Remove Construction Remove Contractors Remove Documentation Remove Profitability
article thumbnail

Key Drivers To Improve Construction Profitability And Cash Flow

Contractor Bookkeeping

Enlightened contractors like you understand the value of developing your own unique Construction Contracting System, a collection of documented repeatable processes and operation manuals. The key is continuously refining your construction company's practices and procedures. Get job deposits and timely progress payments.

article thumbnail

The Secret Sauce to Protecting Construction Profits  

Autodesk Construction Cloud

While incredibly rewarding, the construction industry is a challenging sector to work in for cost-focused business and project executives. Bank failures, rising interest rates, high material prices, and labor crunches are all making it more challenging for construction companies to protect, let alone, improve their margins.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Building Strong Starts: Protecting Profit Margins Through Effective Preconstruction

Autodesk Construction Cloud

The famous Aristotle quote that goes, “Well begun is half done,” rings very true in the construction industry. That’s why investing in a fully integrated construction ecosystem enables you to streamline preconstruction tasks and set your team up for success is crucial.

article thumbnail

Top 10 Contractor Mistakes

Viewpoint Construction Technology

The most common contractor errors and how to avoid them to keep your construction projects safe, productive and profitable. The savvy contractor knows they can’t possibly avoid every jobsite mistake. This adds up to smarter, safer projects that are ultimately more profitable. Neglecting Safety Measures.

article thumbnail

Subcontractor Solutions for Higher Profits

Viewpoint Construction Technology

Construction software has been instrumental in changing the face of the construction industry. While strides are being made to be more connected from the first step of a project, the past 20 years of productivity in the global construction market have only improved 1 per cent year over year. Cost savings.

article thumbnail

Beware of Using Assemblies for Job Order Contracting

Job Order Contracting

A fundamental element is Job Order Contracting (JOC) is line item estimating which involves breaking down the cost of construction into discrete, granular tasks, each item representing a specific material, labor, and equipment components. These rates may vary depending on the skill level and type of labor required.

Contract 195
article thumbnail

Validity of a Construction Cost Estimate – Public Sector

Job Order Contracting

The validity of a construction cost estimate, the most important aspect, is often overlooked and resulting in billions of dollars was every year. A construction cost estimate must be independently validated. Key Principles There are key principles that should be adhered to when preparing a construction cost estimate.