Remove Bidding Remove Foundation Remove Office Remove Profitability
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The Secret Sauce to Protecting Construction Profits  

Autodesk Construction Cloud

By taking proactive steps and adopting the right tools, you can mitigate and safeguard your firm’s profits. ” Clearly, technology can enormously influence your projects’ productivity and profitability. Little to no project or business predictability Most construction projects are like a unique snowflake.

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Unique Bookkeeper Errors Reduce Contractor Profits

Contractor Bookkeeping

The banker said his Profit & Loss, Balance Sheet did not look right to him. 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. QuickBooks Job Profitability Reports. He had to rely on his gut feeling.

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Construction Business Owner Blogs

Construction Business Owner

Now that the holidays are over and all of the massive amounts of breads, cookies, candies, and pies have suddenly disappeared (at least they have from my office) it’s time to make those New Year’s resolutions. Evaluate Bidding Strategy. There are fewer projects to bid and what projects are available are being bid by more people.

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Contractors Job Costing Library The Key To Increased Profits

Contractor Bookkeeping

Every contractor has a Job Costing Library, some keep it in their head, some keep it on paper with names like completed jobs, bids, estimates. The archeologist struck a bargain with the contractors that if they would work together and deliver the Treasure Box to his office in New York City they would be rewarded handsomely.

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Drive Profitability With a Construction-Specific ERP

For specialty contractors, using a construction software platform helps to lay the technological foundation required to support future growth and improved financial performance.

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Construction Business Owner Blogs

Construction Business Owner

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. Connect the Field to the Office. foundation. foundation software.

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Construction Business Owner Blogs

Construction Business Owner

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. Change orders can be harder to manage – and present more of a profitability challenge – than pre-planned project work. Yes, change orders are nearly inevitable. How do you handle your change order requests?