Contractor Bookkeeping

APRIL 21, 2023

The most common situation is when a residential remodel contractor with a reputation and a substantial company generating 15% or more profits decides to start building custom homes. Or the opposite, a home builder who decides to branch out into residential remodeling.

Profitability 88

Profitability Remodeling Residential Industrial 88

Viewpoint Construction Technology

AUGUST 29, 2018

Capturing accurate equipment information is a challenge that many contractors face. Data collection and analysis has traditionally been a manual process, and many times information would slip through the cracks leading to equipment being poorly maintained, overused or even retired before necessary.

Equipment 149

Equipment Management Profitability Contractors 149

Contractor Bookkeeping

NOVEMBER 18, 2022

Is it time for your construction business to invest in some new equipment? The real question is what equipment is on your business shopping list. It is all a question of your budget, income, cash flow, profit & loss, and taxes. And if so, is it a more brilliant business decision and cost-effective to rent or buy?

Equipment 98

Equipment Cash Flow Construction Income 98

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. In-Demand Expertise.

Profitability 98

Profitability Contractors Management Contract 98

Construction Business Owner

SEPTEMBER 28, 2016

Whether you’re a contractor or equipment dealer, profits are made—or lost—during the sale or purchase process of heavy equipment. When buying equipment, the goal is to get the best quality piece of equipment for your needs at the best price. When selling equipment, you want to get the best price possible.

Equipment 212

Equipment Profitability Deals Contractors 212

Construction Business Owner

JANUARY 27, 2016

Contractors put a ton of faith into their equipment, tools and crews to complete projects on time and below budget. Whether purchasing or renting, contractors expect that the equipment will perform as promised and come with a relatively simple maintenance schedule. This is especially true with compaction equipment.

Equipment 120

Equipment Profitability Budgeting Budget 120

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

Construction Business Owner

JULY 12, 2023

Job costing measures the success throughout the job and provides insight into its future profitability. In this webinar, you will learn: What job costing is and why it’s beneficial to contractors The different types of costs and their role in job costing How to track and apply equipment costs to job costing Key job cost reports (e.g.

Work in Progress 286

Work in Progress Construction Profitability Equipment 286

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

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

APRIL 20, 2016

For heavy equipment rental companies, business is only as good as their equipment uptime because assets can quickly turn into costly liabilities when they fail in the field. Without proper care, faulty equipment will also turn good customers into ex-customers, as well as decrease service life and resale value.

Equipment 120

Equipment Profitability Liability 120

Construction Business Owner

SEPTEMBER 19, 2017

Similar to scheduling an annual checkup with your physician, completing regular maintenance for heavy equipment is one of the best ways to keep your fleet in the best shape possible. For some service needs, your equipment may need to be transported to your dealership to be performed by a trained service technician.

Profitability 212

Profitability Transportation Equipment Schedule 212

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

NOVEMBER 29, 2017

At the same time, you’re trying to keep a close eye on your own jobs, profit margins, invoices, personnel, equipment, drawings, and more. When profit margins hover at only 3 per cent, an entire project gain can be wiped out with one mistake.

Profitability 145

Profitability Viewpoint Software Software 145

Construction Business Owner

SEPTEMBER 12, 2017

Similar to scheduling an annual checkup with your physician, completing regular maintenance for heavy equipment is one of the best ways to keep your fleet in the best shape possible. For some service needs, your equipment may need to be transported to your dealership to be performed by a trained service technician.

Profitability 198

Profitability Transportation Equipment Schedule 198

Construction Business Owner

JANUARY 24, 2023

ccapoccia Tue, 01/24/2023 - 10:00 Construction equipment manufacturers are embracing electric power. Most major construction equipment manufacturers have electric vehicles (EVs) in their current production catalogs. Electric vs. Diesel: Which Machine Is Right for Your Fleet?

Electrical 219

Electrical Profitability Equipment Products 219

Viewpoint Construction Technology

AUGUST 29, 2018

Owning vs Operating: Maximizing Construction Equipment Productivity and Profitability.

Equipment 130

Equipment Management Profitability Products 130

Construction Business Owner

DECEMBER 20, 2022

It takes knowledge of the client, an understanding of the plan, and much skill to estimate labor, materials and equipment costs accurately. The key to submitting the best quality bid is having the most accurate and up-to-date current costs as possible in your estimated costs — the more accurate the bid, the more profits for your business.

Bidding 295

Bidding Estimating Profitability Equipment 295

Construction Business Owner

SEPTEMBER 28, 2016

Whether you’re a contractor or equipment dealer, profits are made—or lost—during the sale or purchase process of heavy equipment. When buying equipment, the goal is to get the best quality piece of equipment for your needs at the best price. When selling equipment, you want to get the best price possible.

Equipment 120

Equipment Profitability Deals Contractors 120

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. Promote to rotator No. Rotator Image.

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. Job costing excellence is at the core of high-performing construction companies. In this webinar, you will learn: What job costing is and why it’s beneficial to contractors.

Work in Progress 296

Work in Progress Construction Profitability Equipment 296

Construction Business Owner

NOVEMBER 8, 2016

With Section 179 in effect for the remainder of 2016 and onward, there has never been a better time to invest in new construction and office equipment for your organization. Basically, Section 179 allows businesses to deduct the full price of qualifying equipment purchased or financed during the tax year.

Profitability 263

Profitability Finance Organization Equipment 263

Construction Business Owner

SEPTEMBER 17, 2019

Whether you are a general contractor, builder, specialty contractor or subcontractor, it takes labor, equipment and materials to complete a contract’s scope of work. Therefore, when pricing and estimating projects, you must include the time and money required for each in your bids. Here's how to do that properly. .

Profitability 250

Profitability Bidding Estimating Equipment 250

Construction Business Owner

JUNE 22, 2015

In the construction business, profitability largely depends on keeping overhead down. This applies particularly to construction equipment, the rising costs of which can burn you at both ends when the economy goes south.

Equipment 120

Equipment Overhead Construction Profitability 120

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 193

Contract Overhead Estimating Profitability 193

Construction Business Owner

MAY 2, 2023

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. He has been a leader at Deltek + ComputerEase since 2000, serving over 4,500 contractors nationwide.

Cash Flow 288

Cash Flow Management Contract Profitability 288

Construction Business Owner

DECEMBER 22, 2022

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. John Meibers has over 32 years of experience serving the construction industry.He

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.

Software 282

Software Software Contractors Electrical 282

Green Industry Professionals

JULY 31, 2019

GPS Fleet & Equipment Tracking Software can help you address your biggest challenges. Find your business growth potential with a system that increases safety, security, and profitability.

Security 40

Security Profitability Safety Software 40

Construction Equipment

JANUARY 31, 2020

Profit per share was $10.74 Caterpillar sales and revenue were down 2 percent in 2019, compared to the previous year, to $54.7 for the year, up from $10.26 While sales declined modestly in 2019, we delivered an operating margin and free cash flow consistent with our long-term…

Profitability 62

Profitability Cash Flow 62

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 Equipment

NOVEMBER 7, 2018

Volvo Construction Equipment says its Site Simulation recommends the most profitable fleet of equipment and project results based on customer needs. By using the simulation, customers and dealers can work together to put an equipment plan in place before a project begins. The company says this…

Equipment 48

Equipment Site Profitability Plans 48

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 165

Equipment Management Zoning Profitability 165

Construction Equipment

APRIL 25, 2017

Improving market conditions helped Volvo Construction Equipment (Volvo CE) report strong growth in sales, profitability, order intake and deliveries in the first quarter of 2017. . During the first three months of 2017 Volvo CE saw net sales jump by 30 percent to SEK 16,163 M (SEK 12,452 M in Q1 2016).

Equipment 89

Equipment Income Profitability Construction 89

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. 3d 799, 808, 11 N.E.3d

Profitability 40

Profitability Contract Liability Bargains 40

Construction Business Owner

MARCH 7, 2017

Unexpected compact excavator maintenance can place financial strain and undue stress on you and your company, and it may directly impact your profitability.

Profitability 227

Profitability Equipment Site 227

Construction Business Owner

MAY 24, 2023

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. He has been a leader at Deltek + ComputerEase since 2000, serving over 4,500 contractors nationwide.

Cash Flow 156

Cash Flow Management Contract Profitability 156