Contractor Bookkeeping

MAY 2, 2013

In this case the "Hammer" is a change order. 3% of your customers are "Grinders" and will try to take all your profit by telling you too "Sharpen Your Pencil" which means do the job for just over your hard cost for material and whatever you pay your employees in gross wages with no allowance for overhead costs.

Change Orders 48

Change Orders Contractors Cash Flow Profitability 48

Construction Junkie

SEPTEMBER 25, 2020

Unsatisfied with stopping at direct cost, the researches at Navigant then turned their attention to overhead costs, which include managerial, supervisor, and site safety costs. Stakeholder Participation Early and Often Up front communication between all interested parties avoids confusion and possible changes.

Change Orders 103

Change Orders BIM Documentation Overhead 103

Rory Woolsey

FEBRUARY 16, 2012

If you think about it there is a direct relationship to change orders on public funded design-bid-build jobs and the quality of the bidding documents. If you want tight bids and minimal change orders than bidding documents should be well defined with little room for interpretation. construction consultants.

Estimating 40

Estimating Bidding Negotiation Contract 40

Contractor Bookkeeping

AUGUST 6, 2014

Did change order work that you never got paid for doing and never will. Each major category, Sales, Cost of Goods Sold, Overhead, Other Expenses and Other Income are rated on a scale of top 25%, middle 50% and bottom 25%. Call Sharie 206-361-3950 or sharie@fasteasyaccounting.com and schedule your no charge one-hour consultation.

Finance 48

Finance Accounting Construction Banking 48

Job Order Contracting

JULY 29, 2021

Adversarial, change-order-oriented environment is common between owner, A/E, and contractor. Bid shopping can occur and actual overhead and profit amounts are unknown. Change orders may be reduced versus DBB due to A/E-contractor collaboration and contractual relationship. Disadvantages. Advantages. Disadvantages.

Design 130

Design Bidding Engineering Construction 130

cnstrctr

JANUARY 20, 2019

If there is one thing an owner instinctively get’s their back up about it’s change requests in construction. The concept behind a change request is simple – the owner, consultants or project requirements involve doing something different than the contract documents. Preparing The Change Quotation.

Documentation 60

Documentation Construction Contract Consulting 60

Contractor Bookkeeping

MAY 31, 2013

High Overhead Costs (in-house server). Midsize Construction Companies who view construction accounting as an “Overhead Expense” or "Waste of Money" will try to get buy on the cheap. I keep losing money on change orders can you help stop the money leaks? We have a process for managing change orders.

Contractors 48

Contractors Accounting Change Orders Software 48