Rory Woolsey

FEBRUARY 28, 2012

Rory Woolseys Construction Estimating Blog. Construction Estimating One Bite at a Time. I heard the Critical Path Method (CPM) defined once as a management technique for losing your shirt under perfect control! A poor plan for time, costs, resources and cash flow is sometimes worse than no plan.

Estimating 40

Estimating Cash Flow Budgeting Budget 40

ProcurementExpress.com

FEBRUARY 11, 2019

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. You’re dealing with subcontractors, labor shortages, sourcing, and multiple projects on multiple deadlines. Project Management. Estimation tool. Document management. Calendars and scheduling.

Procurement 52

Procurement Plans Construction Budgeting 52

Autodesk Construction Cloud

JANUARY 19, 2022

Cash flow can make or break any business, especially in the construction industry. To successfully grow, construction firms need to effectively manage cash flow to procure materials, pay vendors and salaries, fund new projects, and finance other day-to-day business operations. Properly manage change orders.

Cash Flow 59

Cash Flow Management Profitability Change Orders 59

Construction Business Owner

JANUARY 5, 2012

Evaluate Bidding Strategy. There are fewer projects to bid and what projects are available are being bid by more people. Consequently, the bidding climate is very competitive with some work going to people bidding below cost. Project Team Communication & Effectiveness. It’s tough out there.

Construction 120

Construction Bidding Software Software 120

Construction Business Owner

NOVEMBER 3, 2011

Being the Best » The New Estimating Tool – Superintendents. Gregg is a consultant with FMI and specializes in the areas of productivity and project management. Estimating departments have added a new tool to their repertoire – superintendent and foremen input. Committing Intentional Project Communications.

Construction 120

Construction Software Software Accounting 120

Cassell Construction Estimating

JUNE 4, 2009

All our clientele have invested in Timberline, US Cost, Win Estimator, Primavera, OnCenter, Dexter & Chaney, and in some cases more than one of the above. 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.

Montana 100

Montana Hawaii Bidding Cash Flow 100

Construction Business Owner

OCTOBER 14, 2011

But I have been surprised at the number of contractors who tell me that they have bid for jobs at break-even or at a loss. ” Every construction project is a gamble – you’re betting that your estimate is accurate, that labor and material prices don’t go through the roof, etc. Committing Intentional Project Communications.

Change Orders 120

Change Orders Construction Software Software 120

Construction Business Owner

NOVEMBER 17, 2011

With the number of companies bidding on each job increasing and the margins getting smaller, it is imperative that you know the true health of you fleet. This in turn lets the estimators use equipment rates that are spot on when estimating forthcoming work, which helps to get new work, and bring that work in profitably.

Construction 136

Construction Software Software Equipment 136

Contractor Bookkeeping

JULY 27, 2012

Assets of Company - Cash / Receivables – Payables / Trucks / Tools / Equipment / Material. Assets of Firm - Cash / Business Process / Sales Process / Client List / Predictable Cash Flow. BCG Matrix - Graphical representation of Cash Cows / Rising Stars / Question Marks / Dogs.

Contractors 63

Contractors Cash Flow Construction Accounting 63

Contractor Bookkeeping

OCTOBER 18, 2013

If your bookkeeper is an employee and they have no equity interest in your company they do not have the same concern about your construction company''s cash flow and bottom line profit that you do because when it fails they can blame you for "Not knowing how to run a business" and go wreak havoc elsewhere. Visit [link] to learn more.

Contractors 48

Contractors Bankruptcy Cash Flow Accounting 48

Construction Business Owner

APRIL 12, 2012

And, just last week, the United States Green Building Council published a report that estimates from 2009-2013 the green building industry will support 8 million jobs throughout the economy. Good document management software will be able to keep those certifications on file. Committing Intentional Project Communications.

Construction 120

Construction Certification Green Software 120

Autodesk Construction Cloud

JANUARY 6, 2022

Team members are frequently more interested in meeting short-term individual goals, rather than the project’s long-term end goal. Moreover, “Progress is hampered by poor coordination between trades, incomplete drawings and specifications, and underfunding by the owner that slows cash flow and causes further conflict and delay.

Construction 52

Construction Estimating Design Budgeting 52

Construction Business Owner

APRIL 4, 2011

It is up to us, the contractor, to shape the message effectively and communicate to the client what the building will cost, an estimated time line to completion and any inherent issues that need to be addressed as early in the project as possible. Committing Intentional Project Communications. construction management.

Construction 120

Construction Software Software Accounting 120

ProcurementExpress.com

NOVEMBER 30, 2016

Underbid projects. For many project-based CFO’s, having the ability to estimate what a project will cost is a necessary skill to have, but a difficult one to master. While some projects are prepared or settled in advance others can be harder to calculate. An inexperienced project team. Improper planning.

Risk 52

Risk Construction Plans Structural Engineering 52

ProcurementExpress.com

NOVEMBER 30, 2016

Underbid projects. For many project-based CFO’s, having the ability to estimate what a project will cost is a necessary skill to have, but a difficult one to master. While some projects are prepared or settled in advance others can be harder to calculate. An inexperienced project team. Improper planning.

Risk 40

Risk Construction Plans Structural Engineering 40

Contractor Bookkeeping

JUNE 20, 2014

It provides the baseline and milestones for your business and lets you make decisions in advance in the calm environment of your office instead of "on the fly" while driving, talking on your cell, eating lunch, and putting together a bid. Estimating Process - There is no one right answer. Get cash coming in early and often.

Insurance 48

Insurance Construction Accounting Claims 48

Contractor Bookkeeping

JANUARY 2, 2015

It provides the baseline and milestones for your business and lets you make decisions in advance in the calm environment of your office instead of "on the fly" while driving, talking on your cell, eating lunch, and putting together a bid. Estimating Process - There is no one right answer. It is a must have to borrow money from a bank.

Construction 48

Construction Insurance Accounting Claims 48

Autodesk Construction Cloud

SEPTEMBER 1, 2022

These types of contracts are especially useful when you don’t have enough information to provide a thorough estimate of work or the scope is not well-defined. Traditionally, owners receive completed designs before taking in construction bids. Because there’s no competitive bidding phase, the final costs may be higher for the owner.

Contract 98

Contract Maine Construction Agreement 98

Autodesk Construction Cloud

DECEMBER 2, 2021

One of the most important efficiencies you can create to best position yourself for good project outcomes is fine-tuning your cost management process. This can affect everything from the bidding process to change order management, your team’s efficiency, and ultimately, your bottom line.

Management 52

Management Change Orders Construction Budgeting 52

Autodesk Construction Cloud

JUNE 10, 2022

Since there are so many teams involved in this stage, the problem is rampant in many projects. Whether it’s bidding, estimation, or qualifying subcontractors, there are a few too many cooks in the kitchen. This will reduce risk and improve efficiencies during project planning and execution. Submittals.

Construction 52

Construction Management BIM Project Management 52

ProcurementExpress.com

APRIL 15, 2019

The benefit, as stated in the report is that players can match supply to demand and even enhance competitive bidding. If teams can purchase partially constructed components in advance, they could complete projects in less time. Another area that’s gaining more traction is prefabrication. 3D Printing and Procurement. Wrapping Up.

Procurement 52

Procurement Construction BIM Modeling 52

ProcurementExpress.com

APRIL 15, 2019

The benefit, as stated in the report is that players can match supply to demand and even enhance competitive bidding. If teams can purchase partially constructed components in advance, they could complete projects in less time. Another area that’s gaining more traction is prefabrication. 3D Printing and Procurement. Wrapping Up.

Procurement 40

Procurement Construction BIM Modeling 40

Autodesk Construction Cloud

JANUARY 31, 2022

AEC firms should be ready to position themselves as leaders in using technology to meet the legislation’s goals when bidding for projects that will define the next generation of U.S. ” – Alex Turner , Group BIM Manager at Oktra. Ann Blanchard, Senior Client Project Manager, Arcadis. infrastructure.”

Construction 97

Construction Autodesk BIM Modeling 97

Autodesk Construction Cloud

JANUARY 11, 2024

According to Deloitte , AI and advanced data analytics technology could bring cost savings of 10% to 15% for construction projects. AI applications may include advanced project management tools, predictive analytics for risk assessment, and optimization of construction processes. billion by 2032. We live in interesting times."

Construction 137

Construction Industrial Modeling Autodesk 137