Construction Business Owner

FEBRUARY 27, 2013

It is always possible to turn a poorly performing company away from bankruptcy. In the construction industry, few individuals know this better than Doug Pruitt, former CEO of Sundt Construction and co-author of “Level Headed: Inside the Walls of One of the Greatest Turnaround Stories of the 21st Century.”

Bankruptcy 153

Bankruptcy Profitability Industrial Construction 153

Construction Marketing

APRIL 25, 2016

Since the economy’s slow improvement, the construction industry has seen growth as well. Raken, a construction reporting app, shares success factors for construction firms in a recent whitepaper. Raken, a construction reporting app, shares success factors for construction firms in a recent whitepaper.

Documentation 120

Documentation Construction Software Software 120

Autodesk Construction Cloud

OCTOBER 28, 2021

Your construction project management skills are constantly put to the test. With a role this demanding that evolves in complexity every year, it’s no wonder that processes that have worked well in the past are now routine headaches that every GC in the industry runs into. Being a general contractor (GC) isn’t easy. Register NOW.

Project Management 52

Project Management Management Documentation Construction 52

Lets Build

MAY 1, 2020

That point expressed by Dr Jan Mischke, Partner at McKinsey Global Institute, was one of the main conclusions of the virtual Town Hall on how the Coronavirus outbreak will shape the future of the construction industry. I for one am left with a sense of optimism for the future of our industry,” said Ulrik Branner after the event.

Industrial 148

Industrial BIM Innovation Construction 148

Construction Marketing Ideas

MARCH 11, 2016

The Advise & Consult blog pulls together content from 23 experts in 15 states on a diversity of construction law issues. This blog, created by a business that provides expert legal witnesses, needs to be written at the level that you would find value if you were a serious lawyer or litigant in a significant construction dispute.

Legal 48

Legal Consulting Subcontracting Industrial 48

Contractor Bookkeeping

NOVEMBER 3, 2012

The problem is high profit jobs have a way of turning into low or no profit jobs and in some cases they can bankrupt your construction company because you bid the project using whatever model you are accustomed to using and in the end you wind up with cash flow problems. Every problem has one answer "Brute Force". The Solution.

Profitability 48

Profitability Bankruptcy Contractors Remodeling 48

Levelset

JULY 5, 2022

Contractors and other businesses in the construction industry can file a mechanics lien if they aren’t paid for their work – even if they weren’t hired directly by the property owner. Credit bureaus can collect public information from state and county courts, including bankruptcies. What is a lien? It depends. Matt Viator.

Lien 96

Lien Legal Bankruptcy Claims 96

Pro Builder

AUGUST 3, 2021

Volumetric Building Companies (VBC) is in the final stages of a $25-million bankruptcy acquisition of Katerra’s former headquarters in Tracy, Calif. Katerra was founded in 2015 as a startup that brought design, manufacturing, and building construction under one roof, initially in a manufacturing facility in Phoenix, Ariz.,

Bankruptcy 98

Bankruptcy Mobility Philadelphia Phoenix 98

Chianelli Estimating

AUGUST 6, 2020

Covid-19 and the Impact on Construction Estimating. Construction is resuming but the effects of COVID-19 has drastically altered the industry’s mode of operations forever. As construction workers make their way back to work whether it’s continuing a project left hanging or starting something new, realities must be faced.

Estimating 60

Estimating Residential Insurance Commercial 60

Contractor Bookkeeping

AUGUST 6, 2014

. #1 Your Profit & Loss and Balance Sheet Reports do not conform to financial industry standards. #2 2 The financials tell the banker your bookkeeper doesn''t understand Construction Accounting. #3 4 You have no access to a construction accountant, not even for quarterly check-ups. #5

Finance 48

Finance Accounting Construction Banking 48

PSMJ Resources

FEBRUARY 26, 2010

As anyone who practices in the AEC industry, or follows this space, will tell you, things have been bleak since fall 2007. The sector index is as follows: Multi-famliy residential (50.1), commercial/industrial (44.9), institutional (43.1), and mixed practice (40.3). Regionally, the ABI breaks down as follows: Midwest 48.0,

Industrial 40

Industrial Memphis AIA Bankruptcy 40

Business Facilities

DECEMBER 7, 2017

There currently are 449 nuclear power plants operating in 30 countries around the world, with 60 new nuke plants under construction in 15 countries. Disputes with regulators and numerous construction problems bedeviled the V.C. to take over daily construction, replacing Fluor Corp. The demise of the V.C.

South Carolina 43

South Carolina Georgia Bankruptcy Commissioning 43

ProcurementExpress.com

NOVEMBER 30, 2016

A huge topic of discussion in the Construction Industry consistently, is the scope of financial risk on a construction project. What can I do besides bankruptcy? More time spent by the architect and a sit down meeting with the building inspector may have caught this error before construction started.

Risk 52

Risk Construction Plans Structural Engineering 52

Constructlaw

DECEMBER 7, 2020

Mealey’s International Arbitration Report recently asked industry experts and leaders for their thoughts on what events had an impact on global economy that have led to an increase in filings. These force majeure issues may still play out in the context of project construction disputes in case of late delivery of ships or offshore vessels.

Claims 40

Claims Insurance Bankruptcy Legal 40

Contractor Bookkeeping

JULY 27, 2012

Over The Past 30+ Years - I have accumulated a variety of terms to describe the construction industry. Aggravation Box - Computer with construction accounting software operated by a trainee. Bad Numbers - Lead to bad decisions / cash shrinks / business unstable / bankruptcy or failure.

Contractors 63

Contractors Cash Flow Construction Accounting 63

Pro Builder

JULY 26, 2021

Builders in Tough Spot as Construction Costs Increase Amid Insatiable Demand. Second, when actual construction lags so far behind sales, predicting material costs in a volatile market is risky business. We can’t simply sit back and let others in the industry work to solve the problem on our behalf. Fix your startup process.

Overhead 105

Overhead Profitability Housing Materials 105

Construction Law Monitor

APRIL 15, 2015

Getting construction bonds is not as scary and difficult as some think. If you are a contractor working on public projects, you’ve most likely heard a lot of myths about construction bonds. Myth #1: Construction Bonds Are Very Costly. Myth #2: No Surety Bonds Are Needed by Large Construction Companies.

Insurance 40

Insurance Bankruptcy Contract Claims 40

ProcurementExpress.com

NOVEMBER 30, 2016

A huge topic of discussion in the Construction Industry consistently, is the scope of financial risk on a construction project. What can I do besides bankruptcy? More time spent by the architect and a sit down meeting with the building inspector may have caught this error before construction started.

Risk 40

Risk Construction Plans Structural Engineering 40

Construction Test

MAY 19, 2020

Many carriers face bankruptcy or nationalisation if the industry can’t get back to normal before a vaccine arrives, Holland-Kaye said, adding that the airport’s shareholders are burning through 200 million pounds a month ($250 million) at present.

Travel 26

Travel Airports Union Bankruptcy 26

Contractor Bookkeeping

FEBRUARY 5, 2014

Tax Season Is Here and this is when most construction contractors think about getting their construction bookkeeping system in order so they can file their annual tax return for the previous year. Each Branch Of Accounting serves a different function similar to how it works in construction. Why Not All Three? Most C.P.A.

Accounting 48

Accounting Construction Profitability Contractors 48

Pro Builder

JANUARY 3, 2022

In a 2018 interview with Pro Builder, Vaughan Buckley, then president of his own construction company in Philadelphia, stated his intent to be at the forefront of what he envisioned as a vastly different construction market by 2030. PB: Do you think post pandemic, the construction supply chain will see more horizontal integration?

Inventory 98

Inventory US Site Products 98

Levelset

SEPTEMBER 16, 2022

Learn more: The most common types of insurance policies in construction. Since most states have a 10-year limit on damages from a construction project, these policies provide coverage for a similar time period. In this article, we’ll explain how completed operations coverage works, and how it protects contractors and subcontractors.

Insurance 52

Insurance Liability Claims Contractors 52

Buisness Facilities Contributed Content

AUGUST 29, 2013

The General Services Administration’s (GSA) Mid-Atlantic Region and the Social Security Administration (SSA) are collaborating to design and construct the SSA’s new National Support Center in Urbana, MD. The existing computer center was constructed in 1979 and the infrastructure systems are approaching the end of their useful lives.

Maryland 53

Maryland Baltimore Electrical Houston 53

Construction Law Monitor

APRIL 15, 2015

page:WordSection1;}. -->Getting construction bonds is not as scary and difficult as some think. If you are a contractor working on public projects, you’ve most likely heard a lot of myths about construction bonds. Myth #1: Construction Bonds Are Very Costly. div.WordSection1. Washington, D.C.’s

Insurance 40

Insurance Bankruptcy Contract Contractors 40

Construction Test

MAY 15, 2020

Airlines will not have to leave seats empty, but passengers flying in the European Union will have to wear masks on planes and in airports under plans to revive the travel industry. The post Coronavirus and airline travel in Europe: No empty plane seats under EU plan appeared first on Construction Test Daily.

Travel 26

Travel Plans Commissioning Transportation 26

Best Practices Construction Law

AUGUST 24, 2012

While I generally limit my guest posts to my fellow law partners, I simply could not resist sharing with you today's post from my friend and construction attorney, Scott Wolfe, Jr. Scott writes the Construction Lien Blog , which analyzes construction lien laws and regulations across the nation. This includes: ?

Lien 48

Lien Claims Debt Florida 48

Levelset

JULY 15, 2022

Industry research shows that the US electrical industry has more than 1 million employees working for 200,000 businesses — and annual revenue exceeding $200 billion. If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court.

Electrical 52

Electrical Cash Flow Accounting Profitability 52

Levelset

JULY 19, 2022

Industry research reveals that the US painting industry includes over 255,000 businesses with total annual revenues exceeding $35 billion. It’s an excellent time to consider starting a painting company, as both the residential and commercial sectors are experiencing a wave of new construction, and that means opportunities for painters.

Cash Flow 52

Cash Flow Accounting Profitability Residential 52

Levelset

JULY 18, 2022

Industry research shows that the US plumbing industry includes over 130,00 businesses (and more than 500,000 employees) with total annual revenues exceeding $130 billion. If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. Create a recognizable brand.

Cash Flow 52

Cash Flow Accounting Profitability Legal 52

Construction Marketing Ideas

JANUARY 20, 2016

And there are shouts and cries from within the industry when procurement officials bundle smaller jobs into bigger ones in the name of efficiency — because this effectively closes the door to qualifications from the smaller players.).

Procurement 48

Procurement Bankruptcy Bidding Spirit 48

Levelset

JULY 22, 2022

Industry research notes that the US roofing industry consists of more than 80,000 businesses employing 250,000 people — and annual industry revenues exceed $50 billion. If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court.

Cash Flow 52

Cash Flow Overhead Accounting Profitability 52

Contractor Bookkeeping

OCTOBER 17, 2014

It is no secret that contractors are in an industry with a lot of cash transactions and sometimes they get busy and forget to deposit the money in the bank and properly account for it inside their contractors bookkeeping services system. They pay exorbitant interest rates for loans and lines of credit, which reduces their take home pay.

IRS 48

IRS Claims Contractors Accounting 48

Business Facilities

AUGUST 1, 2014

The thriving high-tech industry in Austin has made Texas the second-largest semiconductor job market after California, according to the Semiconductor Industry Association. the next five-year phase—will focus on eight industries, including clean technology, data centers and digital media.

Metro 111

Metro Detroit Austin Baltimore 111

Contractor Bookkeeping

AUGUST 20, 2014

It helps if you understand that most Construction Contractors live in a rough and tumble world. We can see there are arrows indicating which personality traits are well matched and which ones are not well matched which brings us to bookkeepers who are trained in regular accounting not construction accounting.

Contractors 48

Contractors Accounting Cash Flow Project Management 48

Construction Lawyer

JULY 20, 2012

Werner Sabo is a partner at the construction law firm of Sabo & Zahn in Chicago. He is a member various professional organizations, has been an officer and director of the Chicago Chapter AIA, President of the Chicago Chapter, Construction Specifications Institute, and writes a regular construction law column for The Construction Specifier.

Illinois 40

Illinois Subcontracting Liability AIA 40

Construction Dive

MAY 26, 2009

UK Law Experts. -- UK Family Law Experts. -- UK Property Law Experts. -- UK Immigration Law Experts. -- Scots Law Experts. -- UK Employment Law Experts. -- UK Bankruptcy Law Experts. -- UK Traffic Law Experts. UK Car Experts. -- UK Ford Experts. -- UK Nissan Experts.

Bankruptcy 72

Bankruptcy Software Software Equipment 72

Pro Builder

OCTOBER 3, 2020

Shortly after, I read another piece on bankruptcies in home building, and soon I was thinking of the more than 250 builders I’ve worked with over more than three decades and wondering: Does this “ Anna Karenina Principle ” about families also apply to home building? This is a common characteristic of the best home builders.

Profitability 96

Profitability Finance Schedule Products 96