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Common Types of Construction Contracts And Their Use

cnstrctr

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? A construction contract is a document that outlines the roles and responsibilities between two or more parties on a project. Lump Sum Contracts.

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Estimating- The New Normal

Chianelli Estimating

Most likely none of the cost factors now required will have been budgeted for on previously awarded contracts and the list is formable; controlled access to sites, material delivery disruptions, temperature checks, two week quarantine, reduced labor force – both in the field and in the office, material shortages. cost overruns.

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A Cash Flow Guide for Architects

Levelset

You’re providing a service to your customers, but your contracts are often lump-sum , and billings are often determined by the percentage of completion. 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.

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An important book: Michael Stone’s Markup and Profit: A Contractor’s Guide (Revisited)

Construction Marketing Ideas

Michael Stone’s classic Markup and Profit book , originally written in 1998, has become an essential guide to contractors hoping to succeed — even survive — in the contracting business. You can calculate clearly your profit and markup requirements with the formulas and then figure out what you need to do to balance things.

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Rory Woolsey's Construction Estimating Blog: Mark It Up!

Rory Woolsey

“ 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!

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Rory Woolsey's Construction Estimating Blog: A New Year in.

Rory Woolsey

I have figured that I have facilitated about 8,500 hours of classes on estimating, Job Order Contracting, and project management related topics. The inventory of houses on the market is declining which is good for residential construction and on the commercial side there are many aged facilities that are in need of renovation or replacement.

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Choosing QuickBooks Version For Your Contracting Company

Contractor Bookkeeping

Which Of The Five Types Of Contracting Do You Do? You need QuickBooks to track all your construction and overhead costs and generate Bank Draws and Work-In-Progress (WIP) reports against budgeted estimates to monitor progress which we have in our QuickBooks Setup. Do you remodel existing homes and commercial spaces?