article thumbnail

What Is Estimate | Types of Estimate |Requirement Data for Estimation |Advantage of Estimate | Disadvantage of Estimate | Types of Cost Estimation

CivilJungle

What Is Estimate? The estimated or anticipated cost of the project is an estimate that is commonly calculated well before the project is taken up. The main goal of estimation is to encourage us to always understand the cost of work prior. Appropriate estimation is planned by detailed estimation in specific item wise.

article thumbnail

Biden Announces New Plan to Help Homeowners Save on Mortgage Costs

Pro Builder

The program is set to begin on March 20, and will help an estimated 850,000 U.S. The program is set to begin on March 20, and will help an estimated 850,000 U.S. FHA-insured mortgages, which accounted for 7.5% Under the new initiative, the Federal Housing Administration will reduce mortgage insurance premiums by 0.3

Plans 52
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

Extracting key ratios from financial statements and safety metrics from OSHA filings allows builders to gauge a subcontractor’s short-term and long-term health — and empower estimators with the data they need to make more informed bidding decisions. . Accounts Receivable Turnover . Formula: Revenue / Accounts Receivable .

Safety 94
article thumbnail

Why Successful Contractors Use Professional Bookkeeping Services

Contractor Bookkeeping

First Important Principle In Construction Accounting: Everything starts with Cash because Cash Is Fact; Profit Is An Opinion. All transactions in the bank account of your construction accounting system no matter if it is QuickBooks or Xero must be assigned to the proper accounts: Income. Job Deposits.

Income 48
article thumbnail

QuickBooks Training For Land Developers And Spec Builders

Contractor Bookkeeping

Understanding Overhead, Other Expenses, and Other Income compounds are also important. Proper QuickBooks set up, and Construction Accounting is the foundation to provide them. Knowing how to use Work-In-Progress, Direct and Indirect Construction Costs is key.

article thumbnail

Xero Accounting Online Setup Errors Fixed Fast And Easy!

Contractor Bookkeeping

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.

article thumbnail

A Cash Flow Guide for Architects

Levelset

Let’s take a look at the basics of cash flow and how architects can budget their expenses and forecast their income to stay in good financial standing. This is in contrast to an accrual basis , which is a form of accounting that tracks revenue and expenses when they are incurred, not when they are paid or received.