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Beware the Cash Flow Manager!

PSMJ Resources

PSMJ Founder Frank Stasiowski often reminds us that firms do not die from lack of profits, rather they die from lack of cash. Frank is suggesting that his A/E firm clients use a Sources and Uses of Cash statement instead of a P&L statement to help them through cash-strapped times.

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Essential Construction KPIs to Improve Profits and Productivity

Autodesk Construction Cloud

Below, let’s discuss the importance of construction KPIs and critical metrics your company should be measuring to affect profits and productivity. Similarly, although basic construction project metrics concern costs and time, profit isn’t the only performance issue to measure. Key Takeaways. Check in on Your KPIs.

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Construction Business Owner Blogs

Construction Business Owner

Jim is a senior consultant with FMI and specializes in building profits by developing tailored operations strategies for his clients. If leadership success was measured only on profitability, then there were certainly many “great leaders” sitting in the CEO position of many contracting companies. February 2009. January 2009.

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Free Customizable Construction Accident Prevention Programs

Contractor Bookkeeping

There are an infinite number of reasons why most construction companies do not generate a minimum 20% net profit and a six figure after tax income for the owners. When good stuff goes into your QuickBooks or Xero Accounting Online good reports come out that you can rely upon to make intelligent decisions which can lead to nice profit margins.

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PSMJ Resources Blog: PSMJ Resources Inc. Announces 2011.

PSMJ Resources

the premier management consulting firm for the A/E/C (architecture/engineering/construction) industries, distributed its annual PSMJ Circle of Excellence and Premier Award for Client Satisfaction Awards for 2011. Alfred Benesch & Company Atlantic Coast Consulting, Inc. GBBN Architects Geosyntec Consultants, Inc.

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PSMJ Resources Blog: Do Small Projects Need Schedules?

PSMJ Resources

2) Scheduling serves as the foundation for cash flow plans. The project schedule defines when the firm is using cash and when. cash flow plan to the start and completion of schedule milestones in. quality, speed, and profitability. Scarlett Consulting. Business Presentations. Ford Harding blog.

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PSMJ Resources Blog: Effective Project Managers Need Authority

PSMJ Resources

This includes outside agencies, subcontractors, and consultants who must be roused to perform at their utmost in the client’s interest. The PM must understand finance and serve as the last bastion of the firm’s cash flow picture. • Make the planned profit on every job. Scarlett Consulting.