Construction Equipment

JANUARY 28, 2013

Caterpillar 4Q profit fell 55 percent as a result of charges resulting from the accounting problems in it Chinese subsidiary, as well as slow sales because of high dealer inventories. billion from 2011, garnering a profit of $0.7 Fourth-quarter sales and revenue were $16.1 billion, down $1.2 billion versus $1.4 billion in 2012.

Profitability 79

Profitability Inventory Accounting 79

Contractor Bookkeeping

JUNE 11, 2013

There is some confusion about the differences between job costing accounting and regular accounting which leads some contractors to believe they can get what they need from any bookkeeper and the cheaper the better. Two Basic Types Of Accounting. #1 Tax Accountants are good people and have a place in the accounting world.

Accounting 48

Accounting Bankruptcy Profitability Contractors 48

Construction Marketing

MAY 17, 2023

These tools provide an in-depth analysis of project expenses during the planning stage by taking into account a variety of elements. These tools provide real-time data on environmental conditions, equipment performance, and worker health, allowing for timely intervention and preventive measures.

Innovation 262

Innovation Construction Safety Budgeting 262

Viewpoint Construction Technology

JUNE 12, 2013

MCM is a CPA firm with a team of accountants dedicated to construction accounting. For example, if you completely own a piece of equipment, you probably estimate the amount of fuel that it uses on a job, but may not consider including the depreciation, insurance, maintenance, and other costs associated with running it.

Bidding 317

Bidding Profitability Construction Cash Flow 317

Construction Business Owner

SEPTEMBER 1, 2022

It’s the careful balancing of stocking enough inventory to meet your construction company’s needs without unnecessarily tying up cash — is an essential component of keeping your business running profitably and productively. Your construction business has invested heavily in high-value equipment, machinery and tools.

Inventory 226

Inventory Resource Construction Materials 226

Autodesk Construction Cloud

DECEMBER 12, 2021

Other critical measurements need to be taken into account to track constructions progress and productivity–the primary factors that are going to get teams that wanted success. Below, let’s discuss the importance of construction KPIs and critical metrics your company should be measuring to affect profits and productivity. Key Takeaways.

Profitability 52

Profitability Products CFMA Construction 52

Contractor Bookkeeping

AUGUST 4, 2014

Ever Wonder Why Some Competitors Seem To Have More Cash Flow And Profit Than You? Earning enormous amounts of cash and profits in any business is simple, not easy, but simple if you know what to do. Joe The Plumber''s Story: I met a plumbing contractor in the mid 1970''s who was very profitable. 1 Find Something You Enjoy.

Profitability 49

Profitability Contractors Accounting Documentation 49

Viewpoint Construction Technology

FEBRUARY 19, 2015

Track the make, model, serial numbers and locations of all serviced equipment. Spectrum’s Work Order solution—the tools you need to keep operations profitable and clients satisfied. Track site equipment and component warranties. Construction Accounting. Equipment Management. Spectrum Overview. HR + Payroll.

Software 130

Software Software Management Construction 130

Lets Build

MAY 11, 2022

Preliminary costs in construction impact your entire project, and you’ll find that they cover a broad range of equipment, labour, and materials. In addition, your construction project might impact adjacent structures and their neighbours, meaning that contractors need to account for costs that mitigate damage and disturbances.

Contract 144

Contract Construction Site Accounting 144

Contractor Bookkeeping

AUGUST 30, 2013

We Serve Several Highly P rofitable Construction Companies and some not as profitable ones. The differences in operations between the two groups are very small and yet the profit picture is massively different. Equipment Mobilization And Demobilization. Invite Your Construction Bookkeeper To A Jobsite For Half A Day.

Profitability 48

Profitability Contractors Accounting Cash Flow 48

Viewpoint Construction Technology

JUNE 26, 2018

Hear how to best manage mobile devices, more efficiently collect time, track materials and manage equipment in the field. For HR and Accounting Professionals. And, see how collaborative software solutions are making it easier to work in real time. Get deep dives into detailed financial reporting and business intelligence tools.

Conference 180

Conference Viewpoint Software Software 180

Contractor Bookkeeping

FEBRUARY 20, 2013

Two construction companies, Company A and Company B, can do similar work for the similar customers using similar labor, materials and subcontractors yet Company A will earn twice the bottom line profits over Company B. Is Destroying Your Profits, Your Future And Your Life! At 10% Profit You Need To Sell $2,739.30

Profitability 48

Profitability Construction Accounting Equipment 48

Contractor Bookkeeping

OCTOBER 4, 2013

There are a number of people who pass out advice on how to start a profitable construction company; however, very few have actually done it and fewer still had a clear understanding of where they were making or losing money and fewer yet have ever gotten past the point of owning a J.O.B. Starting Or Re-Starting A Construction Company Is Easy.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Contractor Bookkeeping

AUGUST 2, 2019

Your cost-per-call, closing ratio, and other related information is all part of your operations, accounting, and bookkeeping reports. Mobilization Cost.

Profitability 49

Profitability Travel Mobility Deals 49

Construction Business Owner

SEPTEMBER 27, 2011

ACCOUNTING |. EQUIPMENT |. Accounting & Finance. Equipment Management. Equipment and Services Directory. « Considering New Accounting Software? Most of these contractors are considering an investment in equipment or software, and they want to know if it can actually help their construction business.

Construction 181

Construction Software Software Accounting 181

Autodesk Construction Cloud

JULY 13, 2023

While bringing in large projects and generating revenue is essential, it’s equally important to manage profit effectively and ensure healthy margins. And while profit margins in construction are notoriously tight (4-6%), there are steps you can take to increase your profitability without compromising the quality of your work.

Profitability 98

Profitability Risk Construction Autodesk 98

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. Diving Deeper into Construction Data.

Construction 240

Construction Software Software Cash Flow 240

Contractor Bookkeeping

NOVEMBER 6, 2012

80% Produces More Profit Than 110%. We owned and operated several construction companies before moving full time into outsourced accounting for construction company owners which means we have a unique perspective to share with you.

Profitability 49

Profitability Construction Forecasting Injury 49

Job Order Contracting

MARCH 14, 2017

JOC construction labor costs p rovide the foundation for any successful Job Order Contracting Program. On average, labor accounts for sixty percent (60%) of a project total construction cost and is therefore a primary consideration. Bare costs (no contractor overhead and profit).

Construction 100

Construction Overhead Contract Accounting 100

Contractor Bookkeeping

DECEMBER 3, 2013

Did You Have Trouble Setting Up Xero Accounting Online? You are not alone, it is an accounting program built to satisfy the needs of accountants with an attempt to make it easy for non-accountants. Xero Accounting Online Setup is not as complicated as QuickBooks setup projects. Set up your Chart of Accounts.

Accounting 48

Accounting Washington Leases Insurance 48

Construction Business Owner

APRIL 26, 2012

ACCOUNTING |. EQUIPMENT |. Accounting & Finance. Equipment Management. Equipment and Services Directory. Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. There’s a name for these situations: “profit fade.” STRATEGY |. MANAGEMENT |.

Change Orders 120

Change Orders Construction Profitability Software 120

Construction Business Owner

JANUARY 18, 2012

ACCOUNTING |. EQUIPMENT |. Accounting & Finance. Equipment Management. Equipment and Services Directory. Querying different type of jobs in job costing to look at profitability by type. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |.

Construction 169

Construction Software Software Accounting 169

Construction Marketing

DECEMBER 15, 2021

These are some but not the least solutions that can enhance the design, accounting, budget planning, on-site and business processes, and management. With the help of estimating construction software, it is possible to plan budgets, prevent cost overruns, and generate bottom-line profits. BIM & Wearables. Virtual Reality (VR).

Industrial 120

Industrial Construction Software Software 120

Safety Services Company

DECEMBER 1, 2023

Rigorous oversight, extensive use of Personal Protective Equipment (PPE), and investment in safety and compliance training drive Bob’s profits well above industry averages. That’s why firms that leverage contractor management services to manage and maintain their accounts have a leg up on firms that don’t.

Safety 110

Safety Bidding Contract Liability 110

Construction Business Owner

APRIL 1, 2011

ACCOUNTING |. EQUIPMENT |. Accounting & Finance. Equipment Management. Equipment and Services Directory. Healthy Competition » Free Webinar on Reducing Profit Fade. In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs. Tags accounting.

Cash Flow 120

Cash Flow Construction Software Software 120

Job Order Contracting

APRIL 19, 2018

Each line item represents a discrete individual renovation, repair, or new construction task which includes a description, a unit of measure, crew information, and associated labor, material, and equipment, detailed costs in addition to a total cost. For example, using location factors can result in 30%+ error in labor costs alone.

Overhead 100

Overhead Estimating Profitability CSI 100

Construction Business Owner

AUGUST 30, 2011

ACCOUNTING |. EQUIPMENT |. Accounting & Finance. Equipment Management. Equipment and Services Directory. Considering New Accounting Software? The Best Time to Go Live is… » Why Construction-Specific Accounting Software Costs More than Generic Accounting Software. STRATEGY |. MANAGEMENT |.

Construction 169

Construction Software Software Accounting 169

Construction Business Owner

DECEMBER 20, 2011

ACCOUNTING |. EQUIPMENT |. Accounting & Finance. Equipment Management. Equipment and Services Directory. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |. INSURANCE |. General Management. Software & Technology. foundation.

Software 120

Software Software Construction Accounting 120

Construction Business Owner

NOVEMBER 17, 2011

ACCOUNTING |. EQUIPMENT |. Accounting & Finance. Equipment Management. Equipment and Services Directory. E-mail overload » Construction Equipment Management: Finding the Sweet Spot. Or, “We do our best to gather equipment data, but I know it’s not always right.”. STRATEGY |. MANAGEMENT |.

Construction 137

Construction Software Software Equipment 137

Pro Builder

NOVEMBER 11, 2020

Idle time affects the productivity of employees, and equipment that is available (and in good operational state) but are underused. An example of equipment idle time would be trucks waiting in line to be loaded with excavated earth that will be taken from the construction site. Less idle time means lower equipment maintenance costs .

Construction 59

Construction Equipment Accidents Products 59

Contractor Bookkeeping

JUNE 20, 2012

Your cost-per-call, closing ratio and other related information is all part of your operations, accounting and bookkeping reports. Add Those Costs Together - And you will understand the value of staying on each job and solving all of your customer or client construction and maintenance issues is so much more profitable than windshield time.

Profitability 48

Profitability Contractors Mobility Change Orders 48

Contractor Bookkeeping

MARCH 11, 2016

But Not On Cheap Tools, Equipment, Material And Bookkeeping. Because That Always Costs Them Profit Dollars In The End. Cheap equipment breaks down more often, increases labor costs and also costs more than quality equipment. The Cost Of Cheap Tools, Equipment And Material. At 10% Profit You Need To Sell $15,544.20

Contractors 48

Contractors Accounting Profitability Equipment 48

ENR Construction

JULY 22, 2012

Contractors Are Renting Rather Than Buying More Equipment During Slow Recovery. Equipment rentals allow contractors to shift downtime risk while trimming expenses, including licensing, insurance, taxes and debt, among others. in 2011, according to the Associated Equipment Manufacturers, a Milwaukee-based industry trade group.

Equipment 75

Equipment Contractors Las Vegas FAQ 75

Fieldwire

AUGUST 9, 2023

This way of working is neither transparent nor accountable, and it’s easy for asset management to become dependent on specific individuals – meaning it’s difficult and complex for anyone else to pick up the baton if a key person is out of the office. This can help improve planning and overall profitability.

Industrial 52

Industrial Construction Management Products 52

Construction Business Owner

APRIL 5, 2012

ACCOUNTING |. EQUIPMENT |. Accounting & Finance. Equipment Management. Equipment and Services Directory. And risk can be a profit center, since insurance companies obviously make money. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |. INSURANCE |. General Management. Software & Technology. Green Building.

Risk 120

Risk Insurance Construction Software 120

Contractor Bookkeeping

NOVEMBER 3, 2012

You have what appears to be a high profit job and now you are thinking you have it made and I hope you are right! The most common situation is when a residential remodel contractor who has built a reputation and a substantial company generating profits of 15% or more decides to start building custom homes.

Profitability 49

Profitability Bankruptcy Contractors Remodeling 49

Construction Business Owner

FEBRUARY 16, 2012

ACCOUNTING |. EQUIPMENT |. Accounting & Finance. Equipment Management. Equipment and Services Directory. Mountjoy, Chilton, Medley LLP is a CPA firm with a team of accountants dedicated to construction accounting. Banks are attracted to profitable business. Tags accounting. STRATEGY |.

Banking 120

Banking Construction Cash Flow Finance 120