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Unique Bookkeeper Errors Reduce Contractor Profits

Contractor Bookkeeping

The banker said his Profit & Loss, Balance Sheet did not look right to him. His banker was a blunt and told him that if he wanted to stay in the construction business he needed to have accurate Profit & Loss, Balance Sheet and Job Costing Reports. QuickBooks Job Profitability Reports. He had to rely on his gut feeling.

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PSMJ Resources Blog: Do Small Projects Need Schedules?

PSMJ Resources

Do Small Projects Need Schedules? Is it really critical that small projects have a schedule? Here are some of the most important reasons that schedules are developed: 1) First and foremost, you always want to get the work done on time. Without a schedule, it gets done when it gets done. quality, speed, and profitability.

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Expert Secrets to Winning Projects: Overheard in the Big Room

Autodesk Construction Cloud

Today’s contractors need to be strategic about winning new work to keep their businesses growing and profitable. Here are some ideas from professionals working in the industry today. . Staff experience, corporate experience, approach/methodology, schedule, and price…” – an intern architect . Diversity Matters .

BIM 96
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Understanding the Performance and Monitoring Phase of Construction

Levelset

During this first phase, pre-construction , the project owner will consult with an architect or design firm about an idea or plan. The designer will then help the project owner flesh out their ideas, determine a preliminary budget and timeline, and even assist the project owner in determining whether or not the project is feasible.

Lien 52
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The Future of the New-Home Design Studio

Pro Builder

And, as builder profits increasingly depend on improving cost efficiencies and generating higher options revenue, the design studio environment needs to work better and deliver more results. Rising, and often unpredictable, cost increases are squeezing profit like never before. Because as home prices rise, so do buyer expectations.

Design 98
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Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

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.

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Process Dependent Vs. People Dependent Increases Contractor's Profits

Contractor Bookkeeping

To make matters worse there are a never ending parade of consults and hucksters ready to solve all your problems and make everything right as if by magic; and you know that''s not going to happen! Cash flow issues kill contractors even though they have profit. Poor scheduling affects production and cash flow.