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. Reducing Risk and Increasing Safety. Diving Deeper into Construction Data.

Construction 241

Construction Software Software Cash Flow 241

Viewpoint Construction Technology

NOVEMBER 5, 2018

With violations often resulting in enormous fines and serious punishments (a case in point is the current ramifications of using polyethylene core-filled panels currently affecting firms in Melbourne), companies are placed in a position where they walk on tiptoes or risk putting their operations in hot water. But most importantly….

Software 130

Software Software Management Construction 130

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

Construction Business Owner

APRIL 5, 2012

Green Construction & Construction Software » The Business of Construction Risk Management. With every project, no matter how big or small, there is always risk – risk of injury, financial responsibility, or quality assurance. If you stop to think about it, it’s clear that risk carries a dollar value.

Risk 120

Risk Insurance Construction Software 120

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

Software 52

Software Software Contractors Change Orders 52

Construction Business Owner

DECEMBER 6, 2011

In running a business, there must always be a certain amount of risk that you’re willing to take. Risk is healthy; it keeps things fresh and gives you the opportunity to evolve. I took a risk in 2005 and dressed up as Superman for a marketing campaign. Or you could take a risk in offering a new product. Stay Hungry.

Construction 195

Construction Software Software Accounting 195

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 tools and documents make it easier to complete project closeout and keep customers satisfied. Not so fast. Key Takeaways. The reverse bell curve.

Change Orders 52

Change Orders Documentation Equipment Risk 52

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

MARCH 1, 2012

« Collaborating on Cash flow. According to my friend Eric Carter, President of Approach Technology , simplistic passwords are the biggest security risks. Your risk will decrease significantly. document management. document management. Free Subscriptions. Construction Business Owner Magazine.

Construction 120

Construction Cash Flow Security Software 120

Autodesk Construction Cloud

OCTOBER 28, 2021

The “why” behind having good data is clear—making good decisions to empower better project outcomes and profitability. How to’s for leveraging permissions for document control and security. Discover the contract terms or documentation that will support and require more-sustainable design, processes, and practices.

Autodesk 52

Autodesk Industrial Construction BIM 52

Construction Business Owner

APRIL 12, 2012

« The Business of Construction Risk Management. Good document management software will be able to keep those certifications on file. As construction becomes more and more complex, document management and certification tracking will play an even larger role in the industry. document management. document management.

Construction 120

Construction Certification Green Software 120

Construction Business Owner

FEBRUARY 2, 2012

In the end, jobs must translate to bottom-line profitability.” In this article, Schoppman explains how business owners should evaluate construction professionals on specific criteria to enhance margin, improve productivity and hedge construction risks. document management. document management. Add new tag. change orders.

Construction 120

Construction Software Software Accounting 120

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. Contractor Not A Banker - Student of Business Consulting And Accounting who has mastered the art of managing cash flow properly.

Contractors 63

Contractors Cash Flow Construction Accounting 63

Construction Business Owner

MARCH 29, 2012

The Business of Construction Risk Management » The Fundamentals of Building Information Modeling (BIM). Until recently, those drawings were produced by hand, but in the last 25 years or so, computers have become the primary tool people use to produce construction documents. document management. document management.

Construction 120

Construction BIM Software Software 120

Construction Business Owner

OCTOBER 14, 2011

But most of the risks are either things within your control, or are at least calculated on likely outcomes. Change orders can be harder to manage – and present more of a profitability challenge – than pre-planned project work. document management. document management. Yes, change orders are nearly inevitable. Add new tag.

Change Orders 120

Change Orders Construction Software Software 120

Construction Business Owner

AUGUST 19, 2011

These are risk takers, men and women who are driven to hustle and make a profit—not the sitting still type. document management. document management. And, let’s face it: the kind of individual driven to be a general contractor is often not the kind that relishes tedious office work and long hours spent analyzing numbers.

Construction 120

Construction Software Software Accounting 120

ProcurementExpress.com

FEBRUARY 11, 2019

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. Document management. Profit margins in the construction industry are notoriously tight. As mentioned, construction teams risk losing out on profits when quality control isn’t given priority. Tight Margins.

Procurement 63

Procurement Plans Construction Budgeting 63

Job Order Contracting

DECEMBER 13, 2020

Real property owners, architects, engineers, and builders all would profit greatly from just applying “Change Management 101” effectively as a priority. Visibility includes full transparency of tasks and costs, status, clear communication, and full document management. It encourages proactive work and problem-solving.

Project Management 161

Project Management Capterra Organization Management 161

ProcurementExpress.com

FEBRUARY 11, 2019

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. Document management. Profit margins in the construction industry are notoriously tight. As mentioned, construction teams risk losing out on profits when quality control isn’t given priority. Tight Margins.

Procurement 52

Procurement Plans Construction Budgeting 52

Pro Builder

JUNE 6, 2022

Unprepared home builders experiencing rapid growth run the risk of squandering opportunities during the best decade in housing’s history. The result: builders operating in crisis mode and running the risk of stall-out and failure. They pay vendor invoices without any variance documentation. Mon, 06/06/2022 - 07:00.

Management 52

Management Cash Flow Profitability Schedule 52

Construction Business Owner

FEBRUARY 23, 2012

I think it’s safe to say that when most people say they’re concerned with security, they’re concerned with mitigating the risk of fraud, both internally and externally, and physical access to the data. document management. document management. Add new tag. business development. change orders. cloud computing. communication.

Security 120

Security Construction Software Software 120

Construction Business Owner

FEBRUARY 9, 2012

Current software providers can jump on the bandwagon, or risk losing out to new developers, or perhaps even these specialty apps created by contractors. document management. document management. Do you use tablets in your office or on the jobsite? What are the pros/cons? www.dexterchaney.com. Add new tag. business development.

Software 120

Software Software Construction Accounting 120

Construction Business Owner

OCTOBER 10, 2011

From his story it became clear to me that while you can do powerful things with spreadsheets if you devote the time, you run into three serious risks: Complex tasks require complex programming, something off-the-shelf spreadsheets aren’t designed to support (especially when it comes to troubleshooting). document management. foundation.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

JANUARY 4, 2011

Some well managed businesses took some overly aggressive risks and are no longer with us. Not to double digit profit growth and sales increases, but to a more sustainable, long term path. document management. document management. Most poorly managed businesses aren’t with us, either. We needed this wake up call.

Construction 120

Construction Software Software US 120

Contractor Bookkeeping

MARCH 13, 2014

The truth is the most successful, wealthy, highly profitable construction contractors don''t like change. Six keys helped us out perform other contractors in terms of cash flow and profit year after year regardless of the economic conditions: I was raised in a construction family. Never, never let your C.P.A.

Accounting 48

Accounting Construction Contractors Profitability 48

Autodesk Construction Cloud

SEPTEMBER 1, 2022

Knowing which contract to use when is critical to ensuring a successful outcome in delivery, customer satisfaction, and profit. Knowing which general construction contract to use and when to use one is vital to a successful project, your customers’ satisfaction, and your profits. There’s seemingly no risk of losing money on materials.

Contract 98

Contract Maine Construction Agreement 98

Contractor Bookkeeping

JANUARY 2, 2015

The idea was you would do all the work they would get half the profits and you politely refused, or not? Tax Advantages For LLC or a Sub S - If you do not setup your corporation correctly the profit or loss from your business will be passed through to the owners as normal income. 20% Of The Contractors Earn And Keep 80% Of The Profits.

Construction 48

Construction Insurance Accounting Claims 48

Contractor Bookkeeping

JUNE 20, 2014

You do all the work they get half the profits and you politely refuse. Tax Advantages For LLC or a Sub S - The profit or loss from your business is passed through to the owners as normal income. Your business plan is a living breathing document that you will change and update as needed. This is getting very stressful.

Insurance 48

Insurance Construction Accounting Claims 48

Autodesk Construction Cloud

FEBRUARY 1, 2022

Up to 60% of general contractors say it has a high or very high negative impact on profitability. Quality issues arise from various problems like using low-quality materials or failing to document changes. Moreover, nearly 60% say this has a “high” to “very high” negative impact on their profitability. Standardize .

Management 97

Management Construction Risk Documentation 97

Contractor Bookkeeping

JUNE 15, 2012

You do all the work they get half the profits and you politely refuse. Tax Advantages For LLC or a Sub S - The profit or loss from your business is passed through to the owners as normal income. Your business plan is a living breathing document that you will change and update as needed. This is getting very stressful.

Contractors 48

Contractors Insurance Claims Lien 48

Levelset

OCTOBER 19, 2022

However, before starting work on a building financed with a construction-to-permanent loan, both property owners and contractors need to understand the risks. Contractor risks with a construction-to-permanent loan. There are common risks that are prevalent in every construction loan program. Budgeting problems.

Contractors 98

Contractors Lien Construction Finance 98

Autodesk Construction Cloud

FEBRUARY 9, 2022

Billd allows you to take complete control of your cash flow and run your business on your terms. Document Crunch. Easily embed Document Crunch into Autodesk Build or BIM 360 Project Home dashboards to quickly understand and manage risk within documents such as contracts, insurance policies, and specifications.

Autodesk 98

Autodesk Construction BIM Safety 98

Autodesk Construction Cloud

MAY 5, 2023

They are implementing project and field management tasks, document controls, and third-party collaboration to extend beyond the internal focus of an ERP. Operations teams, who are responsible for managing projects and ensuring profitability, increasingly assert themselves as crucial stakeholders in software procurement and adoption.

Office 52

Office Autodesk Accounting Project Management 52

Autodesk Construction Cloud

MARCH 7, 2022

Doing so requires significant investment in monitoring timelines, building in efficiencies, and managing budgets to ensure the best results and greatest profitability. . The bidding process is one of the most time-consuming and critical to ensure cash flow and steady work. The current market size is estimated to be $107 billion.

Contractors 98

Contractors Innovation Bidding Resource 98

Autodesk Construction Cloud

DECEMBER 2, 2021

Tracking costs and monitoring risk while keeping a job on budget can be one of the biggest hurdles to any building project. Tracking costs and monitoring risk while maintaining a budget is one of the most significant hurdles on a building project. Silos increase the risk of errors. Key Takeaways. DOWNLOAD NOW.

Management 52

Management Change Orders Construction Budgeting 52

Autodesk Construction Cloud

JANUARY 9, 2024

There is a significant opportunity to do risk-based inspections with this technology moving forward by providing accurate measurements and data." With projects coming under greater scrutiny in the coming years, contractors will turn to more proactive approaches to lower their risk. Data management will also continue to evolve.

Construction 137

Construction Autodesk Industrial Sustainability 137

Autodesk Construction Cloud

OCTOBER 28, 2021

And you have to do all that within a contracted amount of time with razor-thin profit margins. . Some of the top problems GCs face are three documentation processes that, while important for communication and liability, take time away from actually building. . Creating the submittal log . Register NOW.

Project Management 52

Project Management Management Documentation Construction 52