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Utilizing The Power Of Financial Modeling In The Construction Industry

Contractor Bookkeeping

In the ever-evolving world of construction, financial modeling is a game-changer. Crafting precise and insightful financial models is a valuable tool for construction companies. Financial models are invaluable tools designed to help you understand and protect your business's economic health.

Modeling 109
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The High Cost of Low Bids: When Contractors Compete on Price, Everyone Loses

Levelset

The low-bid method sends the wrong signals to a contractor about their role in the project: You are less valuable than the architect or design firm The owner does not trust you to offer a fair price for the work performed You are a commodity, and therefore have less control over how the project goes. Low Bidding Impacts Contractor Cash Flow.

Bidding 98
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9 Tips for Starting an Architecture Firm

Levelset

These tips are well-tested and designed to get your architecture company off to a successful start. Most architects start their own firms because they want to spend more time being creative and expressing their design ideas. Make sure that you have a realistic expectation of how much design work you’ll be able to do.

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5 Critical Construction Project Reports your System Should Pull Without Fuss

Viewpoint Construction Technology

You’ll also need a general ledger model that supports inter-company transactions and hierarchical reporting across business units and entities. Forecasting and Cash Flow Reports. revenue, risk and cash flow forecasting) and enable you to assess historical project performance. Asset and Plant Management.

Cash Flow 130
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Data Analytics Trends in Construction

Viewpoint Construction Technology

Construction sites these days have no shortage of data: design and BIM data from the planning stages of a project, jobsite data collected by wearables, mobile devices and sensors on equipment/materials, accounting and job progress data from the office, project management data and much more. Your data can help you develop these models.

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Building Strong Starts: Protecting Profit Margins Through Effective Preconstruction

Autodesk Construction Cloud

When you stay on top of project planning and design from the beginning (i.e., Integrate design with downstream processes A typical $100 million project takes around 30 months in design and preconstruction. One way to avoid these challenges is to implement integrated design. How do you accomplish this?

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40+ Fresh Product Releases You Should Know in January

Autodesk Construction Cloud

Cost Management | Cash Flow Consolidated View* – Within the Cash Flow view, distribution modifications can be made in a new sub-table view, allowing users to see the context of the other distribution items while making adjustments.

Products 105