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40+ Fresh Product Releases You Should Know in January

Autodesk Construction Cloud

Correspondence | Correspondence Types** – Users can now better organize and standardize their project Correspondence. Takeoff | Copy/Paste Takeoff Between Packages – Takeoff packages are a great way to organize quantification data based on the specific scope of work or bid package.

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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. The same is true for mechanical contractors. 5) Material Planning & Document Management. Building Software.

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5 Ways to Prepare for New Revenue Recognition Standards

Viewpoint Construction Technology

When implemented properly, they offer improved cash flow and better accounting insight, which benefits contractors and customers. All of this should make the industry more streamlined in the way money flows and work gets done,” says Wayne Newitts, director of strategic partnerships at Viewpoint.

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Data Analytics Trends in Construction

Viewpoint Construction Technology

And true data analytics is more than just tracking traditional job costs and cash flow. Closely tracking things like job costs, change orders, material and equipment usage and worker productivity from your projects can help better forecast future work and lead to smarter bidding. Bidding Smarter and Winning More Work.

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Construction Financial Reporting – Why It’s Important and How To Do It

cnstrctr

The second reason is for cash flow. A project that doubles in value will have a significantly different impact on the organization. These reports should summarize the overall budget, potential change orders, cash flow, risks and more. Providing a cash flow graph should be mandatory in every report.

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Why Projects Fail

Job Order Contracting

The ability to successfully account for and manage change during a project lies in an organization’s leadership and level of maturity relative to its strategies, processes, goals, and resources. Mature organization don’t react to change, they address change according to their programmatic process.

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Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

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. Other common reports bonding agents will look at include income statements, balance sheets, statements of cash flow, and job specific invoice aging reports. change orders.

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