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A Cash Flow Guide for Architects

Levelset

However, like any other business, you need to maintain positive cash flow or you may find yourself unable to pay your workers and other expenses. Let’s take a look at the basics of cash flow and how architects can budget their expenses and forecast their income to stay in good financial standing. Cash flow basics.

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Service Agreements Can Improve Contractors Cash Flow And Profits

Contractor Bookkeeping

In the meantime, service agreement customers are a source of cash flow and are predetermined to call you instead of your competition when repairs are necessary. Keep The Service Agreement Cash Separate. One of the best parts is you have an immediate increase in cash flow.

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The Seven Ages of a Business

Constructonomics

Investors and loans are the main sources of money – usually from friends, family, a day job and government grants. 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. Professional advice and business plans are vital now. The start-up stage.

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8 Main Types of Construction Contracts

Autodesk Construction Cloud

They also include overhead costs such as insurance, mileage, a portion of your office rent. The GMP includes costs for labor, materials, overhead, and a percentage of those costs to generate a profit. These types of construction contracts also make administration and cash flow estimates easy. . That’s the “plus.” .

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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. 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. Well, not exactly.

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Sparkie, Bricky, Drippy, Chippy and all fluent in BIMmy!

DebunkTheBIM

their chargeable hours carry the burden of much more than what it would be reasonably expected to go for overheads. The small operators lug the costs of working in a volatile industry, expensive tools, taxes and regulations, uneven cash-flow, bad weather. Picture from here: [link] Refs from here: [link]

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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. 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. Well, not exactly.