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What are Preliminaries in Construction Contracts?

Lets Build

Most construction companies, project managers , and contractors will deal with preliminaries in their construction contracts. These preliminaries, also called prelims, cover costs for an entire construction project—not for specific work sections or activities. Management and administrative costs.

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The Unique Challenges of Procurement Planning for Construction Companies

ProcurementExpress.com

You’re dealing with subcontractors, labor shortages, sourcing, and multiple projects on multiple deadlines. With that in mind, we’ll look at three of the biggest challenges that construction teams deal with and how they affect procurement planning. Project Management. Document management. Click To Tweet.

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The Unique Challenges of Procurement Planning for Construction Companies

ProcurementExpress.com

You’re dealing with subcontractors, labor shortages, sourcing, and multiple projects on multiple deadlines. With that in mind, we’ll look at three of the biggest challenges that construction teams deal with and how they affect procurement planning. Project Management. Document management. Estimation tool.

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Outsourcing Contractor Bookkeeping Services Vs. Jobs

Contractor Bookkeeping

New technologies and new approaches in cloud computing for construction accounting gives forward thinking contractors an amazing ability to get more for less - but in most cases, contractor''s heads are still stuck in 1990, thinking they have to do everything themselves. Construction Account = 233 Vs. Regular Accounting Titles = 115.

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Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Construction Company cash flow is the movement of money in and out of your Construction Company; these movements are known in accounting circles as inflow and outflow. Outflows for your Construction Company are generally the result of paying labor, material, other direct and indirect costs of goods sold and overhead expenses.

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Rory Woolsey's Construction Estimating Blog: Mark It Up!

Rory Woolsey

“ What are the” appropriate” markups for overhead, profit and contingency when budgeting facilities construction projects?” ” I get this question a lot from my architect friends when helping them budget their projects through the design process. We deal with them all the time. Mark It Up!

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Rory Woolsey's Construction Estimating Blog: Costing Construction

Rory Woolsey

In the long run it is easier to put the time in up front to establish a correct budget then it is to deal with the project in a crisis mode as the job unfolds. Good luck on either account. Accurate budgetary estimating requires a thought out effort of building the project before the project is built.