Levelset

JULY 25, 2022

Working capital measures the difference between a construction company’s current assets and current liabilities. Businesses whose assets (like cash, accounts receivable, inventory, or materials) exceed the value of their liabilities (like wages, debts, vendor payments, or overhead costs) have working capital to use to maintain or grow.

Debt 97

Debt Cash Flow Equity Finance 97

Levelset

AUGUST 16, 2022

However, larger projects come with greater risks and additional challenges. Large, multi-year projects are also more likely to face risks from potential economic changes, supply chain issues, and other unforeseen pressures that can threaten them. It is also helpful to provide the surety with a cash flow projection for the project.

Risk 52

Risk Cash Flow Construction Banking 52

Autodesk Construction Cloud

DECEMBER 18, 2021

Risk assessment is the fifth step and requires you to identify potential risks or liabilities that could arise in the future. Any time the critical documents you need are in an easy to lose, easy to destroy format like paper, you take on risk. Step 5: Risk Assessment. Tools like Construction IQ can help.

Change Orders 52

Change Orders Documentation Equipment Risk 52

Construction Business Owner

JANUARY 12, 2012

I was in a conference room full of general contractors a couple of years ago, and the presenter asked, “How many of you prequalify your subcontractors?” While documentation management and team member prequalification may seem fairly obvious sources of added costs and risks, administrative costs may not seem so obvious. Recent Posts.

Bidding 149

Bidding Construction Documentation Software 149

Construction Business Owner

FEBRUARY 9, 2012

While not every contractor has the resources to create their own “app,” the need for construction applications is present, and demand is growing. Current software providers can jump on the bandwagon, or risk losing out to new developers, or perhaps even these specialty apps created by contractors. Wally Evans Blog.

Software 120

Software Software Construction Accounting 120

Construction Business Owner

OCTOBER 14, 2011

This seems to present a “darned-if-you-do-darned-if-you-don’t” situation. But most of the risks are either things within your control, or are at least calculated on likely outcomes. Change orders can be harder to manage – and present more of a profitability challenge – than pre-planned project work.

Change Orders 120

Change Orders Construction Software Software 120

Autodesk Construction Cloud

SEPTEMBER 1, 2022

There’s seemingly no risk of losing money on materials. First, you’ll need to keep track of all of your expenses and be prepared to present them. These agreements limit the cost-risk for the customer. It also places the majority of the risks on the contractor. The risk and reward parties (i.e., That’s the “plus.”

Contract 98

Contract Maine Construction Agreement 98