Autodesk Construction Cloud

JUNE 8, 2023

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.

Profitability 98

Profitability Bidding Estimating Risk 98

Construction Enquirer

JULY 26, 2023

Shed and multi-room building contractor Winvic saw pre-tax profits fall for the first time after two jobs secured before the pandemic ran into loss. Pre-tax profit nosedived a third to £10.5m Managing director Simon Girardier forecast that revenue would slip back next year to £950m as the economy slowed.

Profitability 65

Profitability Security Forecasting Infrastructure 65

Contractor Bookkeeping

JUNE 5, 2020

Managing cash flow is a vital part of running a successful construction business. Contractors and sub-contractors know there is more to profits than what is shown above, and most of you rely on your "gut feel" to see when the project has made a profit or not. Starting Cash + Cash In - Cash Out] = Cash Flow.

Cash Flow 69

Cash Flow Forecasting Contractors Profitability 69

Construction Business Owner

MAY 23, 2018

Whether operating a small or large company, every construction business owner knows that the role requires quite the hefty toolbox of skills. Despite the job having many facets and accompanying challenges, the ultimate goal remains constant—increasing company productivity and profitability.

Forecasting 209

Forecasting Profitability Site Products 209

Autodesk Construction Cloud

JANUARY 17, 2024

Research from Gordian found that in 2023, the construction industry saw a 5.3% of construction materials in the RSMeans database experienced a significant cost increase, with an average increase of 19%. Utilize cost and estimation data Tap into historical and actual data to forecast and plan for expansion, repairs, and rehab.

Autodesk 122

Autodesk Construction Forecasting Safety 122

Construction Equipment

OCTOBER 16, 2015

The Wacker Neuson Group has lowered its revenue and profit forecast for the current fiscal year. Revenue and profit developed below previous expectations due to the ongoing economic slowdown in the emerging markets and in countries, which are dependent on raw material prices, the company said. billion, down from EUR 1.40

Forecasting 48

Forecasting Profitability Materials 48

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 104

Cash Flow Forecasting Construction Deals 104

Construction Business Owner

APRIL 30, 2013

The second part will be published in June 2013 and will address the importance of effectively forecasting the cost at completion to mitigate profit fade.

Profitability 120

Profitability Forecasting Management 120

Construction Enquirer

MAY 3, 2023

Northumberland based Howard Russell Construction has gone into administration. Latest results for the firm for the year to March 31 2022 show a pre-tax profit of £790,000 from a turnover of £43.5m In its forecast for this year Howard Russell was predicting a turnover of up to £80m based on a rising number of negotiated contracts.

Debt 103

Debt Construction Negotiation Forecasting 103

Construction Business Owner

SEPTEMBER 1, 2022

How Inventory Control Saves Construction Teams Resources. Practicing inventory control helps your construction team save time & money while keeping you organized. All sorts of businesses rely on inventory to provide goods and services to their customers, but when it comes to construction, supplies and materials are truly essential.

Inventory 226

Inventory Resource Construction Materials 226

Construction Enquirer

MAY 23, 2023

Ferrovial Construction UK suffered a £30m loss last year after big provisions for forecast losses on the £2bn Silvertown Tunnel project in East London. of forecasted losses. He said that across the rest of the UK business portfolio, Ferrovial made an underlying EBIT profit of £22m. This figure is made up of £19.6m

Forecasting 81

Forecasting Construction Profitability Sustainability 81

Contractor Bookkeeping

JANUARY 7, 2022

In normal times, contractors who pay close attention to their Five Key Performance Indicators financial reports and stay aware of the macro global economy and the microlocal economy can plan and earn an expected profit after paying themselves a reasonable salary.

Industrial 94

Industrial Forecasting Construction Profitability 94

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

Construction Business Owner

FEBRUARY 18, 2016

The industry had been fairly profitable and surplus was strong, so rates started to come down. As for insurance pricing today, Table 1 provides a historical picture of insurance industry rates calculated by MarketScout, with 2004 as the base year. From 2004 to 2011, rates actually dropped about 40 percent.

Insurance 120

Insurance Forecasting Profitability Industrial 120

Viewpoint Construction Technology

FEBRUARY 12, 2019

The main reason construction businesses implement an integrated project management system is for the visibility that they can gain over every aspect of a project. Here’s a list of key reports that you should be able to pull at any moment from your construction project management software: Basic Accounting Reports. Ad-hoc reports.

Cash Flow 130

Cash Flow Software Software Accounting 130

Construction Business Owner

SEPTEMBER 27, 2013

Project controls, including standardized approaches, processes and reporting, are designed to manage all costs and financial aspects of a project through its life cycle—from initial estimating and budgeting to forecasting, measuring progress, controlling change, reconciling actual expenditures and closing out the project.

Profitability 190

Profitability Life Cycle Forecasting Budgeting 190

Autodesk Construction Cloud

NOVEMBER 22, 2021

Maintaining profitability on any given project is a challenge that many AEC firms face. It’s no secret that the construction industry has some of the lowest margins out there; data from Camino Financial states that the construction industry has an average net profit margin of just 5%. Bottlenecks affect productivity.

Profitability 52

Profitability Autodesk Accounting US 52

Autodesk Construction Cloud

APRIL 18, 2023

The construction industry is no stranger to challenges, and the latest wave of rising costs is putting many firms to the test. Research from the Associated General Contractors of America (AGC) shows that while construction backlogs are high, elevated material and borrowing costs could put more pressure on contractors.

Autodesk 52

Autodesk Construction Budgeting Budget 52

Carol Hagen

JULY 1, 2009

For those of you that do forecasting, I’ve noticed that Microsoft Excel is popular. Do we roll over data to forecast the next 6 months with a mouse click or spend 30+ minutes performing cut & pastes? We all know that cash flow is the life blood of our business (whether you’re a contractor or a CPA firm).

Cash Flow 100

Cash Flow Forecasting Profitability Consulting 100

Lets Build

JANUARY 20, 2023

Construction sites are chaotic. While we have plenty of tools to get a general overview of projects and see how they should be progressing, we only have one that shows how they’re actually progressing: construction daily logs. Let’s explore the importance of keeping construction and maintenance daily logs of every on-site activity.

Site 148

Site Construction Documentation Products 148

Construction Enquirer

JUNE 27, 2023

when Northumberland based Howard Russell Construction went into administration. Latest results for the firm for the year to March 31 2022 show a pre-tax profit of £790,000 from a turnover of £43.5m In its forecast for this year Howard Russell was predicting a turnover of up to £80m based on a rising number of negotiated contracts.

Debt 72

Debt Negotiation Liability Forecasting 72

Autodesk Construction Cloud

JUNE 23, 2022

Everyone working on a project has the goal of delivering it on time and within budget, but few team members feel this quite as keenly as construction project managers. . This isn’t an easy task, particularly in an industry like construction, where margins are notoriously low. . Effective Cost Control and Accurate Forecasting.

Project Management 97

Project Management Management Forecasting Profitability 97

Autodesk Construction Cloud

JANUARY 19, 2022

Cash flow can make or break any business, especially in the construction industry. To successfully grow, construction firms need to effectively manage cash flow to procure materials, pay vendors and salaries, fund new projects, and finance other day-to-day business operations. Choose projects with profitable estimates.

Cash Flow 59

Cash Flow Management Profitability Change Orders 59

Viewpoint Construction Technology

SEPTEMBER 23, 2018

While many businesspeople swear by hard work and technical proficiency as the key ingredients of success, within the construction industry, there is a broader understanding that success is built on more than just structural expertise and hard work. Sometimes this erodes profit, but in some scenarios, it can mean losses or even worse.

Industrial 130

Industrial Accounting Viewpoint Construction 130

Construction Equipment

OCTOBER 8, 2015

The trucking industry is preparing for a downturn in demand, reports The Wall Street Journal. Trucking demand spiked earlier this year due to inventory stockpiling in the second quarter as West Coast ports caught up with backlogs of imports that accumulated during a labor dispute.

Forecasting 48

Forecasting Profitability Inventory Retail 48

Autodesk Construction Cloud

JUNE 7, 2023

Plus, “as many as 86% of projects are found to exceed their initial estimate, each construction project costing an average 28% more than anticipated.” Blown budgets result from many reasons, from poor communication and missing data to scope creep to external factors like material price increases.

Estimating 98

Estimating Construction Budgeting Budget 98

Viewpoint Construction Technology

JUNE 19, 2018

In case you haven’t heard, construction software use is on the rise. By 2020, technology adoption in construction is expected to reach 70 percent, according to a 2017 report from McKinsey Global Institute. There has also been an increase in mobile device and cloud storage use at companies throughout the construction industry.

Software 158

Software Software Viewpoint Construction 158

Viewpoint Construction Technology

OCTOBER 23, 2018

Construction sites these days have no shortage of data: design and BIM data from the planning stages of a project, jobsite data collected by wearables, mobile devices and sensors on equipment/materials, accounting and job progress data from the office, project management data and much more. Diving Deeper into Construction Data.

Construction 226

Construction Software Software Cash Flow 226

Construction Equipment

AUGUST 21, 2014

Wacker Neuson posted a profit increase in the second quarter of 2014, with revenue remaining at the same level as the previous year, while confirming its forecast for fiscal 2014. Wacker Neuson reported revenue of €328.4 million).

Profitability 60

Profitability Forecasting 60

Construction Enquirer

MAY 17, 2023

Group turnover of £132m (2021:£137.5m) fell short of initial forecasts for the year with delays to project start dates due to cost inflation pressures and programme movements. South East housing contractor and developer Durkan plunged to a £9.3m pre-tax loss last year after provisions for legacy fire safety remediation works.

Safety 92

Safety Profitability Housing Forecasting 92

Viewpoint Construction Technology

APRIL 4, 2017

Web-based software has changed the face of the construction industry. Large or small, construction jobs can be made easier with the right support system, especially when it comes to management software. Web-based construction apps enable data sharing and simplified workflows, keeping everyone on the same page at all times.

Software 130

Software Software Construction Project Management 130

Construction Marketing

JULY 24, 2020

In the past, the marketing and accounting functions within a company were not frequent collaborators save the annual budgeting or forecasting process. Without system and process automation, marketing and accounting collaboration may have been limited to forecasting and budgeting. The post Marketing and Accounting Teamwork?

Accounting 173

Accounting Finance Forecasting Certification 173

Viewpoint Construction Technology

MAY 29, 2019

For 38 years now, the Construction Financial Management Association (CFMA) has been supporting the construction industry by providing unparalleled financial and operational management education, networking and growth and development opportunities for construction professionals. A Focus on Construction Business Intelligence.

CFMA 147

CFMA Conference Viewpoint Construction 147

Autodesk Construction Cloud

MAY 24, 2023

While you might know you need flour, eggs, and butter, if you forget another crucial ingredient or put in the wrong proportions, you could have a baking disaster on your hand. The same is true for construction projects, only on a much grander scale. Fortunately, construction takeoff software solutions can solve that problem for you.

Software 98

Software Software Bidding Estimating 98

Autodesk Construction Cloud

JULY 8, 2021

In 2020, the value of commercial construction amounted to approximately $5.8 Given the continually changing nature of construction projects, accurately managing and executing construction costs is critical to the project’s financial outcome. This is where construction cost codes come into play. trillion globally.

Construction 52

Construction Profitability Budgeting Budget 52

Autodesk Construction Cloud

NOVEMBER 12, 2022

Cost management is key to ensuring construction projects stay on budget and on schedule. Yet many projects, as many as 33% come in over budget, as reported in the Construction Cost Management Report by Dodge Data & Analytics (Dodge). Forecasting costs with real-time field data is the top future need for cost management.

Forecasting 52

Forecasting Construction Budgeting Budget 52

Construction Cost Estimating

FEBRUARY 24, 2014

One of the largest producers of mining and construction equipment, Caterpillar Inc. in New York, which was considered the biggest profit since November 2011. It is also expected that profit will be $5.85 Caterpillar forecasts the growth of world economic by 3% in 2014, which is about 2% up from last year.

Estimating 45

Estimating Forecasting Construction Equity 45