Viewpoint Construction Technology

OCTOBER 23, 2018

Construction sites these days have no shortage of data: design and BIM data from the planning stages of a project, jobsite data collected by wearables, mobile devices and sensors on equipment/materials, accounting and job progress data from the office, project management data and much more. Diving Deeper into Construction Data.

Construction 217

Construction Software Software Cash Flow 217

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

Contractor Bookkeeping

NOVEMBER 3, 2012

You have what appears to be a high profit job and now you are thinking you have it made and I hope you are right! The most common situation is when a residential remodel contractor who has built a reputation and a substantial company generating profits of 15% or more decides to start building custom homes. The Solution.

Profitability 49

Profitability Bankruptcy Contractors Remodeling 49

Construction Business Owner

APRIL 26, 2012

Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. Just about every contractor has been there — a project starts out strong but, as it moves forward, delays and incidental added work and changes knock dollars and cents off of the bottom line. Stay on Top of Changes.

Change Orders 120

Change Orders Construction Profitability 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

Contractor Bookkeeping

AUGUST 30, 2013

We Serve Several Highly P rofitable Construction Companies and some not as profitable ones. The differences in operations between the two groups are very small and yet the profit picture is massively different. Job Material Inventory Costs. Change Order Management. Material Staging. Percentage Of Completion.

Profitability 48

Profitability Contractors Accounting Cash Flow 48

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. They manage multiple projects, purchase a large quantity of materials, and work with a variety of subcontractors and vendors. Process Change Orders Quickly. Most construction orders begin with a contract. Automate P2P.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. They manage multiple projects , purchase a large quantity of materials, and work with a variety of subcontractors and vendors. Process Change Orders Quickly. Most construction orders begin with a contract. Automate P2P.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52

Contractor Bookkeeping

OCTOBER 4, 2013

There are a number of people who pass out advice on how to start a profitable construction company; however, very few have actually done it and fewer still had a clear understanding of where they were making or losing money and fewer yet have ever gotten past the point of owning a J.O.B. Starting Or Re-Starting A Construction Company Is Easy.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Construction Business Owner

OCTOBER 26, 2011

I know from my days as a general contractor that plans and specifications are altered continuously as subcontractors become involved, materials are changed, and change orders are issued. change orders. Rarely does a finished project exactly mirror the original plans. January 2009. December 2008. August 2008.

Construction 159

Construction Software Software Bidding 159

Contractor Bookkeeping

MARCH 9, 2013

Tracking change orders in QuickBooks for Contractors for each job. Double checking to make sure the contractor gets paid for all change orders. Enter purchases of material, supplies, equipment rental, tools and other items. Organize loose materials. Collecting a job deposit before the work starts.

Contractors 48

Contractors Cash Flow Banking Change Orders 48

Construction Business Owner

AUGUST 30, 2011

Built-in AIA billings, time and material and unit price billings, project management, equipment tracking, service dispatch, scheduling and dashboards for specific performance reporting are just a few of the other perks that construction-specific systems can offer. change orders. Other Construction Features. January 2009.

Construction 168

Construction Software Software Accounting 168

ProcurementExpress.com

JANUARY 2, 2019

In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. 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. Let me tell you about Construction’s Secret Weapon.

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

Contractor Bookkeeping

JULY 18, 2012

The difference between a Professional Bookkeeping Service and a Cheap Bookkeeper can cost you tens of thousands of dollars a year or more on your bottom line profit. There is only one method that will help manage cash flow and save money on taxes and we know how to do it and track it for you in QuickBooks.

Electrical 48

Electrical Contractors Cash Flow Commissioning 48

Construction Business Owner

MAY 17, 2012

But on construction sites, where change is the desired goal each day, building ergonomic work stations is very difficult. I think the main areas we need to concentrate on in the construction industry and ergonomics are the hand and power tools workers utilize, material handling equipment, employer and employee training. change orders.

Construction 120

Construction Software Software Injury 120

Contractor Bookkeeping

JULY 18, 2012

The difference between a Professional Bookkeeping Service and a Cheap Bookkeeper can cost you tens of thousands of dollars a year or more on your bottom line profit. We Know How To - Do the bookkeeping and reports for you no matter how you charge: Time and Material, Flat-Rate, Cost Plus, Not-To-Exceed and several other methods.

Contractors 48

Contractors Cash Flow Commissioning Work in Progress 48

ProcurementExpress.com

JANUARY 2, 2019

In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. 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. That’s accounting’s job, right? Well, not exactly.

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

Contractor Bookkeeping

SEPTEMBER 27, 2013

You Need Reports You Can Trust - Because the truth about owning a construction company is you have to make decisions and you need good solid reliable financial reports, Profit and Loss, Balance Sheet, Job Costing, Job Profitability reports and most importantly the Five Key Performance Indicators (KPI) to help you make the best decisions.

Banking 49

Banking Change Orders Accounting Cash Flow 49

Construction Business Owner

OCTOBER 20, 2011

With the remote capabilities we have today, performing administrative tasks, placing orders for materials, or even approving changes can be completed nearly anywhere. change orders. He was thrilled the day he told the payroll clerk he would email the time cards, and they would be there in minutes. January 2009.

Construction 136

Construction Software Software Project Management 136

Construction Business Owner

MAY 17, 2012

It’s kind of like having my tools and materials stored in my shop. change orders. One key issue to consider is data security. Onsite Hosting and Security. Many people are nervous having their data outside the walls of their company. It just feels better having my stuff where I can see it and know it’s there. January 2009.

Construction 120

Construction Software Software Security 120

Construction Business Owner

MARCH 22, 2012

Once you have names in your database, you can use what you know about them to send out relevant marketing materials. change orders. Part of marketing is getting your name recognized, but marketing is more effective when you know something about your contacts. Return on Marketing Investment. January 2009. December 2008.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

APRIL 4, 2011

As part of the team of people that assemble raw materials into a facility, we have to be able to answer this question. change orders. Certainly property can be considered an “investment”, but a client is just in asking what exactly will this new building do for me? Better yet, what will you, Mr./Mrs. January 2009.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

JANUARY 2, 2015

The idea was you would do all the work they would get half the profits and you politely refused, or not? Tax Advantages For LLC or a Sub S - If you do not setup your corporation correctly the profit or loss from your business will be passed through to the owners as normal income. 20% Of The Contractors Earn And Keep 80% Of The Profits.

Construction 48

Construction Insurance Accounting Claims 48

Job Order Contracting

DECEMBER 13, 2020

Organizations that do not implement and continuously import upon a program-based approach, under which all projects a planned, procured, and executed, suffer from unclear objectives , shifting requirements , unrealistic schedule s, and reactive planning , Poor planning and poor change management impede individual project successes.

Project Management 162

Project Management Capterra Organization Management 162

Contractor Bookkeeping

JUNE 20, 2014

You do all the work they get half the profits and you politely refuse. Tax Advantages For LLC or a Sub S - The profit or loss from your business is passed through to the owners as normal income. Your contracts need a well-defined scope of work, clear payment terms, a reasonable schedule and a good change order clause.

Insurance 48

Insurance Construction Accounting Claims 48

Contractor Bookkeeping

JUNE 15, 2012

You do all the work they get half the profits and you politely refuse. Tax Advantages For LLC or a Sub S - The profit or loss from your business is passed through to the owners as normal income. Your contracts need a well-defined scope of work, clear payment terms, a reasonable schedule and a good change order clause.

Contractors 48

Contractors Insurance Claims Lien 48

Autodesk Construction Cloud

DECEMBER 2, 2021

This can affect everything from the bidding process to change order management, your team’s efficiency, and ultimately, your bottom line. Effective cost management sets the standard for all project costs and affects all phases of a project including planning, design, estimation, change orders, and specialty contractors.

Management 52

Management Change Orders Construction Budgeting 52

Autodesk Construction Cloud

MAY 5, 2023

As a result, the technology tools available often stifled collaboration between these external stakeholders, who had limited access to key budget and profitability information, which makes it very hard to run a successful business. Write data to Autodesk Construction Cloud; this includes change orders, observations, and coordination issues.

Office 52

Office Autodesk Accounting Project Management 52

Autodesk Construction Cloud

AUGUST 12, 2021

Instead of operating from a fixed location with a fixed set of products or services, construction projects rely on a range of locations, materials, and services. In this practice, each project functions as its own entity with profits and losses. . For example, direct material costs can include items like concrete and steel.

Accounting 52

Accounting Software Software FASB 52

Autodesk Construction Cloud

JUNE 10, 2022

While construction workflows can bring huge boons to your company, that’s only if they’re well thought out, understood by every member of the team, and relevant to all processes, methods and materials. For instance, a typical construction project can have dozens of change orders.

Construction 52

Construction Management BIM Project Management 52

Contractor Bookkeeping

JULY 18, 2012

They could do a fine job, the only question is how long would it take and would you be able to charge the homeowner enough to make a substaintial profit? The difference between a Professional Bookkeeping Service and a Cheap Bookkeeper can cost you tens of thousands of dollars a year or more on your bottom line profit.

Cash Flow 48

Cash Flow Remodeling Profitability Banking 48

Construction Cost Estimating

FEBRUARY 21, 2012

Besides the project management software also generates executive level reporting for a single job or across all projects, field administration like punch list tracking and daily report logs, change order management and purchase order management. Material Estimate Sheets. Material Takeoff Sheet for Excel Sheet.

Project Management 40

Project Management Software Software Accounting 40