Construction Knowledge

DECEMBER 3, 2012

The Kentucky Transportation Cabinet (KTC) and the Indiana Finance Authority (IFA) want to build two 2500′ cable stayed bridges spanning the Ohio River. They engaged Engineering firms to produce conceptual bridge designs, estimated costs and schedules. The Indiana project had a price of $763M US.

Kentucky 40

Kentucky Indiana Schedule Change Orders 40

Construction Business Owner

NOVEMBER 3, 2011

Accounting & Finance. Being the Best » The New Estimating Tool – Superintendents. Estimating departments have added a new tool to their repertoire – superintendent and foremen input. change orders. Tags: construction operations , estimating , FMI , Gregg Schoppman. MANAGEMENT |. ACCOUNTING |.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

NOVEMBER 3, 2011

Accounting & Finance. The New Estimating Tool – Superintendents » So You Want to Buy New Construction Software. If you’ve ever spent more than a few minutes searching for approved change orders or time cards, you’ll quickly realize the advantages of this type of system. change orders. SOFTWARE |.

Cash Flow 120

Cash Flow Construction Software Software 120

Construction Business Owner

APRIL 1, 2011

Accounting & Finance. One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. Learn how better change order management and forecasting can help prevent profit fade. change orders. MANAGEMENT |.

Cash Flow 120

Cash Flow Construction Software Software 120

Construction Business Owner

JULY 5, 2011

Accounting & Finance. However, estimates show in order to properly maintain the current system and expand it to meet future needs, we need to invest $225 to $340 billion annually.”. AEM estimates that 35,000 jobs—many of which are in construction— are created every time $1 billion is invested in our infrastructure.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

OCTOBER 10, 2011

Accounting & Finance. What I heard is that finding the right person for an estimator and a project manager is crucial to success. In the meantime, what do you think makes a strong PM or estimator and how do you hire A players? change orders. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

NOVEMBER 8, 2011

Accounting & Finance. « The New Estimating Tool – Superintendents. change orders. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Software & Technology. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations.

Construction 174

Construction Software Software Accounting 174

Contractor Bookkeeping

JULY 28, 2014

Change Orders and Related Payments. Project Baseline, Changes and Payments To Report? Change Orders and Related Payments. Project Baseline, Changes and Payments To Report? When a construction project grows beyond two invoices, and you add job deposits and change orders the process gets real tricky.

Contractors 48

Contractors Change Orders Accounting Cash Flow 48

Construction Business Owner

APRIL 21, 2011

Accounting & Finance. Or maybe your accounting is solid, but your estimating is done using spreadsheets and it’s time to look into a trade-specific estimating program. change orders. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Software & Technology.

Construction 136

Construction Software Software Accounting 136

Construction Business Owner

FEBRUARY 2, 2012

Accounting & Finance. When evaluating estimators, he says, “Business owners should not base estimating success simply on jobs awarded. change orders. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Software & Technology. Construction Law. People Management.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

JUNE 21, 2012

Construction Companies - Need short term liquid working capital such as cash, lines of credit, loans, owner financing, credit cards, supplier accounts and other forms of money to conduct daily operations. What Often Happens - Is that contractors hate paperwork preferring to keep everything in their head.

Profitability 48

Profitability Contractors Banking Change Orders 48

Construction Business Owner

NOVEMBER 17, 2011

Accounting & Finance. This in turn lets the estimators use equipment rates that are spot on when estimating forthcoming work, which helps to get new work, and bring that work in profitably. change orders. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. August 2008.

Construction 136

Construction Software Software Equipment 136

Construction Business Owner

JANUARY 5, 2012

Accounting & Finance. One way to bid more work, without giving your estimator a quick trip to the funny farm, is to identify additional sources of project bid lists. change orders. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Software & Technology. Construction Law.

Construction 120

Construction Bidding Software Software 120

Construction Business Owner

FEBRUARY 17, 2011

Accounting & Finance. Today, new software applications – in job cost accounting, project management, estimating, etc. change orders. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Software & Technology. Construction Law. People Management. Green Building. January 2009.

Construction 149

Construction Software Software Accounting 149

Autodesk Construction Cloud

MAY 30, 2023

Inaccurate project estimates While many of a project’s stakeholders are eager to get the project’s building started, if you begin with faulty schedules and budgets, your project is headed for an overrun from day one. Estimating the project accurately can get started in the RFP process. Automated workflows.

Change Orders 52

Change Orders Construction Budgeting Budget 52

Construction Business Owner

APRIL 12, 2012

Accounting & Finance. And, just last week, the United States Green Building Council published a report that estimates from 2009-2013 the green building industry will support 8 million jobs throughout the economy. change orders. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. Green Building.

Construction 120

Construction Certification Green Software 120

ProcurementExpress.com

JANUARY 2, 2019

This might mean they haven’t sent an invoice or, it could mean that change orders have not been approved. Finally, multi-role access controls allow teams to determine who can approve orders, place them, and more. The app comes with the following options: requester, approver, receiver, project manager, accounts, finance.

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

Construction Business Owner

MARCH 29, 2012

Accounting & Finance. The estimator might ask – “How many cubic yards of concrete does this deck require?” change orders. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Software & Technology. Construction Law. People Management. Green Building. Construction Safety.

Construction 120

Construction BIM Software Software 120

Construction Business Owner

APRIL 4, 2011

Accounting & Finance. It is up to us, the contractor, to shape the message effectively and communicate to the client what the building will cost, an estimated time line to completion and any inherent issues that need to be addressed as early in the project as possible. change orders. MANAGEMENT |. ACCOUNTING |.

Construction 120

Construction Software Software Accounting 120

ProcurementExpress.com

JANUARY 2, 2019

This might mean they haven’t sent an invoice or, it could mean that change orders have not been approved. Finally, multi-role access controls allow teams to determine who can approve orders, place them, and more. The app comes with the following options: requester, approver, receiver, project manager, accounts, finance.

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

Construction Business Owner

JANUARY 4, 2011

Accounting & Finance. When I started working in the industry we still used payphones to call the office from the “field” We used paper estimates, a calculator and copy machines. Field changes and conditions were scribbled on note pads. change orders. MANAGEMENT |. ACCOUNTING |. SOFTWARE |.

Construction 120

Construction Software Software US 120

ProcurementExpress.com

JULY 15, 2019

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. Process Change Orders Quickly. Most construction orders begin with a contract. Or, the customer wants to make a change to what was initially discussed.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68

ProcurementExpress.com

JULY 15, 2019

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. Process Change Orders Quickly. Most construction orders begin with a contract. Or, the customer wants to make a change to what was initially discussed.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52

Autodesk Construction Cloud

MAY 5, 2023

They require flexible solutions that can keep up and make their lives easier whether they are in the office or at the jobsite. Until recently, software applications for managing the finances of construction paid little attention to anyone outside of the back office. Implement webhooks and get notifications for any changes in app data.

Office 52

Office Autodesk Accounting Project Management 52

BD+C

AUGUST 14, 2023

Potential cost savings like these can reduce the cost and risk of financing these projects and contribute to making a project economically viable because of the quicker return on the investment. There may be allowances, holds, or yet-to-buys shown throughout an estimate that artificially inflate the cost.

Risk 92

Risk Construction Schedule Contractors 92

Autodesk Construction Cloud

JANUARY 19, 2022

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. And in 2020, the global cost of rework was estimated to represent 5% of all construction spending, or $625 billion.

Cash Flow 59

Cash Flow Management Profitability Change Orders 59

Contractor Bookkeeping

JUNE 15, 2012

Use Credit Cards - And supplier accounts to finance your new business and be very careful about what you buy. Estimating Process - There is no one right answer. You can develop your own estimating and pricing process or you can use something like UDA. You say O.K. This is getting extremely stressful.

Contractors 48

Contractors Insurance Claims Lien 48

Contractor Bookkeeping

JUNE 20, 2014

Use Credit Cards - And supplier accounts to finance your new business and be very careful about what you buy. Estimating Process - There is no one right answer. You can develop your own estimating and pricing process or you can use something like UDA. You say O.K. This is getting extremely stressful.

Insurance 48

Insurance Construction Accounting Claims 48

Contractor Bookkeeping

JANUARY 2, 2015

Did You Use Your Personal Credit Cards - And supplier accounts to finance your new business and perhaps you were not careful about what you bought? Estimating Process - There is no one right answer. You can develop your own estimating and pricing process or use a software estimating program like UDA. You say O.K.

Construction 48

Construction Insurance Accounting Claims 48

Autodesk Construction Cloud

AUGUST 12, 2021

But the latest innovations in construction project management software provide an exciting level of financial clarity—especially useful to connect project finances to accounting decision-makers. As a result, accurately managing milestones and finances throughout the life of a project—whether payables or receivables—can be challenging.

Accounting 52

Accounting Software Software FASB 52

Construction Cost Estimating

FEBRUARY 21, 2012

Construction Cost Estimating Blog. Besides the project management software also generates executive level reporting for a single job or across all projects, field administration like punch list tracking and daily report logs, change order management and purchase order management. adsense analytic. Project Administrator.

Project Management 40

Project Management Software Software Accounting 40

Building Information Management

APRIL 24, 2016

A job order (JO) or task order (TO) is the contractual document issued by the purchasing/procurement or its designated representative to the Contractor. Copies of the subcontractor proposals are to be a part of the Task Order submittal, and shall be included as backup. Modification to Job Orders.

Contract 40

Contract Contractors Materials Site 40

Building Information Management

JUNE 22, 2012

o Utility Financing. Prospectus) and funding thresholds to define project requirements, propose project site, estimate project. o Conduct needs assessment and define project requirements o Estimate costs and develop Project Plan and Project timeline o Develop project communications plan. o Risk Assessment.

Management 45

Management Contract Sustainability Life Cycle 45