ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. No two projects look the same, and even the best-prepared estimates give contractors and clients only a partial picture of the actual scope of work and the costs involved. Process Change Orders Quickly. Speed Up Receivables.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68

Construction Business Owner

NOVEMBER 3, 2011

For example, you might require project management, but if you do a quick search, you’ll find there are numerous project management solutions that range from simple to complex. Job Cost & Cash Flow. Committing Intentional Project Communications. change orders. construction management.

Cash Flow 120

Cash Flow Construction Software Software 120

Construction Business Owner

APRIL 26, 2012

Know the Contract and Budget. 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. Stay on Top of Changes. If a problem arises, they can address it immediately.

Change Orders 120

Change Orders Construction Profitability Software 120

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. No two projects look the same, and even the best-prepared estimates give contractors and clients only a partial picture of the actual scope of work and the costs involved. Process Change Orders Quickly. Speed Up Receivables.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52

Autodesk Construction Cloud

JUNE 8, 2023

Integrate design with downstream processes A typical $100 million project takes around 30 months in design and preconstruction. Many things can happen during this period, and project teams often face complications like design creep and price increases, which negatively impact budgets and schedules. How do you accomplish this?

Profitability 98

Profitability Bidding Estimating Risk 98

Construction Cost Estimating

FEBRUARY 21, 2012

Construction Project Management & accounting software plays a vital role for construction companies. Now-a-days industry-specific project management software plays an important role for expanding integrated project management modules to participate with the leading stand-alone project management systems.

Project Management 40

Project Management Software Software Accounting 40

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

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. Close the Budget vs. Actual Gap. This year, I encourage you to close the gap between your bids, your projections, and the actual cost of the project.

Construction 120

Construction Software Software Accounting 120

Autodesk Construction Cloud

DECEMBER 18, 2021

Common project closure problems may delay a completion date and final payment. Problems like delayed change orders, poor communication and lost paperwork may make it harder to close out a project on time. A detailed project closeout checklist helps resolve problems to close on time. The reverse bell curve.

Change Orders 52

Change Orders Documentation Equipment Risk 52

ProcurementExpress.com

JANUARY 2, 2019

Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. But, procurement , project management, and the C-suite should all monitor WIP closely. Which then throws everything off from revenue forecasting to budgeting.

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

Construction Business Owner

FEBRUARY 2, 2012

Moneyball is a film based on the true story of Oakland A’s general manager Billy Beane’s successful attempt to put together a baseball team on a tight budget. Committing Intentional Project Communications. Better Project Management through Better Communication. change orders. Management.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

NOVEMBER 17, 2011

Notice that the horizontal axis represents your operating cost budget, and the vertical axis your capital (i.e., cost of owning) budget. Committing Intentional Project Communications. Better Project Management through Better Communication. change orders. construction management. Management.

Construction 137

Construction Software Software Equipment 137

Construction Business Owner

MARCH 6, 2011

Not only is corporate culture incredibly important to the long-term viability of a project, but modeling and testing should be an equally important part of the budgeting and yearly planning cycle. Committing Intentional Project Communications. Better Project Management through Better Communication. change orders.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

FEBRUARY 23, 2012

Most providers can create a plan to meet your needs, not to mention budget. Committing Intentional Project Communications. Better Project Management through Better Communication. change orders. construction management. construction management software. document management. Management.

Security 120

Security Construction Software Software 120

ProcurementExpress.com

JANUARY 2, 2019

Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. But, procurement, project management, and the C-suite should all monitor WIP closely. Which then throws everything off from revenue forecasting to budgeting.

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

Construction Business Owner

SEPTEMBER 13, 2011

The bigger the company, the more important it is to have a solution that can forecast and budget for the future. Committing Intentional Project Communications. Better Project Management through Better Communication. change orders. construction management. construction management software.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

MARCH 22, 2012

We identified a few basic topics to put some thought into when creating a marketing strategy: Marketing Research, Target Market(s), Product, Price, Promotion, Place, Position, Schedules, and Budgets. Committing Intentional Project Communications. Better Project Management through Better Communication. change orders.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

JANUARY 30, 2011

Many of the contractors immediately shot down the concept with the age old line of questioning that pertains to the architects’ inability to draft an affordably reproduced plan and a perceived desire to be the next Frank Lloyd Wright on a modest budget. Committing Intentional Project Communications. change orders.

Contractors 120

Contractors Design Software Software 120

Autodesk Construction Cloud

MAY 5, 2023

Historically, accounting and IT departments have managed enterprise resource planning (ERP) environments and forced project management teams to make these solutions work for operations. ERPs can be configured to meet the needs of accounting teams, and their on-prem deployment allowed IT to control accessibility.

Office 52

Office Autodesk Accounting Project Management 52

Autodesk Construction Cloud

DECEMBER 2, 2021

Your ultimate guide to construction cost management, and how to improve it. Tracking costs and monitoring risk while keeping a job on budget can be one of the biggest hurdles to any building project. Tracking costs and monitoring risk while maintaining a budget is one of the most significant hurdles on a building project.

Management 52

Management Change Orders Construction Budgeting 52

Autodesk Construction Cloud

OCTOBER 28, 2021

Workflow guidance on flexible budget structures, contract generation for commitments, collaborative change order workflows, and cash flow forecasting. Cost management plays a significant role in managing how revenue and costs are accrued on your projects.” Josh Cheney, Sr.

Autodesk 52

Autodesk Industrial Construction BIM 52

Autodesk Construction Cloud

JUNE 10, 2022

Connect BIM Data: To maximize its use, as well as ensure accuracy, connect your BIM data to other design, preconstruction, and project management workflows including design reviews, takeoffs, estimating, change management, and value engineering. Read more: Technology’s Critical Role in Cost Management.

Construction 52

Construction Management BIM Project Management 52

Autodesk Construction Cloud

AUGUST 12, 2021

But the latest innovations in construction project management software provide an exciting level of financial clarity—especially useful to connect project finances to accounting decision-makers. The cloud-based project management platform increases transparency between your office and field teams.

Accounting 52

Accounting Software Software FASB 52