Documentation Forecasting Profitability Work in Progress 
Construction Business Owner
APRIL 5, 2021
For example, if each clash costs $3,500 per instance (PWC, 2018), it’s difficult for estimators and project managers to ensure each project is profitable during the planning phases of a project. Autodesk Construction Cloud’s CDE empowers teams to remain on the same page when planning and forecasting a project. The MacLeamy curve.
Contractor Bookkeeping
OCTOBER 4, 2013
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. If You Know Exactly What To Do.
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Contractor Bookkeeping
FEBRUARY 28, 2014
Cash flow issues kill contractors even though they have profit. Poor document management results in overpaying taxes. Look at financial data as time allows and in a historical context only, no forecasting. Work primarily IN the business but not ON the business. Ignoring Profit Centers and Key Performance Indicators (KPI).
Best Practices Construction Law
NOVEMBER 26, 2012
First, pay attention to payment terms, including whether payment is based upon work in place or equal installments. Also, consider eliminating any retainage provisions, if possible, or including a phased-out retainage so that your entire gross profit is not left until the project is completed.
ProcurementExpress.com
JULY 15, 2019
While cash flow problems can come from several different sources, review the list below for three strategies that construction companies can use to improve their cash flow management process, thus freeing up more working capital and reducing those unpredictable highs and lows that have long been hallmarks of the biz. Embrace Automation.
ProcurementExpress.com
JULY 15, 2019
While cash flow problems can come from several different sources, review the list below for three strategies that construction companies can use to improve their cash flow management process, thus freeing up more working capital and reducing those unpredictable highs and lows that have long been hallmarks of the biz. Embrace Automation.
Contractor Bookkeeping
SEPTEMBER 29, 2012
Store And Retrieve Documents With 24/7 Access! Financial Profit And Growth Coaching For Contractors! Consulting To Help Setup Budgets And Forecasts! Cloud based document storage with 24/7 remote access. Work In Progress (WIP) Reporting. Profit & Loss statement anytime YOU want it!
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