Remove Bankruptcy Remove Bidding Remove Management Remove Profitability
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How High Profit Jobs Send Contractors Into Bankruptcy

Contractor Bookkeeping

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. The Solution.

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Transforming Construction Payments: Autodesk's Strategic Move with Payapps Acquisition 

Autodesk Construction Cloud

Paired with razor-thin profit margins, it’s increasingly difficult for construction firms to build and maintain the financial foundation necessary to compete and thrive in the industry. Faster payment cycles are essential for GCs and subcontractors alike to stay profitable in today’s fast-paced and evolving economic environment.

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Airlines and coronavirus: The suprising airline magnate considering a bid for Virgin Australia

Construction Test

.” Rahul Bhatia, the biggest shareholder in India’s biggest carrier, InterGlobe, is evaluating data and considering a bid for Virgin Australia, a person familiar with the matter told Anurag Kotoky and Angus Whitley of Bloomberg News. Rahul Bhatia, Managing Director of InterGlobe Enterprises. Photo: Getty Images.

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Construction Change Order Phobia Increases Stress Reduces Profits

Contractor Bookkeeping

Several Years Ago - A prospect and his office manager / bad bookkeeper / wealth prevention tool came to our office. Oddly Enough - The office manager / bad bookkeeper / wealth prevention tool was not the least bit concerned about anything.

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Latest Trend, Bookkeeper Works For Contractor That Goes Bankrupt

Contractor Bookkeeping

No construction company goes bankrupt that had useful accurate Financial Statements and Job Costing Reports that they understood and paid attention to because they would have seen bankruptcy coming well enough ahead of time to avoid it. And Job Costing Bankruptcy Is A Matter Of Time!

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Job Costing Accounting Vs. Regular Accounting

Contractor Bookkeeping

Job costing reports are the key to unlocking the mystery of which markets to serve, which jobs to bid, how much they need to cover the direct and indirect costs and which ones to walk away from. Construction accountants think holistically because Job Costing Reports are not the same as Profit and Loss reports.

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Serious And Funny Construction Definitions Contractors Enjoy Reading

Contractor Bookkeeping

Bad Numbers - Lead to bad decisions / cash shrinks / business unstable / bankruptcy or failure. Bankruptcy - Result of saving money on bookkeeping and making decisions on garbage reports. Bid - A wild guess carried out to two decimal places. Bid Collector - Customer looking for cheap contractor.