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How to Deal with Extended Lead Times and High Material Costs

Levelset

Contractors report that supply chain disruptions impact inventory and their ability to forecast for the future. According to the 2022 Construction Cash Flow & Payment Report , construction businesses reported slow payments contributed to wasted resources (45%), reduced profit (41%), and failure to meet payroll (18%). .

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15 Management Systems to Help You Avoid the High-Speed Wobbles

Pro Builder

history due to low inventories of existing and new homes, low mortgage interest rates (even with recent rate hikes), Baby Boomers downsizing, and Millennials entering the for-sale housing market en masse. While all of that is good news for home builders, simply ramping up volume and sales isn’t synonymous with increasing net profits.

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Industry Focus – Retail: Less Than Six Degrees of Separation

Buisness Facilities Contributed Content

R etailing involves buying large quantities of goods and selling them in smaller quantities to consumers for a profit. The National Retail Federation (NRF)—the nation’s largest retail trade group—recently released its 2016 economic forecast. Keys to the Cape’s Forecast. By the BF Staff From the March/April 2016 Issue.

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Contractors Online Accounting With QuickBooks Desktop Version

Contractor Bookkeeping

With 24/7/365 access to your company’s QuickBooks financial data, and a host of QuickBooks financial reports at your fingertips you’ll always know how well your construction company is doing, how much money you have in the bank, and the capability to find out where the company is likely to be heading in the near future. Payroll Issues.

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Keep Construction Office & Operations Teams Happy with These ERP & Financial Integrations  

Autodesk Construction Cloud

As a result, the technology tools available often stifled collaboration between these external stakeholders, who had limited access to key budget and profitability information, which makes it very hard to run a successful business. Additionally, third-party stakeholder collaboration (e.g.,

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Are There Lessons From the Great Recession for the COVID-19 Pandemic?

Pro Builder

Is it profitable? Jeff Benach, co-principal at Lexington Homes, in Chicago, says his team regularly examines financial scenarios to forecast what the numbers could look like if sales declined by 10%, 20%, and so on. In the last quarter of 2019, he looked at his spec home inventory and decided he needed to move some units.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

Let’s take a look: Free Download: 6 Forecasting Best Practices All Construction Teams Need to Know Click Here. No matter how many people are on your team, salaried or unsalaried, you need to gain a complete understanding of how time is being used in order to understand how profitable your clients are. Level Up Your Forecasting Skills.