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

OCTOBER 26, 2011

I know a lot of contractors are getting into bidding season, and this got me thinking about communication. Rarely does a finished project exactly mirror the original plans. If you’re a general contractor, you may send out an invitation to bid via email, fax, online notifications, etc. construction management. Management.

Construction 159

Construction Software Software Bidding 159

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

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. Document management. Click To Tweet. Estimation tool.

Procurement 63

Procurement Plans Construction Budgeting 63

Construction Business Owner

APRIL 26, 2012

Legal language is often unclear, resulting in differences in interpretations that can disrupt and delay projects, increasing costs. Also make sure your project managers understand the contract language fully. The profit you calculate when bidding a job can fluctuate dramatically as work progresses. document management.

Change Orders 120

Change Orders Construction Profitability Software 120

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. Document management. ” username=””]. Estimation tool.

Procurement 52

Procurement Plans Construction Budgeting 52

Construction Business Owner

JANUARY 5, 2012

I started thinking about how business owners can better manage their companies, and so I created my own short list of New Year’s resolutions for better construction management. 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.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

DECEMBER 9, 2011

Some project managers tend to think of safety in the workplace as one of those things that we do “when we get a chance.” In fact, project managers should worry about implementing more safe practices because it can affect the way they bid on jobs. Committing Intentional Project Communications. Management.

Construction 136

Construction Insurance Software Software 136

Cassell Construction Estimating

JUNE 4, 2009

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’re hearing from several customers who’d fallen behind on their housekeeping, too busy last year with all hands on deck just to run their projects.

Montana 100

Montana Hawaii Bidding Cash Flow 100

Construction Business Owner

NOVEMBER 3, 2011

Gregg is a consultant with FMI and specializes in the areas of productivity and project management. 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. Committing Intentional Project Communications. Management.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

JANUARY 12, 2012

The Expensive Process of Bidding » Save Time, Resources – File Electronically. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. construction management software. document management. Management. February 2009.

Construction 136

Construction Software Software Accounting 136

Construction Business Owner

APRIL 2, 2011

For those of you contractors doing government work: relish the competition involved with bidding. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. construction management software. document management. Management.

Construction 159

Construction Software Software Accounting 159

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

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 Junkie

JULY 8, 2020

On the show, Booth discusses a variety of different construction topics, such as pre-bid contracts, general conditions reviews, tracking and monitoring project issues, and improving cash flow. The long running podcast, hosted by Tony Booth, is published 5 days a week and most are around 20 minutes long.

Construction 121

Construction Lien Zoning Industrial 121

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

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. Project Communication. Committing Intentional Project Communications. Better Project Management through Better Communication.

Construction 120

Construction Software Software Documentation 120

Construction Business Owner

JANUARY 13, 2012

« The Expensive Process of Bidding. ” The owner of our company conducts quarterly meetings with the entire Cahaba Media staff where he and each of the managers have an opportunity to give everyone in the company an update on each area of the business. Committing Intentional Project Communications. Management.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

APRIL 12, 2012

Good document management software will be able to keep those certifications on file. A prequalification program that tracks vendors certification, will also help you when it’s time to start bidding on projects. Committing Intentional Project Communications. Better Project Management through Better Communication.

Construction 120

Construction Certification Green 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. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. construction management software.

Construction 136

Construction Software Software Equipment 136

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). Good project managers will always know where these project metrics are because they are indicative of the immediate health of the project. Good planning matters!!

Estimating 40

Estimating Cash Flow Budgeting Budget 40

Construction Junkie

MAY 20, 2020

On the show, Booth discusses a variety of different construction topics, such as pre-bid contracts, general conditions reviews, tracking and monitoring project issues, and improving cash flow. The long running podcast, hosted by Tony Booth, is published 5 days a week and most are around 20 minutes long.

Lien 116

Lien Construction Zoning Industrial 116

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. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. construction management software. document management.

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. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. construction management software. document management.

Construction 120

Construction Software Software Accounting 120

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. Our Co-Founder Randal DeHart - Is a Certified PMP (Project Management Professional) with several years of construction project management experience.

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. Our Co-Founder Randal DeHart - Is a Certified PMP (Project Management Professional) with several years of construction project management experience.

Contractors 48

Contractors Accounting Hawaii Profitability 48

Construction Cost Estimating

APRIL 25, 2019

Sage facilitates you to produce bids rapidly, precisely and positively with takeoff and cost databases. As soon as the project is procured, estimate details flow automatically into Sage business management software, removing unnecessary tasks and data entry errors. Besides, customized reports can also be generated.

Bidding 40

Bidding Estimating Software Software 40

ProcurementExpress.com

NOVEMBER 30, 2016

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. The project is almost completed and just figured that out. Improper planning.

Risk 52

Risk Construction Plans Structural Engineering 52

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

Autodesk Construction Cloud

DECEMBER 12, 2021

For example, instead of simply viewing financial performance based on past and current projects, CFMA suggests measuring bid development and setting expectations based on actions such as: (1) pending bids; (2) scheduling and completion of business development meetings; and (3) active proposals.

Profitability 52

Profitability Products CFMA Construction 52

ProcurementExpress.com

NOVEMBER 30, 2016

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. The project is almost completed and just figured that out. Improper planning.

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. Visit [link] to learn more.

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

Autodesk Construction Cloud

NOVEMBER 8, 2022

It also helps to adopt solutions that make it easy to amend costs and bids. In a rapidly changing environment, having updated info is critical for putting together accurate budgets, quotes, and bids. . This, in turn, frees up cash flow and paves the way for a healthier bottom line. . Choose the right partners .

Management 98

Management Construction BIM Materials 98

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

Autodesk Construction Cloud

SEPTEMBER 1, 2022

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. The contractor will deliver a total price for the project rather than bidding on the deliverables. Design-Build Contract.

Contract 98

Contract Maine Construction Agreement 98