ProcurementExpress.com

FEBRUARY 11, 2019

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. With that in mind, we’ll look at three of the biggest challenges that construction teams deal with and how they affect procurement planning. Document management. Click Here. Multiple Projects at Once. Estimation tool.

Procurement 63

Procurement Plans Construction Budgeting 63

ProcurementExpress.com

FEBRUARY 11, 2019

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. With that in mind, we’ll look at three of the biggest challenges that construction teams deal with and how they affect procurement planning. Document management. Estimation tool. Calendars and scheduling. Tight Margins.

Procurement 52

Procurement Plans Construction Budgeting 52

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.

Profitability 49

Profitability Contractors Accounting Documentation 49

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. Choose projects with profitable estimates.

Cash Flow 59

Cash Flow Management Profitability Change Orders 59

Contractor Bookkeeping

SEPTEMBER 13, 2013

Business Plans Stir Up Debate! Having worked with contractors for a very, very long time the one thing we see highly profitable contractors do that other contractors don''t is they all have a documented Business Plan which they review and update during the two weeks following the end of every calendar quarter.

Plans 48

Plans Contractors Cash Flow Profitability 48

Pro Builder

APRIL 19, 2021

The construction industry has gone through an extensive transformation, and technology has completely changed the concept of how to drive more quality, productivity, and profit into projects. Here are five reasons to use mechanical contractor software: 1) Drawing & Design Planning. 5) Material Planning & Document Management.

Software 52

Software Software Contractors Change Orders 52

Contractor Bookkeeping

FEBRUARY 28, 2014

Cash flow issues kill contractors even though they have profit. Poor document management results in overpaying taxes. Poor document management results in overpaying taxes. Poor scheduling affects production and cash flow. Generally do not plan from back (end goals) to front (current operations).

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. This allows you to maximize cash flow without having to pay for additional software (well, unless you’re mailing out paper invoices and waiting for checks to come in). Speed Up Receivables. Use Financing to Provide a Cushion.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68

Construction Business Owner

SEPTEMBER 1, 2022

It’s the careful balancing of stocking enough inventory to meet your construction company’s needs without unnecessarily tying up cash — is an essential component of keeping your business running profitably and productively. You’ll always have just enough construction supplies and materials. About Sortly.

Inventory 226

Inventory Resource Construction Materials 226

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. Starting Or Re-Starting A Construction Company Is Easy.

Profitability 48

Profitability Construction Accounting Cash Flow 48

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. This allows you to maximize cash flow without having to pay for additional software (well, unless you’re mailing out paper invoices and waiting for checks to come in). Speed Up Receivables. Use Financing to Provide a Cushion.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52

Construction Business Owner

JULY 12, 2012

For example do you know how easily your project team can access construction plans and specs? Project Document Management : Your Communication Strategy. The degree to which you control, share, and track communications around these documents is a reasonably good measure of how intentional and effective you are at project communication.

Construction 136

Construction Documentation Software Software 136

Construction Business Owner

FEBRUARY 16, 2012

Bring all your financial documents to the initial meeting. Lines of credit are meant to be a short-term cash solution while you’re waiting for accounts receivable to come in. Plan to use the funds for basic operational items — not capital purchases, such as construction equipment. Banks are attracted to profitable business.

Banking 120

Banking Construction Cash Flow Finance 120

Construction Business Owner

MAY 29, 2012

Many contractors haven’t taken advantage of digital document solutions, and the ones that have are still dealing with high volumes of data. With so many sources of information, it’s never been more important to take charge and develop a business information plan. document management. document management. Add new tag.

Construction 120

Construction Software Software Cash Flow 120

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 149

Bidding Construction Documentation Software 149

Pro Builder

MAY 3, 2023

Having an agility mindset means you can better confront and manage labor shortages, higher insurance costs, supply chain disruptions, and cash flow challenges. It also enables you to better address document management issues in capital-intensive delivery cycles that can go on for months or years depending on the size of the project.

Deals 52

Deals Cash Flow Management Forecasting 52

Autodesk Construction Cloud

JULY 8, 2021

A key piece is having the ability to see and compare how much specific items or tasks cost so you can correctly forecast and manage cash flow. . Construction firms can use cost codes to document, categorize, and analyze costs efficiently. The Benefits of Using Construction Cost Codes to Plan, Budget, and Analyze .

Construction 52

Construction Profitability Budgeting Budget 52

Construction Business Owner

MAY 31, 2011

ROPE stands for Research, Organize, Plan, and Execute. The planning phase begins when our analyst designs the application from the user’s perspective. Finally, the programmers that do the actual coding will receive the final specifications document. document management. document management. Add new tag. foundation.

Construction 149

Construction Software Software Accounting 149

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. document management. document management. Add new tag. change orders.

Construction 159

Construction Software Software Bidding 159

Safety Services Company

FEBRUARY 19, 2020

If you are new to the construction business, the information below should be enough to help you create a risk management plan. In construction, a good risk management plan is all about laying down good processes. In order to create an effective risk management plan, identifying possible threats to your operation is important.

Risk 62

Risk Management Construction Safety 62

Safety Services Company

FEBRUARY 18, 2020

If you are new to the construction business, the information below should be enough to help you create a risk management plan. . In construction, a good risk management plan is all about laying down good processes. In order to create an effective risk management plan, identifying possible threats to your operation is important.

Risk 62

Risk Management Construction Safety 62

Construction Business Owner

APRIL 26, 2012

Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. There’s a name for these situations: “profit fade.” The profit you calculate when bidding a job can fluctuate dramatically as work progresses. Construction Business Owner E-Newsletter. -->. Home » Blogs.

Change Orders 120

Change Orders Construction Profitability Software 120

Construction Business Owner

FEBRUARY 2, 2012

So, I took some photos, wrote an RFI attached the photos to the document and sent it to the architect noting its urgent status. Do you have a process for organizing, storing and attaching all supporting documentation for an issue? Some, if not most issues revolve around document management and project team communication.

Construction 120

Construction Software Software Documentation 120

Construction Business Owner

FEBRUARY 16, 2012

Sometimes, as you know, project documents can devote an entire plan sheet or spec section to a list of abbreviations and acronyms. A lot of this communication revolves around the project documentation. document management. document management. ALICE is one of my favorites of the 205 Official Army Acronyms.

Construction 136

Construction Software Software Accounting 136

Construction Business Owner

JANUARY 31, 2012

While some of your company’s corporate image will come about naturally based on the work that you do and the manner in which you do it, companies that have a specific plan in place to create a corporate image have much more control over how they are perceived. document management. document management. Add new tag. change orders.

Construction 185

Construction Software Software Accounting 185

Levelset

JUNE 21, 2022

So read on to learn about strategies for cash flow, sales, finance, marketing, operations, staff, and leadership. Manage your cash flow as well as you handle air flow. An HVAC company that’s not managing cash flow is probably doing about as well as an AC unit that isn’t cooling.

Cash Flow 98

Cash Flow Accounting Profitability Residential 98

Autodesk Construction Cloud

DECEMBER 18, 2021

The final days of a project have a huge impact on your overall profitability and success—as the saying goes, projects are remembered not by how they start but how they finish. The right construction closeout plan, starting well before actual closeout, is essential to a seamless client handover. Not so fast. Key Takeaways.

Change Orders 52

Change Orders Documentation Equipment Risk 52

Job Order Contracting

DECEMBER 13, 2020

The fact that variation is going to occur (relative to planned activities and outcomes) during the project is a given. Real property owners, architects, engineers, and builders all would profit greatly from just applying “Change Management 101” effectively as a priority. Problem (Need) identification. Problem submission.

Project Management 161

Project Management Capterra Organization Management 161

Contractor Bookkeeping

JUNE 18, 2013

Cash flow issues kill contractors even though they have profit. Poor document management results in overpaying taxes. Poor document management results in overpaying taxes. Poor scheduling affects production and cash flow. Generally do not plan from back (end goals) to front (current operations).

Cash Flow 48

Cash Flow Construction Change Orders Contractors 48

Construction Business Owner

OCTOBER 14, 2011

Yet it’s a surprisingly common practice for business owners to bid at losses, and when I ask them how they plan to come out in the black on the other side of these projects, the nearly universal answer is “We’ll make it up in change orders.” But it’s not easy money, and it’s certainly not money we plan for.”.

Change Orders 120

Change Orders Construction Software Software 120

Levelset

JULY 22, 2022

Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Make a clear business plan aimed at growth. Action item: Create a growth plan for your roofing company.

Cash Flow 52

Cash Flow Overhead Accounting Profitability 52

Construction Business Owner

NOVEMBER 3, 2011

Rather than learning about the project in a “drive by” data dump hours before mobilization, the superintendent has becomes an instrumental cog in the preconstruction planning process. document management. document management. Add new tag. business development. change orders. cloud computing. communication. construction.

Construction 120

Construction Software Software Accounting 120

Levelset

JULY 15, 2022

Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Establish a plan for growth that will transform your business. Review your cash flow regularly.

Electrical 52

Electrical Cash Flow Accounting Profitability 52

Levelset

JULY 18, 2022

Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Make a growth plan to stay focused on your goals. Keep the cash flowing through your financial pipes.

Cash Flow 52

Cash Flow Accounting Profitability Legal 52

Contractor Bookkeeping

JULY 27, 2012

Assets of Company - Cash / Receivables – Payables / Trucks / Tools / Equipment / Material. Assets of Firm - Cash / Business Process / Sales Process / Client List / Predictable Cash Flow. Business Plan - A plan to have accurate financial reports to base long and short term decisions on.

Contractors 63

Contractors Cash Flow Construction Accounting 63

Levelset

JULY 19, 2022

Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Create a plan for growth. The first step in growing your painting business is to create a growth plan.

Cash Flow 52

Cash Flow Accounting Profitability Residential 52

Construction Business Owner

JANUARY 5, 2012

Check out McGraw Hill’s Dodge Plan Center and their Network Express site. There are also local, regional and even national plan centers that have bidding project information that might help. In the meantime, keep in mind that spending a little time planning now can pay off in increased efficiency and better job performance later.

Construction 120

Construction Bidding Software Software 120