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

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

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

Viewpoint Construction Technology

NOVEMBER 5, 2018

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. Clarification can be documented and recorded to ensure compliance and accuracy. If they raise any flags, your compliance will still be in question.

Software 130

Software Software Management Construction 130

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

NOVEMBER 3, 2011

Job Cost & Cash Flow. So it makes sense that any software you consider should offer comprehensive job cost and cash flow solutions. Integrated Document Management. To help you manage your paper, look for systems with document imaging and management that go beyond “scan and store” capabilities.

Cash Flow 120

Cash Flow Construction Software Software 120

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

Cash Flow 120

Cash Flow Construction Software Software 120

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. Ignoring Profit Centers and Key Performance Indicators (KPI).

Profitability 48

Profitability Contractors Cash Flow Accounting 48

Construction Business Owner

APRIL 1, 2011

Healthy Competition » Free Webinar on Reducing Profit Fade. One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs.

Cash Flow 120

Cash Flow Construction Software Software 120

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

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. If You Know Exactly What To Do.

Profitability 48

Profitability Construction Accounting Cash Flow 48

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.

Inventory 226

Inventory Resource Construction Materials 226

Viewpoint Construction Technology

OCTOBER 23, 2018

Better understanding your project data can help significantly boost productivity and profitability on current projects, as well as better plan future ones. And true data analytics is more than just tracking traditional job costs and cash flow. Several construction data trends have emerged recently.

Construction 226

Construction Software Software Cash Flow 226

Construction Business Owner

JULY 26, 2012

Look for software that does a better job providing applications based on the workflow of a project from cradle to grave, and that provides web-based anywhere-any time visibility into job progress, profitability, change management, and more for everyone who involved in the success of a job. Next Generation of Document Management.

Software 136

Software Software Construction Documentation 136

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. 5) Material Planning & Document Management. Mon, 04/19/2021 - 06:00.

Software 52

Software Software Contractors Change Orders 52

Construction Business Owner

FEBRUARY 16, 2012

Bring all your financial documents to the initial meeting. When you approach your chosen lender(s), be open about your financial situation, including any typically slow work and cash-flow periods. Banks are attracted to profitable business. document management. document management. www.dexterchaney.com.

Banking 120

Banking Construction Cash Flow Finance 120

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. Document availability. Document relevance. Document Tracking.

Construction 136

Construction Documentation Software Software 136

Construction Business Owner

JUNE 29, 2012

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? There are a number of software packages out there that allow document sharing. document management. document management.

Construction 136

Construction Documentation Software Software 136

Construction Business Owner

JANUARY 12, 2012

Keeping documents as electronic files reduces paper waste and clutter in your office because you can get rid of the filing cabinets. Electronic filing also gives you the ability to search with simple keyword terms, so you can find documents faster. Archiving documents. document management. document management.

Construction 136

Construction Software Software Accounting 136

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. document management. document management. Contractors in today’s marketplace are caught in the middle of a paper and paperless culture. Managing this information overload can be difficult.

Construction 120

Construction Software Software Cash Flow 120

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. Profitability . This is where construction cost codes come into play.

Construction 52

Construction Profitability Budgeting Budget 52

Construction Business Owner

AUGUST 18, 2011

Other common reports bonding agents will look at include income statements, balance sheets, statements of cash flow, and job specific invoice aging reports. document management. document management. This report illustrates how a contractor bills a client versus the work they have actually completed. Add new tag.

Cash Flow 168

Cash Flow Software Software Accounting 168

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

Construction Business Owner

JANUARY 26, 2012

Venture tools are built to give contractors visibility and control over three key areas of construction operations: Documentation. Document Management. It’s no secret that documents play a vital role in the construction process from beginning to end. document management. document management. Communication.

Construction 120

Construction Software Software Documentation 120

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

MAY 7, 2012

« Staying Focused in the Fight Against Profit Fade. From applications that make your meetings and webinars more collaborative to document management and social media apps to help you and your team organize, it seems collaboration is everywhere. document management. document management. Add new tag. change orders.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

SEPTEMBER 27, 2011

If a business is unprofitable in 2011, and has no taxable income to use the deduction, that business can elect to use 100% Bonus Depreciation and carry-forward to a year when the business is profitable. document management. document management. There are plenty of good reasons to take a closer look at Section 179. Add new tag.

Construction 180

Construction Software Software Accounting 180

Construction Business Owner

JANUARY 18, 2012

Querying different type of jobs in job costing to look at profitability by type. document management. document management. Looking at Over/Under Billing and posting the adjustment to the year-end financials. Preparing Sales & Use tax reports for sales tax authorities. Add new tag. business development. change orders.

Construction 168

Construction Software Software Accounting 168

Construction Business Owner

MARCH 1, 2012

Collaborating on Cash flow » The Year of Mobile Technology? document management. document management. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Home » Blogs. « Apps and Web-based Software: A Tale of Two Trends. Add new tag. business development. change orders.

Mobility 120

Mobility Cash Flow Construction 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

DECEMBER 20, 2011

document management. document management. Add new tag. business development. change orders. cloud computing. communication. construction. Construction Accounting Software. construction management. construction management software. construction operations. construction safety. Construction Software. construction technology. foundation.

Software 120

Software Software Construction Accounting 120

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

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

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. Add new tag.

Construction 136

Construction Software Software Accounting 136

Construction Business Owner

APRIL 5, 2012

And risk can be a profit center, since insurance companies obviously make money. Even if this doesn’t become an actual source of profit in and of itself, contractors who actively work to understand and control risk are in a position to make smarter project decisions that lead to higher profit margins. document management.

Risk 120

Risk Insurance Construction Software 120

Construction Business Owner

MAY 31, 2011

Finally, the programmers that do the actual coding will receive the final specifications document. They will study the document and then meet with the analyst to thoroughly review all aspects of the specifications. document management. document management. Concerns, questions, and suggestions will be made. Add new tag.

Construction 149

Construction Software Software Accounting 149

Construction Business Owner

JANUARY 31, 2012

document management. document management. Add new tag. business development. change orders. cloud computing. communication. construction. Construction Accounting Software. construction management. construction management software. construction operations. construction safety. Construction Software. construction technology. foundation.

Construction 185

Construction Software Software Accounting 185