article thumbnail

Oh, By the Way — six years of estimating ideas and insights

Construction Marketing Ideas

Tempest Company ‘s Oh, By the Way blog , started six years ago by Don Short, has provided invaluable tips and ideas for anyone concerned with the most important challenge in bidding fixed price jobs — getting the original estimate right. The foundation of a good estimate is the quantity takeoff.

article thumbnail

Construction Strategy Increases Profitability Not Field Operations

Contractor Bookkeeping

Strategic Construction QuickBooks Reports Optimize Profit And Growth. The foundation of useful QuickBooks reports comes from having QuickBooks Setup and Professional Bookkeeping. Categorize Your Activities For Optimizing Profit And Growth. Ask field workers what ideas they have to make the work faster and easier. .

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Unique Bookkeeper Errors Reduce Contractor Profits

Contractor Bookkeeping

The banker said his Profit & Loss, Balance Sheet did not look right to him. His banker was a blunt and told him that if he wanted to stay in the construction business he needed to have accurate Profit & Loss, Balance Sheet and Job Costing Reports. QuickBooks Job Profitability Reports. He had to rely on his gut feeling.

article thumbnail

Constructing with Intelligence: How Autodesk AI Helps You Be More Efficient

Autodesk Construction Cloud

Furthermore, according to insights from Accenture and Frontier Economics , the construction industry could witness remarkable profit growth—estimated at 71%—through AI integration over the next ten years. Autodesk's early investments in AI At Autodesk, we've always been committed to helping you maximize efficiency and profit.

Autodesk 142
article thumbnail

Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

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. Education is the foundation for shifting paradigm.

article thumbnail

Process Dependent Vs. People Dependent Increases Contractor's Profits

Contractor Bookkeeping

There Are Three Steps To The Contractor Paradigm Shift: #1 Unfreeze - Open the portals of your mind and be open to new ideas and test them to determine if they are in agreement with your core values. #2 Education is the foundation for shifting paradigm. Cash flow issues kill contractors even though they have profit.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

And when I started Foundation Software in 1985, on top of what I was learning on the fly, I made it a point to actively seek out knowledge, learning as much as I could about management, sales & marketing, leadership, technology, and the industry itself! Even one new idea can be worth its weight in gold…but that’s just my opinion.