Lets Build

JUNE 23, 2023

If they all revolve around your financials, you might be shrinking your own profit margins. Your construction KPIs should do more than measure a project’s health—they should show you where profit and productivity are dropping, why they’re dropping, and how to fix the issue. What mistakes were made on the less profitable jobs?

Profitability 78

Profitability Cash Flow Products Construction 78

Lets Build

JUNE 23, 2023

If they all revolve around your financials, you might be shrinking your own profit margins. Your construction KPIs should do more than measure a project’s health—they should show you where profit and productivity are dropping, why they’re dropping, and how to fix the issue. What mistakes were made on the less profitable jobs?

Profitability 78

Profitability Cash Flow Products Construction 78

Autodesk Construction Cloud

JUNE 8, 2023

Doing so won’t just make your life easier; it’ll also help you protect your profit margins. Manage financial risk early on Given that we’re on the topic of profitability, we’d be remiss if we didn’t touch on managing financial risks.

Profitability 98

Profitability Bidding Estimating Risk 98

Contractor Bookkeeping

AUGUST 18, 2012

A Google search for "Free Construction Change Order Form" will show you roughly 300,000,000 hits and most of them will try to sell you something. This free construction change order form is just that, free! Click here for a step-by-step video using the free construction change order template.

Change Orders 58

Change Orders Profitability Construction Project Management 58

Contractor Bookkeeping

SEPTEMBER 18, 2020

Are you sick and tired of customers continually changing stuff on you and creating delays or extra work? Is your customer leaving you "love notes" regarding minor changes they would like to make on the counter or someplace you can easily find them when you first arrive in the morning? Or the never-ending chain of emails.

Change Orders 114

Change Orders Compensation Contractors Profitability 114

cnstrctr

OCTOBER 17, 2018

Construction is a cut-throat industry, and making your construction business more profitable can be a challenge. Making more money isn’t rocket science, by following our five tips you’ll be increasing your profits in no time! Understanding your competition is key to making your construction business more profitable.

Profitability 60

Profitability Change Orders Construction Schedule 60

Construction Dive

DECEMBER 11, 2014

By Paul Levin Pricing of claims and change orders falls into two categories: forward pricing, where the price and time is negotiated before the work is done; and post pricing -- pricing and schedule adjustments made during or after performance of the work. Many different methodologies have been used to successfully price claims.

Change Orders 48

Change Orders Claims Overhead Negotiation 48

Contractor Bookkeeping

JUNE 18, 2012

Construction Change Order Phobia. After Reviewing The QuickBooks Reports - We discovered a painful case of the dreaded disease I call "Change-Order-Phobia". In this case the pain of change in the contractor's mind had to be exceeded by the pain of staying the same. Customer Job Deposits. Progress Invoicing.

Change Orders 48

Change Orders Profitability Work in Progress Construction 48

Construction Marketing Ideas

DECEMBER 13, 2015

Some years ago, in addressing how a successful contractor has managed to maintain a profitable business despite needing to compete in “low bid wins the job” open competitions, the contractor opened up to me with an observation: He wins the jobs because they are rigged in advance. And that happened.

Change Orders 48

Change Orders Bidding Contract Contractors 48

Contractor Bookkeeping

MAY 2, 2013

Four Important Words That Turn High Profit Jobs Into Non-Profit Jobs! It''s A Small Change. In this case the "Hammer" is a change order. You do what you promise and they will pay you, no questions asked and they are the foundation for high profit repeat customers. No law says there has to be change orders.

Change Orders 48

Change Orders Contractors Cash Flow Profitability 48

Pro Builder

APRIL 13, 2021

BuildTools Delivers Major Productivity and Profitability Gains for Home Builders. Bast brings productivity and profitability gains to home builders. I’ve built over 400 homes in BuildTools over the past 10 years and helped make the companies I worked for more productive and profitable along the way,” he says proudly. kcichowicz.

Profitability 52

Profitability Products Software Software 52

Contractor Bookkeeping

AUGUST 18, 2012

Construction Change Order Video. This video shows you the Fast Easy Accounting step by step how to use your Free Construction Change Order Form.

Change Orders 51

Change Orders Accounting Construction Profitability 51

Contractor Bookkeeping

MAY 22, 2013

Construction Change Order Video. This video shows you step by step the Fast Easy Accounting way to work with your Free Construction Change Order Form. We certainly hope this will help you increase construction sales and bottom line profit by getting paid for all the extra work you are doing.

Change Orders 49

Change Orders Contractors Cash Flow Profitability 49

Construction Dive

NOVEMBER 8, 2019

The general contractor said its ability to collect on disputed change orders bumped its operating cash to record levels.

Change Orders 56

Change Orders Profitability Contractors 56

Contractor Bookkeeping

JULY 23, 2021

Joint ventures are a bit like change orders. How costs and profits are shared among the participants depends on how the joint venture is structured and the terms of the agreement. However, we understand your preference, so I would like to talk about it in this blog post. Joint Ventures have their own accounting rules.

Change Orders 116

Change Orders Accounting Agreement Profitability 116

Constructlaw

JANUARY 18, 2023

which provided that the Owner will make payments for “work executed, including reasonable overhead and profit and direct costs incurred by reason of such termination.” including a 25% margin for overhead and profit. BoMar argued that the cross-reference to Section 13.1 in the event of a termination by the Owner because Section 14.1.3

Ohio 52

Ohio Contract Overhead Profitability 52

Mr Ethics

MAY 21, 2015

The owner gave me a change order with the cost he wants to pay for the upgrade. He indicated that he and the architect researched the windows and think the change order reflects a fair price for the upgrade. You will still earn your “healthy” profit and also gain in your reputation which is priceless. Mr. Ethics.

Change Orders 100

Change Orders Profitability 100

Mr Ethics

MAY 21, 2015

The owner gave me a change order with the cost he wants to pay for the upgrade. He indicated that he and the architect researched the windows and think the change order reflects a fair price for the upgrade. You will still earn your “healthy” profit and also gain in your reputation which is priceless. Mr. Ethics.

Change Orders 100

Change Orders Profitability 100

Mr Ethics

MAY 21, 2015

The owner gave me a change order with the cost he wants to pay for the upgrade. He indicated that he and the architect researched the windows and think the change order reflects a fair price for the upgrade. You will still earn your “healthy” profit and also gain in your reputation which is priceless. Mr. Ethics.

Change Orders 100

Change Orders Profitability 100

Green Building Law Update

APRIL 4, 2021

Green buildings are less risky, more profitable, with higher appraised value than conventional buildings that results in higher company creditworthiness, measuring the reduced likelihood of it defaulting on its debt, but today, green building does not receive a commensurate lower interest rate on its debt. Mike Italiano, a founder of the U.S.

Green 293

Green Debt Security Commercial 293

Job Order Contracting

JULY 30, 2018

Job Order Contracting is used by universities, school districts and municipalities statewide as well as other non-profit, not-for-profit institutions. . Change orders and legal disputes are virtually eliminated.

Estimating 100

Estimating New Mexico Contract Change Orders 100

Construction Business Owner

OCTOBER 14, 2011

Some Advice on Change Orders » A Change (Order) for the Better? When clients ask me about change orders, I’m reminded of a well-circulated photo. The yacht is named “Change Order.” Discussion about change order difficulties tends to be one of two types.

Change Orders 120

Change Orders Construction Software Software 120

Contractor Bookkeeping

JUNE 19, 2013

We are happy to be able to offer free Invoice templates, free Change Order templates and free estimate templates to construction contractors and other business owners to help them grow their sales and profits and have better lives for their families. Change Orders are a huge source of new profit. Click here.

Profitability 48

Profitability Cash Flow Accounting Construction 48

Contractor Bookkeeping

AUGUST 30, 2013

We Serve Several Highly P rofitable Construction Companies and some not as profitable ones. The differences in operations between the two groups are very small and yet the profit picture is massively different. Change Order Management. Invite Your Construction Bookkeeper To A Jobsite For Half A Day. Job Scheduling.

Profitability 48

Profitability Contractors Accounting Cash Flow 48

Construction Business Owner

APRIL 26, 2012

Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. Just about every contractor has been there — a project starts out strong but, as it moves forward, delays and incidental added work and changes knock dollars and cents off of the bottom line. Stay on Top of Changes.

Change Orders 120

Change Orders Construction Profitability Software 120

Viewpoint Construction Technology

JANUARY 10, 2018

Delays and change orders are pretty standard, but that doesn’t make them any less stressful for those involved in a project. This means there will be fewer headaches and finger-pointing, and more efficient, profitable projects.

Software 155

Software Software South Carolina Change Orders 155

Contractor Bookkeeping

MAY 24, 2019

The most popular method designed by investors and developers and shrewd business people who understand the concept of divide and conquer is for contractors to get little or no down payment for a construction project, do all the work, including change orders and then try to collect their money.

Contractors 52

Contractors Profitability Banking Change Orders 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. The same is true for mechanical contractors. 5) Material Planning & Document Management. Building Software. Building Software. Software + Apps.

Software 52

Software Software Contractors Change Orders 52

Contractor Bookkeeping

NOVEMBER 3, 2012

You have what appears to be a high profit job and now you are thinking you have it made and I hope you are right! The most common situation is when a residential remodel contractor who has built a reputation and a substantial company generating profits of 15% or more decides to start building custom homes.

Profitability 48

Profitability Bankruptcy Contractors Remodeling 48

Contractor Bookkeeping

JUNE 20, 2012

Add Those Costs Together - And you will understand the value of staying on each job and solving all of your customer or client construction and maintenance issues is so much more profitable than windshield time. A simple yes or no and they are back servicing your vehicle.

Profitability 48

Profitability Contractors Mobility Change Orders 48

Autodesk Construction Cloud

OCTOBER 26, 2023

Whether it's a bid submitted, an issue reported, or a new change order approved, you're likely sitting on a goldmine of information that can be used to improve efficiency, reduce costs, and make better decisions. By underutilizing their data potential, construction firms are leaving profits on the table—literally.

Construction 98

Construction Profitability Autodesk Risk 98

Contractor Bookkeeping

JUNE 21, 2012

The Most Popular Method - Designed by investors and developers and shrewd business people who understand the concept of divide and conquer is for contractors to get little or no down payment for a construction project, do all the work, including change orders and then try to collect their money.

Profitability 48

Profitability Contractors Banking Change Orders 48

Construction Business Owner

OCTOBER 14, 2011

« A Change (Order) for the Better? Judging Tipis » Some Advice on Change Orders. I was talking with John Chaney this week, and he mentioned that he was going to blog about how change orders affect construction management. change orders. Processes & Tools. January 2009.

Change Orders 120

Change Orders Construction Software Software 120

Lets Build

FEBRUARY 3, 2023

Free eBook: Quick guide to Lean practices for construction professionals 7 ways to minimise the impacts of construction inflation As inflation continues to affect the construction industry worldwide, we must find ways to counteract it or risk losing our already slim profit margins.

Construction 148

Construction Materials Risk Management 148

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. Contractor''s Business Round Table Reduces Profits.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Viewpoint Construction Technology

APRIL 10, 2018

The disconnect between these entities has created problems in the past, and focusing on these connections enhances collaboration and improves the profitability of construction projects. “ As companies grow, their overhead expenses can also grow.

Management 155

Management Viewpoint Construction Software 155

Viewpoint Construction Technology

APRIL 4, 2017

Web-based construction software can help you increase estimate accuracy and improve the profitability for the work you gain. With this up-to-the-minute information, via management construction apps, you can immediately see goals, red flags, and other items, including paid invoices and change orders. Consistent estimating.

Software 130

Software Software Construction Project Management 130