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The High Cost of Low Bids: When Contractors Compete on Price, Everyone Loses

Levelset

What if an owner or General Contractor asked for an estimate to do the project but also asked: Do you see anything on this project that would make it better? Low Bidding Impacts Contractor Cash Flow. That disrupts your project’s, and your organization’s, cash flow. Cash flow shortages impact performance.

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40+ Fresh Product Releases You Should Know in January

Autodesk Construction Cloud

Additionally, project members can add a delete reasoning comment on web and mobile. Correspondence | View and Add References on iOS [Coming Soon]** – To improve visibility of critical project information, iOS Mobile users can now view and add project references to their correspondence.

Products 105
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Prevailing Wages in Minnesota: What Contractors Should Know

Levelset

Before taking on prevailing wage projects contractors need to make sure they have sufficient cash to pay their workers until the first payment comes in. Options like materials financing and mobilization financing can help contractors delay some of the early project costs, giving them more ready cash to pay their workers.

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Maximising ROI with construction project execution software

Lets Build

With the software, you can automate labour and material costs, standardise bids, and get accurate estimations based on previous costs and bids. Integration : A good solution must support integration with the tools you use, such as CRM, mobile apps, and other IT systems, to enhance functionality and data transfer.

article thumbnail

Maximising ROI with construction project execution software

Lets Build

With the software, you can automate labour and material costs, standardise bids, and get accurate estimations based on previous costs and bids. Integration : A good solution must support integration with the tools you use, such as CRM, mobile apps, and other IT systems, to enhance functionality and data transfer.

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Prevailing Wages in Pennsylvania: What Contractors Need to Know

Levelset

Higher labor costs can put a real crunch on your cash flow during a prevailing wage job. Keep a close eye on your project cash flow to ensure you have enough on hand to pay all your bills and still pay your workers on time. Additionally, building prevailing wages into your estimates and bids isn’t enough.

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Construction Business Owner Blogs

Construction Business Owner

Being the Best » The New Estimating Tool – Superintendents. Estimating departments have added a new tool to their repertoire – superintendent and foremen input. With backlogs down and work less plentiful, field supervision has come into the office and become an integral part of the estimating process. February 2009.