Construction Business Owner

OCTOBER 14, 2011

Some Advice on Change Orders » A Change (Order) for the Better? When clients ask me about change orders, I’m reminded of a well-circulated photo. The yacht is named “Change Order.” Discussion about change order difficulties tends to be one of two types.

Change Orders 120

Change Orders Construction Software Software 120

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. No two projects look the same, and even the best-prepared estimates give contractors and clients only a partial picture of the actual scope of work and the costs involved. Process Change Orders Quickly.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52

Job Order Contracting

DECEMBER 13, 2020

Research has readily demonstrated the correlation between the maturity level of an organization and project failure, i.e. excessive time spent upon change orders/rework, budget overruns, and overall client and/or participant dissatisfaction with outcomes. Project Management Constraints. ORGANIZATIONAL MATURITY.

Project Management 161

Project Management Capterra Organization Management 161

Construction Business Owner

APRIL 1, 2011

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. Committing Intentional Project Communications. Management.

Cash Flow 120

Cash Flow Construction Software Software 120

Autodesk Construction Cloud

JANUARY 19, 2022

Cash flow can make or break any business, especially in the construction industry. To successfully grow, construction firms need to effectively manage cash flow to procure materials, pay vendors and salaries, fund new projects, and finance other day-to-day business operations. Properly manage change orders.

Cash Flow 59

Cash Flow Management Profitability Change Orders 59

Construction Business Owner

NOVEMBER 3, 2011

Being the Best » The New Estimating Tool – Superintendents. Gregg is a consultant with FMI and specializes in the areas of productivity and project management. Estimating departments have added a new tool to their repertoire – superintendent and foremen input. Committing Intentional Project Communications.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

OCTOBER 10, 2011

Most of all, I learned that workforce management and structuring your company appropriately is one of the biggest challenges contractors face. What I heard is that finding the right person for an estimator and a project manager is crucial to success. Committing Intentional Project Communications. change orders.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

NOVEMBER 8, 2011

« The New Estimating Tool – Superintendents. Committing Intentional Project Communications. Better Project Management through Better Communication. change orders. construction management. construction management software. document management. Management. January 2009.

Construction 174

Construction Software Software Accounting 174

Construction Business Owner

JULY 5, 2011

However, estimates show in order to properly maintain the current system and expand it to meet future needs, we need to invest $225 to $340 billion annually.”. AEM estimates that 35,000 jobs—many of which are in construction— are created every time $1 billion is invested in our infrastructure. change orders.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

APRIL 21, 2011

Or maybe your accounting is solid, but your estimating is done using spreadsheets and it’s time to look into a trade-specific estimating program. Committing Intentional Project Communications. Better Project Management through Better Communication. change orders. construction management.

Construction 136

Construction Software Software Accounting 136

Construction Business Owner

FEBRUARY 2, 2012

When evaluating estimators, he says, “Business owners should not base estimating success simply on jobs awarded. Committing Intentional Project Communications. Better Project Management through Better Communication. change orders. construction management. construction management software.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

JULY 28, 2014

Change Orders and Related Payments. Project Baseline, Changes and Payments To Report? Change Orders and Related Payments. Project Baseline, Changes and Payments To Report? All construction problems are related to cash flow or communication. Residential Pay Application.

Contractors 48

Contractors Change Orders Accounting Cash Flow 48

Construction Business Owner

FEBRUARY 17, 2011

Today, new software applications – in job cost accounting, project management, estimating, etc. Committing Intentional Project Communications. Better Project Management through Better Communication. change orders. construction management. construction management software.

Construction 149

Construction Software Software Accounting 149

Construction Business Owner

JANUARY 5, 2012

There are fewer projects to bid and what projects are available are being bid by more people. One way to bid more work, without giving your estimator a quick trip to the funny farm, is to identify additional sources of project bid lists. Committing Intentional Project Communications. change orders.

Construction 120

Construction Bidding Software Software 120

Construction Business Owner

NOVEMBER 17, 2011

By gathering repair, maintenance and ownership costs, and accurate meter readings from each piece of equipment, the equipment manager of a well run operation can know how each piece of equipment within a class is performing, and keep rates constant by making proper repair/replace decisions within the fleet. change orders.

Construction 136

Construction Software Software Equipment 136

Construction Business Owner

APRIL 12, 2012

And, just last week, the United States Green Building Council published a report that estimates from 2009-2013 the green building industry will support 8 million jobs throughout the economy. Committing Intentional Project Communications. Better Project Management through Better Communication. change orders.

Construction 120

Construction Certification Green Software 120

Construction Business Owner

MARCH 29, 2012

The construction site as an assembly site reduces coordination errors, and costs, which is why more owners are requesting that their projects be developed using BIM. Project Collaboration. The estimator might ask – “How many cubic yards of concrete does this deck require?” Committing Intentional Project Communications.

Construction 120

Construction BIM Software Software 120

Construction Business Owner

APRIL 4, 2011

It is up to us, the contractor, to shape the message effectively and communicate to the client what the building will cost, an estimated time line to completion and any inherent issues that need to be addressed as early in the project as possible. Committing Intentional Project Communications. change orders.

Construction 120

Construction Software Software Accounting 120

ProcurementExpress.com

JANUARY 2, 2019

Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. But, procurement , project management, and the C-suite should all monitor WIP closely. Providing an overview of how much of a project has been billed.

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

Construction Business Owner

JANUARY 4, 2011

When I started working in the industry we still used payphones to call the office from the “field” We used paper estimates, a calculator and copy machines. Field changes and conditions were scribbled on note pads. Committing Intentional Project Communications. Better Project Management through Better Communication.

Construction 120

Construction Software Software US 120

ProcurementExpress.com

JANUARY 2, 2019

Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. But, procurement, project management, and the C-suite should all monitor WIP closely. Providing an overview of how much of a project has been billed.

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

Autodesk Construction Cloud

DECEMBER 2, 2021

One of the most important efficiencies you can create to best position yourself for good project outcomes is fine-tuning your cost management process. This can affect everything from the bidding process to change order management, your team’s efficiency, and ultimately, your bottom line.

Management 52

Management Change Orders Construction Budgeting 52

Autodesk Construction Cloud

MAY 5, 2023

Historically, accounting and IT departments have managed enterprise resource planning (ERP) environments and forced project management teams to make these solutions work for operations. ERPs can be configured to meet the needs of accounting teams, and their on-prem deployment allowed IT to control accessibility.

Office 52

Office Autodesk Accounting Project Management 52

Contractor Bookkeeping

JUNE 20, 2014

If you are thinking of doing your own bookkeeping think again, your time is more valuable in managing your business, getting customers and keeping them happy. Estimating Process - There is no one right answer. You can develop your own estimating and pricing process or you can use something like UDA.

Insurance 48

Insurance Construction Accounting Claims 48

Contractor Bookkeeping

JANUARY 2, 2015

If you are thinking of doing your own construction bookkeeping think again, your time is more valuable in managing your business, getting customers and keeping them happy. Estimating Process - There is no one right answer. You can develop your own estimating and pricing process or use a software estimating program like UDA.

Construction 48

Construction Insurance Accounting Claims 48

Autodesk Construction Cloud

AUGUST 12, 2021

But the latest innovations in construction project management software provide an exciting level of financial clarity—especially useful to connect project finances to accounting decision-makers. You can then multiply the number of days you’ll have the crew on the project. . Project progress is rarely linear.

Accounting 52

Accounting Software Software FASB 52

Autodesk Construction Cloud

JUNE 10, 2022

Since there are so many teams involved in this stage, the problem is rampant in many projects. Whether it’s bidding, estimation, or qualifying subcontractors, there are a few too many cooks in the kitchen. This will reduce risk and improve efficiencies during project planning and execution. Submittals.

Construction 52

Construction Management BIM Project Management 52