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The Rise of Business Intelligence in Construction

Viewpoint Construction Technology

Business intelligence software allows a firm to control costs by better managing and anticipating labor, inventory, project costs and more in every process from bidding to building. This lets contractors smartly chase and bid for the right projects that provide the best potential for successful bottom lines.

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Types of Capital for Construction Businesses

Levelset

The term capital is used across industries to represent all of a company’s financial assets, including cash, inventory, equipment, and more. That’s because other forms of capital — like labor or equipment — can’t generate value if you don’t have enough cash to take on new jobs, acquire materials, or cover overhead.

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The Unique Challenges of Procurement Planning for Construction Companies

ProcurementExpress.com

Juggling Vendors, Subcontractors, and Large Inventories. What are the overhead costs? Bidding and Research Stage. Request for bids. Receive bids. The management team should develop a plan for evaluating suppliers, as compared to the terms laid out in the initial bid. Estimation tool. Document management.

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The Unique Challenges of Procurement Planning for Construction Companies

ProcurementExpress.com

Juggling Vendors, Subcontractors, and Large Inventories. What are the overhead costs? Bidding and Research Stage. Request for bids. Receive bids. The management team should develop a plan for evaluating suppliers, as compared to the terms laid out in the initial bid. Estimation tool. Document management.

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10 Essential Types of Construction Documents

Autodesk Construction Cloud

Construction documents have several purposes, including covering daily information, keeping track of a project and documenting changes, inventory tracking, permit applications, and others. Some common kinds of construction documents include: Bidding documents. Overhead costs. Architectural drawings. Work orders. Contingencies.

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QuickBooks Online Converted To QuickBooks Contractors Desktop Online

Contractor Bookkeeping

No Inventory Reporting. Expenses - Overhead required to maintain business operations. Expenses - Overhead is extremely complex because some expenses in regular Accounting are actually Cost of Goods Sold in construction accounting. In this case some overhead costs were classified as direct costs and assigned to the job.

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FAQ's About Outsourced Contractors Bookkeeping Services

Contractor Bookkeeping

If you are a remodel contractor your core competencies revolve around bidding, proposing, closing deals, getting a deposit, scheduling the work, hiring construction workers and qualified sub-contractors, getting the work done and collecting the balance of your money. Any Combination With An Inventory Of Rental Properties.

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