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Budgeting, Forecasting, And Goal-Setting In Your Construction Company

Contractor Bookkeeping

If you're like many construction business owners, you may need help understanding your finances or how you can use your financial information to make decisions for your business. As a construction company owner, you have the best chances of success when you regularly set budgets, develop financial forecasts, and establish goals.

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Keep Up With Construction Material Cost Changes

Construction Business Owner

Working in uncertainty can lead to budget overruns, delays and decreased profitability, making it challenging to keep up. To ensure success in any project, you need the ability to anticipate changes and make informed decisions. But what if there was a solution that could turn these challenges into opportunities for success?

Materials 335
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Commercial Construction Project Planning: 3 Warning Signs Your Budget Might Go Bust

HardHatChat

Budget is always a major consideration for our commercial construction clients, and as a general contractor we devote significant time to the budgeting process. Here are a few signs that, in our experience, indicate your project budget is more likely to bust: Skimping on Professional Services.

Budgeting 337
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Do You Know the Currency of the Field?

Construction Business Owner

ccapoccia Mon, 10/02/2023 - 12:26 Even today, some construction companies are reluctant to share information with the field employees — mainly, the budget figures. For a litany of reasons, “the office” is fearful of the superintendent or foremen possessing job cost information.

Budgeting 354
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No.1 Reason Why 70% of capital projects are late, over budget, or both!

Job Order Contracting

1 Reason Why 70% of capital projects are late, over budget, or both = Poorly defined Scope of Work A “hidden fact” leading to this failure point is that most owners don’t know how to clearly define and effectively communicate a Scope of Work. 1 Reason Why 70% of capital projects are late, over budget, or both!

Budgeting 130
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Making Budget Overruns a Thing of the Past by Predicting Future Costs

Construction Business Owner

Making Budget Overruns a Thing of the Past by Predicting Future Costs. This is a very difficult thing to do, as demonstrated by the fact that 98% of all construction projects go over budget. This is a very difficult thing to do, as demonstrated by the fact that 98% of all construction projects go over budget. Greg Ragsdale.

Budgeting 245
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Tired of Late, Over-Budget, and Just Plain LOUSY Facilities Repair & Renovation Outcomes?

Job Order Contracting

If you are Tired of Late, Over-Budget, and Just Plain LOUSY Facilities Repair & Renovation Outcomes, then do these 3 steps! Ensure robust nontechnical risk management by developing long-term relationships with well defined roles, responsibilities, workflows, information requirements, and deliverables. I’d Like to Learn More.

Budgeting 178