HardHatChat

MARCH 9, 2010

Unfortunately, a landlord’s biggest liability in a commercial construction project can be an insensitive general contractor whose only concern is making his deadline and budget. we came in on time and under budget without one complaint from any of the retailers. No complaints? When was the last time that happened to you?

Contractors 192

Contractors Retail Remodeling Commercial 192

Construction Business Owner

OCTOBER 26, 2011

This left the project managers with inaccurate information on their jobs, and the accounting staff up to their eyeballs in timecards. Control Project Costs with Integration. It’s easy to figure that when you’ve spent 50% of your budget, you’re 50% complete with the job. Committing Intentional Project Communications.

Cash Flow 120

Cash Flow Construction Software Software 120

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

FEBRUARY 1, 2022

Nonetheless, there’s most likely an optimal delivery method for your company or project. By choosing the right one for your project, overall risk can be reduced, and budget and schedule can be better managed. Many methods of project delivery exist, but most are variations of the five models we’ll describe below.

Risk 52

Risk Schedule Design Budgeting 52

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. Committing Intentional Project Communications. Public Exposure and Liability on Construction Sites. document management.

Cash Flow 120

Cash Flow Construction Software Software 120

Construction Business Owner

MARCH 1, 2012

The topic of cash flow never seems to get old – after all, sustained negative cash flow often results in slashing budgets, personnel, and in the worst cases shutting down of a company. If the office doesn’t submit invoices in a timely manner and waits to pay them all at once, a job will appear to be at or under budget. Management.

Cash Flow 120

Cash Flow Construction Software Software 120

Pro Builder

JUNE 1, 2020

Personnel: Salaries + indirect employee cost + bonuses + office space + personnel managers. Third-party contractors: Research + design + renderings + plan stamp/liability. Variances: Errors & omissions via hand-offs + incorrect plans/details + managing multiple documents. Think about this for a minute.

Documentation 59

Documentation Software Software Profitability 59

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. Public Exposure and Liability on Construction Sites. Better Project Management through Better Communication. Management.

Construction 136

Construction Software Software Equipment 136

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. Public Exposure and Liability on Construction Sites. document management. Management.

Construction 120

Construction Software Software Accounting 120

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. Public Exposure and Liability on Construction Sites. document management.

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. Public Exposure and Liability on Construction Sites. Better Project Management through Better Communication. document management. Management. project collaboration.

Security 120

Security Construction Software Software 120

Autodesk Construction Cloud

DECEMBER 18, 2021

Risk assessment is the fifth step and requires you to identify potential risks or liabilities that could arise in the future. Step six is to write up a final report outlining each of the previous steps for upper management. Reconcile the budget, comparing the money you spent with the money you budgeted and paying outstanding invoices.

Change Orders 52

Change Orders Documentation Equipment Risk 52

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. Public Exposure and Liability on Construction Sites. Better Project Management through Better Communication. document management. Management.

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. Public Exposure and Liability on Construction Sites. document management.

Construction 120

Construction Software Software Accounting 120

Construction Cost Estimating

MAY 19, 2012

Sage 100 Contractor contains more improved service management, vendor, reporting and other capacities to augment the effectiveness of the users. The software provides a unique construction system amalgamating accounting, project management, estimating and service management under one roof.

Sage 45

Sage Estimating Contractors Accounting 45

Construction Marketing

FEBRUARY 20, 2023

This means having the right mix of engineers, architects, surveyors and project managers that know how to handle your unique project. Strong Finances and Good Credit When you are about to create your Construction and trade business, finances and budgeting should be among the first things on your list.

Construction 299

Construction Risk Management Resource 299

PSMJ Resources

MAY 6, 2014

Don’t just limit your liability; include a “hold harmless” clause shifting responsibility to the client for design errors. Eliminate any redesign that would go over construction budget bids. . • Make the payment terms 10 days—rather than 30—from date of invoice (with a high late payment penalty).

Profitability 40

Profitability Bidding Travel Change Orders 40

Rory Woolsey

MAY 31, 2012

“ What are the” appropriate” markups for overhead, profit and contingency when budgeting facilities construction projects?” ” I get this question a lot from my architect friends when helping them budget their projects through the design process. Thursday, May 31, 2012. Mark It Up!

Estimating 40

Estimating Overhead Profitability Construction 40

Lets Build

MAY 19, 2023

Construction quality defines the standards of a project against the established guidelines and requirements. It considers several factors, including completing the project on time, staying within the set budget, and adhering to its provisions. Remember that 52% of rework cases are due to miscommunication and poor data.

Management 141

Management Inspections Construction Plans 141

Lets Build

DECEMBER 16, 2022

Workmanship defects are what usually come to mind when you think about defects in construction—they occur when someone fails to follow the project’s documents when building components or structures. Either way, allocating liability and fixing the defect is typically a complex process. 3 causes of defects in construction.

Documentation 148

Documentation Construction Inspections Site 148

PSMJ Resources

AUGUST 13, 2012

related to becoming a Principal such as the Shareholder Agreement, Deferred Compensation Agreement, Buy-Sell agreement, Company By-Laws, Articles of Incorporation, Board Minutes, Budgets, business plans, strategic plans, and Annual Reports from the past several years. Senior Project Manager or non-equity Associate is.

Equity 54

Equity Compensation Resource Agreement 54

Contractor Bookkeeping

AUGUST 27, 2014

Chart of Accounts Payroll Tax Liabilities. Chart of Accounts Insurance Liability. He is experienced as a Contractor, Project Management Professional, Construction Accountant, Intuit ProAdvisor, QuickBooks For Contractors Expert and Xero Accounting Specialist and Bill.Com Certified Guru. Chart of Accounts Fixed Assets.

Contractors 89

Contractors Accounting Work in Progress Profitability 89

Autodesk Construction Cloud

FEBRUARY 1, 2022

Quality in construction means that projects are finished within the guidelines established by the Scope of Work. Finishing the project on time, meeting the requirements of the agreement and staying within the budget are all essential aspects of quality management.

Management 97

Management Construction Risk Documentation 97

Autodesk Construction Cloud

JANUARY 19, 2022

The real problem is that poor cash flow management can be disastrous…impacting your project schedules, profitability, and relationships. Almost 9 out of 10 construction projects worldwide go over budget. Want to learn more about cash flow management? Managing costs isn’t exactly easy.

Cash Flow 59

Cash Flow Management Profitability Change Orders 59

Autodesk Construction Cloud

SEPTEMBER 1, 2022

The construction industry uses different kinds of agreements depending on the project’s scope, delivery, schedule, budget, and the parties involved. They clearly define the most the owner will have to pay, which makes budgeting much easier. . If only it were that simple. There are many construction contract types out there.

Contract 98

Contract Maine Construction Agreement 98

Autodesk Construction Cloud

MAY 17, 2023

Construction projects generate an enormous amount of data, from design and engineering to operations. Without proper standardization, this data can become a liability rather than an asset. One weakness of traditional management processes is the lack of standardization; there is no one set, single standard to refer to.

Plans 98

Plans Construction Software Software 98

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. document management.

Contractors 120

Contractors Design Software Software 120

Autodesk Construction Cloud

JANUARY 8, 2023

Rework , disputes, and other issues often stem from problems with communication and project management–and the larger the project, the bigger the problems can be. The focus shifts from “how does my company succeed on this project” to “how do we ALL succeed on this project”. They need to set the example.”

Construction 52

Construction Agreement Contract Project Management 52