Construction Business Owner

APRIL 5, 2012

This, after all, is the foundation of the insurance industry. And risk can be a profit center, since insurance companies obviously make money. Contractors work in the middle of a chain of risk passed onto them. Public Exposure and Liability on Construction Sites. foundation. foundation software. government.

Risk 120

Risk Insurance Construction Software 120

Construction Business Owner

APRIL 1, 2011

Healthy Competition » Free Webinar on Reducing Profit Fade. One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs.

Cash Flow 120

Cash Flow Construction Software Software 120

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. Know the Contract and Budget.

Change Orders 120

Change Orders Construction Profitability Software 120

Construction Business Owner

AUGUST 18, 2011

Many State and Federal projects require a contractor to be bonded. In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. This report illustrates how a contractor bills a client versus the work they have actually completed. foundation.

Cash Flow 168

Cash Flow Software Software Accounting 168

Construction Business Owner

NOVEMBER 8, 2011

It crystallizes our mission to make contractors’ jobs easier and we put that mission into our own words: “When better is possible, good is not enough.” For instance, Foundation Software’s vision is this: “To provide the best in accounting software and service for the labor intensive contractor.” foundation. government.

Construction 174

Construction Software Software Accounting 174

Construction Business Owner

AUGUST 19, 2011

One of my favorite parts of this job is getting to talk with professionals in the industry who work with contractors for a living. And, let’s face it: the kind of individual driven to be a general contractor is often not the kind that relishes tedious office work and long hours spent analyzing numbers. foundation. Recent Posts.

Construction 120

Construction Software Software Accounting 120

Pro Builder

JUNE 1, 2020

For years, we as builders have been trained by industry consultants to think like manufacturers, create a process, and stick to it if we want to be profitable. Third-party contractors: Research + design + renderings + plan stamp/liability. If your annual revenue is $50 million, 20% gross profit would be $10 million.

Documentation 59

Documentation Software Software Profitability 59

Construction Business Owner

JANUARY 19, 2011

Relationship between the designer and the contractor » The Difference Between Selling Used Cars and Selling Software. They just plod along telling unsuspecting contractors that their software can do everything imaginable. Foundation Software has been profitable in each of its years of business since 1985.

Construction 136

Construction Software Software Accounting 136

Construction Business Owner

JANUARY 18, 2012

Mid-January is a time of reflection for many contractors. Querying different type of jobs in job costing to look at profitability by type. Public Exposure and Liability on Construction Sites. foundation. foundation software. Home » Blogs. « “How good do you want to be?” Wally Evans Blog.

Construction 168

Construction Software Software Accounting 168

Construction Business Owner

MAY 29, 2012

Contractors in today’s marketplace are caught in the middle of a paper and paperless culture. Many contractors haven’t taken advantage of digital document solutions, and the ones that have are still dealing with high volumes of data. Public Exposure and Liability on Construction Sites. foundation. foundation software.

Construction 120

Construction Software Software Cash Flow 120

Construction Business Owner

APRIL 2, 2011

« Free Webinar on Reducing Profit Fade. For those of you contractors doing government work: relish the competition involved with bidding. Public Exposure and Liability on Construction Sites. foundation. foundation software. About Us Contact Us Advertise Press Releases Upload Artwork Via FTP -->. Recent Posts.

Construction 159

Construction Software Software Accounting 159

Construction Business Owner

NOVEMBER 22, 2011

Many contractors go into business because they’re great at what they do. I know a successful excavating contractor that took over his father’s grave digging business when he was younger. Public Exposure and Liability on Construction Sites. foundation. foundation software. Wally Evans Blog. Recent Posts.

Construction 159

Construction Software Software Accounting 159

Contractor Bookkeeping

OCTOBER 17, 2014

This has been a popular and from all indications a very profitable swindle because it appears to be getting worse. From our experience as construction accountants, any contractor who cheats on their taxes ends up cheating themselves in the end. Contractors Are Prime Targets For IRS Scams.

IRS 48

IRS Claims Contractors Accounting 48

Construction Business Owner

AUGUST 30, 2011

You know, lots of contractors using an off-the-shelf accounting program ask me the same question: Why is construction-specific accounting software so much more expensive? Construction-specific systems allow contractors to instantly track and analyze job progress and performance. Public Exposure and Liability on Construction Sites.

Construction 168

Construction Software Software Accounting 168

Construction Business Owner

JUNE 29, 2012

Public Exposure and Liability on Construction Sites » Better Project Management through Better Communication. Contractors need to proactively evaluate and address how project teams – including subs and vendors – are communicating. Public Exposure and Liability on Construction Sites. foundation.

Construction 127

Construction Documentation Software Software 127

Construction Business Owner

FEBRUARY 16, 2012

» Contractors Seeking Credit Should Prepare to be Prepared. Bank lines of credit are lifelines for many contractors, yet convincing a bank to provide or renegotiate a line of credit is not easy. Many contractors negotiate payment due dates with their vendors to get themselves out of short-term cash binds. foundation.

Banking 120

Banking Construction Cash Flow Finance 120

Construction Business Owner

OCTOBER 26, 2011

I know a lot of contractors are getting into bidding season, and this got me thinking about communication. I know from my days as a general contractor that plans and specifications are altered continuously as subcontractors become involved, materials are changed, and change orders are issued. foundation. foundation software.

Construction 159

Construction Software Software Bidding 159

Construction Business Owner

APRIL 19, 2012

Staying Focused in the Fight Against Profit Fade » Connecting in Construction. Connection between our company and our customers, between industry peers, between contractors and their project teams. Public Exposure and Liability on Construction Sites. foundation. foundation software. Home » Blogs.

Construction 120

Construction Software Software Conference 120

Construction Business Owner

OCTOBER 10, 2011

What happens when construction expert George Hedley gathers 15 different contractors from all over the country, puts them in a room for 2 days and leads an open discussion? What I can tell you is encouraging: There are contractors who are succeeding in this economic climate. Public Exposure and Liability on Construction Sites.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

JULY 12, 2012

« Public Exposure and Liability on Construction Sites. Let’s look at a few important improvements that most contractors can make. It’s obviously to your advantage if your partners have easy access to your project documents – from owners or other contractors employing you to the subs and vendors you employ.

Construction 136

Construction Documentation Software Software 136

Construction Business Owner

JANUARY 6, 2011

There is just something special about being around contractors. One of the things I enjoy most about my position at ComputerEase is that I have the opportunity to deal with different contractors everyday and have the opportunity to help them with their construction software needs. Public Exposure and Liability on Construction Sites.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

FEBRUARY 1, 2011

« Relationship between the designer and the contractor. It seems like just yesterday that Foundation Software was newly incorporated. Foundation gained its own identity, and we have the right people in place for the right jobs. I dream about Foundation, and I make plans for its future. foundation. government.

Construction 136

Construction Software Software Foundation 136

Construction Business Owner

MARCH 1, 2012

Imagine the surprise to everyone when the profit is significantly less or non-existent at the end of a job! There’s been a lot of talk about BIM and more recently IPD as project collaboration solutions, but adoption by contractors has been slow. Public Exposure and Liability on Construction Sites. foundation. government.

Cash Flow 120

Cash Flow Construction Software Software 120

Construction Business Owner

OCTOBER 14, 2011

But I have been surprised at the number of contractors who tell me that they have bid for jobs at break-even or at a loss. Change orders can be harder to manage – and present more of a profitability challenge – than pre-planned project work. But the biggest exposure a contractor faces is rejection. Are they a dinghy or a yacht?

Change Orders 120

Change Orders Construction Software Software 120

Construction Business Owner

JUNE 20, 2011

One of my favorite books is Good to Great by Jim Collins, which crystallized our mission to make contractors’ jobs easier, characterized by the quote, “When better is possible, good is not enough.” Take Foundation Software, for example. Public Exposure and Liability on Construction Sites. foundation. Wally Evans Blog.

Construction 149

Construction Software Software Accounting 149

Construction Business Owner

MAY 24, 2012

But the point at which the office meets the field – where job progress is tracked, profitability is calculated, invoices and change orders are processed – this is the point where bad (or no) communications between the field and the office results in diminished performance and profits. foundation. foundation software.

Construction 120

Construction Software Software Iowa 120

Construction Business Owner

FEBRUARY 17, 2011

I know a lot of construction business owners (especially contractors who have grown their small businesses into medium-sized companies) who were once “digging graves with a shovel.” This post was mentioned on Twitter by Erica Brindley, Foundation Software. Public Exposure and Liability on Construction Sites. foundation.

Construction 149

Construction Software Software Accounting 149

Contractor Bookkeeping

AUGUST 16, 2013

Business Owners - Need three basic reports, Cash, Profit and Equity. Profit And Loss Report. Sales - Expenses) = Profit. Assets - Liabilities) = Equity. -. It is easy to run reports to determine which items are profitable and unprofitable and make adjustments quickly as needed. -. Cash On Hand.

Work in Progress 60

Work in Progress Accounting Construction Leases 60

Construction Business Owner

JULY 26, 2012

Contractors are realizing that the typically separate operations and business management sides of their companies work better when they work together. Contractors and software vendors alike keep looking for better ways to connect the two. Public Exposure and Liability on Construction Sites. foundation. Wally Evans Blog.

Software 136

Software Software Construction Documentation 136

Construction Business Owner

FEBRUARY 9, 2012

Contractors Seeking Credit Should Prepare to be Prepared » Hazard Communication? It is a part of the foundation, however, not the cornerstone. Public Exposure and Liability on Construction Sites. foundation. foundation software. Free Subscriptions. Construction Business Owner Magazine. Home » Blogs.

Construction 120

Construction Software Software Safety 120

Contractor Bookkeeping

MAY 16, 2014

If you are thinking about delegating your contractors bookkeeping to someone I would like to make a case for why you should hire the best bookkeeping service you can afford regardless of whether or not it is us because we may not be the best choice for your contracting company. If you want more in depth questions click here.

Contractors 48

Contractors Accounting Office US 48

Construction Business Owner

OCTOBER 12, 2011

Public Exposure and Liability on Construction Sites. foundation. foundation software. Tags: accounting , construction , contractors , features , foundation , job costing , software , support. This entry was posted on Wednesday, October 12th, 2011 at 12:26 pm and is filed under Fred Ode Blog. Wally Evans Blog.

Construction 120

Construction Software Software Accounting 120

Autodesk Construction Cloud

FEBRUARY 1, 2022

While a project’s ultimate goal is a successful completion, the steps it takes to get there are critical to profits and project’s life cycle. However, having a firm understanding of the foundations of your project before selecting a delivery method will aid your final decision. Design-Bid-Build (DBB).

Risk 52

Risk Schedule Design Budgeting 52

Construction Business Owner

FEBRUARY 2, 2012

Jim is a senior consultant with FMI and specializes in building profits by developing tailored operations strategies for his clients. If leadership success was measured only on profitability, then there were certainly many “great leaders” sitting in the CEO position of many contracting companies. foundation. foundation software.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

FEBRUARY 5, 2014

Tax Season Is Here and this is when most construction contractors think about getting their construction bookkeeping system in order so they can file their annual tax return for the previous year. Contractors Accounting For Your Company. Business Owners - Need three basic reports, Cash, Profit and Equity. Why Not All Three?

Accounting 48

Accounting Construction Profitability Contractors 48

Construction Business Owner

APRIL 4, 2011

Contractor, do for me? It is up to us, the contractor, to shape the message effectively and communicate to the client what the building will cost, an estimated time line to completion and any inherent issues that need to be addressed as early in the project as possible. Public Exposure and Liability on Construction Sites.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

JANUARY 26, 2012

Venture tools are built to give contractors visibility and control over three key areas of construction operations: Documentation. I remember the amount of time I used to spend as a general contractor following up on project notifications and issues. Public Exposure and Liability on Construction Sites. foundation.

Construction 120

Construction Software Software Documentation 120