Levelset

MARCH 16, 2022

Every project involves planning, designing, bidding, hiring, and more — and these are all parts of stages. First, the designer or architect will start checking on the project more regularly to ensure that the actual construction meets the plan and design. There are a few folks involved in this phase. Pre-construction.

Lien 52

Lien Construction Budgeting Budget 52

NH Construction Law

APRIL 26, 2018

Sometimes this unanticipated time/space compression is the owner’s fault, in which case the general contractor/construction manager and its subcontractors will likely be entitled to increased compensation by change order or otherwise -- and to a mechanic’s lien if that increase is not paid.

Lien 40

Lien Compensation Change Orders Subcontracting 40

Contractor Bookkeeping

OCTOBER 4, 2013

There are a number of people who pass out advice on how to start a profitable construction company; however, very few have actually done it and fewer still had a clear understanding of where they were making or losing money and fewer yet have ever gotten past the point of owning a J.O.B. Starting Or Re-Starting A Construction Company Is Easy.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Contractor Bookkeeping

FEBRUARY 28, 2014

Not using Additional Work Orders or Change Orders (Click For FREE Change Order Template). Cash flow issues kill contractors even though they have profit. Changes in their operations due to contingencies beyond their control. Generally do not plan from back (end goals) to front (current operations).

Profitability 48

Profitability Contractors Cash Flow Accounting 48

Levelset

APRIL 5, 2022

Most construction businesses focus on their profit margins — making sure that revenue exceeds costs for each job. Poor planning. Even if you budget your expenses and analyze your cash flow, unexpected expenses may arise, or you may have missed something in your initial planning. Why contractors run out of cash. Stuff happens.

Cash Flow 52

Cash Flow Finance Construction Materials 52

Autodesk Construction Cloud

DECEMBER 18, 2021

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. The right construction closeout plan, starting well before actual closeout, is essential to a seamless client handover. Not so fast. Key Takeaways.

Change Orders 52

Change Orders Documentation Equipment Risk 52

Construction and Infrastructure Law

JANUARY 17, 2018

By taking a financial stake in the project, contractors planned to protect their business interest in the project. The construction division’s desire to get hired for the project does not overpower the financing arm’s clinical financial analysis of whether or not the project will be profitable, and therefore, worth the investment.

Equity 40

Equity Contractors Finance Construction 40