Construction Business Owner

OCTOBER 2, 2023

From dealing with tight profit margins, short project timelines and equipment issues, along with an abundance of complex logistics daily, it can be extremely difficult to manage. Not to mention the ever-shrinking workforce the construction industry has been dealing with, further amplifying these issues.

Software 292

Software Software Deals Profitability 292

Construction Business Owner

OCTOBER 2, 2023

From dealing with tight profit margins, short project timelines and equipment issues, along with an abundance of complex logistics daily, it can be extremely difficult to manage. Not to mention the ever-shrinking workforce the construction industry has been dealing with, further amplifying these issues.

Software 285

Software Software Deals Profitability 285

Viewpoint Construction Technology

AUGUST 29, 2018

Owning vs Operating: Maximizing Construction Equipment Productivity and Profitability.

Equipment 130

Equipment Management Profitability Products 130

Fieldwire

FEBRUARY 14, 2022

Anyone who has managed a construction company, department, or project knows profitability can be challenging. Intense competition, fluctuating market conditions and other factors often result in tight profit margins. Even with numerous challenges, specialty contracting can be profitable. Solid Management Processes.

Profitability 98

Profitability Contractors Management Contract 98

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.

Profitability 166

Profitability Viewpoint Software Software 166

Construction Business Owner

JULY 4, 2022

Using work-in-progress (WIP) reports to stay on top of every project & maximize profitability. WIP reporting provides construction companies with the insight needed to determine if active jobs are underbilled or overbilled, allowing you to stay on top of every project and maximize profitability. Vice President & General Manager.

Work in Progress 287

Work in Progress Cash Flow Profitability Contractors 287

Construction Business Owner

SEPTEMBER 22, 2022

Job costing measures the success throughout the job and provides insight into its future profitability. How to track and apply equipment costs to job costing. John Meibers Vice President & General Manager. Job costing excellence is at the core of high-performing construction companies. Key job cost reports (e.g.,

Work in Progress 296

Work in Progress Construction Profitability Equipment 296

Lets Build

JUNE 23, 2023

If they all revolve around your financials, you might be shrinking your own profit margins. Your construction KPIs should do more than measure a project’s health—they should show you where profit and productivity are dropping, why they’re dropping, and how to fix the issue. What mistakes were made on the less profitable jobs?

Profitability 78

Profitability Cash Flow Products Construction 78

Lets Build

JUNE 23, 2023

If they all revolve around your financials, you might be shrinking your own profit margins. Your construction KPIs should do more than measure a project’s health—they should show you where profit and productivity are dropping, why they’re dropping, and how to fix the issue. What mistakes were made on the less profitable jobs?

Profitability 78

Profitability Cash Flow Products Construction 78

BD+C

SEPTEMBER 29, 2023

Win-Win Scenarios for Residents and Property Managers 1 kcichowicz Fri, 09/29/2023 - 10:33 Multifamily Housing Discover how proptech is opening open new paths to revenue for owners and property managers, while bringing desirable amenities and conveniences for renters. Check out my thoughts on profitable, resident-centric proptech.

Management 109

Management Security Electrical Profitability 109

Safety Services Company

NOVEMBER 9, 2023

Let’s briefly examine the importance of risk management, the difference between proactive and reactive risk management strategies, and an additional proactive risk management strategy the oil and gas industry should adopt. Risk management ensures companies comply with regulations.

Risk 91

Risk Management Safety Accidents 91

Viewpoint Construction Technology

DECEMBER 5, 2012

Last week I wrote about the difference between construction equipment owning and operating costs and how both change over time. The fact that construction equipment owning costs tend to decrease over time while operating costs increase means that at some point your rate of total cost of ownership is likely going to reach a minimum.

Equipment 172

Equipment Management Zoning Profitability 172

Construction Business Owner

MAY 22, 2013

In the same way, GPS is transforming how construction firms manage tools and equipment by boosting profits and improving the bottom line.' Cordless tools transformed worksites by offering construction workers freedom from electrical outlets.

Equipment 120

Equipment Management Profitability Electrical 120

Construction Business Owner

DECEMBER 22, 2022

John Meibers Vice President & General Manager. In today’s rapidly changing, fast-paced world, a big part of Meibers’s role is to ensure that Deltek + ComputerEase equips customers with the tools they need to manage profitability, drive growth and meet construction requirements. Deltek + ComputerEase. . Social Image.

Accounting 296

Accounting Construction Profitability Contractors 296

Construction Business Owner

APRIL 20, 2023

Adopting software doesn’t mean you have to change processes or workflows — it’s about enhancing them with automation, reporting, historical record keeping and bulk actions that improve your business performance and profitability. Miller Electric has grown a great team with more than 1,000 electricians in the field.

Software 282

Software Software Contractors Electrical 282

Viewpoint Construction Technology

FEBRUARY 19, 2015

Service Management. Spectrum ® Service Management Construction Software streamlines your service operations for a better customer experience. Track the make, model, serial numbers and locations of all serviced equipment. Spectrum’s Work Order solution—the tools you need to keep operations profitable and clients satisfied.

Software 130

Software Software Management Construction 130

Viewpoint Construction Technology

APRIL 18, 2018

Contractors have a lot to keep track of daily: from crews on the jobsite and subcontractors to equipment, materials and ever-changing conditions. To keep things organized, most contractors use technology in some capacity to facilitate day-to-day workflows for project management , scheduling, accounting , estimating and more.

Project Management 201

Project Management Management Viewpoint Software 201

Autodesk Construction Cloud

MAY 26, 2022

Estimation and project phase cost management are two different phases of the same overall project cost lifecycle. Project phase cost management essentially confirms the accuracy of the estimation phase – so it’s critical these processes remain tightly connected. . New: ProEst integration with Cost Management in Autodesk Build .

Autodesk 97

Autodesk Estimating Management Budgeting 97

Viewpoint Construction Technology

JULY 31, 2018

Service and Field Managers: Collaborate 2018 is For You! Multiple work crews and large inventories, checklists and project logs, constantly shifting dispatch schedules, hundreds of work orders, warranty agreements and repair histories to track — if these sound familiar, you might be a service technician or field manager!

Management 130

Management Viewpoint Equipment Safety 130

Construction Business Owner

MAY 1, 2024

Working in uncertainty can lead to budget overruns, delays and decreased profitability, making it challenging to keep up. From overall cost trends to drilling down by cost components, including labor, material, equipment or at the task division level. Staying ahead of cost trends is no longer a luxury, it’s a necessity.

Materials 345

Materials Construction Budgeting Budget 345

Viewpoint Construction Technology

JUNE 23, 2017

Precise estimates are imperative to managing the construction process. They are critical to properly budget labor, materials and equipment. Fact is, if you don’t have control over inventory, costs and payroll, it’s difficult for managers to manage the process. You need every tool possible to prevent profit fade.

Software 130

Software Software Management Bidding 130

Construction Marketing

MAY 17, 2023

These tools enable construction professionals to rethink every aspect of project planning, execution, and collaboration, whether it be through the use of project management software, virtual reality (VR), or building information modeling (BIM). Safety and Risk Management Safety and risk management are paramount in the construction industry.

Innovation 254

Innovation Construction Safety Budgeting 254

Viewpoint Construction Technology

APRIL 20, 2018

A technology partner of Viewpoint’s since 2014, Keystyle has worked closely with us to deliver intuitive, easy-to-use portals that expand the functionality and accessibility of Viewpoint construction management software. Field solutions for field purchase orders, crew time entry, along with equipment time and progress reports.

Management 130

Management Viewpoint Construction Innovation 130

Construction Business Owner

APRIL 20, 2023

Adopting software doesn’t mean you have to change processes or workflows — it’s about enhancing them with automation, reporting, historical record keeping and bulk actions that improve your business performance and profitability. Miller Electric has grown a great team with more than 1,000 electricians in the field.

Software 177

Software Software Contractors Electrical 177

Fieldwire

JANUARY 16, 2024

Effective construction project management requires you to balance multiple moving parts. What should you know to maximize your profits and grow your business? Here’s how you can master project management in 2024 with six key strategies. Operations and management: Train building occupants in proper use. Learn more → 3.

Project Management 52

Project Management Management Construction Life Cycle 52

Job Order Contracting

AUGUST 4, 2023

MOST Construction Cost Data is Useless due to archaic research methods and cannot provide cost visibility or enable cost managment capability for local markets. Comprehensive, granular, line item tasks including a description, and individual data components for labor, material, equipment, and productivity (crews). 4BT updates 1.2+

CSI 114

CSI Construction Overhead Profitability 114

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. This adds up to smarter, safer projects that are ultimately more profitable. We’re seeing wearable, connected safety equipment to monitor things like heart rate, heat and stress levels and more.

Contractors 287

Contractors Software Software Accidents 287

Job Order Contracting

JULY 21, 2019

Job order contracting is neither difficult to understand, nor costly to practice, yet is virtually it assures the consistent delivery of quality, on-time, on-budget repair, renovation, and new construction projects…if the JOC Program is designed, deployed, and managed correctly. as well as total cost-of-ownership asset management.

Contract 130

Contract Management Procurement Change Orders 130

Autodesk Construction Cloud

JULY 7, 2022

Their teams and budgets are leaner, so every investment must be carefully considered—particularly when it comes to tools like construction management software. . Digital solutions have become “must” haves (vs “should” haves) for construction management over the last few years. What to Look for In Construction Management Software.

Software 105

Software Software Management Construction 105

Job Order Contracting

APRIL 26, 2022

Another requirement to enable cost visibility, transparency, and management is a locally researched line-item unit price book database, organized using CSI Masterformat. To mitigate variables, the unit price cost database should only reflect the direct costs of labor, material, and equipment, fringes, and insurance.

Estimating 240

Estimating CSI Procurement Construction 240

Construction Business Owner

MARCH 17, 2016

Proper tire care contributes enormously to the overall safety of a construction fleet, and managers should pay attention to what does (and what doesn’t) constitute good tire safety practices within their fleet. A focus on tire safety is something that should be present on any jobsite.

Safety 227

Safety Profitability Risk Equipment 227

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

Job Order Contracting

JULY 21, 2019

Job order contracting is neither difficult to understand, nor costly to practice, yet is virtually assures the consistent delivery of quality, on-time, on-budget repair, renovation, and new construction projects…if designed, deployed, and managed correctly. How Does Job Order Contracting Work? Typical JOC Project Workflow – CIty.

Contract 115

Contract Management Procurement Change Orders 115

NH Construction Law

AUGUST 13, 2020

This mutual waiver includes: 1 damages incurred by the Owner for rental expenses, for losses of use, income, profit, financing, business and reputation, and for loss of management or employee productivity or of the services of such persons; and.2 A commercial owner's lost profits will always be of the latter type.

Profitability 40

Profitability Contract Liability Bargains 40

Construction Business Owner

SEPTEMBER 1, 2022

To keep costs down and timelines tight, many construction businesses implement an inventory management strategy that relies on inventory control to reduce cash burn without creating unnecessary delays. Your construction business has invested heavily in high-value equipment, machinery and tools. Without them, work comes to a halt.

Inventory 226

Inventory Resource Construction Materials 226

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. But just in case you need a refresher on the purpose KPIs serves, here is how the Construction Financial Management Association (CFMA) defines them. Percentage of equipment downtime.

Profitability 52

Profitability Products CFMA Construction 52

Construction Marketing

JUNE 14, 2022

Examples of equipment used in construction sites include bulldozers, lifting cranes, dump trucks, excavators, forklifts, etc. . Avoid that from happening by inspecting your equipment regularly. . You also need to give your workers instructions for emergency management. Inspect Your Machines Regularly.

Safety 343

Safety Site Construction Inspections 343