Fieldwire

AUGUST 14, 2023

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. Retainage can cause a cash flow burden for contractors, especially subs at the bottom of the payment chain. Retainage is no different.

Contractors 98

Contractors Cash Flow Lien Negotiation 98

Lets Build

AUGUST 4, 2023

During any project, the execution stage is usually the most important — it determines the trajectory and timelines of the entire project. Getting your project off on the right foot can minimize bottlenecks and breakdowns down the road and ensure successful deliverables. This allows you to work within the budget.

Software 78

Software Software Construction Budgeting 78

Lets Build

AUGUST 4, 2023

During any project, the execution stage is usually the most important — it determines the trajectory and timelines of the entire project. Getting your project off on the right foot can minimize bottlenecks and breakdowns down the road and ensure successful deliverables. This allows you to work within the budget.

Software 78

Software Software Construction Budgeting 78

Contractor Bookkeeping

MAY 5, 2014

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. The price of a service agreement must pay for the corresponding maintenance and whatever is left after the cost of material, labor and other costs is gross profit.

Cash Flow 48

Cash Flow Agreement Profitability Contractors 48

Job Order Contracting

DECEMBER 13, 2020

First and foremost is important to understand that all projects are exercises in managing change. The fact that variation is going to occur (relative to planned activities and outcomes) during the project is a given. Traditional construction project delivery is antiquated, outdated, antagonistic, and prone to failure.

Project Management 161

Project Management Capterra Organization Management 161

Pro Builder

APRIL 19, 2021

For practices like estimates, time tracking, project management, change order management, accounting, and other key processes, mechanical contractor software has helped complete jobs more efficiently and effectively. 2) Time & Productivity Management. 5) Material Planning & Document Management.

Software 52

Software Software Contractors Change Orders 52

Viewpoint Construction Technology

OCTOBER 23, 2018

Construction sites these days have no shortage of data: design and BIM data from the planning stages of a project, jobsite data collected by wearables, mobile devices and sensors on equipment/materials, accounting and job progress data from the office, project management data and much more.

Construction 225

Construction Software Software Cash Flow 225

Levelset

JUNE 3, 2022

Construction contractors face potential loss with each project they take on. When a loss occurs, it can put a real crunch on a contractor’s cash flow. Project loss insurance has the potential to save contractors from devastating project losses, no matter the cause. Project loss insurance coverage.

Insurance 52

Insurance Cash Flow Claims Contractors 52

Autodesk Construction Cloud

JANUARY 19, 2022

Cash flow can make or break any business, especially in the construction industry. To successfully grow, construction firms need to effectively manage cash flow to procure materials, pay vendors and salaries, fund new projects, and finance other day-to-day business operations.

Cash Flow 59

Cash Flow Management Profitability Change Orders 59

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. Speed Up Receivables. Any price adjustments.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68

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. Speed Up Receivables. Any price adjustments.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52

ProcurementExpress.com

FEBRUARY 11, 2019

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. You’re dealing with subcontractors, labor shortages, sourcing, and multiple projects on multiple deadlines. Multiple Projects at Once. Project Management. Document management. Click Here.

Procurement 63

Procurement Plans Construction Budgeting 63

ProcurementExpress.com

FEBRUARY 11, 2019

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. You’re dealing with subcontractors, labor shortages, sourcing, and multiple projects on multiple deadlines. Multiple Projects at Once. Project Management. Document management. Estimation tool.

Procurement 52

Procurement Plans Construction Budgeting 52

Construction Business Owner

AUGUST 30, 2011

MANAGEMENT |. General Management. People Management. Equipment Management. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. construction management software. document management. document management.

Construction 168

Construction Software Software Accounting 168

Construction Business Owner

OCTOBER 20, 2011

MANAGEMENT |. General Management. People Management. Equipment Management. Not too long ago, or so it seems, we were more than ecstatic at the idea of being able to call our project managers in the field on mobile phones. STRATEGY |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |.

Construction 136

Construction Software Software Project Management 136

Construction Business Owner

APRIL 26, 2012

MANAGEMENT |. General Management. People Management. Equipment Management. Legal language is often unclear, resulting in differences in interpretations that can disrupt and delay projects, increasing costs. Also make sure your project managers understand the contract language fully. STRATEGY |.

Change Orders 120

Change Orders Construction Profitability Software 120

Lets Build

MAY 20, 2020

One of the main incentives behind this strong digital shift has to do with their need to support an efficient and straightforward remote-working strategy that is continuously gaining popularity among designers, engineers, project managers, etc. Find out more: How to manage your construction sites during and after COVID-19.

Construction 179

Construction Innovation Industrial BIM 179

Construction Business Owner

OCTOBER 26, 2011

MANAGEMENT |. General Management. People Management. Equipment Management. Rarely does a finished project exactly mirror the original plans. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. Management.

Construction 159

Construction Software Software Bidding 159

Construction Cost Estimating

MAY 17, 2018

Consultant / Client Quantity Surveyor or PQS They perform a wide array of activities which range from cost planning, value management, feasibility studies, cost benefit analysis, life cycle costing, tendering, valuation, dispute resolution and cost estimating.

Estimating 40

Estimating Cash Flow Liability Life Cycle 40

ProcurementExpress.com

AUGUST 12, 2019

Construction daily reports are a vital part of managing construction projects. They provide an ongoing record of incidents, conditions, and the full range of tasks related to a project in progress. The problem is that supers and project managers often skip out on daily reporting or breeze through the steps.

Documentation 81

Documentation Contract Site Budgeting 81

Construction Business Owner

MAY 17, 2012

MANAGEMENT |. General Management. People Management. Equipment Management. I think the main areas we need to concentrate on in the construction industry and ergonomics are the hand and power tools workers utilize, material handling equipment, employer and employee training. construction management.

Construction 120

Construction Software Software Injury 120

Construction Business Owner

OCTOBER 14, 2011

MANAGEMENT |. General Management. People Management. Equipment Management. ” Every construction project is a gamble – you’re betting that your estimate is accurate, that labor and material prices don’t go through the roof, etc. Change orders cost a company more than labor and materials.

Change Orders 120

Change Orders Construction Software Software 120

Autodesk Construction Cloud

NOVEMBER 8, 2022

To help you do that, this post covers the essentials of managing the supply chain in construction. You will learn the benefits of supply chain management, strategies to improve, and leading technologies in the market today. . What is Construction Supply Chain Management? . Let’s dive in! . Choose the right partners

Management 98

Management Construction BIM Materials 98

Construction Business Owner

MARCH 22, 2012

MANAGEMENT |. General Management. People Management. Equipment Management. This week, I thought I’d take a break from discussing the usual construction business management topics, and focus on marketing your business. Marketing can seem a bit mysterious to a business owner or manager. document management.

Construction 120

Construction Software Software Accounting 120

Lets Build

APRIL 6, 2022

Almost every construction professional faces the same problem – cash flow. Large upfront costs and long waiting periods between payments are a normal occurrence; retainage adds to this cash flow problem for contractors and project managers. Retainage percentages and negotiations.

Cash Flow 147

Cash Flow Lien Construction Negotiation 147

ProcurementExpress.com

AUGUST 12, 2019

Construction daily reports are a vital part of managing construction projects. They provide an ongoing record of incidents, conditions, and the full range of tasks related to a project in progress. . The problem is that supers and project managers often skip out on daily reporting or breeze through the steps.

Documentation 52

Documentation Contract Site Budgeting 52

Construction Business Owner

MAY 17, 2012

MANAGEMENT |. General Management. People Management. Equipment Management. It’s kind of like having my tools and materials stored in my shop. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. Management.

Construction 120

Construction Software Software Security 120

Contractor Bookkeeping

APRIL 1, 2014

We show you how to remove unique cash flow bottlenecks which are common in contractors bookkeeping, that results in more money in the bank, reduced overhead and lowers their stress level. Put the wrong part in the wrong place on the job and it may cost a few dollars in time and material to fix it. Can You Relate To This?

Accounting 49

Accounting Contractors Project Management Cash Flow 49

Construction Business Owner

APRIL 4, 2011

MANAGEMENT |. General Management. People Management. Equipment Management. As part of the team of people that assemble raw materials into a facility, we have to be able to answer this question. Committing Intentional Project Communications. Better Project Management through Better Communication.

Construction 120

Construction Software Software Accounting 120

Autodesk Construction Cloud

FEBRUARY 1, 2022

Everything you need to know about construction quality and how to manage it. We’ll take a deep dive into all the ways you can ensure your next construction project excels in quality. Quality in construction means that projects are finished within the guidelines established by the Scope of Work.

Management 97

Management Construction Risk Documentation 97

Contractor Bookkeeping

JULY 27, 2012

Assets of Company - Cash / Receivables – Payables / Trucks / Tools / Equipment / Material. Assets of Firm - Cash / Business Process / Sales Process / Client List / Predictable Cash Flow. BPM – Business Process Management for construction company owners to grow passive income streams.

Contractors 63

Contractors Cash Flow Construction Accounting 63

ProcurementExpress.com

JANUARY 2, 2019

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. ” username=””].

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

Contractor Bookkeeping

AUGUST 30, 2013

There are a number of trade secrets and specific Business Process Management (BPM) systems that some of our contractor clients use to generate astronomical profits that we are not allowed to share. Job Material Inventory Costs. Supply Chain Management Costs. Change Order Management. Material Staging.

Profitability 48

Profitability Contractors Accounting Cash Flow 48

ProcurementExpress.com

NOVEMBER 30, 2016

An inexperienced project team. A project manager that is inexperienced or who does not have the owner’s best interest in mind can also present problems to a project. Planning helps the team bring all the resources, materials and tools together at the right time.

Risk 52

Risk Construction Plans Structural Engineering 52

Contractor Bookkeeping

JUNE 6, 2013

Apprentices and most Journeymen working on a construction job site are better off not thinking but simply following routines and patterns established by management based upon best practices. We hired our contractor clients to handle the majority of the work and I was the project manager. They Will Injure Themselves!

Injury 49

Injury Products Construction Cash Flow 49

Contractor Bookkeeping

AUGUST 25, 2014

Many commercial property owners have been putting off sealing parking lots, painting, renovating and other general maintenance projects due to the lack of cash flow. Business Process Management (BPM) For Contractors. Pent Up Demand #01 - Deferred maintenance. We Remove Contractor''s Unique Paperwork Frustrations.

Contractors 48

Contractors Accounting Hawaii Profitability 48

ProcurementExpress.com

JANUARY 2, 2019

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. Click To Tweet.

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40