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3 cash flow forecasting tips for your next big construction project

Viewpoint Construction Technology

Effectively managing cash flow is critical for contractors’ success. Considering these complexities, it’s easy to understand why, throughout the life of a project, a variety of things can change — directly impacting the original cash flow forecast. Create Rolling Enterprise Cash Flow Forecasts.

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5 Critical Construction Project Reports your System Should Pull Without Fuss

Viewpoint Construction Technology

The main reason construction businesses implement an integrated project management system is for the visibility that they can gain over every aspect of a project. Here’s a list of key reports that you should be able to pull at any moment from your construction project management software: Basic Accounting Reports.

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Don’t Waste a Good Recession

Viewpoint Construction Technology

Having the ability to predict an economic downtown can help contractors manage cash and make appropriate decisions during a recession. How will a recession impact projects or contractual obligations? Bottom line: most construction jobs are completed by humans, but there aren’t enough humans to complete construction projects.

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Data Analytics Trends in Construction

Viewpoint Construction Technology

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.

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Business Intelligence for Construction is On the Rise & It’s Obvious Why Contractors are Loving It

Viewpoint Construction Technology

Each project carries a significant amount of risk including countless safety issues, stringent regulations or contractual obligations, weather delays, lack of qualified labor, subcontractor performance and inconsistent cash flows, just to name a few. Patti Smith, Business Process Manager, Ideal Contracting.

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Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. General Management. People Management. Equipment Management. In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs. Learn how better change order management and forecasting can help prevent profit fade. construction management.

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Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. General Management. People Management. Equipment Management. Connecting within the Construction Company » Free Webinar: Managing Information Overload. Managing this information overload can be difficult. Committing Intentional Project Communications. construction management.