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The Secret Sauce to Protecting Construction Profits  

Autodesk Construction Cloud

By taking proactive steps and adopting the right tools, you can mitigate and safeguard your firm’s profits. ” Clearly, technology can enormously influence your projects’ productivity and profitability. Little to no project or business predictability Most construction projects are like a unique snowflake.

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Tips for Staying Profitable in the Construction Industry

Viewpoint Construction Technology

Mountjoy Chilton Medley LLP is a CPA firm with a team of accountants dedicated to construction accounting. Our firm recently had the pleasure of welcoming FMI’s Lee Smither as he presented invaluable information to a group of our construction clients and prospects. The following are some great takeaways from the presentation.

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4 Ways to Avoid Profitability Traps That May Be Costing You

Autodesk Construction Cloud

Maintaining profitability on any given project is a challenge that many AEC firms face. It’s no secret that the construction industry has some of the lowest margins out there; data from Camino Financial states that the construction industry has an average net profit margin of just 5%. Establish clear accountability across teams.

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BuildTools Delivers Major Productivity and Profitability Gains for Home Builders

Pro Builder

BuildTools Delivers Major Productivity and Profitability Gains for Home Builders. Bast brings productivity and profitability gains to home builders. Bast has been at his present company for about two years. And it does it all in real-time and in a way that creates real accountability within the company. kcichowicz.

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Validity of a Construction Cost Estimate – Public Sector

Job Order Contracting

The cost estimate should be detailed, i.e. line item, and presented in a clear, standardized manner. Make certain that the selected year-of-expenditure reflects a realistic scenario, taking into account project planning and development durations, as well as construction. The appearance of false precision must be avoided.

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Essential Construction KPIs to Improve Profits and Productivity

Autodesk Construction Cloud

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.

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Hire Us And Keep Your Bookkeeper Can Dramatically Increase Profits!

Contractor Bookkeeping

The primary problem is most bookkeepers do not have the 10,000 hours of practice and training required for a construction accountant and they labor under the illusion that all bookkeeping is similar and yet nothing can be further from the truth. What Can You Do To Put More Cash And Profit In Your Construction Company?