ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. This allows you to maximize cash flow without having to pay for additional software (well, unless you’re mailing out paper invoices and waiting for checks to come in). Speed Up Receivables. Use Financing to Provide a Cushion.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52

Constructonomics

AUGUST 23, 2016

Professional advice and business plans are vital now. This is an exciting stage when the business exists as a legal entity – it’s providing goods or services to its first customers. It’s a big challenge – there may be a negative cash flow for a while – and if the business can’t cope for long, it may be time to exit.

Profitability 100

Profitability Banking Cash Flow Overhead 100

Lets Build

AUGUST 4, 2023

This includes blueprints, legal contracts, building codes, budget documents, proposals, bids, etc. Cost management : The solution should offer integrated financials like bids, budgets, payroll, invoicing, billing, and cash flow to manage every cost of the project. This can boost productivity and secure your data.

Software 78

Software Software Construction Budgeting 78

Lets Build

AUGUST 4, 2023

This includes blueprints, legal contracts, building codes, budget documents, proposals, bids, etc. Cost management : The solution should offer integrated financials like bids, budgets, payroll, invoicing, billing, and cash flow to manage every cost of the project. This can boost productivity and secure your data.

Software 78

Software Software Construction Budgeting 78

cnstrctr

JULY 1, 2019

The second reason is for cash flow. These reports should summarize the overall budget, potential change orders, cash flow, risks and more. Staff Forecast – if you’re part of a larger company staff planning is important. Providing a cash flow graph should be mandatory in every report.

Cash Flow 60

Cash Flow Forecasting Construction Contract 60

Safety Services Company

FEBRUARY 19, 2020

If you are new to the construction business, the information below should be enough to help you create a risk management plan. In construction, a good risk management plan is all about laying down good processes. In order to create an effective risk management plan, identifying possible threats to your operation is important.

Risk 62

Risk Management Construction Safety 62

Safety Services Company

FEBRUARY 18, 2020

If you are new to the construction business, the information below should be enough to help you create a risk management plan. . In construction, a good risk management plan is all about laying down good processes. In order to create an effective risk management plan, identifying possible threats to your operation is important.

Risk 62

Risk Management Construction Safety 62

Buisness Facilities Contributed Content

JULY 1, 2013

This is a critical benefit since cash flow is often a concern for small and new businesses. Holding on to cash, or working capital, enables it to be used for other areas of the business, such as expansion, improvements, marketing or R&D. Expense planning for cash flow and business cycle fluctuations.

Finance 63

Finance Equipment Cash Flow Leases 63

Levelset

OCTOBER 14, 2022

When you tackle the jobs you’ve secured, it’s also important to plan for the unexpected. Obtaining an insurance policy is a key step in planning for the success of your plumbing business, and we’ve developed a guide to help answer some of your questions. Having an insurance strategy can be part of a prudent business plan. .

Insurance 52

Insurance Liability Injury Compensation 52

Construction Business Owner

FEBRUARY 16, 2012

Lines of credit are meant to be a short-term cash solution while you’re waiting for accounts receivable to come in. Plan to use the funds for basic operational items — not capital purchases, such as construction equipment. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. February 2009. January 2009.

Banking 120

Banking Construction Cash Flow Finance 120

Construction Business Owner

OCTOBER 26, 2011

Rarely does a finished project exactly mirror the original plans. I know from my days as a general contractor that plans and specifications are altered continuously as subcontractors become involved, materials are changed, and change orders are issued. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->.

Construction 159

Construction Software Software Bidding 159

Levelset

JULY 19, 2022

Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Create a plan for growth. Action item: Create a growth plan for your painting company.

Cash Flow 52

Cash Flow Accounting Profitability Residential 52

Levelset

JULY 18, 2022

Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Make a growth plan to stay focused on your goals. Review your cash flow regularly.

Cash Flow 52

Cash Flow Accounting Profitability Legal 52

Levelset

JULY 15, 2022

Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Establish a plan for growth that will transform your business. Review your cash flow regularly.

Electrical 52

Electrical Cash Flow Accounting Profitability 52

Construction Business Owner

MAY 29, 2012

With so many sources of information, it’s never been more important to take charge and develop a business information plan. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. This places a strain on operational efficiencies. February 2009. January 2009. December 2008. November 2008. October 2008. August 2008.

Construction 120

Construction Software Software Cash Flow 120

Construction Business Owner

JANUARY 31, 2012

While some of your company’s corporate image will come about naturally based on the work that you do and the manner in which you do it, companies that have a specific plan in place to create a corporate image have much more control over how they are perceived. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->.

Construction 185

Construction Software Software Accounting 185

Levelset

JULY 22, 2022

Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Make a clear business plan aimed at growth. Keep the cash flowing like water down a valley.

Cash Flow 52

Cash Flow Overhead Accounting Profitability 52

Construction Business Owner

MAY 31, 2011

ROPE stands for Research, Organize, Plan, and Execute. The planning phase begins when our analyst designs the application from the user’s perspective. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. We then provide a design methodology to follow. Research to gather information. February 2009.

Construction 149

Construction Software Software Accounting 149

Construction Business Owner

NOVEMBER 3, 2011

Rather than learning about the project in a “drive by” data dump hours before mobilization, the superintendent has becomes an instrumental cog in the preconstruction planning process. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. February 2009. January 2009. December 2008. November 2008. October 2008.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

JANUARY 5, 2012

Check out McGraw Hill’s Dodge Plan Center and their Network Express site. There are also local, regional and even national plan centers that have bidding project information that might help. In the meantime, keep in mind that spending a little time planning now can pay off in increased efficiency and better job performance later.

Construction 120

Construction Bidding Software Software 120

Construction Business Owner

FEBRUARY 2, 2012

And because of the environment we work in, there are procedures to be followed, communication channels to be adhered to and process that has to happen to keep things legal and everyone properly informed. Without good document management, you may lose emails, plans, sketches, and correspondence related to the issue. February 2009.

Construction 120

Construction Software Software Documentation 120

PSMJ Resources

JANUARY 2, 2013

Bottom line – It is okay to be an opportunistic buyer or seller as long as the opportunity fits within your strategic or personal plan. Get all of your financial and legal ducks in a row. Buyers and sellers both realize that some degree of legal and financial due diligence is necessary in any deal. Be patient. It takes time.

Deals 43

Deals Cash Flow Budgeting Budget 43

Building Information Management

JANUARY 15, 2016

Any large build portfolio owner who doesn’t have the ability to strategically plan, construction cost estimate, review contractor bids, conduct mutual site walks, monitor construction project in a transparent and consistent manner, etc.

Management 40

Management Renovating Cash Flow Life Cycle 40

Construction Business Owner

MARCH 6, 2011

Better yet, what would you do if you suddenly found more work than you planned on? To the contrary, planning such as this allows you a dashboard into your business that your competitors that don’t do this type of testing won’t have. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

OCTOBER 10, 2011

They are the ones who take the time to reflect and engage in strategic planning–and perhaps most importantly understand how to crunch the numbers. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. What I can tell you is encouraging: There are contractors who are succeeding in this economic climate.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

JULY 12, 2012

For example do you know how easily your project team can access construction plans and specs? So focusing on a plan to improve project document management is a great start to better project communications. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. The quality of your communications matters.

Construction 136

Construction Documentation Software Software 136

Construction Business Owner

APRIL 21, 2011

You have the right people on board; so now give them a solid game plan to make this new technology work. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. If they are not genuinely accepting of the change or its usage is over their heads, the technology, no matter how good, is likely to fail. February 2009.

Construction 136

Construction Software Software Accounting 136

Construction Business Owner

FEBRUARY 16, 2012

Sometimes, as you know, project documents can devote an entire plan sheet or spec section to a list of abbreviations and acronyms. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. The construction industry is no different. Acronyms are everywhere – RFI, CCD, EP, UNO, WDW, HSS and on and on. February 2009.

Construction 136

Construction Software Software Accounting 136

Construction Business Owner

APRIL 26, 2012

Legal language is often unclear, resulting in differences in interpretations that can disrupt and delay projects, increasing costs. For every phase you finish under budget, there may be an unexpected problem waiting to wipe out any savings that you’ve planned and budgeted for. Know the Contract and Budget. February 2009. January 2009.

Change Orders 120

Change Orders Construction Profitability Software 120

Construction Business Owner

SEPTEMBER 13, 2011

PLAN AHEAD and have a Go Live date in mind. Then you can create a realistic implementation plan. But you can consider new software anytime, and the best way for you to figure out your going live date is to PLAN and give yourself plenty of time (the more the better!). You can follow any responses to this entry through the RSS 2.0

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

JANUARY 12, 2012

Obviously to bid a job, you have to access the documents, which can be costly to say the least when you consider the costs of plan room memberships and purchasing and printing documents. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. February 2009. January 2009. December 2008. November 2008. October 2008.

Bidding 149

Bidding Construction Documentation Software 149

Construction Business Owner

FEBRUARY 1, 2011

I dream about Foundation, and I make plans for its future. That’s not to say that they always turn out the way I plan. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. The challenge ahead is to make that leap from “Good-To-Great.”. February 2009. January 2009. December 2008. November 2008. August 2008.

Construction 136

Construction Software Software Foundation 136

Contractor Bookkeeping

NOVEMBER 18, 2013

And as always, we recommend you have any legal document reviewed by your attorney or legal counsel before using it. The second one shown below offers a FREE guide and the related sample plans to help you build your safety program. They are all from the Washington State Department of Labor & Industries website.

Accidents 48

Accidents Accounting Construction Profitability 48

Construction Business Owner

OCTOBER 14, 2011

Yet it’s a surprisingly common practice for business owners to bid at losses, and when I ask them how they plan to come out in the black on the other side of these projects, the nearly universal answer is “We’ll make it up in change orders.” But it’s not easy money, and it’s certainly not money we plan for.”.

Change Orders 120

Change Orders Construction Software Software 120

Construction Business Owner

OCTOBER 20, 2011

At the time, we still couldn’t see plans or email pictures back and forth, but the fact that we could call in a change or talk to someone in the office took hours off of the work week. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. The Two-Way Data Street. February 2009. January 2009. December 2008.

Construction 136

Construction Software Software Project Management 136

Autodesk Construction Cloud

DECEMBER 18, 2021

The right construction closeout plan, starting well before actual closeout, is essential to a seamless client handover. The first step is to track every part of the project to streamline reviewing legal terms and change orders, for example. Your Project Closeout Plan Will Make or Break Your Project. Key Takeaways.

Change Orders 52

Change Orders Documentation Equipment Risk 52

Construction Business Owner

MARCH 8, 2012

Step 2: Make a plan and figure out the data you need to collect. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. But the point here is that contractors are often already sitting on a wealth of data just waiting on the right structure to turn it into useful information. Successful Construction Data.

Construction 120

Construction Software Software Accounting 120