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

ProcurementExpress.com

FEBRUARY 11, 2019

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. You’re dealing with subcontractors, labor shortages, sourcing, and multiple projects on multiple deadlines. You’re dealing with subcontractors, labor shortages, sourcing, and multiple projects on multiple deadlines.

Procurement 52

Procurement Plans Construction Budgeting 52

Autodesk Construction Cloud

JUNE 8, 2023

When you stay on top of project planning and design from the beginning (i.e., 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. How do you accomplish this?

Profitability 98

Profitability Bidding Estimating Risk 98

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. Speed Up Receivables. Use Financing to Provide a Cushion.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68

Construction Business Owner

JULY 12, 2012

For example do you know how easily your project team can access construction plans and specs? Or if everyone is aware of the project changes and issues that affect their work? Project Document Management : Your Communication Strategy. Document availability. Document relevance.

Construction 136

Construction Documentation Software Software 136

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. Speed Up Receivables. Use Financing to Provide a Cushion.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52

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. See Leveling ).

Plans 48

Plans Contractors Cash Flow Profitability 48

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. Properly manage change orders.

Cash Flow 59

Cash Flow Management Profitability Change Orders 59

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. Committing Intentional Project Communications. Management.

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. Use a system to manage the documents you and your subs use to prepare bids. Team Prequalification.

Bidding 149

Bidding Construction Documentation Software 149

Construction Business Owner

MAY 31, 2011

At Foundation Software, we try to avoid inmate takeovers by first assigning a lead analyst to oversee design for each project. ROPE stands for Research, Organize, Plan, and Execute. This phase consists of consultation with Customers, Sales, Client Services, Quality Control, Programming and Management. construction management.

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. Committing Intentional Project Communications. document management.

Construction 159

Construction Software Software Bidding 159

Construction Business Owner

FEBRUARY 16, 2012

Bring all your financial documents to the initial meeting. The banks want to see all of the following: Analyzed projected balance sheets. Projected future earnings. Lines of credit are meant to be a short-term cash solution while you’re waiting for accounts receivable to come in. construction management.

Banking 120

Banking Construction Cash Flow Finance 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. One of the newest construction industry acronyms is IPD, or “Integrated Project Delivery.” A lot of this communication revolves around the project documentation. Management.

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. Committing Intentional Project Communications. construction management.

Construction 185

Construction Software Software Accounting 185

Autodesk Construction Cloud

DECEMBER 18, 2021

Since you’re at the end of the project, you may not even have the resources on hand to easily correct errors if you discover them after your workers have been released. The right construction closeout plan, starting well before actual closeout, is essential to a seamless client handover. Key Takeaways.

Change Orders 52

Change Orders Documentation Equipment Risk 52

Construction Business Owner

NOVEMBER 3, 2011

Gregg is a consultant with FMI and specializes in the areas of productivity and project management. In addition to providing critical insight to a bid, tender or proposal, the theoretical “buy-in” to the process from the field manager is invaluable. Committing Intentional Project Communications. construction management.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

OCTOBER 20, 2011

Not too long ago, or so it seems, we were more than ecstatic at the idea of being able to call our project managers in the field on mobile phones. At the time, we still couldn’t see plans or email pictures back and forth, but the fact that we could call in a change or talk to someone in the office took hours off of the work week.

Construction 136

Construction Software Software Project Management 136

Construction Business Owner

OCTOBER 10, 2011

They are the ones who take the time to reflect and engage in strategic planning–and perhaps most importantly understand how to crunch the numbers. Most of all, I learned that workforce management and structuring your company appropriately is one of the biggest challenges contractors face. construction management.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

JANUARY 5, 2012

One way to bid more work, without giving your estimator a quick trip to the funny farm, is to identify additional sources of project bid lists. 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.

Construction 120

Construction Bidding Software Software 120

Construction Business Owner

DECEMBER 9, 2011

Some project managers tend to think of safety in the workplace as one of those things that we do “when we get a chance.” In fact, project managers should worry about implementing more safe practices because it can affect the way they bid on jobs. Committing Intentional Project Communications. document management.

Construction 136

Construction Insurance Software Software 136

Construction Business Owner

APRIL 26, 2012

Legal language is often unclear, resulting in differences in interpretations that can disrupt and delay projects, increasing costs. Also make sure your project managers understand the contract language fully. Then use the results to improve your estimating procedures on future projects. construction management.

Change Orders 120

Change Orders Construction Profitability Software 120

Construction Business Owner

MARCH 6, 2011

Better yet, what would you do if you suddenly found more work than you planned on? To the contrary, planning such as this allows you a dashboard into your business that your competitors that don’t do this type of testing won’t have. Committing Intentional Project Communications. construction management.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

APRIL 21, 2011

You have the right people on board; so now give them a solid game plan to make this new technology work. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. construction management software. document management.

Construction 136

Construction Software Software Accounting 136

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."

Cash Flow 48

Cash Flow Contractors Houston BIM 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

Autodesk Construction Cloud

OCTOBER 28, 2021

For best results on any project, you should have your approach well-sorted before a shovel ever hits the ground. Forgive the crassness, but the old adage “proper planning prevents p**s poor performance” couldn’t be more true. How to’s for leveraging permissions for document control and security. Josh Cheney, Sr.

Autodesk 52

Autodesk Industrial Construction BIM 52

Construction Business Owner

SEPTEMBER 13, 2011

PLAN AHEAD and have a Go Live date in mind. Then you can create a realistic implementation plan. But you can consider new software anytime, and the best way for you to figure out your going live date is to PLAN and give yourself plenty of time (the more the better!). Committing Intentional Project Communications.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

FEBRUARY 1, 2011

I dream about Foundation, and I make plans for its future. That’s not to say that they always turn out the way I plan. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. construction management software. document management.

Construction 136

Construction Software Software Foundation 136

Contractor Bookkeeping

DECEMBER 20, 2013

You will need to plan carefully and make certain to map the correct accounts from your construction accounting software to Bill.Com. In the end we believe Bill.Com is still a worthwhile investment because of the time savings and increased cash flow.). To Get Started Click , and then click Settings > Start-up Checklist.

Contractors 48

Contractors Accounting Cash Flow Construction 48

ProcurementExpress.com

NOVEMBER 30, 2016

A huge topic of discussion in the Construction Industry consistently, is the scope of financial risk on a construction project. Some of these contemplations are: Under-funded projects or underbid projects. An inexperienced project team. Improper planning. Theft of project funds. Under-funded projects.

Risk 52

Risk Construction Plans Structural Engineering 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. BPM – Business Process Management for construction company owners to grow passive income streams.

Contractors 63

Contractors Cash Flow Construction Accounting 63

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. Management skills are learned in the school of hard knocks.

Profitability 48

Profitability Contractors Cash Flow Accounting 48

Construction Business Owner

DECEMBER 1, 2011

And these are not light-weight “apps” – these are powerful enterprise systems for accounting, financial management, project management, HR, and more. Has your company adopted any browser-based business software or do you plan to? Committing Intentional Project Communications. construction management.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

NOVEMBER 18, 2013

And as always, we recommend you have any legal document reviewed by your attorney or legal counsel before using it. The second one shown below offers a FREE guide and the related sample plans to help you build your safety program. They are all from the Washington State Department of Labor & Industries website.

Accidents 48

Accidents Accounting Construction Profitability 48

Construction Business Owner

MARCH 8, 2012

Step 2: Make a plan and figure out the data you need to collect. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. construction management software. document management. document management. Management.

Construction 120

Construction Software Software Accounting 120