Lets Build

SEPTEMBER 15, 2022

As the size and challenges of these projects continue to grow, so do the problems they bring for general contractors and construction companies. The result is often lower productivity and less profitability for those involved in infrastructure projects. Read more: Applying lean construction to residential projects.

Infrastructure 148

Infrastructure Construction Profitability Contractors 148

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. To help you navigate this challenge, we discussed protecting margins with global construction professionals for effective strategies for profitability.

Profitability 98

Profitability Risk Construction Autodesk 98

Lets Build

AUGUST 4, 2023

During any project, the execution stage is usually the most important — it determines the trajectory and timelines of the entire project. Getting your project off on the right foot can minimize bottlenecks and breakdowns down the road and ensure successful deliverables.

Software 78

Software Software Construction Budgeting 78

Lets Build

AUGUST 4, 2023

During any project, the execution stage is usually the most important — it determines the trajectory and timelines of the entire project. Getting your project off on the right foot can minimize bottlenecks and breakdowns down the road and ensure successful deliverables.

Software 78

Software Software Construction Budgeting 78

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

Contractor Bookkeeping

SEPTEMBER 12, 2014

Cost Is What You See - Profit potential is what you don''t see. High profit construction company owner''s focus on both and understand it "Takes Money To Make Money". Highly Profitable Companies - Focus on how high is up? Then develop a project plan to eliminate them, one at a time. #3 Construction Company.

Profitability 48

Profitability Accounting Construction Project Management 48

Contractor Bookkeeping

AUGUST 4, 2014

Ever Wonder Why Some Competitors Seem To Have More Cash Flow And Profit Than You? Earning enormous amounts of cash and profits in any business is simple, not easy, but simple if you know what to do. Joe The Plumber''s Story: I met a plumbing contractor in the mid 1970''s who was very profitable. 1 Find Something You Enjoy.

Profitability 49

Profitability Contractors Accounting Documentation 49

Lets Build

APRIL 6, 2022

Large upfront costs and long waiting periods between payments are a normal occurrence; retainage adds to this cash flow problem for contractors and project managers. It can quickly create cash flow problems for contractors, particularly for subcontractors who complete their work near the beginning of the project.

Cash Flow 147

Cash Flow Lien Construction Negotiation 147

Lets Build

DECEMBER 9, 2022

The industry is crucial for economic growth and development, providing the foundation for basically every other industry to operate on. But the industry is plagued with challenges and inefficiencies, from resource wastage to poor construction workforce management techniques. Provide a real-time view of projects, tasks, and progress.

Management 157

Management Construction Schedule Software 157

Autodesk Construction Cloud

NOVEMBER 7, 2022

Now that we’ve laid the foundation for the four P’s of construction improvement (performance, predictability, planet, and people), let’s add some framework around performance. To start, we must identify the six productivity pitfalls to devise an effective plan to combat them. A lofty goal indeed, but an attainable one, nonetheless.

Products 98

Products Industrial Procurement Project Management 98

Construction Business Owner

APRIL 26, 2012

Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. Just about every contractor has been there — a project starts out strong but, as it moves forward, delays and incidental added work and changes knock dollars and cents off of the bottom line. Home » Blogs.

Change Orders 120

Change Orders Construction Profitability Software 120

Contractor Bookkeeping

SEPTEMBER 20, 2013

Its Strategic Planning Horizon Is Decades Long; Not Next Quarter. Wealthy contractors have a secret system that shows them what to do, when to do it, how much it will cost, how long it will take to be paid back, the Return on Investment and they use the new cash flow and profits to do it over and over and get richer and richer!

Profitability 50

Profitability Contractors Accounting Montana 50

Contractor Bookkeeping

OCTOBER 1, 2013

Its Strategic Planning Horizon Is Decades Long; Not Next Quarter. Wealthy contractors have a secret system that shows them what to do, when to do it, how much it will cost, how long it will take to be paid back, the Return on Investment and they use the new cash flow and profits to do it over and over and get richer and richer!

Profitability 49

Profitability Contractors Accounting Montana 49

Autodesk Construction Cloud

FEBRUARY 7, 2022

Construction projects benefit from maximizing efficiency. To generate profits in an industry known for razor-thin margins, firms need to maintain control over cost and schedule at every phase of construction. And the more you deviate from your plans, the more your bottom line hurts (usually). Streamlined administration benefits.

Software 95

Software Software Construction Bidding 95

Contractor Bookkeeping

FEBRUARY 28, 2014

Education is the foundation for shifting paradigm. Cash flow issues kill contractors even though they have profit. Generally do not plan from back (end goals) to front (current operations). Predominantly not financial managers and do not understand the value of outsourcing. Value production over planning.

Profitability 48

Profitability Contractors Cash Flow Accounting 48

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. Education is the foundation for shifting paradigm.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Autodesk Construction Cloud

NOVEMBER 13, 2023

Whether it’s the proliferation of BIM, the shift to digital plans and documents over paper, or the rise of mobility and cloud collaboration, transformation has been part of the industry’s DNA over the last few decades. Autodesk's early investments in AI At Autodesk, we've always been committed to helping you maximize efficiency and profit.

Autodesk 142

Autodesk Construction Risk Products 142

Pro Builder

JUNE 1, 2020

For years, we as builders have been trained by industry consultants to think like manufacturers, create a process, and stick to it if we want to be profitable. Third-party contractors: Research + design + renderings + plan stamp/liability. If your annual revenue is $50 million, 20% gross profit would be $10 million.

Documentation 59

Documentation Software Software Profitability 59

Job Order Contracting

JANUARY 10, 2021

While there has been a fair amount written about Lean principles, actual application in the form of an integrated construction planning, procurement, and project delivery methodology has been limited to 5% or less actual work. Profitable partnering for LC. Engineering, Construction and Architectural Management, 8 (4,), 292-303.

Construction 164

Construction Procurement Contract Management 164

Construction Business Owner

OCTOBER 14, 2011

Yet it’s a surprisingly common practice for business owners to bid at losses, and when I ask them how they plan to come out in the black on the other side of these projects, the nearly universal answer is “We’ll make it up in change orders.” But it’s not easy money, and it’s certainly not money we plan for.”.

Change Orders 120

Change Orders Construction Software Software 120

Construction Business Owner

MAY 31, 2011

Who is Running the Asylum at Foundation Software? At Foundation Software, we try to avoid inmate takeovers by first assigning a lead analyst to oversee design for each project. ROPE stands for Research, Organize, Plan, and Execute. Committing Intentional Project Communications. document management.

Construction 149

Construction Software Software Accounting 149

Construction Business Owner

JANUARY 31, 2012

While some of your company’s corporate image will come about naturally based on the work that you do and the manner in which you do it, companies that have a specific plan in place to create a corporate image have much more control over how they are perceived. Committing Intentional Project Communications. document management.

Construction 185

Construction Software Software Accounting 185

Autodesk Construction Cloud

SEPTEMBER 20, 2021

We asked, “Do you think construction companies should be investing in skill development (such as data management and analysis) to equip their workforce for the future? We can start by understanding our current development plans and how we can provide simple introductory lessons. If so, where do you think firms should start?”

Plans 52

Plans Construction Innovation Office 52

Autodesk Construction Cloud

JULY 15, 2021

In turn, MEP contractors are critical to modern infrastructure projects. These construction professionals work with arguably the most complex and technical aspects of the building process, which require expertise, careful planning, and strict execution. . Project Management Software. Fabrication Software.

Contractors 52

Contractors Fabrication Software Software 52

Construction Business Owner

OCTOBER 26, 2011

Rarely does a finished project exactly mirror the original plans. I know from my days as a general contractor that plans and specifications are altered continuously as subcontractors become involved, materials are changed, and change orders are issued. Committing Intentional Project Communications. document management.

Construction 159

Construction Software Software Bidding 159

Autodesk Construction Cloud

NOVEMBER 1, 2022

Mechanical Engineer & Project Manager, AKF Group. As Mechanical Engineer & Project Manager, Jason oversees the implementation of digital platforms in a multi-building and multi-phase project. He introduced the data flow in building life cycle management from planning to construction execution.

Construction 122

Construction BIM Management Project Management 122

Autodesk Construction Cloud

JULY 27, 2021

Industry leaders such as APTIM, Barton Malow and Boldt are turning to Autodesk Construction Cloud’s project management and field execution solution to reduce risk, drive efficiencies and boost margins. Robson Communities – a residential developer creating master-planned active adult resort communities across the southwestern US region.

Autodesk 52

Autodesk Construction Change Orders Project Management 52

Construction Business Owner

FEBRUARY 1, 2011

It seems like just yesterday that Foundation Software was newly incorporated. Foundation gained its own identity, and we have the right people in place for the right jobs. I dream about Foundation, and I make plans for its future. That’s not to say that they always turn out the way I plan. document management.

Construction 136

Construction Software Software Foundation 136

Construction Business Owner

NOVEMBER 3, 2011

Gregg is a consultant with FMI and specializes in the areas of productivity and project management. In addition to providing critical insight to a bid, tender or proposal, the theoretical “buy-in” to the process from the field manager is invaluable. Committing Intentional Project Communications. document management.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

MAY 29, 2012

With so many sources of information, it’s never been more important to take charge and develop a business information plan. CBO magazine and Viewpoint Construction Software are pleased to present the webinar, “Managing Information Overload: Transitioning to a Paperless Environment” on June 21 at 1 p.m. foundation.

Construction 120

Construction Software Software Cash Flow 120

Fieldwire

AUGUST 14, 2023

For many construction businesses, the retainage payment accounts for their entire profit margin on the project. BLOG How to Streamline Construction Processes from Planning to Payments Learn more → In addition, the same contract has a provision for negotiating variable retainage. This can be used in a couple of different ways.

Contractors 98

Contractors Cash Flow Lien Negotiation 98

Construction Business Owner

JULY 12, 2012

As I’ve been mentioning, construction project communication is vital to project success, and furthermore, communication has to be intentional – it has to be something to which you devote time and attention. For example do you know how easily your project team can access construction plans and specs? Document availability.

Construction 136

Construction Documentation Software Software 136

Construction Business Owner

OCTOBER 20, 2011

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. At the time, we still couldn’t see plans or email pictures back and forth, but the fact that we could call in a change or talk to someone in the office took hours off of the work week.

Construction 136

Construction Software Software Project Management 136

Contractor Bookkeeping

NOVEMBER 15, 2013

. #02 Primary Financial Reports like Profit & Loss and Balance Sheet how your construction company is doing from a big picture view like looking out the window of an airplane cruising at 30,000 feet. 03 Job Costing Reports like Profit & Loss By Job, Job Profitability and Estimates Vs. . #03 Why you ask does this work?

Accounting 48

Accounting Construction Profitability Project Management 48

Contractor Bookkeeping

NOVEMBER 18, 2013

The second one shown below offers a FREE guide and the related sample plans to help you build your safety program. There are an infinite number of reasons why most construction companies do not generate a minimum 20% net profit and a six figure after tax income for the owners. What Gets Measured Gets Managed!

Accidents 48

Accidents Accounting Construction Profitability 48

Construction Business Owner

OCTOBER 10, 2011

They are the ones who take the time to reflect and engage in strategic planning–and perhaps most importantly understand how to crunch the numbers. Most of all, I learned that workforce management and structuring your company appropriately is one of the biggest challenges contractors face. document management. foundation.

Construction 120

Construction Software Software Accounting 120

Autodesk Construction Cloud

DECEMBER 5, 2023

Over the past 3-4 years, he has elevated BIM to Building Information Management, playing a crucial role in implementing cloud solutions in major projects like Frauenklinik Bern, Inselspital BB12 and Gymnasium Neufeld. This approach established a strong partnership with the supply chain and led to the acquisition of new BIM projects.

Construction 116

Construction BIM Autodesk Innovation 116