Construction Marketing

MAY 17, 2023

Due to the quick adoption of new tools and technologies, keeping competitive and being successful in the current environment of the construction industry are now closely related to implementing technological innovations. Safety and Risk Management Safety and risk management are paramount in the construction industry.

Innovation 262

Innovation Construction Safety Budgeting 262

Job Order Contracting

MAY 6, 2022

Shared profit and risk and jointly developed project goals and values are keystones for team alignment for any project. The ultimate benefit provided by integrated construction planning, procurement, and project delivery solution is significantly improved life-cycle total cost of ownership asset management. Cheng, R., & Johnson, A.

Procurement 220

Procurement Plans Construction Life Cycle 220

Construction Enquirer

JUNE 22, 2023

Hire giant Speedy saw profits slump in its latest accounts after £20m of kit was discovered “missing” earlier this year. while pre-tax profit fell to £1.8m while pre-tax profit fell to £1.8m The hire giant launched a probe in February after a count-up of its kit revealed a £20.4m from £29.1m. .” from £29.1m.

Accounting 90

Accounting Profitability Environment Management 90

Construction Enquirer

AUGUST 9, 2023

Persimmon is looking to retender subcontractor packages more regularly as it looks to “share the cost pressures in this new challenging environment.” “Just as we absorbed many price increases from subcontractors in recent years, so we need to share the cost pressures in this new challenging environment.

Work in Progress 97

Work in Progress Profitability Overhead Negotiation 97

Fieldwire

SEPTEMBER 6, 2023

based jobsite management software company , in 2021. Fieldwire is on a mission to become the world’s most trusted field management solution for construction teams on projects of any scale. To bolster its offerings as the digital transformation partner of choice for its customers, Hilti acquired Fieldwire , a U.S.-based

Software 97

Software Software Products Construction 97

Safety Services Company

DECEMBER 1, 2023

Rigorous oversight, extensive use of Personal Protective Equipment (PPE), and investment in safety and compliance training drive Bob’s profits well above industry averages. In this blog, we’ll explore precisely how safety and compliance and its management can help you win contracts. Let’s look at why that is.

Safety 110

Safety Bidding Contract Liability 110

Autodesk Construction Cloud

JULY 13, 2023

While bringing in large projects and generating revenue is essential, it’s equally important to manage profit effectively and ensure healthy margins. And while profit margins in construction are notoriously tight (4-6%), there are steps you can take to increase your profitability without compromising the quality of your work.

Profitability 98

Profitability Risk Construction Autodesk 98

Construction Enquirer

JULY 10, 2023

But rising cost pressures saw pre-tax profit slide 20% to £15.1m, representing a fall in group margin from around 2% to 1.3% Andrew Bill, Graham Group chief executive officer, said that profitability has been impacted by well-publicised inflationary pressures facing the wider economy. . in the year to March 2023.

Profitability 47

Profitability Banking Accounting Risk 47

Safety Services Company

FEBRUARY 19, 2020

IS YOUR BUSINESS EFFECTIVELY PRIORITIZING CONSTRUCTION RISK MANAGEMENT? From financial difficulties to fatal accidents, construction risk management is integral in order to secure a company’s survival and eventual growth. With that said, construction risk management should be a priority for your company. Project Risks.

Risk 62

Risk Management Construction Safety 62

Safety Services Company

FEBRUARY 18, 2020

How Well Does Your Business Prioritize Construction Risk Management? From financial difficulties to fatal accidents, risk management is integral in order to secure a company’s survival and eventual growth. . With that said, construction risk management should be a priority for your company. What is Construction Risk Management?

Risk 62

Risk Management Construction Safety 62

Construction Enquirer

AUGUST 29, 2023

“Mature discussions” with clients about material price rises enabled specialist engineering contractor McGee to protect its profits despite rampant inflation. Latest results for the firm for the year to November 30 2022 show pre-tax profits steady at £6.1m from £6m last time despite a dip in turnover to £83.3m for £92.2m.

Risk 77

Risk Profitability Security Engineering 77

Viewpoint Construction Technology

MAY 14, 2019

The most common contractor errors and how to avoid them to keep your construction projects safe, productive and profitable. Staying proactive during projects by recognizing pitfalls and taking appropriate steps to avoid them limits accidents, ensures budgets and timelines remain on schedule and creates a more positive work environment.

Contractors 296

Contractors Software Software Accidents 296

Contractor Bookkeeping

MAY 3, 2019

The truth is the most successful, wealthy, highly profitable construction contractors don't like change. Six keys helped us outperform other contractors in terms of cash flow and profit year after year regardless of the economic conditions: I was raised in a construction family.

Cash Flow 52

Cash Flow Management Profitability Accounting 52

Autodesk Construction Cloud

DECEMBER 20, 2021

Top Resources for Construction Project Managers. “If If you’re looking for a relaxing profession, choose construction management.” – said no experienced construction project manager ever. If and when things go wrong, you can bet the manager will be the first to hear about it, and frequently, the first to receive the blame.

Project Management 52

Project Management Management Construction Risk 52

BD+C

MAY 22, 2023

2023 High Growth Study shares tips for finding success in uncertain times 0 qpurcell Mon, 05/22/2023 - 12:10 Industry Research Lee Frederiksen, Managing Partner, Hinge, reveals key takeaways from the firm's recent High Growth study. With all these challenges the question arises, “Is it still possible to find success in this environment?”

Profitability 98

Profitability Environment Modeling Industrial 98

Construction Business Owner

JUNE 26, 2013

The construction environment over the last several years has presented challenges that have placed subcontractors and general contractors in a state of vulnerability that must be properly managed to avoid negative impacts on their organizations.

Risk 179

Risk Profitability Organization Environment 179

Autodesk Construction Cloud

FEBRUARY 5, 2022

How to Manage Risk in Your Construction Project. According to The Construction Industry Institute , there are about 107 construction risks you should consider when managing a project. Regardless, a solid risk management strategy is critical to the security of your company and project. What is Construction Risk Management?

Risk 59

Risk Management Construction Documentation 59

Autodesk Construction Cloud

FEBRUARY 1, 2024

Paired with razor-thin profit margins, it’s increasingly difficult for construction firms to build and maintain the financial foundation necessary to compete and thrive in the industry. Faster payment cycles are essential for GCs and subcontractors alike to stay profitable in today’s fast-paced and evolving economic environment.

Autodesk 87

Autodesk Cash Flow Construction Risk 87

Contractor Bookkeeping

AUGUST 4, 2014

Ever Wonder Why Some Competitors Seem To Have More Cash Flow And Profit Than You? Earning enormous amounts of cash and profits in any business is simple, not easy, but simple if you know what to do. Joe The Plumber''s Story: I met a plumbing contractor in the mid 1970''s who was very profitable. 1 Find Something You Enjoy.

Profitability 49

Profitability Contractors Accounting Documentation 49

Autodesk Construction Cloud

DECEMBER 31, 2021

Or implementing new safety training to mitigate worker injury risk You can then use that knowledge to anticipate and better manage risk for future jobs. We used profit margin to distinguish between successful and unsuccessful projects,” Keaney clarified. In this case, unsuccessful projects are classified by profit margins. .

Risk 52

Risk Management Construction Autodesk 52

Autodesk Construction Cloud

JULY 13, 2023

While bringing in large projects and generating revenue is essential, it's equally important to manage profit effectively and ensure healthy margins. And while profit margins in construction are notoriously tight (4-6%), there are steps you can take to increase your profitability without compromising the quality of your work.

Profitability 52

Profitability Risk Construction Autodesk 52

Construction Marketing

JULY 24, 2020

Modern marketing measures and reports analytics, tests and optimizes campaigns, and reports on key metrics to accounting and executive management in collaborative environment, focused on achieving mutual objectives. Marketing executives working with accounting executives with a common objective, often sales growth and profitability.

Accounting 175

Accounting Finance Forecasting Certification 175

Viewpoint Construction Technology

SEPTEMBER 23, 2018

It is a given that within the industry, project managers can feel overloaded by numerous simultaneous projects requiring immediate attention. And what often happens is that the lack of time to analyse the best way to make decisions or procure the right components means that project managers react as opposed to making rational decisions.

Industrial 130

Industrial Accounting Viewpoint Construction 130

Viewpoint Construction Technology

APRIL 24, 2019

Business intelligence in its simplest terms is the gathering of data — largely produced through construction management and project management software — and sorting and analyzing it to make intelligent business decisions. Soule are using BI technology to dramatically improve productivity and profitability.

Construction 200

Construction Software Software Contractors 200

Viewpoint Construction Technology

OCTOBER 16, 2018

And, as business globally gravitates further to the cloud to manage financial and operational data, so to does the construction industry. Our clients are at the forefront of this shift, implementing integrated construction management software and solutions to achieve new heights in productivity and profitability.”.

Viewpoint 195

Viewpoint Software Software Accounting 195

Job Order Contracting

MARCH 12, 2018

LEAN School Maintenance Operations Construction is easily attainable with capable leadership and the implementation of best management practices. Quite frankly, efficient stewardship of the built environment is critical responsibility for all. That said, not all JOC Programs are the same. under $2M-$3M+ spent annually).

Construction 100

Construction Renovating Consulting CSI 100

Construction Marketing

JUNE 14, 2022

These challenges include using dangerous tools and poisonous chemicals and being around unsafe working environments. You also need to give your workers instructions for emergency management. It also helps enhance the overall productivity of your firm, resulting in increased profits.

Safety 350

Safety Site Construction Inspections 350

Autodesk Construction Cloud

SEPTEMBER 13, 2022

Contractors are focused on executing efficiently and safety, while winning new business and staying profitable. . Firms that want to stay both competitive and resilient in an evolving economic landscape need a strong risk management strategy – yet this is easier said than done. Risk management is a multifaceted challenge.

Autodesk 105

Autodesk Risk Industrial Construction 105

Viewpoint Construction Technology

SEPTEMBER 12, 2012

From estimating and project management practices to compensation and business management, contractors are finding a “new normal” in every aspect of their business. I hear stories from clients about how aggressive the bidding environment has become, with more and more contractors bidding for each job and many bidding at a loss.

Estimating 205

Estimating Compensation Bidding Construction 205

Viewpoint Construction Technology

MAY 31, 2018

That’s when thousands of construction professionals of all roles, company sizes and specialties will gather here in Portland to learn, network and discover the latest technology solutions to eliminate inefficiencies and increase their profitability. You’ve probably guessed by now that I’m referring to our Collaborate 2018 user conference.

Conference 236

Conference Viewpoint Portland Construction 236

Autodesk Construction Cloud

DECEMBER 13, 2022

Today’s contractors need to be strategic about winning new work to keep their businesses growing and profitable. The answer to that varies based on who you talk to, but there are some common themes, like good communication, a quality product and excellent project management. Project Management is HUGE. Build a Good Reputation

BIM 96

BIM Project Management Bidding Autodesk 96

Green Building Law Update

JANUARY 30, 2022

People want to save the planet while they make a profit. Concomitantly, readers of this blog are a target rich environment for current business ESG activity and a group ripe for this modest survey effort. Maybe not surprisingly 52% reported their company’s ESG priorities today were more heavily weighted on environment factors (.

Statistics 156

Statistics Regulation Legal Profitability 156

Contractor Bookkeeping

JUNE 19, 2013

We are happy to be able to offer free Invoice templates, free Change Order templates and free estimate templates to construction contractors and other business owners to help them grow their sales and profits and have better lives for their families. Change Orders are a huge source of new profit. Click here to learn more.

Profitability 48

Profitability Cash Flow Accounting Construction 48

Autodesk Construction Cloud

JULY 19, 2023

The firm’s reached the latest milestone in its digital transformation journey: A Common Data Environment (CDE) for all projects established with the help of Autodesk Construction Cloud. SBE transitioned their approach to focus on BIM, recognising the need for holistic information management.

Autodesk 97

Autodesk BIM Drawings Engineering 97

Lets Build

JANUARY 20, 2023

And even if it’s mostly controlled chaos, staying on top of everything is challenging for site managers. If you ever feel that recording activities in your construction daily logs is too much of a hassle, think about the negative implications on your profit margin and reputation. Construction sites are chaotic.

Site 148

Site Construction Documentation Products 148

Job Order Contracting

JANUARY 10, 2021

Research has readily noted the causal factors for the relative lack of adoption of Lean across the construction and facilities management sectors. Journal of Civil Engineering and Management, 14(2), 73–78. Profitable partnering for LC. Engineering, Construction and Architectural Management, 8 (4,), 292-303. 1440-7027).

Construction 164

Construction Procurement Contract Management 164

Construction Marketing

DECEMBER 15, 2021

These are some but not the least solutions that can enhance the design, accounting, budget planning, on-site and business processes, and management. That is why AI-based systems come in handy for well-thought workflows and a highly-managed environment. AI & Machine Learning. BIM & Wearables. Virtual Reality (VR).

Industrial 120

Industrial Construction Software Software 120