Remove Cash Flow Remove Change Orders Remove Contractors Remove Foundation
article thumbnail

Five Tips To Help Contractors Stop Losing Money On Change Orders

Contractor Bookkeeping

It''s A Small Change. Contractors hear these all the time. Part of the root cause can be traced to a mild case of "Stockholm Syndrome" where contractors feel their cash flow may be held captive by their customers or clients. In this case the "Hammer" is a change order. You Get It Wholesale.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Data Security in the Cloud » Collaborating on Cash flow. 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. Technology for Collaboration & Cash Flow.

Cash Flow 120
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

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. change orders. foundation. foundation software. Add new tag. cloud computing.

Cash Flow 120
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

« A Change (Order) for the Better? Judging Tipis » Some Advice on Change Orders. I was talking with John Chaney this week, and he mentioned that he was going to blog about how change orders affect construction management. change orders. foundation. foundation software.

article thumbnail

Building Strong Starts: Protecting Profit Margins Through Effective Preconstruction

Autodesk Construction Cloud

the preconstruction phase), you complete a significant part of the job and create a strong foundation and direction for the remaining work. A connected bidding platform also simplifies how you manage field proposals from other contractors and subcontractors. When you stay on top of project planning and design from the beginning (i.e.,

article thumbnail

Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

Many State and Federal projects require a contractor to be bonded. In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. This report illustrates how a contractor bills a client versus the work they have actually completed. change orders.

Cash Flow 168
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs. change orders. foundation. The good news?

Cash Flow 120