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. foundation. foundation software. It’s tough out there. Stay Connected.

Construction 120

Construction Bidding Software Software 120

Construction Business Owner

APRIL 26, 2012

Meet with them before every project to discuss not only the contractual provisions for scope of work and change orders, but also what you bid and why. The profit you calculate when bidding a job can fluctuate dramatically as work progresses. foundation. foundation software. Stay on Top of Changes. Add new tag.

Change Orders 120

Change Orders Construction Profitability Software 120

Construction Business Owner

JANUARY 5, 2012

It’s often easy to bid on a job, start work, and miscalculate how far along in the project you are versus the amount of money you’ve spent. This year, I encourage you to close the gap between your bids, your projections, and the actual cost of the project. foundation. foundation software. Close the Budget vs. Actual Gap.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

APRIL 2, 2011

For those of you contractors doing government work: relish the competition involved with bidding. foundation. foundation software. Tags: accounting software , business , competition , construction , foundation , fred ode. Show them what you’re made of, how resourceful you are and that you’re the company for the job.

Construction 159

Construction Software Software Accounting 159

Construction Business Owner

JANUARY 12, 2012

The Expensive Process of Bidding » Save Time, Resources – File Electronically. foundation. foundation software. Construction Business Owner E-Newsletter. -->. Home » Blogs. « Simplified Decision Making – Getting People and Processes In Order. Add new tag. business development. change orders. cloud computing.

Construction 136

Construction Software Software Accounting 136

Construction Business Owner

NOVEMBER 3, 2011

In addition to providing critical insight to a bid, tender or proposal, the theoretical “buy-in” to the process from the field manager is invaluable. foundation. foundation software. With backlogs down and work less plentiful, field supervision has come into the office and become an integral part of the estimating process.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

DECEMBER 9, 2011

In fact, project managers should worry about implementing more safe practices because it can affect the way they bid on jobs. Lower insurance costs mean project managers can submit more competitive bids on a job because they are no longer worried about higher employee costs-a win-win all around! foundation. foundation software.

Construction 136

Construction Insurance Software Software 136

Construction Business Owner

JANUARY 26, 2012

Venture helps you manage your contacts using construction specific criteria, invite potential partners to bid on work, and even prequalify subcontractors, so you create the best team for the job. foundation. foundation software. From start to finish, it takes a team working together to complete a job. Project Communication.

Construction 120

Construction Software Software Documentation 120

Construction Business Owner

JANUARY 13, 2012

« The Expensive Process of Bidding. foundation. foundation software. About Us Contact Us Advertise Press Releases Upload Artwork Via FTP -->. Free Subscriptions. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Home » Blogs. Add new tag. business development. change orders.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

APRIL 12, 2012

A prequalification program that tracks vendors certification, will also help you when it’s time to start bidding on projects. foundation. foundation software. Good document management software will be able to keep those certifications on file. Add new tag. business development. change orders. cloud computing. communication.

Construction 120

Construction Certification Green Software 120

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. foundation. foundation software. Tags: bidding , business development , change orders , construction , construction management , Dexter + Chaney , John Chaney. Are they a dinghy or a yacht?

Change Orders 120

Change Orders Construction Software Software 120

Levelset

JULY 18, 2022

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. What kinds of jobs are they bidding on? Keep the cash flowing through your financial pipes. Here’s a little-known fact about growing a plumbing business: It can be incredibly cash-hungry.

Cash Flow 52

Cash Flow Accounting Profitability Legal 52

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. foundation. foundation software. Add new tag. business development. change orders. cloud computing. communication. construction. Construction Accounting Software.

Construction 136

Construction Software Software Equipment 136

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. Residential Remodel Contractor Building A Home.

Profitability 48

Profitability Bankruptcy Contractors Remodeling 48

Construction Business Owner

FEBRUARY 2, 2012

leadership decisions were relatively easy – who to hire, where to grow, which jobs to bid and how much margin to put on them. foundation. foundation software. Jim is a senior consultant with FMI and specializes in building profits by developing tailored operations strategies for his clients. Add new tag. business development.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

APRIL 4, 2011

– will ultimately determine if you are on the bid list or in the negotiating room for the next project. foundation. foundation software. As the general contractor we will have ultimate responsibility for the construction quality and fit and finish of the facility. Add new tag. business development. change orders.

Construction 120

Construction Software Software Accounting 120

Rory Woolsey

FEBRUARY 28, 2012

Knowing where the key project metrics such as time , costs, resources , and cash flow are relative to a datum (the project plan). A poor plan for time, costs, resources and cash flow is sometimes worse than no plan. Scope is the foundation to every other phase of construction estimating. Knowing what? Enough said!

Estimating 40

Estimating Cash Flow Budgeting Budget 40

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.

Contractors 48

Contractors Bankruptcy Cash Flow Accounting 48

Contractor Bookkeeping

NOVEMBER 18, 2013

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. And we go over and over how the foundation of a successful construction company is good solid financial reports. We hope you do too! Follow Randal on Google+.'

Accidents 48

Accidents Accounting Construction Profitability 48

Contractor Bookkeeping

AUGUST 25, 2014

Many commercial property owners have been putting off sealing parking lots, painting, renovating and other general maintenance projects due to the lack of cash flow. Shewhart, James Lewis and dozens of others was the foundation upon which our Construction Bookkeeping System is based and continues to evolve and improve.

Contractors 48

Contractors Accounting Hawaii Profitability 48

ProcurementExpress.com

NOVEMBER 30, 2016

What to do when you can’t afford a QS and you heedlessly bid less than a project ends up costing you? A proven way to find good contractors to add to your bid list, is to ask design consultants to refer contractors with whom they have worked with on successful projects. The project is almost completed and just figured that out.

Risk 52

Risk Construction Plans Structural Engineering 52

Autodesk Construction Cloud

JANUARY 6, 2022

The large majority of contracts, especially if teams are working from traditional delivery methods like the design-bid-build method, define how to work on individual segments of the job, but don’t showcase how it all ties together. Trust is the foundation of good collaboration. Evaluate Your Project Delivery Methods.

Construction 52

Construction Estimating Design Budgeting 52

ProcurementExpress.com

NOVEMBER 30, 2016

What to do when you can’t afford a QS and you heedlessly bid less than a project ends up costing you? A proven way to find good contractors to add to your bid list, is to ask design consultants to refer contractors with whom they have worked with on successful projects. The project is almost completed and just figured that out.

Risk 40

Risk Construction Plans Structural Engineering 40

Contractor Bookkeeping

AUGUST 11, 2014

The ripple effect, like throwing a stone in a pool of water impacts the area around it, caused massive cash-flow headaches. Also any jobs that are Fixed Bid that appear in the "Billing Status" will need to be opened and fixed otherwise this report will become cluttered and useless. 3 Refreeze - Close the portals of your mind.

Profitability 48

Profitability Contractors Accounting Income 48

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. You bid on a project and you are the low bidder. 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. You bid on a project and you are the low bidder. Get cash coming in early and often.

Construction 48

Construction Insurance Accounting Claims 48

Levelset

JUNE 10, 2022

For example, a single-family home’s foundation may have 200 tons of concrete, but a skyscraper could contain 200,000 tons of concrete or more throughout its structure. Payment and cash flow. Payment and cash flow tend to function very differently on residential and commercial projects. Timeline and scope.

Residential 52

Residential Commercial Cash Flow Construction 52

Autodesk Construction Cloud

JANUARY 31, 2022

The resilience required to tackle the challenges of 2021 has become a solid foundation for building in 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. infrastructure.” infrastructure.

Construction 97

Construction Autodesk BIM Modeling 97

Autodesk Construction Cloud

JANUARY 11, 2024

As construction teams set the sequence relationships on 3D models and AI tools are used to create various schedule simulations for delivering projects and teams also generate 5D models by adding cash flow information to these models. This will be a multi-year journey but in 2024 we will see accelerated innovation.

Construction 137

Construction Industrial Modeling Autodesk 137