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. Learn more → 3. Your first job is to improve this mindset — you are a team.

Project Management 52

Project Management Management Construction Life Cycle 52

Construction Business Owner

FEBRUARY 2, 2012

Jim is a senior consultant with FMI and specializes in building profits by developing tailored operations strategies for his clients. If leadership success was measured only on profitability, then there were certainly many “great leaders” sitting in the CEO position of many contracting companies. document management. Management.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

MARCH 11, 2011

Free Webinar on Reducing Profit Fade » Game Changers. ” Recently I watched with the rest of the world as the people of Egypt used social media tools to organize a peaceful revolution that brought down a long reign of Mubarak. Committing Intentional Project Communications. document management. Management.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

AUGUST 18, 2011

Many State and Federal projects require a contractor to be bonded. In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. government-funded projects), and the surety company. Committing Intentional Project Communications. Management.

Cash Flow 168

Cash Flow Software Software Accounting 168

Construction Business Owner

JUNE 1, 2012

A few weeks ago, I discussed how construction management and operations groups need to work with the same information to keep project teams moving in the same direction. From my own experience running an organization, I’ve found that there are a few fundamental approaches to internal communication and information sharing.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

FEBRUARY 2, 2012

Do you have a process for organizing, storing and attaching all supporting documentation for an issue? Some, if not most issues revolve around document management and project team communication. Without good document management, you may lose emails, plans, sketches, and correspondence related to the issue. Management.

Construction 120

Construction Software Software Documentation 120

Construction Business Owner

MARCH 6, 2011

I would challenge you to create simple models that allow you to give your own organization random “stress” tests. Committing Intentional Project Communications. Public Exposure and Liability on Construction Sites. Better Project Management through Better Communication. document management.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

SEPTEMBER 20, 2013

QuickBooks Online is a great program for small companies including some non-profit organizations but it is not suited for a serious construction contractor with more than two projects a month and generating more than $500 a year in sales. Profit & Loss statement anytime YOU want it! Profit And Loss Report.

Contractors 48

Contractors Accounting Profitability Overhead 48

Construction Business Owner

NOVEMBER 10, 2011

Taking these small steps within your organization can mean the difference between life and death. Committing Intentional Project Communications. Public Exposure and Liability on Construction Sites. Better Project Management through Better Communication. document management. Management. foundation.

Construction 120

Construction Software Software Safety 120

Construction Business Owner

JANUARY 4, 2011

We needed it to promote the science of building and thinking of buildings as a complex organism, not just a few pieces stuck together. Not to double digit profit growth and sales increases, but to a more sustainable, long term path. Committing Intentional Project Communications. document management. Management.

Construction 120

Construction Software Software US 120

Autodesk Construction Cloud

FEBRUARY 1, 2022

While a project’s ultimate goal is a successful completion, the steps it takes to get there are critical to profits and project’s life cycle. That’s why choosing the right project delivery method is an important first step before construction begins. The GC also works directly for the owner. Benefits of IPD.

Risk 52

Risk Schedule Design Budgeting 52

Autodesk Construction Cloud

DECEMBER 18, 2021

However, 77% of projects experience some form of schedule overrun , so a project that is on pace to finish on time is a cause for celebration. The final days of a project have a huge impact on your overall profitability and success—as the saying goes, projects are remembered not by how they start but how they finish.

Change Orders 52

Change Orders Documentation Equipment Risk 52

Contractor Bookkeeping

JULY 24, 2014

There is a lot of information to be gained when you compare this year’s Profit & Loss to the prior year because it will alert you to trends early enough to respond rather than reacting after it is too late and help establish profit and sales goals. See more at: [link].

Accounting 48

Accounting Construction Contractors Profitability 48

Contractor Bookkeeping

JUNE 20, 2014

You do all the work they get half the profits and you politely refuse. Get Organized - Pick a company name that says something about what you are doing. Tax Advantages For LLC or a Sub S - The profit or loss from your business is passed through to the owners as normal income. This is getting very stressful. in done correctly.

Insurance 48

Insurance Construction Accounting Claims 48

Contractor Bookkeeping

JANUARY 2, 2015

The idea was you would do all the work they would get half the profits and you politely refused, or not? Get Organized - We strongly recommend a Subchapter S-Corp for tax advantages, protecting your personal assets in the event of a claim or lawsuit against your company and for future expansion. This is getting very stressful.

Construction 48

Construction Insurance Accounting Claims 48

Construction Cost Estimating

JULY 1, 2014

It is used to organize the finances of the entity and to segregate expenditures, revenue, assets and liabilities in order to give interested parties a better understanding of the financial health of the entity. E Effort - the work done in accomplishing a task or project. City cost index - see: Location cost index.

Estimating 45

Estimating Construction Products Overhead 45

Contractor Bookkeeping

DECEMBER 3, 2013

The Initial Xero Accounting Setup Includes: Set up your organization in Xero. Chart of Accounts Payroll Tax Liabilities. Chart of Accounts Insurance Liability. Profitable Construction - Companies have known about the value of outsourced bookkeeping services for a long time and now you know about it too!

Accounting 48

Accounting Washington Leases Insurance 48

Contractor Bookkeeping

JANUARY 6, 2014

Xero Accounting Online will have updated your Sales Report, Profit & Loss Report, Balance Sheet Report and a lot more reports before you finished reading this sentence. Set up your organization in Xero Accounting Online. Options for time keeping and project management. Profit & Loss statement anytime YOU want it!

Accounting 50

Accounting Contractors Work in Progress Banking 50

Autodesk Construction Cloud

SEPTEMBER 1, 2022

Knowing which contract to use when is critical to ensuring a successful outcome in delivery, customer satisfaction, and profit. Knowing which general construction contract to use and when to use one is vital to a successful project, your customers’ satisfaction, and your profits. Plus, you know you’ll incur a profit.

Contract 98

Contract Maine Construction Agreement 98

Contractor Bookkeeping

MAY 16, 2014

This is never a good idea on so many levels, not just the liability exposure of someone injuring themselves on your property and you being liable. We offer several options to get paperwork to us and you don''t even need to organize it because we have a system from having owned and operated several construction companies in the past.

Contractors 48

Contractors Accounting Office US 48

Construction Business Owner

JANUARY 10, 2012

As fortune would have it, this person was an incredibly good manager and truly organized our daily processes. Committing Intentional Project Communications. Public Exposure and Liability on Construction Sites. Better Project Management through Better Communication. document management. Management.

Construction 174

Construction Software Software Accounting 174

Construction Business Owner

JUNE 8, 2011

If you haven’t already done so, now is the time to hone your processes to the point where you are making profit on even small projects. Invest in staff training from the newest helper to the most seasoned project manager. Committing Intentional Project Communications. document management. Management.

Construction 120

Construction Software Software Equity 120

Construction Business Owner

MAY 11, 2011

If you haven’t already done so, now is the time to hone your processes to the point where you are making profit on even small projects. Invest in staff training from the newest helper to the most seasoned project manager. Committing Intentional Project Communications. document management. Management.

Construction 120

Construction Software Software Equity 120

Autodesk Construction Cloud

JANUARY 8, 2023

Rework , disputes, and other issues often stem from problems with communication and project management–and the larger the project, the bigger the problems can be. Below, we’ll discuss the basics of integrated project delivery, as well as the benefits of adopting the approach for construction teams.

Construction 52

Construction Agreement Contract Project Management 52

Job Order Contracting

JANUARY 5, 2017

Make certain that the roles, responsibilities, tools, requirements and liabilities associated with the JOC are specified in appropriate detail. Will you earn a reasonable profit? Make certain that your company can both perform adequately AND make a reasonable profit. Unit Price Book: Do’s. C0operative (COOP) JOCs: Do’s.

Contract 100

Contract Contractors Consulting Software 100

Contractor Bookkeeping

MAY 9, 2014

No liability insurance in case they sustain an injury in your office. In 2004 Our Co-Founder Randal DeHart - Passed the PMP (Project Management Professional) exam after several years of construction project management experience and with an emphasis on systems engineering and process development. Project Manager.

US 48

US Contractors Accounting Project Management 48

Construction Business Owner

JANUARY 30, 2011

Rather than the Hatfields and the McCoy’s, our relationships with architects, engineers and designers may very well be the life’s blood of our organizations. Committing Intentional Project Communications. Public Exposure and Liability on Construction Sites. Better Project Management through Better Communication.

Contractors 120

Contractors Design Software Software 120

Building Information Management

MARCH 10, 2017

Make certain that the roles, responsibilities, tools, requirements and liabilities associated with the JOC are specified. unless you have thoroughly reviewed all factors involved and have determined that there are extenuating circumstances and that a reasonable profit is likely attainable. JOC Consultant: Do’s.

Contract 40

Contract Consulting Estimating Software 40