Remove Cash Flow Remove Change Orders Remove Design Remove Finance
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The High Cost of Low Bids: When Contractors Compete on Price, Everyone Loses

Levelset

And any savings on paper are usually lost mid-way through the project in change orders. Are architectural and design firms held to the low-bid method? Change orders inevitably increase costs , and schedule delays eat into the project’s budget. Remember, designers and architects conceptualize projects.

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5 Reasons to Use Mechanical Contractor Software

Pro Builder

For practices like estimates, time tracking, project management, change order management, accounting, and other key processes, mechanical contractor software has helped complete jobs more efficiently and effectively. Here are five reasons to use mechanical contractor software: 1) Drawing & Design Planning. Building Software.

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Modular Will Be Worth It

Pro Builder

If we're not delivering speed with all the advantages of modular, we're not succeeding,” said Anthony Gude, director of operations at R & S Tavares Associates, a company that provides services that include design, structural engineering, consulting, and project management for prefabricated buildings. Off-Site Construction.

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5 Ways to Prepare for New Revenue Recognition Standards

Viewpoint Construction Technology

The new GAAP revenue recognition standards developed by the Financial Accounting Standards Board are here, and these standards are designed with complex projects in mind. When implemented properly, they offer improved cash flow and better accounting insight, which benefits contractors and customers.

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Contractor Tactics On How To Avoid Payment Problems

Contractor Bookkeeping

Construction companies need short-term liquid working capital such as cash, lines of credits, loans, owner financing, credit cards, supplier accounts, and other forms of money to conduct daily operations. What often happens is that contractors hate paperwork preferring to keep everything in their head.

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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. Section 179 was designed to provide an attractive tax savings on these purchases. All businesses that purchase, finance, and/or lease less than $2 million in new or used business equipment during tax year 2011 should qualify for the Section 179 Deduction. change orders. MANAGEMENT |.

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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. Meet with them before every project to discuss not only the contractual provisions for scope of work and change orders, but also what you bid and why. Owners need your help to meet their goals, and they may be more amenable to approving change orders while you’re still on the job. SOFTWARE |.