Remove Books Remove Liability Remove Profitability Remove Project Management
article thumbnail

Construction quality management: Everything you need to know

Lets Build

What is construction quality management? Construction quality management is broadly similar to project management. That gives your firm the fiscal strength and confidence to pitch positively for future work, without overruns or remediation eating into profit margins at this time of unexpectedly high inflation.

article thumbnail

Service Agreements Can Improve Contractors Cash Flow And Profits

Contractor Bookkeeping

The Balance Sheet is the summary report which shows all of the assets minus the liabilities which equals the "Book Value" or owner''s equity. Owner’s equity is in theory what would be left over if you liquidated the company, sold the assets and paid all of the debts or liabilities. Visit [link] to learn more.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Healthy Competition » Free Webinar on Reducing Profit Fade. One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs.

Cash Flow 120
article thumbnail

Closing the Gap Between Buyers and Builders

Pro Builder

For years, we as builders have been trained by industry consultants to think like manufacturers, create a process, and stick to it if we want to be profitable. Personnel: Salaries + indirect employee cost + bonuses + office space + personnel managers. Third-party contractors: Research + design + renderings + plan stamp/liability.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

I think it is important that business owners never stop learning, so I read a lot of books to further my education on how to make my business the best it can be. Committing Intentional Project Communications. Public Exposure and Liability on Construction Sites. Better Project Management through Better Communication.

article thumbnail

Job Order Contracting Glossary

Building Information Management

that is bid by job order contractor and use to multiply against a job order estimate for a job order contract as developed using the unit price book. Most established unit price books have a local city cost index and/or localization factor. . “Coefficient” – A factor, typically between 0.80

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

One of my favorite books is Good to Great by Jim Collins. Committing Intentional Project Communications. Public Exposure and Liability on Construction Sites. Better Project Management through Better Communication. document management. Management. project collaboration. project management.