Levelset

MARCH 11, 2022

It’s time to re-educate the construction industry and reframe the “low bid wins” philosophy. In addition, they make less per project and ultimately end up with too little profit, if any, to grow. Owners perceive these industries as highly-skilled experts essential to the success of their project. Separating price and value.

Bidding 98

Bidding Cash Flow Contractors Procurement 98

Levelset

MARCH 29, 2022

Rising costs during a construction project affect not only the project’s profitability — they affect a contractor’s ability to survive. Economic growth already strains a construction company’s cash flow , and increasing costs only make it worse. Construction costs are higher than ever. Building costs. Labor shortage.

Deals 98

Deals Contractors Cash Flow Construction 98

Levelset

JUNE 21, 2022

Also, the Air Conditioning Contractors of America estimate 13% job growth by 2030, outpacing the average across all industries. 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.

Cash Flow 98

Cash Flow Accounting Profitability Residential 98

Pro Builder

JANUARY 31, 2023

The next-best average net profit of 11.41 generated net profits in excess of 12%, with 6.8% recording net profits of more than 20%, which comes out to an average net profit of 12.06%—a record in the 29-year history of our survey (see chart, below). was recorded in 2020. Builders recording losses represented 6.5%

Inventory 98

Inventory Housing Profitability Cash Flow 98

Levelset

JULY 18, 2022

If you’re looking to start a plumbing business, it’s the perfect time to get with the flow. Industry research shows that the US plumbing industry includes over 130,00 businesses (and more than 500,000 employees) with total annual revenues exceeding $130 billion. Keep the cash flowing through your financial pipes.

Cash Flow 52

Cash Flow Accounting Profitability Legal 52

Levelset

JULY 15, 2022

Industry research shows that the US electrical industry has more than 1 million employees working for 200,000 businesses — and annual revenue exceeding $200 billion. As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. annually for the next five years. .

Electrical 52

Electrical Cash Flow Accounting Profitability 52

Contractor Bookkeeping

SEPTEMBER 3, 2021

Your finances are negatively affected, and it's up to you to lead the recovery. Almost all business sectors have experienced declining profits, liquidity that is drying out, and even bankruptcy. Whether those hardships are pandemic-related or linked to other urgent situations, the effect is still the same.

Bankruptcy 79

Bankruptcy Finance Construction Profitability 79

Levelset

JULY 19, 2022

Industry research reveals that the US painting industry includes over 255,000 businesses with total annual revenues exceeding $35 billion. As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Keep the cash flowing as smoothly as your paint.

Cash Flow 52

Cash Flow Accounting Profitability Residential 52

Levelset

JULY 22, 2022

Industry research notes that the US roofing industry consists of more than 80,000 businesses employing 250,000 people — and annual industry revenues exceed $50 billion. As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more.

Cash Flow 52

Cash Flow Overhead Accounting Profitability 52

Levelset

JUNE 21, 2022

Also, the Air Conditioning Contractors of America estimate 13% job growth by 2030, outpacing the average across all industries. 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.

Cash Flow 52

Cash Flow Contractors Accounting Profitability 52

Construction Business Owner

MARCH 1, 2012

Accounting & Finance. Industry News. Industry Statistics. 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.

Cash Flow 120

Cash Flow Construction Software Software 120

Autodesk Construction Cloud

FEBRUARY 25, 2022

For one thing, circumstances can change quickly in today’s uncertain construction industry. Days of Cash on Hand is the number of days that a company can continue to pay its operating expenses, given the amount of cash available and assuming there is no additional revenue. FINANCIAL RATIOS: PROFITABILITY . Debt Ratio .

Safety 94

Safety Debt Liability Equity 94

Pro Builder

JUNE 6, 2022

Over the last 10 years, the housing industry has been recovering from the Great Recession when single-family housing starts plummeted over 80% in three years and more than half of home building and trade contractor businesses went bust. When you’re out of cash, you’re out of business. When you’re out of cash, you’re out of business.

Management 52

Management Cash Flow Profitability Schedule 52

Autodesk Construction Cloud

FEBRUARY 9, 2022

Billd allows you to take complete control of your cash flow and run your business on your terms. Access Billd’s financing solutions directly within Autodesk Construction Cloud, alongside key project workflows. You can easily embed Billd in an Autodesk Build or BIM 360 Project Home dashboard to access their financing solutions.

Autodesk 98

Autodesk Construction BIM Safety 98

Construction Business Owner

APRIL 1, 2011

Accounting & Finance. Industry News. Industry Statistics. Healthy Competition » Free Webinar on Reducing Profit Fade. The buzz at this year’s ConExpo-ConAgg certainly indicated that this is a hopeful time for the construction industry, or at least a time of cautious optimism. General Management.

Cash Flow 120

Cash Flow Construction Software Software 120

Construction Business Owner

FEBRUARY 16, 2012

Accounting & Finance. Industry News. Industry Statistics. I would like to share the following tips to use before approaching the bank(s) or other financial institutions for additional financing, and some non-bank financing options. Banks are attracted to profitable business. General Management. Publications.

Banking 120

Banking Construction Cash Flow Finance 120

Construction Business Owner

OCTOBER 26, 2011

Accounting & Finance. Industry News. Industry Statistics. 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. General Management. Publications.

Cash Flow 120

Cash Flow Construction Software Software 120

Levelset

JUNE 10, 2022

Involves larger structures that serve a variety of business or industrial purposes Buildings include hospitals, office buildings, retail spaces, apartment buildings, and many others Usually owned by a business rather than an individual Often located in commercial corridors or industrial sites. Payment and cash flow.

Residential 52

Residential Commercial Cash Flow Construction 52

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. 4) Budgeting & Finances. 5 Reasons to Use Mechanical Contractor Software. Mon, 04/19/2021 - 06:00.

Software 52

Software Software Contractors Change Orders 52

Autodesk Construction Cloud

MAY 5, 2023

Until recently, software applications for managing the finances of construction paid little attention to anyone outside of the back office. Fortunately, integrations between project management solutions and ERP/financial systems are helping make managing finances, fieldwork, and everything in between much simpler.

Office 52

Office Autodesk Accounting Project Management 52

Autodesk Construction Cloud

SEPTEMBER 1, 2022

The construction industry uses different kinds of agreements depending on the project’s scope, delivery, schedule, budget, and the parties involved. Knowing which contract to use when is critical to ensuring a successful outcome in delivery, customer satisfaction, and profit. Plus, you know you’ll incur a profit. Key Takeaways.

Contract 98

Contract Maine Construction Agreement 98

Contractor Bookkeeping

NOVEMBER 3, 2012

You have what appears to be a high profit job and now you are thinking you have it made and I hope you are right! The most common situation is when a residential remodel contractor who has built a reputation and a substantial company generating profits of 15% or more decides to start building custom homes.

Profitability 48

Profitability Bankruptcy Contractors Remodeling 48

Construction Business Owner

SEPTEMBER 27, 2011

Accounting & Finance. Industry News. Industry Statistics. All businesses that purchase, finance, and/or lease less than $2 million in new or used business equipment during tax year 2011 should qualify for the Section 179 Deduction. General Management. Software & Technology. Construction Law. People Management. foundation.

Construction 180

Construction Software Software Accounting 180

Construction Business Owner

NOVEMBER 3, 2011

Accounting & Finance. Industry News. Industry Statistics. Job Cost & Cash Flow. So it makes sense that any software you consider should offer comprehensive job cost and cash flow solutions. Tags: cash flow , Construction Software , document management , job cost , reporting.

Cash Flow 120

Cash Flow Construction Software Software 120

Construction Business Owner

MARCH 1, 2012

Accounting & Finance. Industry News. Industry Statistics. Collaborating on Cash flow » The Year of Mobile Technology? Every year, there seems to be a new product or service that’s all the industry buzz. You can’t turn the page of a magazine or open up an industry-related website without seeing it.

Mobility 120

Mobility Cash Flow Construction Software 120

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

Construction Business Owner

AUGUST 18, 2011

Accounting & Finance. Industry News. Industry Statistics. Other common reports bonding agents will look at include income statements, balance sheets, statements of cash flow, and job specific invoice aging reports. General Management. Software & Technology. Construction Law. People Management. Green Building.

Cash Flow 168

Cash Flow Software Software Accounting 168

Construction Business Owner

JANUARY 18, 2012

Accounting & Finance. Industry News. Industry Statistics. Querying different type of jobs in job costing to look at profitability by type. General Management. Software & Technology. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management.

Construction 168

Construction Software Software Accounting 168

Construction Business Owner

APRIL 26, 2012

Accounting & Finance. Industry News. Industry Statistics. 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.

Change Orders 120

Change Orders Construction Profitability Software 120

Construction Business Owner

MAY 7, 2012

Accounting & Finance. Industry News. Industry Statistics. « Staying Focused in the Fight Against Profit Fade. No matter what industry you’re in, collaboration seems to be the latest “thing.” Each year at this event I’m reminded that collaboration is vital to our construction industry. Construction Law.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

APRIL 19, 2012

Accounting & Finance. Industry News. Industry Statistics. Staying Focused in the Fight Against Profit Fade » Connecting in Construction. Connection between our company and our customers, between industry peers, between contractors and their project teams. General Management. Software & Technology. foundation.

Construction 120

Construction Software Software Conference 120

Construction Business Owner

APRIL 5, 2012

Accounting & Finance. Industry News. Industry Statistics. This, after all, is the foundation of the insurance industry. And risk can be a profit center, since insurance companies obviously make money. Well, consider the business model of the insurance industry. The construction industry is dangerous.

Risk 120

Risk Insurance Construction Software 120

Construction Business Owner

DECEMBER 20, 2011

Accounting & Finance. Industry News. Industry Statistics. General Management. Software & Technology. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect.

Software 120

Software Software Construction Accounting 120

Construction Business Owner

NOVEMBER 8, 2011

Accounting & Finance. Industry News. Industry Statistics. Confronting the brutal facts of your business and industry. General Management. Software & Technology. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center.

Construction 174

Construction Software Software Accounting 174

Construction Business Owner

JANUARY 31, 2012

Accounting & Finance. Industry News. Industry Statistics. General Management. Software & Technology. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect.

Construction 185

Construction Software Software Accounting 185

Construction Business Owner

MAY 29, 2012

Accounting & Finance. Industry News. Industry Statistics. General Management. Software & Technology. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect.

Construction 120

Construction Software Software Cash Flow 120

Construction Business Owner

SEPTEMBER 28, 2011

Accounting & Finance. Industry News. Industry Statistics. The CBO team attended the APWA 2011 Congress this year and had a chance to learn about the industry’s latest equipment and products. General Management. Software & Technology. Construction Law. People Management. Green Building. Construction Safety.

Construction 120

Construction Software Software Cash Flow 120