Construction Business Owner

MARCH 1, 2012

Data Security in the Cloud » Collaborating on Cash flow. The topic of cash flow never seems to get old – after all, sustained negative cash flow often results in slashing budgets, personnel, and in the worst cases shutting down of a company. Technology for Collaboration & Cash Flow.

Cash Flow 120

Cash Flow Construction Software Software 120

Levelset

JUNE 3, 2022

Construction contractors face potential loss with each project they take on. When a loss occurs, it can put a real crunch on a contractor’s cash flow. Project loss insurance has the potential to save contractors from devastating project losses, no matter the cause. Project loss insurance coverage.

Insurance 52

Insurance Cash Flow Claims Contractors 52

Lets Build

AUGUST 4, 2023

More to read: Why construction should stop thinking of software as a cost Effective collaboration Several teams are involved in construction project execution, including contractors, project managers, consultants, and clients. This includes blueprints, legal contracts, building codes, budget documents, proposals, bids, etc.

Software 78

Software Software Construction Budgeting 78

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. Signatures from both the client and contractor.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68

Lets Build

AUGUST 4, 2023

More to read: Why construction should stop thinking of software as a cost Effective collaboration Several teams are involved in construction project execution, including contractors, project managers, consultants, and clients. This includes blueprints, legal contracts, building codes, budget documents, proposals, bids, etc.

Software 78

Software Software Construction Budgeting 78

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. Signatures from both the client and contractor.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52

Viewpoint Construction Technology

OCTOBER 23, 2018

Many contractors are practically drowning in data and don’t have the right tools to parse and analyze the data in ways that would have meaningful impacts on their projects. We’ve heard our customers discuss it at both our Digital Contractor Roadshows and our Collaborate 2018 user conference this year. That, however, is changing.

Construction 226

Construction Software Software Cash Flow 226

Levelset

APRIL 7, 2022

Contractors often get a bad rap. While homeowners know they need a contractor to repair their house after a storm, complete a renovation, or build their dream home, they’ve heard the stories. They can come in expecting contractors to take advantage of them. 8 ways for contractors to build trust with a homeowner.

Contractors 52

Contractors Lien Education Housing 52

Viewpoint Construction Technology

NOVEMBER 5, 2018

Through site visits, inspections, compliance audits and education and advice sessions, the ABCC is able to closely observe contractors. For larger businesses, such sanctions can critically impact business cash flow in the short term and due to reputation damage, profitability into the long term. But most importantly….

Software 130

Software Software Management Construction 130

Pro Builder

JUNE 6, 2022

Over the last 10 years, the housing industry has been recovering from the Great Recession when single-family housing starts plummeted over 80% in three years and more than half of home building and trade contractor businesses went bust. They pay vendor invoices without any variance documentation. b) Allows for cash flow forecasting.

Management 52

Management Cash Flow Profitability Schedule 52

Contractor Bookkeeping

JULY 12, 2012

Remodel Contractors Have Unique Bookkeeping Needs : Not Just Any Bookkeeper Will Do - Too often remodel contractors hire the wrong bookkeeper mistakenly believing all bookkeepers are the same. There is only one method that will help manage cash flow and save money on taxes. Contractor Invoicing. Sales Tax Returns.

Remodeling 73

Remodeling Contractors Cash Flow Work in Progress 73

Autodesk Construction Cloud

JUNE 8, 2023

Implement centralized and connected bid management Bid management sometimes feels like a whirlwind, where you’re tasked to review a slew of projects and go over numerous documents and information. A connected bidding platform also simplifies how you manage field proposals from other contractors and subcontractors.

Profitability 98

Profitability Bidding Estimating Risk 98

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. document management. Add new tag. business development. change orders. cloud computing. communication.

Cash Flow 120

Cash Flow Construction Software Software 120

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. This is a trap contractors often fall into.

Cash Flow 59

Cash Flow Management Profitability Change Orders 59

Contractor Bookkeeping

JULY 27, 2012

Please feel free to share them with your friends, relatives and most importantly contractors as they will appreciate the humor and perhaps find value in the words of wisdom we are sharing. 80/20 Rule – 80% of a contractor’s wealth and wellbeing comes from 20% of their activities.

Contractors 63

Contractors Cash Flow Construction Accounting 63

Construction Business Owner

JANUARY 30, 2011

» Relationship between the designer and the contractor. One part of our industry that I simply cannot get my head around is the oftentimes adversarial relationship that exists between the building design professionals and the building contractors on a particular job. document management. My How You’ve Grown!

Contractors 120

Contractors Design Software Software 120

Best Practices Construction Law

DECEMBER 5, 2012

It may mean that you have kept adequate cash flow to complete the projects in the pipeline. According George Pontikes in the ENR article, "BIM was perfect for our firm, as it complemented the way we schedule projects and always stay on top of prices as plan documents change." " Learn how to adapt.

Cash Flow 48

Cash Flow Contractors Houston BIM 48

Contractor Bookkeeping

SEPTEMBER 13, 2013

If you are a contractor you are most likely a "doer", someone who gets things done, not now but right now! Cash flow and Profit is not accident, it is a result of deliberate action. None of my contractor friends who are in debt up to their ears do it. ( Business Plans Stir Up Debate! Business Plan Pros Vs. Cons.

Plans 48

Plans Contractors Cash Flow Profitability 48

Contractor Bookkeeping

FEBRUARY 10, 2014

Contractors Should Use Reseller Permits When Buying Items For Resale. Construction Companies - In Washington State contractors selling material (as part of your service) is a taxable event. This can be copied and mailed / emailed to your major suppliers and sub-contractors. Who is the customer? When is sales tax paid?

Certification 49

Certification Washington Contractors Cash Flow 49

Contractor Bookkeeping

SEPTEMBER 25, 2013

When You Hire A 1099 Contractor They May. Having a contractor’s license is not proof enough you are a business verses an employee. If you hire a 1099 Contractor (Specialty or Trade Contractor) they just become your employee in the eyes of the tax agencies. When a being a licensed contractor is just not enough!

Contractors 49

Contractors Cash Flow Washington Compensation 49

Contractor Bookkeeping

FEBRUARY 28, 2014

If you are like most construction contractors your dream has turned into a bit of a nightmare which you cannot seem to wake up from. Perhaps it is time for you to experience: The Contractor Paradigm Shift! We sincerely care about all contractors and want to do our part to help and support you.

Profitability 48

Profitability Contractors Cash Flow Accounting 48

Construction Business Owner

JULY 12, 2012

Project Document Management : Your Communication Strategy. Because some very specific documents are created and used throughout the life of a typical construction project, these documents can serve as the center of your communications strategy. Let’s look at a few important improvements that most contractors can make.

Construction 137

Construction Documentation Software Software 137

Contractor Bookkeeping

AUGUST 4, 2014

Ever Wonder Why Some Competitors Seem To Have More Cash Flow And Profit Than You? Earning enormous amounts of cash and profits in any business is simple, not easy, but simple if you know what to do. Joe The Plumber''s Story: I met a plumbing contractor in the mid 1970''s who was very profitable. a minute plus $99.00

Profitability 49

Profitability Contractors Accounting Documentation 49

Construction Business Owner

AUGUST 18, 2011

Many State and Federal projects require a contractor to be bonded. 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. This report illustrates how a contractor bills a client versus the work they have actually completed. document management.

Cash Flow 169

Cash Flow Software Software Accounting 169

Construction Business Owner

JUNE 29, 2012

Contractors need to proactively evaluate and address how project teams – including subs and vendors – are communicating. Consider these three vital areas: Construction Project Documents: How do you move documents through your organization? When documents are created or modified, are the appropriate people notified?

Construction 136

Construction Documentation Software Software 136

cnstrctr

JULY 1, 2019

Contractors charge fee on a project, and that fee is intended to go into the business. The second reason is for cash flow. 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.

Cash Flow 60

Cash Flow Forecasting Construction Contract 60

Contractor Bookkeeping

DECEMBER 20, 2013

Bill.Com Setup With The Unique Needs Of Construction Contractors. In the end we believe Bill.Com is still a worthwhile investment because of the time savings and increased cash flow.). Bill.Com Works With Xero Accounting Online And QuickBooks Desktop In The Cloud. Visit [link] to learn more.

Contractors 48

Contractors Accounting Cash Flow Construction 48

Construction Business Owner

JULY 26, 2012

With web-based software, these mobile devices are capable of running complete versions of a company’s enterprise software, resulting in real-time information flowing freely from the field to the office and a true collaborative environment. Contractors and software vendors alike keep looking for better ways to connect the two.

Software 137

Software Software Construction Documentation 137

Contractor Bookkeeping

JULY 28, 2014

Payment Applications For Residential Remodel & Commercial Tenant Improvement Contractors. This is a FREE form we developed for our handymen and trade contractors to use on the jobsite and at their office because invoicing in QuickBooks can be difficult. And we use them as source documents for bookkeeping entries.

Contractors 49

Contractors Change Orders Accounting Cash Flow 49

Contractor Bookkeeping

JULY 18, 2012

Electrical Contractors Have Unique Bookkeeping Needs : Not Just Any Bookkeeper Will Do - Too often electrical contractors hire the wrong bookkeeper mistakenly believing all bookkeepers are the same. Electrical Contractors - Need people trained in construction bookkeeping not someone with experience in regular bookkeeping.

Electrical 48

Electrical Contractors Cash Flow Commissioning 48

Construction Business Owner

MAY 29, 2012

Contractors in today’s marketplace are caught in the middle of a paper and paperless culture. Many contractors haven’t taken advantage of digital document solutions, and the ones that have are still dealing with high volumes of data. document management. Managing this information overload can be difficult. Add new tag.

Construction 120

Construction Software Software Cash Flow 120

Construction Business Owner

FEBRUARY 16, 2012

» Contractors Seeking Credit Should Prepare to be Prepared. Bank lines of credit are lifelines for many contractors, yet convincing a bank to provide or renegotiate a line of credit is not easy. Bring all your financial documents to the initial meeting. document management. Projected future earnings. Add new tag.

Banking 120

Banking Construction Cash Flow Finance 120

Contractor Bookkeeping

JULY 18, 2012

Plumbing Contractors Have Unique Bookkeeping Needs : Not Just Any Bookkeeper Will Do - Too often plumbing contractors hire the wrong bookkeeper mistakenly believing all bookkeepers are the same. Plumbing Contractors - Need people trained in construction bookkeeping not someone with experience in regular bookkeeping.

Contractors 48

Contractors Cash Flow Commissioning Work in Progress 48

Construction Business Owner

JANUARY 12, 2012

Document Management. With the current levels of detail required by industry standards, code compliance and also by the different disciplines, the number of documents required for a project is huge. Keeping track of what’s current in that huge set of documents and making sure others on your team are using current documents are critical.

Bidding 150

Bidding Construction Documentation Software 150

Construction Cost Estimating

NOVEMBER 8, 2013

Textura —CPM very useful for both General Contractors as well as Subcontractors to enhance their workflow and reduce unnecessary steps in the construction payment process. Thus the system makes a significant time savings for the contractors.

Management 45

Management Cash Flow Construction Lien 45

Contractor Bookkeeping

APRIL 20, 2013

Having met with and worked with hundreds of bookkeepers working for contractors I can say with full confidence most of them sincerely believe contractors are greedy no good people who rip off homeowners and need too be dealt with harshly! 4 High speed scanner that for storing documents digitally.

Contractors 48

Contractors Documentation Office Cash Flow 48

Contractor Bookkeeping

JULY 18, 2012

Commercial Tenant Improvement Contractors Have Unique Bookkeeping Needs : Not Just Any Bookkeeper Will Do - Too often Commercial Tenant Improvement Contractors hire a bookkeeper and end up with the wrong bookkeeper if they believe all bookkeepers are the same. Contractor Invoicing. Nothing is further from the truth.

Commercial 54

Commercial Contractors Remodeling Cash Flow 54