Remove Cash Flow Remove Finance Remove Mobility Remove Profitability
article thumbnail

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

Levelset

In addition, they make less per project and ultimately end up with too little profit, if any, to grow. Low Bidding Impacts Contractor Cash Flow. The average pre-tax net profit for general contractors is between 1.4 That disrupts your project’s, and your organization’s, cash flow. Separating price and value.

Bidding 98
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. « The Year of Mobile Technology? 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
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. Collaborating on Cash flow » The Year of Mobile Technology? This year, I think it’s safe to say that mobile devices and applications that run on mobile devices are the buzz of construction industry, and it’s easy to see why. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |.

Mobility 120
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. 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. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |.

Cash Flow 120
article thumbnail

Bill.Com Can Save Time And Increase Your Construction Company Profits

Contractor Bookkeeping

With the optional bill tracking and bill payment services they are increasing bottom line profits by avoiding late fees and taking advantage of vendor discounts which in some cases can generate 36% Return on Investment! Fast And Easy – Access your online Bill.Com account in a few seconds to start sending invoices and paying bills.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. Staying Focused in the Fight Against Profit Fade » Connecting in Construction. To help with our “connecting” discussions at the conference, social media and mobile communication expert James Spellos will be joining us as the keynote speaker. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. New) Mobile Construction Software. With web-based software, these mobile devices are capable of running complete versions of a company’s enterprise software, resulting in real-time information flowing freely from the field to the office and a true collaborative environment. MANAGEMENT |. SOFTWARE |.

Software 136