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

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

Autodesk Construction Cloud

JUNE 8, 2023

When you stay on top of project planning and design from the beginning (i.e., Doing so enables you to eliminate potential change orders and pay applications, ultimately leading to better cash flow. How do you accomplish this? Start by integrating your processes and tools for implementing 2D and 3D takeoffs.

Profitability 98

Profitability Bidding Estimating Risk 98

cnstrctr

JULY 1, 2019

The second reason is for cash flow. These reports should summarize the overall budget, potential change orders, cash flow, risks and more. Staff Forecast – if you’re part of a larger company staff planning is important. Providing a cash flow graph should be mandatory in every report.

Cash Flow 60

Cash Flow Forecasting Construction Contract 60

Viewpoint Construction Technology

APRIL 17, 2018

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.

Accounting 189

Accounting Contract Viewpoint Cash Flow 189

Construction Business Owner

OCTOBER 26, 2011

Rarely does a finished project exactly mirror the original plans. 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. January 2009. December 2008.

Construction 160

Construction Software Software Bidding 160

Construction Business Owner

APRIL 26, 2012

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. For every phase you finish under budget, there may be an unexpected problem waiting to wipe out any savings that you’ve planned and budgeted for. change orders.

Change Orders 120

Change Orders Construction Profitability Software 120

Autodesk Construction Cloud

DECEMBER 18, 2021

The right construction closeout plan, starting well before actual closeout, is essential to a seamless client handover. Problems like delayed change orders, poor communication and lost paperwork may make it harder to close out a project on time. Your Project Closeout Plan Will Make or Break Your Project. Key Takeaways.

Change Orders 52

Change Orders Documentation Equipment Risk 52

Contractor Bookkeeping

JUNE 18, 2013

Not using Additional Work Orders or Change Orders (Click For FREE Change Order Template). Cash flow issues kill contractors even though they have profit. Changes in their operations due to contingencies beyond their control. Poor scheduling affects production and cash flow.

Cash Flow 48

Cash Flow Construction Change Orders Contractors 48

Pro Builder

APRIL 13, 2021

During that time, he has operated as a one-man management department, handling the entire construction process—purchasing, selections, permits administration, change orders, accounting, and the rest through to warranties—on upwards of 80 homes! Planning + Development. Planning + Development. It’s that simple!”.

Profitability 52

Profitability Products Software Software 52

Construction Business Owner

FEBRUARY 16, 2012

Lines of credit are meant to be a short-term cash solution while you’re waiting for accounts receivable to come in. Plan to use the funds for basic operational items — not capital purchases, such as construction equipment. change orders. Other alternatives – Banks aren’t the only source of funding out there. January 2009.

Banking 120

Banking Construction Cash Flow Finance 120

Construction Business Owner

JANUARY 31, 2012

While some of your company’s corporate image will come about naturally based on the work that you do and the manner in which you do it, companies that have a specific plan in place to create a corporate image have much more control over how they are perceived. change orders. January 2009. December 2008. November 2008.

Construction 185

Construction Software Software Accounting 185

Construction Business Owner

MAY 29, 2012

With so many sources of information, it’s never been more important to take charge and develop a business information plan. change orders. Many contractors haven’t taken advantage of digital document solutions, and the ones that have are still dealing with high volumes of data. This places a strain on operational efficiencies.

Construction 120

Construction Software Software Cash Flow 120

Construction Business Owner

JULY 12, 2012

For example do you know how easily your project team can access construction plans and specs? Or if everyone is aware of the project changes and issues that affect their work? So focusing on a plan to improve project document management is a great start to better project communications. change orders. January 2009.

Construction 137

Construction Documentation Software Software 137

Construction Business Owner

MAY 31, 2011

ROPE stands for Research, Organize, Plan, and Execute. The planning phase begins when our analyst designs the application from the user’s perspective. change orders. At Foundation Software, we try to avoid inmate takeovers by first assigning a lead analyst to oversee design for each project. January 2009. December 2008.

Construction 150

Construction Software Software Accounting 150

Construction Business Owner

NOVEMBER 3, 2011

Rather than learning about the project in a “drive by” data dump hours before mobilization, the superintendent has becomes an instrumental cog in the preconstruction planning process. change orders. There are innumerable tangible and intangible benefits to adding field expertise input to the preconstruction process. August 2008.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

JANUARY 5, 2012

Check out McGraw Hill’s Dodge Plan Center and their Network Express site. There are also local, regional and even national plan centers that have bidding project information that might help. In the meantime, keep in mind that spending a little time planning now can pay off in increased efficiency and better job performance later.

Construction 120

Construction Bidding Software Software 120

Job Order Contracting

DECEMBER 13, 2020

First and foremost is important to understand that all projects are exercises in managing change. The fact that variation is going to occur (relative to planned activities and outcomes) during the project is a given. matter how well-planned your project is, lack of visibility can lead quickly to failure. ORGANIZATIONAL MATURITY.

Project Management 161

Project Management Capterra Organization Management 161

Construction Business Owner

JANUARY 10, 2012

Second, get your processes in order. Create a plan that makes sense. change orders. The second part means getting rid of people who do not fit these requirements. As hard as that may be, having the right people in place will increase simplification. In the mid 1990’s when my company was growing, I hired a president.

Construction 175

Construction Software Software Accounting 175

Building Information Management

JANUARY 15, 2016

Any large build portfolio owner who doesn’t have the ability to strategically plan, construction cost estimate, review contractor bids, conduct mutual site walks, monitor construction project in a transparent and consistent manner, etc.

Management 40

Management Renovating Cash Flow Life Cycle 40

Construction Business Owner

OCTOBER 10, 2011

They are the ones who take the time to reflect and engage in strategic planning–and perhaps most importantly understand how to crunch the numbers. change orders. What I can tell you is encouraging: There are contractors who are succeeding in this economic climate. January 2009. December 2008. November 2008. October 2008.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

DECEMBER 9, 2011

The more accidents and safety violations you have on a job, the more the job is going to cost; and the last time I checked you can’t submit a change order just because your team got hurt on the job! change orders. Another reason to look at cost savings through safety improvement is to keep overall job costs down.

Construction 137

Construction Insurance Software Software 137

Construction Business Owner

MARCH 6, 2011

Better yet, what would you do if you suddenly found more work than you planned on? To the contrary, planning such as this allows you a dashboard into your business that your competitors that don’t do this type of testing won’t have. change orders. We can never know too much about our business. January 2009.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

FEBRUARY 28, 2014

Not using Additional Work Orders or Change Orders (Click For FREE Change Order Template). Cash flow issues kill contractors even though they have profit. Changes in their operations due to contingencies beyond their control. Poor scheduling affects production and cash flow.

Profitability 48

Profitability Contractors Cash Flow Accounting 48

Contractor Bookkeeping

JUNE 19, 2013

We are happy to be able to offer free Invoice templates, free Change Order templates and free estimate templates to construction contractors and other business owners to help them grow their sales and profits and have better lives for their families. Change Orders are a huge source of new profit. Click here.

Profitability 49

Profitability Cash Flow Accounting Construction 49

Contractor Bookkeeping

NOVEMBER 3, 2012

The problem is high profit jobs have a way of turning into low or no profit jobs and in some cases they can bankrupt your construction company because you bid the project using whatever model you are accustomed to using and in the end you wind up with cash flow problems. Residential Remodel Contractor Building A Home.

Profitability 49

Profitability Bankruptcy Contractors Remodeling 49

Construction Cost Estimating

APRIL 25, 2019

It focuses on the need of the contractor ranging from quantity take-off, pricing and planning a project, controlling at the site level, analytical calculations, critical path planning, dynamic forecasting, Project cash flow through to the final certificate.

Bidding 40

Bidding Estimating Software Software 40

Construction Business Owner

APRIL 21, 2011

If they are not genuinely accepting of the change or its usage is over their heads, the technology, no matter how good, is likely to fail. You have the right people on board; so now give them a solid game plan to make this new technology work. change orders. Next, get the PROCESS hammered out. January 2009. December 2008.

Construction 137

Construction Software Software Accounting 137

Construction Business Owner

FEBRUARY 16, 2012

Sometimes, as you know, project documents can devote an entire plan sheet or spec section to a list of abbreviations and acronyms. change orders. The construction industry is no different. Acronyms are everywhere – RFI, CCD, EP, UNO, WDW, HSS and on and on. What exactly is IDP? January 2009. December 2008. November 2008.

Construction 137

Construction Software Software Accounting 137

Construction Business Owner

SEPTEMBER 13, 2011

PLAN AHEAD and have a Go Live date in mind. Then you can create a realistic implementation plan. But you can consider new software anytime, and the best way for you to figure out your going live date is to PLAN and give yourself plenty of time (the more the better!). change orders. January 2009. December 2008.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

JANUARY 12, 2012

Obviously to bid a job, you have to access the documents, which can be costly to say the least when you consider the costs of plan room memberships and purchasing and printing documents. change orders. When I was a general contractor, I sent out invitations to bid, but the communication didn’t end there. January 2009.

Bidding 150

Bidding Construction Documentation Software 150

Construction Business Owner

FEBRUARY 1, 2011

I dream about Foundation, and I make plans for its future. That’s not to say that they always turn out the way I plan. change orders. The challenge ahead is to make that leap from “Good-To-Great.”. Parents always dream of what their children will do, and I am no different. January 2009. December 2008. November 2008.

Construction 137

Construction Software Software Foundation 137

Contractor Bookkeeping

MARCH 16, 2013

Contractors invest a lot of time and energy to understand what their clients want and then they spend more time and energy preparing, planning and working to make their client's dreams come true. It seems like everyone is asking you to cut your prices, get everything for them at wholesale and does change orders for free.

Contractors 48

Contractors Cash Flow Profitability Remodeling 48

Contractor Bookkeeping

MARCH 16, 2013

Contractors invest a lot of time and energy to understand what their clients want and then they spend more time and energy preparing, planning and working to make their client's dreams come true. It seems like everyone is asking you to cut your prices, get everything for them at wholesale and does change orders for free.

Contractors 48

Contractors Cash Flow Profitability Remodeling 48

Autodesk Construction Cloud

JULY 8, 2021

Given the continually changing nature of construction projects, accurately managing and executing construction costs is critical to the project’s financial outcome. A key piece is having the ability to see and compare how much specific items or tasks cost so you can correctly forecast and manage cash flow. .

Construction 52

Construction Profitability Budgeting Budget 52

Construction Business Owner

FEBRUARY 2, 2012

Without good document management, you may lose emails, plans, sketches, and correspondence related to the issue. change orders. Do you have a process for organizing, storing and attaching all supporting documentation for an issue? Some, if not most issues revolve around document management and project team communication.

Construction 120

Construction Software Software Documentation 120

Construction Business Owner

OCTOBER 20, 2011

At the time, we still couldn’t see plans or email pictures back and forth, but the fact that we could call in a change or talk to someone in the office took hours off of the work week. We all know that, projects change constantly, which means your workers and your office need to be equipped with the most up-to-date information.

Construction 137

Construction Software Software Project Management 137