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. Reducing Risk and Increasing Safety.

Construction 225

Construction Software Software Cash Flow 225

Autodesk Construction Cloud

DECEMBER 12, 2021

Below, let’s discuss the importance of construction KPIs and critical metrics your company should be measuring to affect profits and productivity. Construction teams need to track more than financials to determine a project’s success. A safer site incurs less risk and long-term costs. Key Takeaways.

Profitability 52

Profitability Products CFMA Construction 52

Pro Builder

APRIL 19, 2021

The construction industry has gone through an extensive transformation, and technology has completely changed the concept of how to drive more quality, productivity, and profit into projects. 2) Time & Productivity Management. 5) Material Planning & Document Management. 5) Material Planning & Document Management.

Software 52

Software Software Contractors Change Orders 52

Viewpoint Construction Technology

FEBRUARY 7, 2019

Considering contractors face ongoing high pressure to perform and operate with razor-thin profit margins, there’s no doubt: construction is a challenging industry. Convenient Dashboards with Accurate, Relevant Data. “We

Contractors 161

Contractors Cash Flow Construction Management 161

Lets Build

JULY 8, 2022

Some companies have introduced limits on the number of staff in defined areas, while the increasing adoption of RPE (rate of perceived exertion) also helps to mitigate risks. We recommend a post-COVID risk assessment on IT systems, probing for weaknesses. There’s been greater adoption of flexible work schedules.

Industrial 148

Industrial Construction Cash Flow Retail 148

Construction Business Owner

APRIL 5, 2012

Green Construction & Construction Software » The Business of Construction Risk Management. With every project, no matter how big or small, there is always risk – risk of injury, financial responsibility, or quality assurance. And risk can be a profit center, since insurance companies obviously make money.

Risk 120

Risk Insurance Construction Software 120

Job Order Contracting

DECEMBER 13, 2020

Organizations that do not implement and continuously import upon a program-based approach, under which all projects a planned, procured, and executed, suffer from unclear objectives , shifting requirements , unrealistic schedule s, and reactive planning , Poor planning and poor change management impede individual project successes.

Project Management 161

Project Management Capterra Organization Management 161

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. Avoid over and under billing.

Cash Flow 59

Cash Flow Management Profitability Change Orders 59

Construction Cost Estimating

FEBRUARY 21, 2012

Construction Project Management & accounting software plays a vital role for construction companies. Now-a-days industry-specific project management software plays an important role for expanding integrated project management modules to participate with the leading stand-alone project management systems.

Project Management 40

Project Management Software Software Accounting 40

Construction Business Owner

DECEMBER 6, 2011

In running a business, there must always be a certain amount of risk that you’re willing to take. Risk is healthy; it keeps things fresh and gives you the opportunity to evolve. I took a risk in 2005 and dressed up as Superman for a marketing campaign. Or you could take a risk in offering a new product. Management.

Construction 195

Construction Software Software Accounting 195

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. Project Management. Document management. Click To Tweet. Estimation tool.

Procurement 63

Procurement Plans Construction Budgeting 63

Construction Business Owner

MARCH 1, 2012

« Collaborating on Cash flow. According to my friend Eric Carter, President of Approach Technology , simplistic passwords are the biggest security risks. Your risk will decrease significantly. Committing Intentional Project Communications. Better Project Management through Better Communication.

Construction 120

Construction Cash Flow Security Software 120

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. Project Management. Document management. ” username=””]. Estimation tool.

Procurement 52

Procurement Plans Construction Budgeting 52

Civil Lead

APRIL 22, 2020

Material cost is almost 60 to 70 % of the house and when you give a material contract the contractor will add his profit on all material cost which may be between 7 to 15 % and it will increase the cost of the house by almost 5 to 10 %. Hence he has to manage and plan the fund from the beginning that is day one the cash flow has to be strong.

Contract 52

Contract Materials Housing Bargains 52

Construction Business Owner

OCTOBER 14, 2011

.” 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. But most of the risks are either things within your control, or are at least calculated on likely outcomes. Committing Intentional Project Communications.

Change Orders 120

Change Orders Construction Software Software 120

Construction Business Owner

FEBRUARY 2, 2012

In the end, jobs must translate to bottom-line profitability.” In this article, Schoppman explains how business owners should evaluate construction professionals on specific criteria to enhance margin, improve productivity and hedge construction risks. Committing Intentional Project Communications. construction management.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

AUGUST 19, 2011

These are risk takers, men and women who are driven to hustle and make a profit—not the sitting still type. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. construction management software. document management.

Construction 120

Construction Software Software Accounting 120

Autodesk Construction Cloud

DECEMBER 18, 2021

However, 77% of projects experience some form of schedule overrun , so a project that is on pace to finish on time is a cause for celebration. The final days of a project have a huge impact on your overall profitability and success—as the saying goes, projects are remembered not by how they start but how they finish.

Change Orders 52

Change Orders Documentation Equipment Risk 52

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

Contractor Bookkeeping

AUGUST 13, 2014

I Do Like Managed Risks - Which is anything I can control the input and have a greater than breakeven chance of making a profit. Knowledge Leads To Profits And Cash Flow. One Tiny Bit Of Knowledge High Profit Contractors. At 10% Profit You Need $15,544.20 More Sales To Maintain Profit Margin.

Contractors 48

Contractors Accounting Profitability CA 48

Construction Business Owner

OCTOBER 10, 2011

We had a spreadsheet to calculate our current earned value on jobs that a project manager intern put together for us. I remember how thrilled we were to drop our project information in, ‘turn the crank,’ and have this information pop out. Committing Intentional Project Communications. construction management.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

JUNE 1, 2013

The First Place to start is an understanding the real profit in any construction is made in the office, not in the field because hard work in the field cannot overcome bad strategy from the office. The Key To Maximizing Profits is finding the right mix of production and resources. Grow By The Inch Is A Cinch, Grow By The Yard Is Hard.

Products 48

Products Profitability Construction Cash Flow 48

Construction Business Owner

JANUARY 12, 2012

While documentation management and team member prequalification may seem fairly obvious sources of added costs and risks, administrative costs may not seem so obvious. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. Management.

Bidding 149

Bidding Construction Documentation Software 149

Construction Business Owner

APRIL 12, 2012

« The Business of Construction Risk Management. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. construction management software. document management. Management. project collaboration.

Construction 120

Construction Certification Green Software 120

Construction Business Owner

FEBRUARY 23, 2012

I think it’s safe to say that when most people say they’re concerned with security, they’re concerned with mitigating the risk of fraud, both internally and externally, and physical access to the data. Committing Intentional Project Communications. Better Project Management through Better Communication. Management.

Security 120

Security Construction Software Software 120

Construction Business Owner

FEBRUARY 9, 2012

Current software providers can jump on the bandwagon, or risk losing out to new developers, or perhaps even these specialty apps created by contractors. Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. construction management software.

Software 120

Software Software Construction Accounting 120

Construction Business Owner

MARCH 29, 2012

The Business of Construction Risk Management » The Fundamentals of Building Information Modeling (BIM). Committing Intentional Project Communications. Better Project Management through Better Communication. construction management. construction management software. document management.

Construction 120

Construction BIM Software Software 120

Construction Business Owner

JANUARY 4, 2011

Some well managed businesses took some overly aggressive risks and are no longer with us. Most poorly managed businesses aren’t with us, either. Not to double digit profit growth and sales increases, but to a more sustainable, long term path. Committing Intentional Project Communications. Management.

Construction 120

Construction Software Software US 120

Contractor Bookkeeping

MARCH 13, 2014

The truth is the most successful, wealthy, highly profitable construction contractors don''t like change. Six keys helped us out perform other contractors in terms of cash flow and profit year after year regardless of the economic conditions: I was raised in a construction family. Never, never let your C.P.A.

Accounting 48

Accounting Construction Contractors Profitability 48

Autodesk Construction Cloud

OCTOBER 28, 2021

The “why” behind having good data is clear—making good decisions to empower better project outcomes and profitability. Workflow guidance on flexible budget structures, contract generation for commitments, collaborative change order workflows, and cash flow forecasting. Manager of Strategic Alliances, Autodesk.

Autodesk 52

Autodesk Industrial Construction BIM 52

Autodesk Construction Cloud

OCTOBER 28, 2021

Relieve these common GC headaches by getting project teams on the same page. Your construction project management skills are constantly put to the test. And you have to do all that within a contracted amount of time with razor-thin profit margins. . Being a general contractor (GC) isn’t easy. Register NOW.

Project Management 52

Project Management Management Documentation Construction 52

Autodesk Construction Cloud

MAY 5, 2023

Historically, accounting and IT departments have managed enterprise resource planning (ERP) environments and forced project management teams to make these solutions work for operations. ERPs can be configured to meet the needs of accounting teams, and their on-prem deployment allowed IT to control accessibility.

Office 52

Office Autodesk Accounting Project Management 52

Contractor Bookkeeping

JANUARY 2, 2015

The idea was you would do all the work they would get half the profits and you politely refused, or not? Tax Advantages For LLC or a Sub S - If you do not setup your corporation correctly the profit or loss from your business will be passed through to the owners as normal income. 20% Of The Contractors Earn And Keep 80% Of The Profits.

Construction 48

Construction Insurance Accounting Claims 48

Autodesk Construction Cloud

SEPTEMBER 1, 2022

Knowing which contract to use when is critical to ensuring a successful outcome in delivery, customer satisfaction, and profit. Knowing which general construction contract to use and when to use one is vital to a successful project, your customers’ satisfaction, and your profits. Plus, you know you’ll incur a profit.

Contract 98

Contract Maine Construction Agreement 98

Contractor Bookkeeping

JUNE 20, 2014

You do all the work they get half the profits and you politely refuse. Tax Advantages For LLC or a Sub S - The profit or loss from your business is passed through to the owners as normal income. Payment terms put you in never ending negative cash flow by loaning the customer money at 0% and borrowing on your credit cards at 24%.

Insurance 48

Insurance Construction Accounting Claims 48

Viewpoint Construction Technology

APRIL 2, 2019

The cloud is making construction management much simpler, productive and profitable. Amazingly, there are still a large number of contractors that have not taken advantage of recent software and technology advancements like cloud computing and integrated construction management software platforms. Benefits of Updates.

Construction 214

Construction Software Software Viewpoint 214

Autodesk Construction Cloud

FEBRUARY 1, 2022

Poor quality construction can have a negative impact on the ability to close out a project. Up to 60% of general contractors say it has a high or very high negative impact on profitability. At its core, quality in construction means that a project is completed within the defined guidelines set out in the Scope of Work.

Management 97

Management Construction Risk Documentation 97