Construction Business Owner

MAY 29, 2014

The correlation between safety education and training and the production levels necessary to achieve profitability in construction is not difficult to understand. Performance leads to profits, and fewer accidents result in fewer expenses and insurance claims.'

Safety 294

Safety Accidents Profitability Insurance 294

Job Order Contracting

APRIL 26, 2022

An actionable unit price cost database includes granular repair, renovation, maintenance, and new construction tasks for the local market and includes labor, material, equipment, crew, and productivity information, per an associated unit of measure. Profit and overheads should be considered separately. for the local market.

Estimating 240

Estimating CSI Procurement Construction 240

Job Order Contracting

JULY 19, 2020

liability insurance and allowance for small tools and consumables. Liability insurance based upon local contractor rates is also added as a percentage. Liability insurance based upon local contractor rates is also added as a percentage. The base rate does not include overhead and profit, however, can be added if needed.

Estimating 155

Estimating Overhead Construction Liability 155

Job Order Contracting

FEBRUARY 24, 2018

Here’s a listing of what is typically included in a construction contractor’s Job Order Contract coefficient… Contractor’s overhead and profit. Subcontractors’ overhead and profit. Employee payroll taxes, insurance, and fringe benefits. Sales tax on material and equipment costs. Quality control.

Overhead 100

Overhead Permits Insurance Contract 100

Job Order Contracting

DECEMBER 20, 2017

home office overhead; insurance, bonds, and indemnification; project meetings, training, management and supervision; mobilization and close-out for the contract and each Project/Job Order; project office staff and equipment; profit; subcontractor’s overhead and profit; all taxes for which a waiver is not available including material sales tax (..)

Contract 100

Contract Overhead Insurance Profitability 100

Job Order Contracting

SEPTEMBER 28, 2016

Example include, general and administrative and other overhead costs, insurance costs, bonding and alternative payment protection costs, protective clothing, equipment rental, and contractor’s profit. Subcontractors’ overhead and profit. Employee payroll taxes, insurance and fringe benefits. Quality control.

Contract 100

Contract Overhead Insurance Profitability 100

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. Percentage of equipment downtime. Key Takeaways.

Profitability 52

Profitability Products CFMA Construction 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 98

Profitability Risk Construction Autodesk 98

Viewpoint Construction Technology

JUNE 12, 2013

For example, if you completely own a piece of equipment, you probably estimate the amount of fuel that it uses on a job, but may not consider including the depreciation, insurance, maintenance, and other costs associated with running it. Missing the Mark on Profitability. Science Meets Art.

Bidding 317

Bidding Profitability Construction Cash Flow 317

Job Order Contracting

JANUARY 25, 2018

Insurance and bond costs • Appraisals. Special equipment and furnishings • Property taxes. Levies • Developer profit. Levies • Developer profit. . • Architectural and engineering fees • Permits and development charges. Government registered programs • Purchaser upgrades. Legal fees • Soil and environmental tests.

Commercial 100

Commercial Construction Commissioning Permits 100

Levelset

APRIL 1, 2022

Materials, insurances, permits, payroll, and other typical costs are relatively simple to account for. Luckily, there are insurance policies that will replace the cost of the stolen goods, such as builders risk insurance. Insurance claims. Impact of construction site theft. Schedule delays. Eventually.

Site 52

Site Cash Flow Insurance Construction 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 Business Owner

APRIL 5, 2012

INSURANCE |. EQUIPMENT |. Equipment Management. Equipment and Services Directory. This, after all, is the foundation of the insurance industry. And risk can be a profit center, since insurance companies obviously make money. So what do construction and insurance companies have in common?

Risk 120

Risk Insurance Construction Software 120

Fieldwire

MARCH 5, 2024

Subcontractors getting awarded a contract spells financial disaster if the bid is too high to be competitive or too low to be profitable. Subcontractors can do a separate takeoff based on the general contractor’s specs to verify material and equipment quantities and ensure an accurate count before contacting suppliers and vendors.

Budgeting 52

Budgeting Budget Estimating Bidding 52

Fieldwire

JULY 20, 2022

Preventive monitoring and maintenance is crucial to improving the equipment life and eventually sparing you time and cash. Some construction companies are unsure of when they purchased a certain piece of equipment, much alone when it was last serviced. This will give you an excellent notion of the time to replace equipment.

Management 52

Management Equipment Inspections Construction 52

ENR Construction

JULY 22, 2012

Contractors Are Renting Rather Than Buying More Equipment During Slow Recovery. Equipment rentals allow contractors to shift downtime risk while trimming expenses, including licensing, insurance, taxes and debt, among others. in 2011, according to the Associated Equipment Manufacturers, a Milwaukee-based industry trade group.

Equipment 75

Equipment Contractors Las Vegas FAQ 75

Construction Business Owner

SEPTEMBER 27, 2011

INSURANCE |. EQUIPMENT |. Equipment Management. Equipment and Services Directory. Most of these contractors are considering an investment in equipment or software, and they want to know if it can actually help their construction business. Good on new and used equipment, including software. SOFTWARE |.

Construction 181

Construction Software Software Accounting 181

Job Order Contracting

FEBRUARY 26, 2017

GENERAL – Cost data is organized using MasterFormat2004+ [1] and includes detailed line item description and associated material, equipment and labor as appropriate. BEST VALUE – As noted, all unit price line item provided incorporate locally research labor, material, and equipment costs.

Contract 100

Contract CSI Compensation Equipment 100

Chianelli Estimating

AUGUST 6, 2020

social distancing, staggered start times, wide-ranging disinfection for tools, work surfaces, equipment, machinery and hands. The result is higher costs to complete projects.Other considerations will be the impact it will have on OSHA standards and Insurance Company costs. Tool & Equipment rentals. cost overruns.

Estimating 60

Estimating Residential Insurance Commercial 60

Construction Business Owner

APRIL 1, 2011

INSURANCE |. EQUIPMENT |. Equipment Management. Equipment and Services Directory. 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.

Cash Flow 120

Cash Flow Construction Software Software 120

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.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Construction Business Owner

APRIL 26, 2012

INSURANCE |. EQUIPMENT |. Equipment Management. Equipment and Services Directory. Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. There’s a name for these situations: “profit fade.” SOFTWARE |. MARKETING |. General Management. Accounting & Finance.

Change Orders 120

Change Orders Construction Profitability Software 120

Construction Business Owner

NOVEMBER 17, 2011

INSURANCE |. EQUIPMENT |. Equipment Management. Equipment and Services Directory. E-mail overload » Construction Equipment Management: Finding the Sweet Spot. After working with contractors for 30+ years, it still concerns me how many do not have a real handle on their equipment costs. SOFTWARE |.

Construction 137

Construction Software Software Equipment 137

Building Information Management

JULY 2, 2016

Employee payroll taxes, insurance and fringe benefits. Sales tax on material and equipment costs. insurance costs. equipment rental. contractor’s profit. subcontractor’s overhead and profit. Sales tax on material and equipment costs. insurance costs. equipment rental.

Contract 40

Contract Overhead Permits Insurance 40

Construction Business Owner

JANUARY 18, 2012

INSURANCE |. EQUIPMENT |. Equipment Management. Equipment and Services Directory. Querying different type of jobs in job costing to look at profitability by type. SOFTWARE |. MARKETING |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building.

Construction 169

Construction Software Software Accounting 169

Construction Business Owner

MAY 10, 2012

INSURANCE |. EQUIPMENT |. Equipment Management. Equipment and Services Directory. » CBO Visits Equipment Manufacturers. Last week I unplugged my laptop, set aside my to-do list, and spent some time with equipment manufacturers who supply CBO’s readers. SOFTWARE |. MARKETING |. General Management.

Construction 120

Construction Software Software Georgia 120

Construction Business Owner

MAY 7, 2012

INSURANCE |. EQUIPMENT |. Equipment Management. Equipment and Services Directory. « Staying Focused in the Fight Against Profit Fade. CBO Visits Equipment Manufacturers » Customer Collaboration & Construction Software. SOFTWARE |. MARKETING |. General Management. Software & Technology.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

DECEMBER 20, 2011

INSURANCE |. EQUIPMENT |. Equipment Management. Equipment and Services Directory. SOFTWARE |. MARKETING |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Resource Center. Dexter + Chaney.

Software 120

Software Software Construction Accounting 120

Construction Business Owner

JANUARY 31, 2012

INSURANCE |. EQUIPMENT |. Equipment Management. Equipment and Services Directory. SOFTWARE |. MARKETING |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Resource Center. Dexter + Chaney.

Construction 185

Construction Software Software Accounting 185

Construction Business Owner

AUGUST 18, 2011

INSURANCE |. EQUIPMENT |. Equipment Management. Equipment and Services Directory. 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. SOFTWARE |. MARKETING |. General Management. Software & Technology. Accounting & Finance.

Cash Flow 169

Cash Flow Software Software Accounting 169

Construction Business Owner

AUGUST 19, 2011

INSURANCE |. EQUIPMENT |. Equipment Management. Equipment and Services Directory. These are risk takers, men and women who are driven to hustle and make a profit—not the sitting still type. SOFTWARE |. MARKETING |. General Management. Software & Technology. Accounting & Finance. Construction Law. Green Building.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

APRIL 19, 2012

INSURANCE |. EQUIPMENT |. Equipment Management. Equipment and Services Directory. Staying Focused in the Fight Against Profit Fade » Connecting in Construction. SOFTWARE |. MARKETING |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building.

Construction 120

Construction Software Software Conference 120

Levelset

SEPTEMBER 22, 2022

Getting caught in a piece of machinery or caught between a piece of heavy equipment and the ground or a wall could result in the loss of life or limb. Powered-up equipment and electrical lines stand out as two principal risks on a jobsite. Lost days at work can impact the scheduled timeline and projected profitability of a job.

Safety 52

Safety Injury Risk Construction 52

Construction Business Owner

DECEMBER 9, 2011

INSURANCE |. EQUIPMENT |. Equipment Management. Equipment and Services Directory. Fewer accidents also mean lower insurance premiums, which mean lower labor costs. or higher, then it might be time to consider implementing a comprehensive safety plan to try and reduce your workers compensation insurance costs.

Construction 137

Construction Insurance Software Software 137

Construction Business Owner

SEPTEMBER 28, 2011

INSURANCE |. EQUIPMENT |. Equipment Management. Equipment and Services Directory. The CBO team attended the APWA 2011 Congress this year and had a chance to learn about the industry’s latest equipment and products. SOFTWARE |. MARKETING |. General Management. Software & Technology. Accounting & Finance.

Construction 120

Construction Software Software Cash Flow 120

Construction Business Owner

APRIL 2, 2011

INSURANCE |. EQUIPMENT |. Equipment Management. Equipment and Services Directory. « Free Webinar on Reducing Profit Fade. SOFTWARE |. MARKETING |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations.

Construction 160

Construction Software Software Accounting 160

Construction Business Owner

FEBRUARY 16, 2012

INSURANCE |. EQUIPMENT |. Equipment Management. Equipment and Services Directory. Plan to use the funds for basic operational items — not capital purchases, such as construction equipment. There are also some approved finance companies, such as GECC, that will finance heavy equipment purchases. SOFTWARE |.

Banking 120

Banking Construction Cash Flow Finance 120