Construction Business Owner

OCTOBER 26, 2011

Industry News. Industry Statistics. While there are numerous reasons to change software applications, there are two that regularly come up in our discussions with prospective clients: cash flow control and project cost control. Back to Cash Flow. document management. Equipment Management. Add new tag.

Cash Flow 120

Cash Flow Construction Software Software 120

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. Approvers receive notifications any time a requisition comes in, and they can check that PO against what’s still available in the budget. Speed Up Receivables. Look, all invoices must be automated and sent out ASAP.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68

Autodesk Construction Cloud

JUNE 8, 2023

The famous Aristotle quote that goes, “Well begun is half done,” rings very true in the construction industry. 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 Business Owner

NOVEMBER 3, 2011

Industry News. Industry Statistics. Job Cost & Cash Flow. So it makes sense that any software you consider should offer comprehensive job cost and cash flow solutions. Integrated Document Management. You should be able to search the text of the documents, not just the file names.

Cash Flow 120

Cash Flow Construction Software Software 120

Pro Builder

APRIL 19, 2021

The construction industry has gone through an extensive transformation, and technology has completely changed the concept of how to drive more quality, productivity, and profit into projects. 4) Budgeting & Finances. 5) Material Planning & Document Management. 5 Reasons to Use Mechanical Contractor Software.

Software 52

Software Software Contractors Change Orders 52

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. Approvers receive notifications any time a requisition comes in, and they can check that PO against what’s still available in the budget. Speed Up Receivables. Look, all invoices must be automated and sent out ASAP.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52

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

cnstrctr

JULY 1, 2019

The second reason is for cash flow. These reports should summarize the overall budget, potential change orders, cash flow, risks and more. Forecast – the forecast needs to at a bare minimum identify what your budget numbers are, costs or committed costs to date and anything left over or any over run.

Cash Flow 60

Cash Flow Forecasting Construction Contract 60

Construction Cost Estimating

SEPTEMBER 19, 2017

Liabilities of a Quantity Surveyor: A Quantity Surveyor (QS) is a professional who mainly deals with construction costs and contracts associated with the Construction Industry. The role of a quantity surveyor is to recognize and compile the related costs with the purpose of creating a complete budget for any project.

Cash Flow 40

Cash Flow Construction Estimating Contract 40

Autodesk Construction Cloud

JULY 8, 2021

A key piece is having the ability to see and compare how much specific items or tasks cost so you can correctly forecast and manage cash flow. . Construction firms can use cost codes to document, categorize, and analyze costs efficiently. The Benefits of Using Construction Cost Codes to Plan, Budget, and Analyze .

Construction 52

Construction Profitability Budgeting Budget 52

Construction Business Owner

SEPTEMBER 1, 2022

To avoid this, you should abide by all industry standards for storing construction materials, especially if you do business in a harsh climate. Once all your inventory is properly stored and adequately secured in the right place, you can use your inventory management system to document exactly where it’s all located. About Sortly.

Inventory 226

Inventory Resource Construction Materials 226

ProcurementExpress.com

FEBRUARY 11, 2019

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. How ProcurementExpress.com Helps Construction Teams Manage Purchases Across Different Budgets–click here to access the full list. Document management. Click Here. Multiple Projects at Once. Click To Tweet.

Procurement 63

Procurement Plans Construction Budgeting 63

Job Order Contracting

DECEMBER 13, 2020

85%+of all projects are over budget (just 31% of all projects came within 10% of the budget in the past 3 years – KPMG) 52% of rework is caused by poor project data and miscommunication (2018 Industry Report – Construction Disconnected, FMI). 40-50% work is either rework or not “value-added work.” CHANGE MANAGEMENT.

Project Management 161

Project Management Capterra Organization Management 161

ProcurementExpress.com

FEBRUARY 11, 2019

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. content_upgrade cu_id=”4140″]How ProcurementExpress.com Helps Construction Teams Manage Purchases Across Different Budgets–click here to access the full list.[content_upgrade_button]Click Document management.

Procurement 52

Procurement Plans Construction Budgeting 52

Construction Business Owner

JANUARY 5, 2012

Industry News. Industry Statistics. Close the Budget vs. Actual Gap. The current state of the construction industry may seem dismal for some, but the fact is, the industry will rebound. document management. Tags: budget vs. actual , construction management , field technology. Equipment Management.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

APRIL 26, 2012

Industry News. Industry Statistics. Know the Contract and Budget. If your managers don’t know how much you allocated for materials, and how you arrived at that number, they can’t reasonably be expected to meet your budget. document management. Equipment Management. Resource Center. Equipment and Services Directory.

Change Orders 120

Change Orders Construction Profitability Software 120

DebunkTheBIM

AUGUST 3, 2015

Analysts interests in the wellbeing of economies related to the AEC industry are usually at pains to explain, how it is by its nature cyclical, consequently the fortunes of those working within construction will go up and down in regular intervals. Money always talks and in recession, low fees talk even louder.

BIM 48

BIM Cash Flow Industrial Environment 48

Construction Business Owner

NOVEMBER 17, 2011

Industry News. Industry Statistics. At Dexter + Chaney , we’ve been spending some time talking with Dr. Mike Vorster, probably the leading construction equipment thinker in the industry, and who we have teamed up with to provide our customers with a world class equipment management system. cost of owning) budget.

Construction 136

Construction Software Software Equipment 136

Construction Business Owner

FEBRUARY 2, 2012

Industry News. Industry Statistics. 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. document management. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

MARCH 6, 2011

Industry News. Industry Statistics. While I found parts of it a bit elongated, it was a fascinating story that showed the inner workings of the group charged with reorganizing an industry that is near to me having been a born and raised Michigander. document management. Equipment Management. Resource Center. Publications.

Construction 120

Construction Software Software Accounting 120

Levelset

JUNE 21, 2022

Also, the Air Conditioning Contractors of America estimate 13% job growth by 2030, outpacing the average across all industries. So read on to learn about strategies for cash flow, sales, finance, marketing, operations, staff, and leadership. Manage your cash flow as well as you handle air flow.

Cash Flow 98

Cash Flow Accounting Profitability Residential 98

Construction Business Owner

FEBRUARY 23, 2012

Industry News. Industry Statistics. For example, banks and other financial institutions put in stronger measures than many other industries. Most providers can create a plan to meet your needs, not to mention budget. document management. Equipment Management. Resource Center. Equipment and Services Directory.

Security 120

Security Construction Software Software 120

Construction Business Owner

SEPTEMBER 13, 2011

Industry News. Industry Statistics. The bigger the company, the more important it is to have a solution that can forecast and budget for the future. document management. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect. Forms and Checklists. Seminars and Tradeshows.

Construction 120

Construction Software Software Accounting 120

Autodesk Construction Cloud

JANUARY 6, 2022

When collaboration is strong, team members pool their resources and knowledge and prioritize meeting shared goals dictated by the timeline and budget of the entire process rather than their own goals. But given the realities of today’s industry, how can construction firms effectively foster trust and collaboration? Key Takeaways.

Construction 52

Construction Estimating Design Budgeting 52

Construction Business Owner

MARCH 22, 2012

Industry News. Industry Statistics. 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. document management. Equipment Management. Resource Center. Ask the Expert. foundation.

Construction 120

Construction Software Software Accounting 120

Levelset

JUNE 21, 2022

Also, the Air Conditioning Contractors of America estimate 13% job growth by 2030, outpacing the average across all industries. So read on to learn about strategies for cash flow, sales, finance, marketing, operations, staff, and leadership. Manage your cash flow as well as you handle air flow.

Cash Flow 52

Cash Flow Contractors Accounting Profitability 52

Levelset

APRIL 7, 2022

Tell your customer whether or not their project, budget, or timeline is feasible. This is where a document like a preliminary notice can be so critical. While this document preserves lien rights in some states, it has many benefits beyond the lien process. Set expectations. Read more : Why promises to pay are so dangerous.

Contractors 52

Contractors Lien Education Housing 52

Autodesk Construction Cloud

JULY 7, 2022

Unlike industry behemoths, smaller players can move faster and be more nimble because there’s not a lot of corporate red tape. . Their teams and budgets are leaner, so every investment must be carefully considered—particularly when it comes to tools like construction management software. . Cash Flow Issues.

Software 105

Software Software Management Construction 105

ProcurementExpress.com

NOVEMBER 30, 2016

A huge topic of discussion in the Construction Industry consistently, is the scope of financial risk on a construction project. To avoid the pitfalls of underfunded projects: set a realistic budget, and interview and hire the best consultants and contractors available. Do you know if any of your projects are at risk? Improper planning.

Risk 52

Risk Construction Plans Structural Engineering 52

Autodesk Construction Cloud

JANUARY 9, 2024

In 2023, the construction industry grappled with the lingering effects of supply chain disruptions, inflation, and ever-present labor shortages —a narrative that has become all too familiar. The future is bright for the construction industry, and the best way to prepare is to stay informed and adaptive to emerging trends.

Construction 137

Construction Autodesk Industrial Sustainability 137

Autodesk Construction Cloud

MAY 5, 2023

They are implementing project and field management tasks, document controls, and third-party collaboration to extend beyond the internal focus of an ERP. This makes it easier to track budgeted resources, committed funds, and actual money spent. No more double entry, manual errors or missed information.

Office 52

Office Autodesk Accounting Project Management 52

Autodesk Construction Cloud

MARCH 7, 2022

The plumbing contracting industry continues to grow at a promising rate. As specialty contractors, plumbing contractors bring a specialized skill set, industry-specific processes, and unique workflows to every project. The industry landscape looks different than in years past. Plumbing Contracting in 2022 and Beyond.

Contractors 98

Contractors Innovation Bidding Resource 98

ProcurementExpress.com

NOVEMBER 30, 2016

A huge topic of discussion in the Construction Industry consistently, is the scope of financial risk on a construction project. To avoid the pitfalls of underfunded projects: set a realistic budget, and interview and hire the best consultants and contractors available. Do you know if any of your projects are at risk? Improper planning.

Risk 40

Risk Construction Plans Structural Engineering 40

Lets Build

APRIL 20, 2020

Construction schedule delays are a common problem within the industry and for a very good reason. As reported by McKinsey and Company, an average project in construction is expected to experience a minimum 20-month delay and an 80% budget overrun. Cash flow problems. Extra cost for materials and storage. Legal disputes.

Schedule 206

Schedule Construction Cash Flow Budgeting 206

Autodesk Construction Cloud

FEBRUARY 1, 2022

Finishing the project on time, meeting the requirements of the agreement and staying within the budget are all essential aspects of quality management. Quality issues arise from various problems like using low-quality materials or failing to document changes. What Is Construction Quality?

Management 97

Management Construction Risk Documentation 97

Autodesk Construction Cloud

DECEMBER 2, 2021

Tracking costs and monitoring risk while keeping a job on budget can be one of the biggest hurdles to any building project. Finding ways to do all of these things efficiently makes a huge difference when it comes to delivering a project on time and on budget. A cost management plan helps keep a job on budget. Key Takeaways.

Management 52

Management Change Orders Construction Budgeting 52

Autodesk Construction Cloud

OCTOBER 5, 2021

In today’s increasingly digitized construction industry, connecting project stakeholders and data is critical for the collaboration and insights teams need for their competitive edge,” said Sameer Merchant, vice president of product development, Autodesk Construction Solutions. director, construction and real estate, Sage. “We

Autodesk 52

Autodesk Construction Schedule Accounting 52