Levelset
MARCH 11, 2022
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.
PSMJ Resources
OCTOBER 7, 2008
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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Levelset
AUGUST 5, 2022
These tips are well-tested and designed to get your architecture company off to a successful start. In her book, Feel the Fear and Do It Anyway , Susan Jeffers advises us (in all caps, no less), “THE ONLY WAY TO GET RID OF THE FEAR OF DOING SOMETHING IS TO GO OUT AND DO IT.”. Pay close attention to cash flow.
Viewpoint Construction Technology
FEBRUARY 12, 2019
Forecasting and Cash Flow Reports. revenue, risk and cash flow forecasting) and enable you to assess historical project performance. To learn more, download our Request for Information fact sheet or contact us. You’ll need reports that help you manage project costs (e.g. Asset and Plant Management.
Contractor Bookkeeping
MAY 3, 2019
Six keys helped us outperform other contractors in terms of cash flow and profit year after year regardless of the economic conditions: I was raised in a construction family. The truth is the most successful, wealthy, highly profitable construction contractors don't like change.
Viewpoint Construction Technology
OCTOBER 23, 2018
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.
Viewpoint Construction Technology
APRIL 17, 2018
The new GAAP revenue recognition standards developed by the Financial Accounting Standards Board are here, and these standards are designed with complex projects in mind. When implemented properly, they offer improved cash flow and better accounting insight, which benefits contractors and customers. Get in touch.
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