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

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 48

Profitability Cash Flow Accounting Construction 48

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. Choose projects with profitable estimates.

Cash Flow 59

Cash Flow Management Profitability Change Orders 59

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. This allows you to maximize cash flow without having to pay for additional software (well, unless you’re mailing out paper invoices and waiting for checks to come in). Process Change Orders Quickly. Automate P2P.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68

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

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.

Profitability 48

Profitability Bankruptcy Contractors Remodeling 48

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

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. This allows you to maximize cash flow without having to pay for additional software (well, unless you’re mailing out paper invoices and waiting for checks to come in). Process Change Orders Quickly. 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

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 159

Construction Software Software Bidding 159

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 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. Banks are attracted to profitable business. change orders. www.dexterchaney.com. August 2008.

Banking 120

Banking Construction Cash Flow Finance 120

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

Autodesk Construction Cloud

DECEMBER 18, 2021

The final days of a project have a huge impact on your overall profitability and success—as the saying goes, projects are remembered not by how they start but how they finish. The right construction closeout plan, starting well before actual closeout, is essential to a seamless client handover. Not so fast. Key Takeaways.

Change Orders 52

Change Orders Documentation Equipment Risk 52

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

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

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 136

Construction Documentation Software Software 136

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 149

Construction Software Software Accounting 149

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. You need to know which jobs are most profitable and how to get more of them. to the bottom line profit. in reduced waste adds $1.00

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. You need to know which jobs are most profitable and how to get more of them. to the bottom line profit. in reduced waste adds $1.00

Contractors 48

Contractors Cash Flow Profitability Remodeling 48

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

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

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

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 136

Construction Insurance Software Software 136

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 136

Construction Software Software Accounting 136

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 136

Construction Software Software Accounting 136

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

NOVEMBER 17, 2011

If both the owning and operating costs for a piece of equipment are exactly what you planned for, then the “dot” for that piece would be placed in the center of the graph. This in turn lets the estimators use equipment rates that are spot on when estimating forthcoming work, which helps to get new work, and bring that work in profitably.

Construction 136

Construction Software Software Equipment 136

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 149

Bidding Construction Documentation Software 149

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 136

Construction Software Software Foundation 136

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 136

Construction Software Software Project Management 136

Construction Business Owner

MARCH 8, 2012

Step 2: Make a plan and figure out the data you need to collect. change orders. But the point here is that contractors are often already sitting on a wealth of data just waiting on the right structure to turn it into useful information. Successful Construction Data. So let’s recap…. Step 1: Know what you’re trying to figure out.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

FEBRUARY 23, 2012

Most providers can create a plan to meet your needs, not to mention budget. change orders. For most companies, security isn’t a primary function, but it is necessary. To keep your data secure, you might want to consider outsourcing the security functions. January 2009. December 2008. November 2008. October 2008. September 2008.

Security 120

Security Construction Software Software 120