risk 52

Risk Contract Management Maine 52

Job Order Contracting

OCTOBER 19, 2023

Monte Carlo simulation) to develop a confidence interval around the point estimate. ■ Monte Carlo simulation) to develop a confidence interval around the point estimate. ■ Monte Carlo simulation) to develop a confidence interval around the point estimate. ■ Monte Carlo simulation) to develop a confidence interval around the point estimate. ■

Estimating 223

Estimating Life Cycle Documentation Schedule 223

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

OCTOBER 24, 2018

That’s why it is vital for construction professionals on the jobsite to stay connected to the contractor’s back office. For many contractors, the accounting enterprise resource planning (ERP) software is the system of record for data, regardless of whether it’s accounting or operations. High Costs and High Risks.

Software 218

Software Software Mobility Viewpoint 218

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 218

Accounting Contract Viewpoint Cash Flow 218

Safety Services Company

DECEMBER 1, 2023

Two contractors working for a construction firm bid for projects in the same city —we’ll call them Mark and Bob. Both contractors have operated with their firms for over 15 years, employ qualified workers, and boast high-level capability to take on major commercial jobs. Consider this! Here’s where things change.

Safety 110

Safety Bidding Contract Liability 110

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

FEBRUARY 7, 2019

Considering contractors face ongoing high pressure to perform and operate with razor-thin profit margins, there’s no doubt: construction is a challenging industry. Many contractors experience data frustrations ranging from waiting on IT to build a custom report to trying to make a critical business decision without proper data.

Contractors 192

Contractors Cash Flow Construction Management 192

Construction Marketing

SEPTEMBER 9, 2021

Each project will consist of an intricate network of contractors and subcontractors that must be on the same page in order for important construction goals and milestones to be reached. Delays of even a few hours early in the build begin to compound, with weeks added to the project in some cases as contractors are forced to reschedule. .

Lien 182

Lien Construction Schedule Risk 182

Pro Builder

APRIL 19, 2021

5 Reasons to Use Mechanical Contractor Software. Construction software technology has not only helped general contractors but assisted trade contractors to provide their vital services and bring projects to completion. The same is true for mechanical contractors. Mon, 04/19/2021 - 06:00. 2) Time & Productivity Management.

Software 52

Software Software Contractors Change Orders 52

Safety Services Company

JANUARY 5, 2024

As temperatures drop, the risks for contractors and construction workers multiply, from cold stress-related ailments to hazardous working conditions. Understanding and mitigating these risks is crucial for ensuring the safety and well-being of you and your team if you’re working in such environments.

Safety 81

Safety Accidents Construction Risk 81

Construction Business Owner

MARCH 3, 2020

If you run your business with disconnected project teams, you face delayed project updates, duplicate data entry, greater risk of errors and unnecessary costs. Bloomer helps to ensure contractors achieve greater profitability in their businesses through their use of Acumatica Construction Edition. Acumatica.

Software 168

Software Software Profitability Accounting 168

Construction Marketing

MAY 17, 2023

For instance, a landlord who buys the property being constructed and is using property management software will likely have to schedule contractors a lot of the time if the construction is poor, to begin with. These tools provide an in-depth analysis of project expenses during the planning stage by taking into account a variety of elements.

Innovation 254

Innovation Construction Safety Budgeting 254

Viewpoint Construction Technology

OCTOBER 23, 2018

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.

Construction 240

Construction Software Software Cash Flow 240

Job Order Contracting

JUNE 7, 2023

It a relationship characterized by risk/reward sharing and a no blame/no-disputes framework, and full financial transparency. Owner support, capacity, commitment, and accountability, 2. To gain full value from these powerful methods the following foundational elements are required : 1.

Contract 177

Contract Procurement Construction Foundation 177

Autodesk Construction Cloud

DECEMBER 6, 2023

When it comes to construction projects, accounting and financial management are like the foundation of a building. Unfortunately, most ERP and accounting software aren't built for construction project managers. There’s too much risk in manual entry or upload so an integration was a non-negotiable for us.”

Autodesk 98

Autodesk Management Construction Accounting 98

Lets Build

MAY 11, 2022

Most construction companies, project managers , and contractors will deal with preliminaries in their construction contracts. A general allowance for risk. With more contracts becoming collaborative , contractors are taking on more and more design work to put their material and methods expertise to use. Site security.

Contract 144

Contract Construction Site Accounting 144

Lets Build

DECEMBER 2, 2022

From a builder’s perspective, many potential risk factors can be anticipated and pre-emptively resolved by developing a construction quality management plan. It requires written standards that can be referred to at any time by employees, sub-contractors, and clients alike. A game of risk.

Management 156

Management Construction Risk Cash Flow 156

Construction Enquirer

JULY 6, 2023

Grenfell contractor Rydon has revealed a provision of £26.7m In latest published accounts to September 2022, Rydon Group Holdings revealed a pre-tax profit of £6.1m to cover the cost of its part in the settlement earlier this year with more than 900 survivors and bereaved family members of the tragedy. previously.

Claims 131

Claims Profitability Maine Insurance 131

Viewpoint Construction Technology

NOVEMBER 6, 2018

The reasons most often cited for dated information are lack of access to this data at the right time, query driven reporting and a reliance on accounting/finance for information. These modern construction software solutions are helping contractors transform their operations in today’s digital age.

Project Management 201

Project Management Management Viewpoint Software 201

Job Order Contracting

AUGUST 20, 2023

Secondary data sources , such as contractor and subcontractor quotes are secondary data sources and should not be exclusively relied upon. #2 Credible Cost Estimate Core Elements #1 Objectivity – The information used and those invovled in the creation of the construction cost estimate must be objective.

Estimating 219

Estimating CSI Life Cycle Construction 219