Remove Change Orders Remove Forecasting Remove Income Remove Work in Progress
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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

Work in progress figures might not sound like something you need to think much about. Real-time work-in-progress figures, or WIP, allow teams to become more efficient, effective, and remain in control. Which then throws everything off from revenue forecasting to budgeting. That’s accounting’s job, right?

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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

Work in progress figures might not sound like something you need to think much about. Real-time work-in-progress figures, or WIP, allow teams to become more efficient, effective, and remain in control. Which then throws everything off from revenue forecasting to budgeting. That’s accounting’s job, right?

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Construction Company Failure Root Causes

Contractor Bookkeeping

Working for customers instead of clients and not charging enough (The 80-20 Rule). Not using Additional Work Orders or Change Orders (Click For FREE Change Order Template). Changes in their operations due to contingencies beyond their control. Construction Company Failure Root Causes.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

While cash flow problems can come from several different sources, review the list below for three strategies that construction companies can use to improve their cash flow management process, thus freeing up more working capital and reducing those unpredictable highs and lows that have long been hallmarks of the biz. Embrace Automation.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

While cash flow problems can come from several different sources, review the list below for three strategies that construction companies can use to improve their cash flow management process, thus freeing up more working capital and reducing those unpredictable highs and lows that have long been hallmarks of the biz. Embrace Automation.

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Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

3 Your Income Tax Return Preparer. You can learn a lot about investing and run some scenarios that will show you how much income you will need to retire and develop an action plan. Working for customers instead of clients and not charging enough (The 80-20 Rule). Work primarily IN the business but not ON the business.

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Process Dependent Vs. People Dependent Increases Contractor's Profits

Contractor Bookkeeping

Construction Company Failure Root Causes: Working for customers instead of clients and not charging enough (The 80-20 Rule). Not using Additional Work Orders or Change Orders (Click For FREE Change Order Template). Changes in their operations due to contingencies beyond their control.