Contractor Bookkeeping

FEBRUARY 23, 2024

Construction Company owners like you have probably experienced life-changing events in the past few years, as many of our clients did. Are you struggling to keep your construction business afloat? Poor Cash Flow Management One of the biggest challenges for construction businesses is managing cash flow.

Cash Flow 62

Cash Flow Forecasting Construction Deals 62

Autodesk Construction Cloud

JULY 13, 2023

This quote primarily relates to personal finance, but his advice also rings true in the construction industry. While bringing in large projects and generating revenue is essential, it's equally important to manage profit effectively and ensure healthy margins. Have a look below. It does matter.

Profitability 52

Profitability Risk Construction Autodesk 52

HardHatChat

SEPTEMBER 6, 2017

Compared with a few short years ago, commercial construction moves at an incredibly fast pace today. Specialty items, such as custom glass and doors for storefronts, have longer lead times that can potentially be the cause of construction delays. Unrealistic Expectations for Construction Permit Review. Delays on Shop Drawings.

Schedule 312

Schedule Commercial Drawings Permits 312

Viewpoint Construction Technology

JULY 27, 2017

Planning for construction costs can mean the difference between making a decent profit and barely breaking even. When you’re dealing with jobs that are in the six, seven, and even eight figure budgets, project management can become very complex with many variables to account for. Comparison shop.

Viewpoint 173

Viewpoint Contractors Inventory Profitability 173

Contractor Bookkeeping

SEPTEMBER 12, 2014

Construction Company. Cost Is What You See - Profit potential is what you don''t see. High profit construction company owner''s focus on both and understand it "Takes Money To Make Money". Highly Profitable Companies - Focus on how high is up? Then develop a project plan to eliminate them, one at a time. #3

Profitability 48

Profitability Accounting Construction Project Management 48

Viewpoint Construction Technology

MAY 11, 2017

There are many reasons to adopt integrated construction software , including flexibility, organization, and project management. Using a web- or cloud-based software solution is also the best way to increase your estimate accuracy and improve profitability. It should be a part of your strategy to win more bids.

Estimating 130

Estimating Bidding Viewpoint Construction 130

Contractor Bookkeeping

SEPTEMBER 5, 2013

All Construction Contractors Get Referrals which some turn out to be profitable some turn out non-profitable. The key is getting more profitable leads and fewer not-profitable leads. Most Profitable Lead Referrals come from your clients and most not-profitable lead referrals come from customers.

Profitability 49

Profitability Contractors Accounting Income 49

Job Order Contracting

DECEMBER 13, 2020

A great deal of research has been done one why projects fail. The ability to successfully account for and manage change during a project lies in an organization’s leadership and level of maturity relative to its strategies, processes, goals, and resources. Project Management Constraints.

Project Management 161

Project Management Capterra Organization Management 161

Construction Business Owner

APRIL 1, 2011

General Management. Construction Law. People Management. Construction Safety. Equipment Management. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Healthy Competition » Free Webinar on Reducing Profit Fade. Top 5 Trends in Construction Software.

Cash Flow 120

Cash Flow Construction Software Software 120

Contractor Bookkeeping

OCTOBER 4, 2013

Starting Or Re-Starting A Construction Company Is Easy. Secret #01 Decide What You Want From Your Construction Company. Action Step - 01: On a peice of paper type and print or hand write a description of what you want from your construction company and put it into a three ring binder. If You Know Exactly What To Do.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Construction Business Owner

OCTOBER 14, 2011

General Management. Construction Law. People Management. Construction Safety. Equipment Management. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. He replied, “Well, that depends on the project manager.”. INSURANCE |. EQUIPMENT |. Green Building.

Change Orders 120

Change Orders Construction Software Software 120

ProcurementExpress.com

FEBRUARY 11, 2019

Construction teams face unique procurement challenges due to the complex nature of the business. It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. You’re dealing with subcontractors, labor shortages, sourcing, and multiple projects on multiple deadlines. Click To Tweet.

Procurement 63

Procurement Plans Construction Budgeting 63

ProcurementExpress.com

FEBRUARY 11, 2019

Construction teams face unique procurement challenges due to the complex nature of the business. It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. You’re dealing with subcontractors, labor shortages, sourcing, and multiple projects on multiple deadlines.

Procurement 52

Procurement Plans Construction Budgeting 52

Lets Build

AUGUST 3, 2017

In a world, where Research and Development is the thriving sector for all industries, construction seems to pay very less attention to this sector. Construction work happens manually and work progresses on site through multiple visits and contracts, even today. With Construction software, work allocation becomes a piece of cake.

Software 129

Software Software Maine Management 129

Construction Business Owner

OCTOBER 12, 2011

General Management. Construction Law. People Management. Construction Safety. Equipment Management. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Usually the first department you talk to when dealing with a new company is Sales. INSURANCE |. EQUIPMENT |.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

MAY 29, 2012

General Management. Construction Law. People Management. Construction Safety. Equipment Management. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Connecting within the Construction Company » Free Webinar: Managing Information Overload.

Construction 120

Construction Software Software Cash Flow 120

Levelset

MARCH 16, 2022

Undertaking a large construction project is exciting, but it can also be overwhelming. Instead of looking at the project as one big job, it’s possible to break almost every project down into individual phases of construction. So what is construction project monitoring and performance, and why is it important?

Lien 52

Lien Construction Budgeting Budget 52

Viewpoint Construction Technology

JULY 19, 2018

Another year, another amazing national conference for the Construction Financial Management Association (CFMA). The CFMA and Viewpoint share a common goal: transforming the construction industry and supporting its continued growth and success through continuing education, collaboration and innovation. Collaboration.

CFMA 141

CFMA Conference Viewpoint Education 141

Construction Business Owner

DECEMBER 1, 2011

General Management. Construction Law. People Management. Construction Safety. Equipment Management. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. » 3 Tips for Better Construction Fleet Fuel Management. INSURANCE |. EQUIPMENT |. Green Building.

Construction 136

Construction Software Software US 136

Viewpoint Construction Technology

FEBRUARY 7, 2018

The construction industry is no exception. Contractors gather huge amounts of data these days, often through tools like powerful construction management and project management software, technology like drones , and the increased accessibility provided by cloud computing and the Internet of Things (IoT).

Organization 145

Organization Foundation Viewpoint Contractors 145

Autodesk Construction Cloud

JUNE 18, 2022

Table of Contents: What is Construction Management Software? The Benefits of Construction Management Software. Key Features to Look for in Construction Project Management Software. Use Cases for Construction PM Software. How to Choose the Best Construction Management Software.

Project Management 98

Project Management Software Software Management 98

Construction Business Owner

AUGUST 19, 2011

General Management. Construction Law. People Management. Construction Safety. Equipment Management. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Then there’s long hours and reams of paperwork and difficult employees to deal with. INSURANCE |. EQUIPMENT |.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

JANUARY 6, 2011

General Management. Construction Law. People Management. Construction Safety. Equipment Management. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Is There No Free Lunch or Construction Software? Top 5 Trends in Construction Software. construction.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

FEBRUARY 28, 2014

Your Construction Contracting Company. Is your Construction Company Process Dependent Or People Dependent? Is your Construction Company Process Dependent Or People Dependent? There is no one right answer; it depends on what you want from your construction company. Money Is The Main Reason You Own And Operate.

Profitability 48

Profitability Contractors Cash Flow Accounting 48

Lets Build

NOVEMBER 26, 2021

Considering that nearly 2/3 of the work involved in delivering a construction project consists of non-value-added activities, it is crucially important to focus on the root causes and how to correct them. For instance, most project managers have their programmes and schedules locked into MS Project.

Site 88

Site Schedule Plans Materials 88

Construction Business Owner

MAY 17, 2012

General Management. Construction Law. People Management. Construction Safety. Equipment Management. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. « Ergonomics and Construction. That’s a huge deal and a potential company-breaker. INSURANCE |.

Construction 120

Construction Software Software Security 120

Construction Business Owner

MAY 3, 2011

General Management. Construction Law. People Management. Construction Safety. Equipment Management. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. I had to deal with a wide range of people with different backgrounds, personalities, and communications skills.

Construction 120

Construction Software Software Accounting 120

cnstrctr

SEPTEMBER 2, 2019

When I started my career in construction one of the biggest challenges I faced was how to learn about construction and the industry. What I found was that the industry is fragmented and there’s no magical pill to learning about construction. Construction Project Experience.

Construction 68

Construction Conference Industrial Resource 68

Autodesk Construction Cloud

JULY 21, 2021

There have been warning signs in the construction sector for years. Construction and the built environment account for nearly 38% of all energy-related carbon emissions around the world. But crucially, there’s greater appetite for change in construction than ever before. Incremental change won’t cut it: we need a paradigm shift.

Sustainability 52

Sustainability Construction Autodesk Innovation 52

Autodesk Construction Cloud

JUNE 18, 2022

Table of Contents: What is Construction Management Software? The Benefits of Construction Management Software. Key Features to Look for in Construction Project Management Software. Use Cases for Construction PM Software. How to Choose the Best Construction Management Software.

Project Management 52

Project Management Software Software Management 52

Construction Cost Estimating

JUNE 5, 2012

Construction Cost Estimating Blog. Enhance your takeoff, estimating, and proposal management procedures with ProContractorMX™ by Maxwell. Maxwell introduces ProContractorMX™ containing robust and comprehensible features to enhance your takeoff , estimating, and proposal management procedures. adsense analytic.

Estimating 45

Estimating Construction Software Software 45

Contractor Bookkeeping

DECEMBER 13, 2013

Every Day Hundreds of construction company owners across the country and around the world are arriving to work with a full work load of projects that "Absolutely, Positively Must Get Done Today" only to find their bookkeeper is gone. And Worst Part Is - She had no idea that Construction Accounting is the hardest bookkeeping of all!

Deals 48

Deals Accounting Banking Contractors 48

Construction Cost Estimating

NOVEMBER 16, 2014

General contracting and construction management are the inherent part of a construction project. Both of them are useful for coordinating and handling projects. But there are basic differences concerning the organizational structure, business relationships, and project entry points.

Management 45

Management Contract Construction Bidding 45

Contractor Bookkeeping

SEPTEMBER 1, 2014

For Example - The simple Profit & Loss Report Can Be Shown Four Different Ways With Little Effort. The First Two Profit & Loss Reports Show Accrual Basis Vs. Cash Basis. The Next Two Profit & Loss Reports Show Accrual Vs. Cash And % of Income. 3 Looking for trends to find ways to improve cash flow and profitability.

Contractors 48

Contractors Accounting Cash Flow Profitability 48

Autodesk Construction Cloud

SEPTEMBER 9, 2021

No matter where you’re at in your construction career, or what business goals you’re out to achieve, get ready for a set of construction classes designed to leave you with a long list of actionable takeaways. With over 80 construction classes available this year, the question remains: what sessions should you attend?

Autodesk 52

Autodesk Construction BIM Modeling 52

Rory Woolsey

MAY 31, 2012

Rory Woolseys Construction Estimating Blog. Construction Estimating One Bite at a Time. “ What are the” appropriate” markups for overhead, profit and contingency when budgeting facilities construction projects?” The phase of design that a project is in will also influence the markups used.

Estimating 40

Estimating Overhead Profitability Construction 40

Best Practices Construction Law

NOVEMBER 26, 2012

No matter the season, however, construction companies rely heavily on cash flow to fund their operations. As a preliminary matter, make sure that you get a written contract when starting a new project and make sure that both parties sign the agreement. Project Management Tips. Written Contract. These include: Normal.

Cash Flow 48

Cash Flow Project Management Change Orders Agreement 48