Constructonomics

FEBRUARY 4, 2013

Noelle Hirsch is a regular contributing researcher and writer for the online construction management site, [link]. In today’s post, she delves into the timely topic of integrating efficient construction management and LEED certifications into building practices to lower operating costs and reduce energy use.

Certification 122

Certification Management Green Construction 122

Contractor Bookkeeping

AUGUST 11, 2014

The banker said his Profit & Loss, Balance Sheet did not look right to him. His banker was a blunt and told him that if he wanted to stay in the construction business he needed to have accurate Profit & Loss, Balance Sheet and Job Costing Reports. QuickBooks Job Profitability Reports. He had to rely on his gut feeling.

Profitability 48

Profitability Contractors Accounting Income 48

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! Construction company owners who understand Construction Psychology and the need for Business Process Management (BPM) System also know the importance of being process dependent, not people dependent.

Profitability 49

Profitability Bankruptcy Contractors Remodeling 49

Contractor Bookkeeping

JUNE 21, 2012

Construction Companies - Need short term liquid working capital such as cash, lines of credit, loans, owner financing, credit cards, supplier accounts and other forms of money to conduct daily operations. Compare the success and profitability of a McDonalds franchise to most restaurants.

Profitability 48

Profitability Contractors Banking Change Orders 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. The really good news they are on the banks payroll.

Profitability 48

Profitability Construction Accounting Cash Flow 48

cnstrctr

JANUARY 4, 2020

The different types of construction projects include: Lump Sum Construction Management (Cost Plus / Guaranteed Maximum Price) Design Build Design Build Finance Maintain. Construction Management Contracts. Construction Management contracts were introduced in the 1980s as a new way to manage construction contracts.

Contract 88

Contract Construction Finance Documentation 88

Contractor Bookkeeping

DECEMBER 20, 2013

Online invoicing and bill paying and is saving contractors in ### time and money by streamlining their entire processes which means they and getting paid faster and putting more money in the bank to operate and grow their construction company. Everyday more of your competitors are jumping on the online banking bandwagon.

Profitability 48

Profitability Accounting Construction Security 48

Contractor Bookkeeping

AUGUST 29, 2014

Is Cash Flow The Same As Profit? While they might seem similar, profit and cash flow are two entirely different concepts, each with entirely different results. The concept of profit is somewhat broad and only looks at income and expenses over a certain period, say a fiscal quarter. Please contact us and we can help you with it.

Cash Flow 48

Cash Flow Management Contract Accounting 48

Levelset

JUNE 6, 2022

It can significantly impact the financial standing of contractors, especially when working on projects with a small profit margin. Peterson , a construction finance educator and author, “The retention in the retention receivable account is not collectible yet because the contractor has not earned the right to receive it.”

Accounting 98

Accounting ABC Banking Liability 98

Construction Business Owner

OCTOBER 14, 2011

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. Change orders can be harder to manage – and present more of a profitability challenge – than pre-planned project work. STRATEGY |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |.

Change Orders 120

Change Orders Construction Software Software 120

Construction Business Owner

MARCH 6, 2011

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. Mr. Rattner discussed the stress tests given by the Treasury Department to large banks that were receiving TARP funds. What would you do next week if you lost that job you had been banking on? Management.

Construction 120

Construction Software Software Accounting 120

Buisness Facilities Contributed Content

NOVEMBER 11, 2013

Facing pressure to manage costs, risks and energy consumption, commercial real estate investors are exploring how smart building technologies can help a company’s triple bottom line (people, planet, profits). Additionally, operational and energy savings begin shortly after the smart building management system is implemented.

Commercial 78

Commercial Sustainability Banking Management 78

Construction Business Owner

FEBRUARY 23, 2012

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. For example, banks and other financial institutions put in stronger measures than many other industries. Better Project Management through Better Communication. construction management. Management.

Security 120

Security Construction Software Software 120

Contractor Bookkeeping

JANUARY 27, 2014

They could do a fine job, the only question is how long would it take and would you be able to sell the house and make a profit? Spec Home Builders - Need people trained in construction accounting who understand how to put together a bank draw correctly, not someone with experience in regular bookkeeping. We know what to do!

Contractors 49

Contractors Accounting Banking Profitability 49

Contractor Bookkeeping

AUGUST 16, 2013

Business Owners - Need three basic reports, Cash, Profit and Equity. Bank Balance - Un-cleared Checks) = Cash. Profit And Loss Report. Sales - Expenses) = Profit. It is easy to run reports to determine which items are profitable and unprofitable and make adjustments quickly as needed. -. Bank Account - Operating.

Work in Progress 60

Work in Progress Accounting Construction Leases 60

Contractor Bookkeeping

NOVEMBER 25, 2013

You can see at a glance what is happening with your finances anytime online from your smartphone, desktop, iPhone or any web enabled device. Previous year end bank, credit card and other account balances. Activate your bank and PayPal feeds for downloading into Xero. Connect your bank and PayPal feeds. Weekly reporting.

Accounting 49

Accounting Banking Project Management Washington 49

Business Facilities

JULY 11, 2014

The updated Pennsylvania incentives guide is brought to you by Real Street Expo , a new event sponsored by Business Facilities and Today’s Facility Manager magazines. Not-for-profit organizations and Community groups are eligible. Export Financing Program: Funding for small business for export activities.

Pennsylvania 45

Pennsylvania Finance Zoning Banking 45

Contractor Bookkeeping

JULY 18, 2012

They could do a fine job, the only question is how long would it take and would you be able to sell the house and make a profit? Spec Home Builders - Need people trained in construction bookkeeping who understand how to put together a bank draw correctly, not someone with experience in regular bookkeeping. We know what to do!

Banking 54

Banking Remodeling Profitability Drawings 54

Contractor Bookkeeping

JULY 7, 2014

Manage The Money. Reconcile The Bank Accounts. Arrange Financing For Trucks And Equipment. Manage Change Orders. Make Bank Deposits. Generate Useful Profit & Loss Reports. And Manage A Few Hundred More Paperwork Nightmares. Business Process Management (BPM) For Contractors. Embezzlers.

Contractors 49

Contractors Accounting Banking Project Management 49

Construction Business Owner

MARCH 29, 2012

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. The Business of Construction Risk Management » The Fundamentals of Building Information Modeling (BIM). Does an electrical raceway run through a duct bank? construction management. Management.

Construction 120

Construction BIM Software Software 120

Business Facilities

JULY 11, 2014

The updated Oregon incentives guide is brought to you by Real Street Expo , a new event sponsored by Business Facilities and Today’s Facility Manager magazines. Oregon Business Development Fund (OBDF): A revolving loan fund that provides term fixed-rate financing for land, buildings, equipment, machinery and permanent working capital.

Oregon 49

Oregon Finance Income Zoning 49

Building Information Management

JULY 10, 2012

Efficient life-cycle management of the built environment (BIM) is critical to many/most members of senior management, if just that they don’t know it. So, why has the “BOARDROOM” virtually ignored the efficient management of the built environment? Climate change is real, no debate left… period.

BIM 40

BIM Life Cycle Modeling Environment 40

Building Information Management

JULY 10, 2012

Efficient life-cycle management of the built environment (BIM) is critical to many/most members of senior management, if just that they don’t know it. So, why has the “BOARDROOM” virtually ignored the efficient management of the built environment? Climate change is real, no debate left… period.

BIM 40

BIM Life Cycle Modeling Environment 40

Pro Builder

JUNE 6, 2022

15 Management Systems to Help You Avoid the High-Speed Wobbles. But with that rapid growth come what I call “high-speed wobbles”—unsteadiness caused by lack of the management processes and systems needed to keep pace. Mon, 06/06/2022 - 07:00. Chuck Shinn. . Rising From the Ashes of the Great Recession.

Management 52

Management Cash Flow Profitability Schedule 52

Construction Marketing

FEBRUARY 11, 2021

When this happens, it’s vital to save profit from busy seasons to pay the expenses for the off-season. . 10) Business bank account and credit card. A separate bank account will make management easier, and it will help protect your personal assets. It also makes filing taxes more manageable. . 5) Pricing.

Insurance 295

Insurance Liability Legal Compensation 295

Buisness Facilities Contributed Content

MARCH 9, 2016

Part of the service includes providing aggressive development assistance in the form of tax credits and financing programs. Learn more at www.westvirginia.gov or contact one of our business managers at (304) 558-2234. . FINANCING & GRANTS. This program insures up to 80% of a bank loan for a maximum loan term of four years.

West Virginia 40

West Virginia Virginia Income Finance 40

Contractor Bookkeeping

AUGUST 27, 2014

Let us handle your QuickBooks setup for your contracting company because accurate QuickBooks contractor reports are what profitable contractors use to help them steer their construction company through the ups and downs of the business cycle. Which QuickBooks Reports Will Help You Increase Sales And Profits? Of course you are!

Contractors 89

Contractors Accounting Work in Progress Profitability 89

Buisness Facilities Contributed Content

MARCH 9, 2016

FINANCING & GRANTS. The Business Ready Community Grant & Loan Program: Can provide financing for publicly owned infrastructure that promotes economic development within Wyoming communities and provides publicly owned infrastructure that facilitates a specific businesses needs. The purchase of these bonds is authorized by W.S.

Wyoming 40

Wyoming Finance Debt Equipment 40

Contractor Bookkeeping

NOVEMBER 26, 2013

You can see at a glance what is happening with your finances anytime online from your smartphone, desktop, iPhone or any web enabled device. Previous year end bank, credit card and other account balances. Activate your bank and PayPal feeds for downloading into Xero. Connect your bank and PayPal feeds. Weekly reporting.

Washington 48

Washington Accounting Banking Project Management 48

Contractor Bookkeeping

JULY 24, 2014

There is a lot of information to be gained when you compare this year’s Profit & Loss to the prior year because it will alert you to trends early enough to respond rather than reacting after it is too late and help establish profit and sales goals. Business Process Management (BPM) For Contractors. See more at: [link].

Accounting 48

Accounting Construction Contractors Profitability 48

Buisness Facilities Contributed Content

JUNE 26, 2014

We give preference to businesses that need assistance for deal-closing or those second-stage companies that need gap financing. Corporate real estate is a common thread that runs through everything we cover in BF and its sister publication, Today’s Facility Manager. So we planned a new event that would focus on CRE.

Michigan 57

Michigan Las Vegas Innovation Commercial 57

Contractor Bookkeeping

OCTOBER 3, 2014

I say that with all due respect to egg heads since I am an egg-head with several degrees and certifications in Accounting, Construction Accounting and Project Management. Bookkeeper Embezzlement Can Destroy Your Construction Company And Your Personal Finances. 12 - Your Bookkeeper - Insists on picking up the daily mail. #13

Accounting 48

Accounting Construction Banking Contractors 48

Contractor Bookkeeping

MARCH 16, 2013

Are you having issues with the office manager, a spouse, a contractor or someone else? Bring All Your - Paper, letters, invoices and bank and credit card statements. This meeting is a management discussion and the construction company owner must be present to win the opportunity to work with us. Our First Meeting.

Contractors 48

Contractors Accounting Banking Office 48

Contractor Bookkeeping

JULY 28, 2014

My wife is good at managing what little money I bring in so I don''t need any just yet. I have personal and business credit cards to finance the work. Use this money for working capital and stop financing somebody else''s dream. Business Process Management (BPM) For Contractors. Click Here To Learn More. Need Help Now?

Contractors 49

Contractors Change Orders Accounting Cash Flow 49

Contractor Bookkeeping

JANUARY 2, 2015

The idea was you would do all the work they would get half the profits and you politely refused, or not? Did You Go To Your Bank - And they offered to give you a line of credit. Did You Use Your Personal Credit Cards - And supplier accounts to finance your new business and perhaps you were not careful about what you bought?

Construction 48

Construction Insurance Accounting Claims 48

Contractor Bookkeeping

JUNE 20, 2014

You do all the work they get half the profits and you politely refuse. Go To Your Bank - And they offer you a line of credit. Use Credit Cards - And supplier accounts to finance your new business and be very careful about what you buy. Bank Accounts - Set up two bank accounts in your company name. You say O.K.

Insurance 48

Insurance Construction Accounting Claims 48

Contractor Bookkeeping

DECEMBER 3, 2013

Connect your bank and PayPal feeds. We Can Convert The Following To Xero Accounting: Shoe Box Full Of Paperwork, Receipts And Bank Statements. Chart of Accounts Customer Checks Returned From Bank. Chart of Accounts Financing Costs. Bank Reconciliations. Custom Management Reports. Handwritten Paperwork.

Accounting 48

Accounting Washington Leases Insurance 48