Contractor Bookkeeping

MAY 3, 2024

Small construction businesses have several characteristics that distinguish them from larger firms. However, they may also face challenges such as limited resource access, difficulty securing financing, and increased competition from larger firms. Over the years, we have had many successful construction clients.

Contractors 92

Contractors Construction Finance Security 92

Wolgast Corporation

FEBRUARY 27, 2024

General Construction for a long time was the primary method of delivering construction. Even Wolgast in the early years was a one-trick pony with General Construction being our only option. The needs of busy business people who didn’t have much knowledge about construction drove the creation of the Design-Build delivery method.

Design 62

Design Bidding Budgeting Budget 62

Contractor Bookkeeping

APRIL 14, 2023

As a small business owner, you're likely already aware of the importance of keeping your finances in order. It involves regularly checking your financial situation to ensure your accounts are in order, your records are up-to-date, and you're spending within your budget.

IRS 90

IRS Finance Income Budgeting 90

Construction Marketing

FEBRUARY 14, 2022

Site inventory management is a crucial part of any construction business. However, construction inventory can run into a few specific challenges. Additionally, each delay inevitably drains finances and your company’s image. It achieves this feat by examining recurring factors in the history of your construction business.

Inventory 283

Inventory Management Site Construction 283

Pro Builder

OCTOBER 21, 2020

Building A Home On A Budget – 4 Tips To Suggest For Potential Buyers. Building a home from the ground up is expensive and the process could be so daunting for some potential buyers that they look as resales rather than new construction. Often enough, a cheaper site will also be a poor one for construction. Value the Land??.

Budgeting 98

Budgeting Budget Finance IDEA 98

Jobsite with Procore

APRIL 18, 2022

Most specialty contractors would agree, on every project, the two most important budget items to manage with the utmost accuracy are labor and material.

Finance 52

Finance Contractors Budgeting Budget 52

Contractor Bookkeeping

MAY 3, 2024

Small construction businesses have several characteristics that distinguish them from larger firms. However, they may also face challenges such as limited resource access, difficulty securing financing, and increased competition from larger firms. Over the years, we have had many successful construction clients.

Contractors 62

Contractors Construction Finance Security 62

Construction Marketing

JANUARY 25, 2023

Commercial real estate development involves the process of acquiring, designing, constructing, and leasing or selling commercial properties such as office buildings, retail centers, and industrial parks. You must secure financing for the project. This includes creating a detailed project schedule, budget, and phasing plan.

Commercial 225

Commercial Leases Regulation Finance 225

Construction Marketing

JUNE 16, 2021

Construction is one industry faced with many planning and designing before the actual structure is put in place. However, with advancements in technology, better designs with more details are being constructed to help guide the structure of a building. . This has made it essential in design and construction. .

Design 156

Design Construction Budgeting Budget 156

Fieldwire

AUGUST 6, 2023

In this guest blog post for Fieldwire, Patrick Hogan explains five common challenges project managers face on construction projects. Each construction project poses unique challenges — this is why construction project managers have distinct roles and responsibilities to fulfill from project to project.

Project Management 98

Project Management Management Construction Budgeting 98

Lets Build

APRIL 15, 2020

The term construction project management can be used to describe a vast number of tasks, roles and responsibilities. Read more: How to reduce construction delays by more than 20%. Additionally, the basics and essentials of budgeting, finance, organisation, scheduling, conflicts, and legal issues are also covered by the project manager.

Project Management 148

Project Management Management Construction Feasibility 148

Construction Marketing

JULY 24, 2020

In the past, the marketing and accounting functions within a company were not frequent collaborators save the annual budgeting or forecasting process. Meanwhile accounting and finance employ Financial Planning & Analysis tools (FP&A), Business Intelligence (BI), and other software to deliver in-depth analysis and reporting.

Accounting 178

Accounting Finance Forecasting Certification 178

Construction Law

FEBRUARY 1, 2024

The Construction Leadership Council (CLC) has called on Chancellor of the Exchequer Jeremy Hunt to include a range of policy measures in his Spring 2024 budget, including using some form of Private Finance Initiative type of funding. Subscribers to the printed magazine get access to the entire Construction law website.

News 40

News Accounting Budgeting Budget 40

Autodesk Construction Cloud

APRIL 24, 2023

While incredibly rewarding, the construction industry is a challenging sector to work in for cost-focused business and project executives. Bank failures, rising interest rates, high material prices, and labor crunches are all making it more challenging for construction companies to protect, let alone, improve their margins.

Profitability 97

Profitability Construction Autodesk Forecasting 97

Contractor Bookkeeping

OCTOBER 15, 2021

If you're looking to grow your construction business, you might consider expanding your service offerings. If you don't have savings earmarked to fund your ideas, you'll want to make sure your "scaling my construction business" plan includes adequate financial planning. First things first - find the money.

Cash Flow 98

Cash Flow Income Finance Plans 98

cnstrctr

JANUARY 4, 2020

Construction projects are a conglomeration of various parties that all need to work together. A construction contract is a tool that you can use to help outline these requirements. What exactly is a construction contract, how can it be used and what are the different types? Construction Contract Types.

Contract 88

Contract Construction Finance Documentation 88

Viewpoint Construction Technology

SEPTEMBER 13, 2018

If construction jobsites have one thing in common, it’s that they’re all different. makes a philosophy like lean manufacturing seem unsuited to the construction industry. It is possible to use lean in construction. Applying Lean to Unpredictable Construction Jobsites. Reinforce Lean Construction with Technology.

Construction 211

Construction Project Management Management Contractors 211

Levelset

APRIL 5, 2022

Most construction businesses focus on their profit margins — making sure that revenue exceeds costs for each job. Cash flow is the number one reason why construction companies go out of business. By predicting your cash requirements ahead of time, you know just how much work you can afford to take on and budget accordingly.

Cash Flow 52

Cash Flow Finance Construction Materials 52

Viewpoint Construction Technology

FEBRUARY 19, 2019

Here are three ways to ensure your cash flow forecast gets your project done on time, on brief and on budget. The only way around the complexity of a large-scale construction project is to ensure working capital requirements are known and provided for. Effectively managing cash flow is critical for contractors’ success.

Cash Flow 130

Cash Flow Forecasting Construction Software 130

Autodesk Construction Cloud

FEBRUARY 5, 2022

How to Manage Risk in Your Construction Project. According to The Construction Industry Institute , there are about 107 construction risks you should consider when managing a project. What is Construction Risk Management? Risks are classified into categories including finance, schedule, and design.

Risk 59

Risk Management Construction Documentation 59

Levelset

MARCH 16, 2022

Undertaking a large construction project is exciting, but it can also be overwhelming. Instead of looking at the project as one big job, it’s possible to break almost every project down into individual phases of construction. Once a construction project is finally taking shape, it hits the performance and monitoring phase. .

Lien 52

Lien Construction Budgeting Budget 52

Contractor Bookkeeping

AUGUST 6, 2014

. #2 The financials tell the banker your bookkeeper doesn''t understand Construction Accounting. #3 4 You have no access to a construction accountant, not even for quarterly check-ups. #5 5 You don''t have a formal documented Business Plan with a budget and projections. The Construction Specifications Institute (CSI).

Finance 48

Finance Accounting Construction Banking 48

HardHatChat

OCTOBER 18, 2016

Behind-the-scenes team members – such as Englewood Construction’s CFO, Mary Davolt, who was recently honored as a CFO of the year by the Daily Herald – play a critical role in the success of a commercial construction firm. Pre-Construction Services.

Commercial 120

Commercial Safety Construction Project Management 120

Construction Marketing

JANUARY 6, 2023

As an intending storage owner, having a well-thought-out plan before either purchasing or constructing is essential. A plus side is that unused construction materials can be safely stored for future purposes. . One can construct in stages and keep including additional sections in common sizes as the need arises. . All the best.

Remodeling 277

Remodeling Inventory Zoning Travel 277

Construction Marketing

JULY 14, 2022

Though you won’t be able to know everything before building a commercial building, constructing a commercial building is a big undertaking, so there are a few important things to know before you get started. . Building Construction Types. Pricing is important no matter which one of the building construction types is on your shortlist.

Commercial 223

Commercial Fabrication Concrete Inspections 223

Construction Marketing

APRIL 19, 2019

Flexible budget. It is easier to factor in your budget with a custom home builder. They will give you some ideas on designs and materials to use that fit your budget. You may also build the home in phases depending on your finances. Here are 10 reasons to choose custom home builders in Charlotte; 1.

Charlotte 120

Charlotte Remodeling Budgeting Budget 120

Green Building Law Update

AUGUST 27, 2017

Last week the Maryland Green Building Council voted unanimously to recommend that Green Globes, at the two Green Globes level, be approved by the Maryland Secretaries of Budget and Management and General Services as a “high performance building” as defined in Maryland law. The current law, in State Finance and Procurement, § 3-602.1,

Maryland 189

Maryland Green Guidelines Budgeting 189

Wolgast Corporation

FEBRUARY 8, 2022

Once you’ve already determined the approximate size of the space you need, your budget, general location desired, and that the investment will fit within your business objectives, it’s time to start shopping for suitable building for your company changes. Both of these would add to a remodel budget if chosen as your building.

Commercial 62

Commercial Remodeling Finance Permits 62

The Korte Company

OCTOBER 9, 2018

It’s a rudimentary idea on the surface, but behind the veneer it’s clear that hotel construction projects have many moving parts. The key to success is optimizing a wide array of hotel construction costs associated with these projects. Understand hard costs in hotel construction. Construction project insurance premiums.

Finance 68

Finance Construction Security Materials 68

Autodesk Construction Cloud

AUGUST 21, 2023

Recession concerns are always a pressing issue for construction leaders, and for a good reason: the construction industry tends to take a massive hit during recessions and economic downturns. million jobs were lost, and 150,000 construction firms went under. of projects go over budget, over schedule, or both.”

Construction 40

Construction Estimating Budgeting Budget 40

Lets Build

AUGUST 3, 2017

In a world, where Research and Development is the thriving sector for all industries, construction seems to pay very less attention to this sector. Construction work happens manually and work progresses on site through multiple visits and contracts, even today. With Construction software, work allocation becomes a piece of cake.

Software 129

Software Software Maine Management 129

Levelset

SEPTEMBER 28, 2022

Podcasts are now an essential medium for sharing information, and experts across the construction industry share their wisdom every day with listeners interested in growing a construction business, learning about the latest construction trends and technology, and building their understanding of construction law and finance.

Construction 52

Construction Schedule Safety Industrial 52

Levelset

AUGUST 4, 2022

Running an architectural firm is a bit different than other companies in the construction industry. Let’s take a look at the basics of cash flow and how architects can budget their expenses and forecast their income to stay in good financial standing. Budget categories. Cash flow basics. Forecasting your revenue.

Cash Flow 52

Cash Flow Budgeting Budget Forecasting 52

ProcurementExpress.com

FEBRUARY 11, 2019

Construction teams face unique procurement challenges due to the complex nature of the business. With that in mind, we’ll look at three of the biggest challenges that construction teams deal with and how they affect procurement planning. With that in mind, construction companies need to invest in a few things. Click Here.

Procurement 63

Procurement Plans Construction Budgeting 63

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. Construction management software is designed to serve different trade contractors including mechanical contractor services. 3) Estimating.

Software 52

Software Software Contractors Change Orders 52

Viewpoint Construction Technology

FEBRUARY 11, 2019

That’s exactly how we feel when we see construction companies stuck in bad relationships with construction software providers. You may be in a toxic relationship with your construction software provider if…. The software and workflows are not designed specifically for construction.

Software 173

Software Software Construction Viewpoint 173

Levelset

JULY 11, 2022

There is no shortage of work in the construction industry right now. Delayed payment is felt by nearly 90% of contractors, according to Levelset’s 2021 Construction Cash Flow & Payment Report. It’s tempting to only budget for the substantial costs at the start of a project without planning how to handle the later stages.

Cash Flow 52

Cash Flow Bidding Finance Materials 52