ProcurementExpress.com
JULY 15, 2019
Construction companies face more cash flow challenges than just about any other industry. No two projects look the same, and even the best-prepared estimates give contractors and clients only a partial picture of the actual scope of work and the costs involved. Embrace Automation. Speed Up Receivables.
ProcurementExpress.com
JULY 15, 2019
Construction companies face more cash flow challenges than just about any other industry. No two projects look the same, and even the best-prepared estimates give contractors and clients only a partial picture of the actual scope of work and the costs involved. Embrace Automation. Speed Up Receivables.
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Best Practices Construction Law
NOVEMBER 26, 2012
Who couldn't use more cash during the holiday season? No matter the season, however, construction companies rely heavily on cash flow to fund their operations. Cash flow depends on so many variables, but there are a few that you can control. Tie bonuses or other incentives to effective cash flow management.
ProcurementExpress.com
JANUARY 2, 2019
Work in progress figures might not sound like something you need to think much about. Real-time work-in-progress figures, or WIP, allow teams to become more efficient, effective, and remain in control. Which then throws everything off from revenue forecasting to budgeting. That’s accounting’s job, right?
ProcurementExpress.com
JANUARY 2, 2019
Work in progress figures might not sound like something you need to think much about. Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. Which then throws everything off from revenue forecasting to budgeting.
Viewpoint Construction Technology
FEBRUARY 12, 2019
A modern system will also have integrated contract valuation capabilities (which results in auto-generated work-in-progress accounting entries). Forecasting and Cash Flow Reports. revenue, risk and cash flow forecasting) and enable you to assess historical project performance.
Contractor Bookkeeping
JUNE 18, 2013
Working for customers instead of clients and not charging enough (The 80-20 Rule). Not using Additional Work Orders or Change Orders (Click For FREE Change Order Template). Cash flow issues kill contractors even though they have profit. Poor scheduling affects production and cash flow.
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