ProcurementExpress.com

FEBRUARY 11, 2019

Construction teams face unique procurement challenges due to the complex nature of the business. It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. With that in mind, construction companies need to invest in a few things.

Procurement 52

Procurement Plans Construction Budgeting 52

Autodesk Construction Cloud

DECEMBER 12, 2021

Why Construction Teams Should Be Tracking Way More Than Financials. In fact, 43% of construction firms prioritize immediate financial goals over organizational resilience. Below, let’s discuss the importance of construction KPIs and critical metrics your company should be measuring to affect profits and productivity.

Profitability 52

Profitability Products CFMA Construction 52

Construction Business Owner

FEBRUARY 2, 2012

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. The Issues around Construction Issue Building » Leadership – Up and Down Was Easy, Now the Tough Part …. Is There No Free Lunch or Construction Software? INSURANCE |. EQUIPMENT |.

Construction 120

Construction Software Software Accounting 120

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. Assets of Company - Cash / Receivables – Payables / Trucks / Tools / Equipment / Material.

Contractors 63

Contractors Cash Flow Construction Accounting 63

Cassell Construction Estimating

JUNE 4, 2009

We at Cassell Consulting are having a decent year. The trends of the last quarter are continuing – decreasing profit margins, more bidders on every job, and at times companies bidding what appears to be downright foolishly. We’ve been doing some project management consulting on a residential project in Hawaii.

Montana 100

Montana Hawaii Bidding Cash Flow 100

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 to do when you can’t afford a QS and you heedlessly bid less than a project ends up costing you? Do you know if any of your projects are at risk? An inexperienced project team. Improper planning.

Risk 52

Risk Construction Plans Structural Engineering 52

Contractor Bookkeeping

JUNE 19, 2013

We are happy to be able to offer free Invoice templates, free Change Order templates and free estimate templates to construction contractors and other business owners to help them grow their sales and profits and have better lives for their families. We have been Construction Accountants a long, long time and around construction even longer.

Profitability 48

Profitability Cash Flow Accounting Construction 48

Contractor Bookkeeping

JULY 30, 2014

This includes a custom estimate sheet on Excel that they use to bid each job. The Seasoned Builder has processes in place for Bidding, tracking Certificate of Insurance , W9’s and making sure that a Specialty Contractor is paid only once for the work that is performed. Our niche is Construction Accounting from the Builder (Spec.

Accounting 49

Accounting Housing Construction Contractors 49

Contractor Bookkeeping

NOVEMBER 18, 2013

These forms are not perfect and not the best for all construction contractors. A lot of our contractor clients have needed an Accident Prevention Program to include with their bid submittal package and some of them have found this resource useful. They are all from the Washington State Department of Labor & Industries website.

Accidents 48

Accidents Accounting Construction Profitability 48

Rory Woolsey

FEBRUARY 28, 2012

Rory Woolseys Construction Estimating Blog. Construction Estimating One Bite at a Time. Welcome to the world of construction; stuff happens! With construction nothing is ever really under “perfect control” but with the right systems in place you can get close. Tuesday, February 28, 2012. Knowing what?

Estimating 40

Estimating Cash Flow Budgeting Budget 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 to do when you can’t afford a QS and you heedlessly bid less than a project ends up costing you? Do you know if any of your projects are at risk? An inexperienced project team. Improper planning.

Risk 40

Risk Construction Plans Structural Engineering 40

Contractor Bookkeeping

JANUARY 2, 2015

We Are QuickBooks Experts Specializing In Construction. Did You Quit Your Job - And start your own construction company only to discover you need a contractor’s license and bond. Did You Ask A Friend Or Relative - To loan you some start-up capital and they agreed on condition you become equal partners in your construction company.

Construction 48

Construction Insurance Accounting Claims 48

Contractor Bookkeeping

JUNE 20, 2014

Let Us Help Reduce Construction Business Start Up Stress. We Are QuickBooks Experts Specializing In Construction Bookkeeping Services. You Quit Your Job - And started a construction business only to discover you need a contractor’s license and bond. Consult with a construction attorney and follow their advice.

Insurance 48

Insurance Construction Accounting Claims 48

Contractor Bookkeeping

OCTOBER 18, 2013

Are you getting resumes and applications from bookkeepers who worked for a construction company that went bankrupt and now they are so desperate for a job so they offer to work for minimum wage or less! If The Bookkeeper Has No Skill In Construction Accounting. No Construction Bookkeeping Services System Means Chaos Rules!

Contractors 48

Contractors Bankruptcy Cash Flow Accounting 48

Contractor Bookkeeping

AUGUST 25, 2014

Having Lived Through Several, Recessions Beginning In The Mid 1960''s I Sincerely Understand And Empathize With The Challenges That All Construction Owners, Workers And Support Staff Have Faced For The Past Several Years. There is natural ebb and flow in the business cycle, which in normal times operates, somewhat predictable.

Contractors 48

Contractors Accounting Profitability Hawaii 48

PSMJ Resources

JULY 10, 2013

To improve cash flow, ask the client to pay twice a month in accordance with a predetermined payment schedule. Agree to split savings on underbid construction amounts. Ask that clients make payments directly to consultants instead of through the prime professional. Shorten the billing/payment cycle.

Profitability 43

Profitability Contract Negotiation Debt 43

Contractor Bookkeeping

AUGUST 11, 2014

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. It was obvious to us QuickBooks Setup was done by someone with very little if any experience in accounting let alone construction accounting.

Profitability 48

Profitability Contractors Accounting Income 48

Construction Marketing Ideas

JULY 16, 2015

For instance, a CFO gets paid to ensure the company manages cash flow wisely and never runs out of money. These are the concepts that spark their imagination and get their juices flowing. Goals are the set of objectives the client absolutely must achieve. For clients who serve businesses, goals are the substance of their job.

Budgeting 48

Budgeting Budget Cash Flow Deals 48

Contractor Bookkeeping

JUNE 15, 2012

Let Us Help Reduce Construction Business Start Up Stress. You Quit Your Job - And started a construction business only to discover you need a contractor’s license and bond. Spending Time To Set Up - Your construction company properly will save you grief, time, money and pay you dividends in the future.

Contractors 48

Contractors Insurance Claims Lien 48

Autodesk Construction Cloud

DECEMBER 2, 2021

Your ultimate guide to construction cost management, and how to improve it. This can affect everything from the bidding process to change order management, your team’s efficiency, and ultimately, your bottom line. In 2015, KPMG estimated only 31% of construction projects came within 10% of their budgets.

Management 52

Management Change Orders Construction Budgeting 52

Autodesk Construction Cloud

JANUARY 31, 2022

Anonymous Vote Sign in with WordPress Sign in with Facebook Sign in with Google What construction trends are you the most excited about? We asked recognized leaders, technologists, and industry strategists from across the globe to share their top trends and predictions for future-proofing a construction business in 2022 and beyond.

Construction 97

Construction Autodesk BIM Modeling 97

Building Information Management

MARCH 19, 2013

Facility / Infrastructure Life Cycle Cost: Costs associated with designing, acquiring, constructing, adapting, maintaining, repairing, and operating a built structure. The latter is a process involving the construction and management of physical and functional conditions of a built structure over time. Abdul Lateef A, Olanrewaju.

Life Cycle 53

Life Cycle Management BIM Engineering 53

Autodesk Construction Cloud

JANUARY 11, 2024

The construction sector is no exception. According to Deloitte , AI and advanced data analytics technology could bring cost savings of 10% to 15% for construction projects. The impact of artificial intelligence is incredibly profound, which is why AI in the construction market is expected to be worth $151.1 billion by 2032.

Construction 137

Construction Industrial Modeling Autodesk 137