Jobsite with Procore

MARCH 17, 2022

Rather than surrendering to these challenges, specialty contractors are turning to construction technology to confront them head on, ensuring maximum efficiency, boosting productivity, and improving outcomes.

Contractors 52

Contractors Profitability Materials Products 52

Viewpoint Construction Technology

NOVEMBER 29, 2017

As a subcontractor, you’re often at the mercy of the general contractors you work with and are required to use their project management tools. At the same time, you’re trying to keep a close eye on your own jobs, profit margins, invoices, personnel, equipment, drawings, and more. Cost savings.

Profitability 166

Profitability Viewpoint Software Software 166

Construction Dive

APRIL 13, 2018

The ABC said that rising material prices and wages will challenge contractor profits in 2018, despite a healthy backlog of work.

Profitability 73

Profitability Materials ABC Contractors 73

Autodesk Construction Cloud

APRIL 24, 2023

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. By taking proactive steps and adopting the right tools, you can mitigate and safeguard your firm’s profits. design and preconstruction.

Profitability 97

Profitability Construction Autodesk Forecasting 97

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 in the year to January 2023 as the more challenging market also eroded margins.

Profitability 65

Profitability Security Forecasting Infrastructure 65

Construction Enquirer

MAY 23, 2023

But pre-tax profit slid to £15m from £25m the year before in the face of a turbulent market and unpredictability of material and labour prices. HG Construction five-year view 2022 2021 2020 2019 2018 Revenue £336m £243m £202m £150m £152m Pre-tax profit £15.2m £24.9m £16.7m £11.7m £11.3m Op profit margin 4.6%

Profitability 62

Profitability Construction Risk US 62

Job Order Contracting

NOVEMBER 21, 2023

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. Each aspect, such as materials, labor, equipment, and overhead, should be itemized separately.

Contract 195

Contract Overhead Estimating Profitability 195

Pro Builder

JANUARY 9, 2023

The Biggest Challenges for Contractors in the Year Ahead. High inflation, dwindling buyer demand, and lingering supply chain obstacles are just a few of the many challenges keeping contractors up at night during the first month of the new year. Trade Contractors. Mon, 01/09/2023 - 10:43. Home builders across the U.S. Builders.

Contractors 98

Contractors Georgia Contract Materials 98

Autodesk Construction Cloud

JULY 31, 2023

Necessary materials are thousands of miles (and sometimes years) away. To fulfill project and profit expectations consistently – and provide fulfillment for workers themselves. To fulfill project and profit expectations consistently – and provide fulfillment for workers themselves. As we know, construction is very cyclical.

Profitability 52

Profitability Construction Innovation BIM 52

Construction Superintendent Magazine

JUNE 17, 2021

Associated Builders and Contractors reports that its Construction Backlog Indicator rose to 8.0 While ABC’s Construction Confidence Index readings for sales increased modestly in May, confidence regarding profit margins and staffing levels slipped. months in May, according to an ABC member survey conducted from May 20 to June 2, 0.1

Materials 52

Materials ABC Contractors Profitability 52

Construction Enquirer

MAY 2, 2023

in unpaid invoices when M&E contractor Norstead went into administration in February. FRP said Norstead was hit hard by the failure of Metnor, which was its biggest customer, the withdrawal of a major funder and increases in material costs. Hundreds of subcontractors and suppliers were left holding £5.3m

Contractors 85

Contractors Debt Profitability Accounting 85

Fieldwire

AUGUST 14, 2023

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. The basics of retainage Retainage, also called retention, is an amount withheld from the contractor until a later date.

Contractors 98

Contractors Cash Flow Lien Negotiation 98

Construction Superintendent Magazine

JULY 18, 2022

The Marcum Commercial Construction Index for the first quarter of 2022 reports that the construction industry faces increasing costs and shortages of both labor and materials, as well as rising interest rates. Many contractors report. Despite rising costs of capital, demand for construction services remains elevated.

Materials 52

Materials Construction Commercial Profitability 52

GCP Applied Technologies

FEBRUARY 19, 2020

Concrete materials management. Below are some helpful articles for concrete producers to consider while managing their materials, from overcoming common quality obstacles to dealing with returned concrete. The solutions below can help producers improve materials flexibility, reduce waste and increase productivity and profits.

Concrete 78

Concrete Materials Management Products 78

Viewpoint Construction Technology

JULY 27, 2017

Planning for construction costs can mean the difference between making a decent profit and barely breaking even. Researching affordable building materials ahead of time in tandem with the architect can help cut costs prior to groundbreaking. Take the time to shop around for the best prices on materials and equipment.

Viewpoint 205

Viewpoint Contractors Inventory Profitability 205

Levelset

JUNE 14, 2022

Inflation is more than a buzzword for specialty contractors. Construction material costs are rising along with high fuel prices , affecting lead times and project success. Contractors report that supply chain disruptions impact inventory and their ability to forecast for the future.

Materials 52

Materials Cash Flow Deals Finance 52

Job Order Contracting

MARCH 1, 2022

Contractors must evaluate multiple factors in addition to the associated use of their own capabilities and resources. Materials. General / Prime Contractor Overhead. General / Prime Contractor Profit and risk. Transportation of contractor’s personnel to, from, and within the job site. Equipment. Supervision.

Insurance 235

Insurance Compensation Overhead Security 235

Construction Superintendent Magazine

APRIL 16, 2022

Associated Builders and Contractors’ latest Construction Backlog Indicator has increased to 8.3 ABC’s Construction Confidence Index readings for sales, profit margins and staffing levels declined in March. ABC contractors indicate that demand will remain strong, with 65% of contractors expecting sales to.

ABC 52

ABC Contractors Profitability Construction 52

Lets Build

SEPTEMBER 15, 2022

As the size and challenges of these projects continue to grow, so do the problems they bring for general contractors and construction companies. The result is often lower productivity and less profitability for those involved in infrastructure projects. Focus on value creation. Synchronize your scheduling. Aim for zero defects.

Infrastructure 148

Infrastructure Construction Profitability Contractors 148

Viewpoint Construction Technology

MARCH 27, 2018

In an effort to improve operations, efficiency and productivity on jobsites, more contractors than ever are trying out cutting-edge technology. That’s nearly a 20 percent increase from last year, a big improvement that indicates contractors are looking for new ways to tackle jobsite challenges. The Future Available Now. In 2017, 37.8

Contractors 174

Contractors Construction Visualization Software 174

Levelset

MAY 2, 2022

Contractors trying to grow their business and take on larger projects often struggle to manage their cash flow to purchase the materials they need. Many contractors use trade credit to delay paying for materials and keep more cash in their pockets. Ask for it.

Negotiation 52

Negotiation Materials Cash Flow Finance 52

Contractor Bookkeeping

SEPTEMBER 5, 2013

When A Contractor Brags About Getting Referrals It Drives Me Crazy! 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. I discounted the work to less than the cost of materials.

Profitability 49

Profitability Contractors Accounting Income 49

Contractor Bookkeeping

OCTOBER 23, 2020

No one starts a business, especially a contracting business, and have it rolling perfectly with a profit every step of the way. Picking a Get-Me-By Contractor's Bookkeeping Solution in many cases is using an Excel Spreadsheet and a shoebox, file folders all dumped into a file box and looking at the Online Banking once in a while.

Cash Flow 75

Cash Flow Contractors Banking Accounting 75

Contractor Bookkeeping

AUGUST 11, 2014

Recently A General Contractor Who Needed Help Getting Useful Reports Contacted Us. The banker said his Profit & Loss, Balance Sheet did not look right to him. When the contractor asked his in-house bookkeeper to review the QuickBooks company file she did and was emphatic everything was perfect.

Profitability 48

Profitability Contractors Accounting Income 48

Levelset

MARCH 11, 2022

Prioritizing a low bid over contractor performance is a lose-lose procurement strategy. Unfortunately, low bidding is an accepted practice for both owners and contractors alike. In addition, they make less per project and ultimately end up with too little profit, if any, to grow. Who’s responsible for low-bid procurement?

Bidding 98

Bidding Cash Flow Contractors Procurement 98

Lets Build

FEBRUARY 24, 2023

The same issues plaguing the industry last year—labour shortages, supply chain disruptions, high material costs, lower profit margins, etc.—followed These challenges will likely result in even smaller profit margins in the months to come. Construction firms fight to keep their profit margins through supply chain disruptions.

Industrial 148

Industrial Construction Profitability Budgeting 148

Job Order Contracting

AUGUST 4, 2023

Comprehensive, granular, line item tasks including a description, and individual data components for labor, material, equipment, and productivity (crews). No inclusion of builder/contractor overhead or profit. Organization using expaned CSI Masterformat. Timely updates – Data must be update quaterly at minimum.

CSI 114

CSI Construction Overhead Profitability 114

Civil Lead

APRIL 22, 2020

When we are planning to construct a building or house the first question comes in our mind is we have to give a material contractor or labour contract. Whereas in the material contract all materials and labour required for the construction are supplied by the contractor. While the contractor may or may not do that.

Contract 52

Contract Materials Housing Bargains 52

Contractor Bookkeeping

OCTOBER 18, 2019

Cost is what you see; the profit potential is what you don't see. High-profit construction company owner's focus on both and understand that "It Takes Money To Make Money.". Strategy comes from the office.

Profitability 49

Profitability Construction Office Materials 49

BD+C

DECEMBER 7, 2017

The majority of commercial and industrial contractors are confident about sales growth, profits and staffing levels heading into 2018, according to the latest Associated Builders and Contractors (ABC) Construction Confidence Index (CCI).

ABC 61

ABC Contractors Profitability Commercial 61

HardHatChat

FEBRUARY 14, 2024

Your reputation and finished product as a national general contractor are only as good as the performance of your local subcontractor partners. Our best referrals come from our most sophisticated and professional partners who like to work with other top-notch contractors. They are a fantastic resource. It matters.

Commercial 295

Commercial Construction Schedule US 295

Construction Business Owner

SEPTEMBER 9, 2022

The strength of a construction supply chain heavily depends on other industries — manufacturing, distribution and even retail-commerce — that siphon critical products to contractors and developers. How is your budget holding up under the prices of the raw materials and labor you’ve been choosing? Maintain Multiple Suppliers.

Management 296

Management Industrial Construction Materials 296

Contractor Bookkeeping

AUGUST 30, 2013

More Secrets From Our Experiences With Successful Contractors. We Serve Several Highly P rofitable Construction Companies and some not as profitable ones. The differences in operations between the two groups are very small and yet the profit picture is massively different. Job Material Inventory Costs. Material Staging.

Profitability 48

Profitability Contractors Accounting Cash Flow 48

Lets Build

FEBRUARY 3, 2023

Other than increasing material prices, workforce shortages are a significant driving factor which is likely to keep construction inflation at higher-than-normal levels. Using this traditional procurement method pits trade partners and contractors against each other. Communication needs to happen at every level.

Construction 148

Construction Materials Risk Management 148

Pro Builder

APRIL 19, 2021

5 Reasons to Use Mechanical Contractor Software. The construction industry has gone through an extensive transformation, and technology has completely changed the concept of how to drive more quality, productivity, and profit into projects. The same is true for mechanical contractors. 5) Material Planning & Document Management.

Software 52

Software Software Contractors Change Orders 52

Contractor Bookkeeping

MARCH 6, 2015

Increasing cash flow and profits in your Construction Company is a process that can be predictable and profitable. "If In school when you sat for an exam or a test and if you understood the material backwards, forwards and sideways the test was fast and easy. Increase Construction Company Profits'

Profitability 48

Profitability Cash Flow Construction Contractors 48

Autodesk Construction Cloud

DECEMBER 12, 2021

Below, let’s discuss the importance of construction KPIs and critical metrics your company should be measuring to affect profits and productivity. Similarly, although basic construction project metrics concern costs and time, profit isn’t the only performance issue to measure. Key Takeaways.

Profitability 52

Profitability Products CFMA Construction 52