Construction Business Owner

APRIL 1, 2011

Healthy Competition » Free Webinar on Reducing Profit Fade. 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.

Cash Flow 120

Cash Flow Construction Software Software 120

Construction Business Owner

OCTOBER 26, 2011

While there are numerous reasons to change software applications, there are two that regularly come up in our discussions with prospective clients: cash flow control and project cost control. Back to Cash Flow. What other problems do you consider when deciding if it’s time to switch your software?

Cash Flow 120

Cash Flow Construction Software Software 120

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

Construction Business Owner

OCTOBER 14, 2011

« A Change (Order) for the Better? Judging Tipis » Some Advice on Change Orders. I was talking with John Chaney this week, and he mentioned that he was going to blog about how change orders affect construction management. He replied, “Well, that depends on the project manager.”.

Change Orders 120

Change Orders Construction Software Software 120

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

Construction Business Owner

NOVEMBER 3, 2011

For example, you might require project management, but if you do a quick search, you’ll find there are numerous project management solutions that range from simple to complex. Job Cost & Cash Flow. Committing Intentional Project Communications. change orders. construction management.

Cash Flow 120

Cash Flow Construction Software Software 120

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. Supply Chain Management Costs. Change Order Management. Job Material Inventory Costs.

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. 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. Speed Up Receivables.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68

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

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 161

Project Management Capterra Organization Management 161

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 document management results in overpaying taxes.

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. 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. Speed Up Receivables.

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. Construction Project Manager PMP.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Construction Business Owner

MAY 24, 2012

And for good reason, since the way accounting and business management use software is much different from the way construction operations and project management use it. Committing Intentional Project Communications. Better Project Management through Better Communication. change orders.

Construction 120

Construction Software Software Iowa 120

Construction Business Owner

AUGUST 18, 2011

Other common reports bonding agents will look at include income statements, balance sheets, statements of cash flow, and job specific invoice aging reports. Committing Intentional Project Communications. Better Project Management through Better Communication. change orders. construction management.

Cash Flow 169

Cash Flow Software Software Accounting 169

Construction Business Owner

DECEMBER 20, 2011

Committing Intentional Project Communications. Better Project Management through Better Communication. change orders. construction management. construction management software. document management. Management. project collaboration. project management. January 2009.

Software 120

Software Software Construction Accounting 120

Construction Business Owner

SEPTEMBER 27, 2011

If a business is unprofitable in 2011, and has no taxable income to use the deduction, that business can elect to use 100% Bonus Depreciation and carry-forward to a year when the business is profitable. Committing Intentional Project Communications. Better Project Management through Better Communication. change orders.

Construction 181

Construction Software Software Accounting 181

Construction Business Owner

MARCH 1, 2012

Collaborating on Cash flow » The Year of Mobile Technology? Committing Intentional Project Communications. Better Project Management through Better Communication. change orders. construction management. construction management software. document management. Management.

Mobility 120

Mobility Cash Flow Construction Software 120

Construction Business Owner

JANUARY 18, 2012

Querying different type of jobs in job costing to look at profitability by type. Committing Intentional Project Communications. Better Project Management through Better Communication. change orders. construction management. construction management software. document management.

Construction 169

Construction Software Software Accounting 169

Construction Business Owner

FEBRUARY 16, 2012

When you approach your chosen lender(s), be open about your financial situation, including any typically slow work and cash-flow periods. Banks are attracted to profitable business. Committing Intentional Project Communications. Better Project Management through Better Communication. change orders.

Banking 120

Banking Construction Cash Flow Finance 120

Construction Business Owner

OCTOBER 20, 2011

« Some Advice on Change Orders. Last week I had the privilege of attending the annual leadership conference of the Construction Financial Management Association (CFMA). The CFMA was formed around the common business problems of construction and of financial management. Committing Intentional Project Communications.

CFMA 120

CFMA Construction Software Software 120

Construction Business Owner

JANUARY 31, 2012

Committing Intentional Project Communications. Better Project Management through Better Communication. change orders. construction management. construction management software. document management. Management. project collaboration. project management. January 2009.

Construction 185

Construction Software Software Accounting 185

Construction Business Owner

MAY 29, 2012

Committing Intentional Project Communications. Better Project Management through Better Communication. change orders. construction management. construction management software. document management. Management. project collaboration. project management. January 2009.

Construction 120

Construction Software Software Cash Flow 120

Construction Business Owner

JUNE 29, 2012

Public Exposure and Liability on Construction Sites » Better Project Management through Better Communication. Last week, I discussed three important areas of project management and ended by briefly discussing project communication – or the glue to a project. change orders. Management.

Construction 136

Construction Documentation Software Software 136

Construction Business Owner

NOVEMBER 8, 2011

Committing Intentional Project Communications. Better Project Management through Better Communication. change orders. construction management. construction management software. document management. Management. project collaboration. project management. January 2009.

Construction 175

Construction Software Software Accounting 175

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. Committing Intentional Project Communications. change orders.

Construction 160

Construction Software Software Bidding 160

Construction Business Owner

MAY 7, 2012

« Staying Focused in the Fight Against Profit Fade. Committing Intentional Project Communications. Better Project Management through Better Communication. change orders. construction management. construction management software. document management. Management. January 2009.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

APRIL 19, 2012

Staying Focused in the Fight Against Profit Fade » Connecting in Construction. Committing Intentional Project Communications. Better Project Management through Better Communication. change orders. construction management. construction management software. document management.

Construction 120

Construction Software Software Conference 120

Construction Business Owner

SEPTEMBER 28, 2011

Committing Intentional Project Communications. Better Project Management through Better Communication. change orders. construction management. construction management software. document management. Management. project collaboration. project management. January 2009.

Construction 120

Construction Software Software Cash Flow 120

Construction Business Owner

APRIL 5, 2012

With every project, no matter how big or small, there is always risk – risk of injury, financial responsibility, or quality assurance. And risk can be a profit center, since insurance companies obviously make money. Committing Intentional Project Communications. Better Project Management through Better Communication.

Risk 120

Risk Insurance Construction Software 120

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. Committing Intentional Project Communications. change orders.

Construction 169

Construction Software Software Accounting 169

Construction Business Owner

MARCH 11, 2011

Free Webinar on Reducing Profit Fade » Game Changers. Committing Intentional Project Communications. Better Project Management through Better Communication. change orders. construction management. construction management software. document management. Management. foundation.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

APRIL 2, 2011

« Free Webinar on Reducing Profit Fade. Committing Intentional Project Communications. Better Project Management through Better Communication. change orders. construction management. construction management software. document management. Management. project collaboration.

Construction 160

Construction Software Software Accounting 160

Construction Business Owner

JULY 12, 2012

An effective approach to sharing project documents must include a way to ensure that everyone is using the same (and latest) version, and that there is structure to the way the documents are presented – so folks like my electrical contractor friend can quickly find the information that matters to them. change orders. Management.

Construction 137

Construction Documentation Software Software 137

Construction Business Owner

DECEMBER 9, 2011

Some project managers tend to think of safety in the workplace as one of those things that we do “when we get a chance.” In fact, project managers should worry about implementing more safe practices because it can affect the way they bid on jobs. Committing Intentional Project Communications. change orders.

Construction 137

Construction Insurance Software Software 137

Construction Business Owner

OCTOBER 12, 2011

A Change (Order) for the Better? Committing Intentional Project Communications. Better Project Management through Better Communication. change orders. construction management. construction management software. document management. Management. project collaboration.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

DECEMBER 6, 2011

Committing Intentional Project Communications. Better Project Management through Better Communication. change orders. construction management. construction management software. document management. Management. project collaboration. project management. January 2009.

Construction 195

Construction Software Software Accounting 195