PSMJ Resources

MARCH 26, 2012

Effective Project Managers Need Authority. Clients want strong project leaders rather than mere project “administrators” who’ll simply manage things and move them around. The PM must understand finance and serve as the last bastion of the firm’s cash flow picture.

Project Management 43

Project Management Resource Management Cash Flow 43

Contractor Bookkeeping

AUGUST 6, 2014

1 Your Profit & Loss and Balance Sheet Reports do not conform to financial industry standards. #2 5 You don''t have a formal documented Business Plan with a budget and projections. In particular, your construction company Profit & Loss and Balance Sheet. Do your best to avoid raising any red flags.

Finance 48

Finance Accounting Construction Banking 48

Viewpoint Construction Technology

SEPTEMBER 23, 2018

In fact, there are numerous examples which show that irrespective of the hard work and precision which is put into place for each and every project, failure to pair this with an effective construction accounting and expense control strategy which drives back-end decision making, can be the difference between success and failure.

Industrial 130

Industrial Accounting Viewpoint Construction 130

Autodesk Construction Cloud

JULY 13, 2023

This quote primarily relates to personal finance, but his advice also rings true in the construction industry. While bringing in large projects and generating revenue is essential, it's equally important to manage profit effectively and ensure healthy margins. Have a look below.

Profitability 52

Profitability Risk Construction Autodesk 52

PSMJ Resources

NOVEMBER 14, 2011

6 Common Project Management Practices of the Most Successful A/E/C Firms. My experience suggests you will always benefit from a focused hour of principal-level attention on your project. Benchmark your current project management practices against these six areas of focus and see how you might improve. HubTrotter.

Project Management 49

Project Management Resource Management Negotiation 49

Pro Builder

FEBRUARY 4, 2021

The Shinn Group’s long-running Fin-Op analysis, backed by decades of data, offers builders a road map to profitability and a benchmark of performance. Predicting Profit: How to Know Your Margin Before You Close. Predicting Profit: How to Know Your Margin Before You Close. What makes a builder consistently profitable?

Profitability 52

Profitability Finance Housing Compensation 52

Contractor Bookkeeping

DECEMBER 20, 2013

With the optional bill tracking and bill payment services they are increasing bottom line profits by avoiding late fees and taking advantage of vendor discounts which in some cases can generate 36% Return on Investment! The Short Video Below Demonstrates Invoicing With Bill.Com. Xero Outsourced Construction Accounting Services.

Profitability 48

Profitability Accounting Construction Security 48

Viewpoint Construction Technology

OCTOBER 16, 2018

Our clients are at the forefront of this shift, implementing integrated construction management software and solutions to achieve new heights in productivity and profitability.”. That said, construction is still hard. This allows them to operate with one set of real-time data, accessible to users anywhere, any time.

Viewpoint 141

Viewpoint Software Software Accounting 141

Construction Business Owner

APRIL 26, 2012

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

Change Orders 120

Change Orders Construction Profitability 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. Construction Project Manager PMP.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Construction Business Owner

FEBRUARY 16, 2012

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. I would like to share the following tips to use before approaching the bank(s) or other financial institutions for additional financing, and some non-bank financing options. document management.

Banking 120

Banking Construction Cash Flow Finance 120

PSMJ Resources

SEPTEMBER 12, 2011

Good Project Management is Good Risk Management. Most risks are foreseeable and responsive to thoughtful project management. • Accept only the right clients, then the right projects. • Risk reduction by any means is usually superior to any management scheme. Managing Employees.

Project Management 40

Project Management Risk Resource Management 40

Jobsite with Procore

JUNE 28, 2022

Every construction project involves risk, and managing that risk while protecting a company’s profit margins, reputation, and people is just one of a CFO’s many responsibilities.

Risk 92

Risk Profitability Management Construction 92

Viewpoint Construction Technology

APRIL 20, 2018

Providing an easy-to-use browser interface for contractors’ employees, project managers and field superintendents, Viewpoint clients have been able to realize significant efficiencies, streamline workflows and processes as well as gain better insight into—and tracking of—their operations. Simply connect with us.

Management 130

Management Viewpoint Construction Innovation 130

Construction Business Owner

SEPTEMBER 27, 2011

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. All businesses that purchase, finance, and/or lease less than $2 million in new or used business equipment during tax year 2011 should qualify for the Section 179 Deduction. document management.

Construction 180

Construction Software Software Accounting 180

ProcurementExpress.com

FEBRUARY 11, 2019

For one, project management is huge—we recommend investing in a project management program specific to the construction industry. Select something that allows for office staff, project managers, executives, and those in the field to access the tool—from anywhere. Project Management.

Procurement 63

Procurement Plans Construction Budgeting 63

Construction Business Owner

APRIL 1, 2011

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. Healthy Competition » Free Webinar on Reducing Profit Fade. In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs. document management.

Cash Flow 120

Cash Flow Construction Software Software 120

ProcurementExpress.com

FEBRUARY 11, 2019

For one, project management is huge—we recommend investing in a project management program specific to the construction industry. Select something that allows for office staff, project managers, executives, and those in the field to access the tool—from anywhere. Project Management.

Procurement 52

Procurement Plans Construction Budgeting 52

Construction and Infrastructure Law

JANUARY 17, 2018

While the construction company’s management was great at operating the construction business, it was not so great when it came to the financing business. In general, EPCs that successfully realized investment returns typically invest through an independent financing arm. It may be time to revisit the financing model again.

Equity 40

Equity Contractors Finance Construction 40

Construction Business Owner

MAY 24, 2012

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. And for good reason, since the way accounting and business management use software is much different from the way construction operations and project management use it. document management.

Construction 120

Construction Software Software Iowa 120

Construction Business Owner

JANUARY 18, 2012

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. Querying different type of jobs in job costing to look at profitability by type. Committing Intentional Project Communications. Better Project Management through Better Communication.

Construction 168

Construction Software Software Accounting 168

Construction Business Owner

JUNE 29, 2012

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. Public Exposure and Liability on Construction Sites » Better Project Management through Better Communication. Does everyone who needs project information have easy access to it? Management.

Construction 136

Construction Documentation Software Software 136

Construction Business Owner

APRIL 5, 2012

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. With every project, no matter how big or small, there is always risk – risk of injury, financial responsibility, or quality assurance. Committing Intentional Project Communications. document management.

Risk 120

Risk Insurance Construction Software 120

Lets Build

AUGUST 3, 2017

Organized Project. When the project manager does not know the on-going process and is not updated about tasks completed, there lies a problem in identifying issues, when they rise. Being organized is never a loss, but a profit. Easing out the worries of delay and bug fixes, finances are managed efficiently.

Software 129

Software Software Maine Management 129

Construction Business Owner

OCTOBER 14, 2011

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. Change orders can be harder to manage – and present more of a profitability challenge – than pre-planned project work. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |.

Change Orders 120

Change Orders Construction Software Software 120

Construction Business Owner

DECEMBER 20, 2011

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. Committing Intentional Project Communications. Better Project Management through Better Communication. document management. Management. project collaboration. ACCOUNTING |.

Software 120

Software Software Construction Accounting 120

Construction Business Owner

OCTOBER 14, 2011

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. He replied, “Well, that depends on the project manager.”. Committing Intentional Project Communications. Better Project Management through Better Communication. document management.

Change Orders 120

Change Orders Construction Software Software 120

Construction Business Owner

SEPTEMBER 29, 2020

5 Ways Contractors Can Improve Profitability. How to reduce the risk of every project. By following project accounting best practices as they manage budgets and billing, they can help ensure the profitability of each project. How agile project management can help you reduce project risk.

Profitability 207

Profitability Virgin Islands Contractors Puerto Rico 207

Construction Business Owner

OCTOBER 20, 2011

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. Not too long ago, or so it seems, we were more than ecstatic at the idea of being able to call our project managers in the field on mobile phones. Committing Intentional Project Communications.

Construction 136

Construction Software Software Project Management 136

Construction Business Owner

MAY 7, 2012

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. « Staying Focused in the Fight Against Profit Fade. Committing Intentional Project Communications. Better Project Management through Better Communication. document management.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

APRIL 19, 2012

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. Staying Focused in the Fight Against Profit Fade » Connecting in Construction. Committing Intentional Project Communications. Better Project Management through Better Communication.

Construction 120

Construction Software Software Conference 120

Construction Business Owner

JANUARY 5, 2012

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. Carefully monitoring these numbers will help you preserve profit and build more accurate bids on future projects. Committing Intentional Project Communications. document management.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

JANUARY 31, 2012

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. Committing Intentional Project Communications. Better Project Management through Better Communication. document management. Management. project collaboration. ACCOUNTING |.

Construction 185

Construction Software Software Accounting 185

Construction Business Owner

MARCH 11, 2011

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. Free Webinar on Reducing Profit Fade » Game Changers. Committing Intentional Project Communications. Better Project Management through Better Communication. document management.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

APRIL 2, 2011

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. « Free Webinar on Reducing Profit Fade. Committing Intentional Project Communications. Better Project Management through Better Communication. document management. Management.

Construction 159

Construction Software Software Accounting 159

Construction Business Owner

AUGUST 30, 2011

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. Committing Intentional Project Communications. Better Project Management through Better Communication. document management. Management. project collaboration. ACCOUNTING |.

Construction 168

Construction Software Software Accounting 168

Construction Business Owner

MAY 29, 2012

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. Committing Intentional Project Communications. Better Project Management through Better Communication. document management. Management. project collaboration. ACCOUNTING |.

Construction 120

Construction Software Software Cash Flow 120