Construction Enquirer

AUGUST 29, 2023

“Mature discussions” with clients about material price rises enabled specialist engineering contractor McGee to protect its profits despite rampant inflation. Latest results for the firm for the year to November 30 2022 show pre-tax profits steady at £6.1m from £6m last time despite a dip in turnover to £83.3m for £92.2m.

Risk 77

Risk Profitability Security Engineering 77

Safety Services Company

DECEMBER 1, 2023

Rigorous oversight, extensive use of Personal Protective Equipment (PPE), and investment in safety and compliance training drive Bob’s profits well above industry averages. In this blog, we’ll explore precisely how safety and compliance and its management can help you win contracts. Using a service (like Safety Services Company!)

Safety 115

Safety Bidding Contract Liability 115

Construction Business Owner

SEPTEMBER 1, 2022

To keep costs down and timelines tight, many construction businesses implement an inventory management strategy that relies on inventory control to reduce cash burn without creating unnecessary delays. You can keep these records in a real file or a digital one, although a digital one tends to be more secure and less likely to be misplaced.

Inventory 226

Inventory Resource Construction Materials 226

Construction Enquirer

AUGUST 9, 2023

Group Chief Executive Dean Finch said said: “We are reviewing our subcontractor pricing on a more frequent basis to identify opportunities to secure increased savings. Work in progress is also being carefully managed to match sales rates with build rates now 26% lower than last year.

Work in Progress 97

Work in Progress Profitability Overhead Negotiation 97

Safety Services Company

FEBRUARY 19, 2020

IS YOUR BUSINESS EFFECTIVELY PRIORITIZING CONSTRUCTION RISK MANAGEMENT? From financial difficulties to fatal accidents, construction risk management is integral in order to secure a company’s survival and eventual growth. With that said, construction risk management should be a priority for your company. Project Risks.

Risk 62

Risk Management Construction Safety 62

Safety Services Company

FEBRUARY 18, 2020

How Well Does Your Business Prioritize Construction Risk Management? From financial difficulties to fatal accidents, risk management is integral in order to secure a company’s survival and eventual growth. . With that said, construction risk management should be a priority for your company. Project Risks. Legal Risks.

Risk 62

Risk Management Construction Safety 62

Construction Enquirer

JULY 19, 2023

In a year-end trading statement, Kier said it had also managed to keep the order book above £10bn, with 85% of next year’s forecast revenue already secured. Andrew Davies, chief executive, said that despite inflationary pressures Kier would report revenue and profit in line with expectations in September. ”

Debt 47

Debt Cash Flow Profitability Forecasting 47

Job Order Contracting

JUNE 13, 2019

Better manage cost, time, and material across numerous facilities repair, renovation, and construction projects. The OpenJOC Solution is tailored for federal, state, county, local governments as well as educational, healthcare, and transportation facilities managers and procurement teams.

Procurement 100

Procurement Construction Renovating BIM 100

Viewpoint Construction Technology

SEPTEMBER 23, 2018

It is a given that within the industry, project managers can feel overloaded by numerous simultaneous projects requiring immediate attention. And what often happens is that the lack of time to analyse the best way to make decisions or procure the right components means that project managers react as opposed to making rational decisions.

Industrial 130

Industrial Accounting Viewpoint Construction 130

Autodesk Construction Cloud

FEBRUARY 5, 2022

How to Manage Risk in Your Construction Project. According to The Construction Industry Institute , there are about 107 construction risks you should consider when managing a project. Regardless, a solid risk management strategy is critical to the security of your company and project.

Risk 59

Risk Management Construction Documentation 59

Construction Junkie

MAY 25, 2021

SentriForce is a leading provider of managed video surveillance. With intelligent, scalable, and effective security services, you can minimize risk and keep your assets secure. Construction sites are also a highly profitable magnet for criminals. The following is a guest article by SentrifForce.

Risk 105

Risk Site Security Construction 105

Viewpoint Construction Technology

JUNE 26, 2018

Here is a look at our tracks by role for this year’s conference: For Project Managers. We’ve put together 63 sessions specific to construction project management. Learn all about to how to better manage your project teams using Viewpoint software. For Service, Field and Operations Management. For IT Professionals.

Conference 195

Conference Viewpoint Software Software 195

Lets Build

MAY 11, 2022

Most construction companies, project managers , and contractors will deal with preliminaries in their construction contracts. Site security. Management and administrative costs. Preliminaries in construction contracts are necessary to deliver a finished project while maintaining your ideal profit margin. Utility supplies.

Contract 144

Contract Construction Site Accounting 144

Contractor Connection

NOVEMBER 13, 2023

Temporary housing is a critical, yet often underappreciated, facet of the insurance and property management industries. Temporary housing’s core purpose is to provide swift and secure shelter, helping policyholders regain a sense of normalcy while mitigating the additional financial burden they may face.

Housing 40

Housing Insurance Security Bidding 40

Lets Build

AUGUST 4, 2023

To that end, project managers need to invest in the right construction project execution software to oversee the entire phase, track progress, and coordinate teams. Real-time communication Communication between teams and workers is essential, and the software allows project managers to centralise all project communications.

Software 78

Software Software Construction Budgeting 78

Contractor Bookkeeping

AUGUST 11, 2014

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.

Profitability 48

Profitability Contractors Accounting Income 48

Lets Build

AUGUST 4, 2023

To that end, project managers need to invest in the right construction project execution software to oversee the entire phase, track progress, and coordinate teams. Real-time communication Communication between teams and workers is essential, and the software allows project managers to centralise all project communications.

Software 78

Software Software Construction Budgeting 78

Job Order Contracting

NOVEMBER 7, 2017

Setting up a Job Order Contract Using Best Management Practices involves a mix of strategic and operational steps including a gap analysis of current and planned outcomes. . e) Each signed task order becomes, in effect, a fixed price, lump sum contract and is managed accordingly. Planning and coordination. (a)

Contract 100

Contract Management Negotiation Estimating 100

Construction Marketing

DECEMBER 19, 2019

Managing a reputation for delivering high-quality projects, keeping your business profitable, your people productive, and your firm growing requires focus, commitment, and understanding. Business management software like ERP is built to handle this—but who can deliver? Though there are many things you need to focus on.

Software 200

Software Software Construction ProCore 200

Autodesk Construction Cloud

FEBRUARY 1, 2024

Paired with razor-thin profit margins, it’s increasingly difficult for construction firms to build and maintain the financial foundation necessary to compete and thrive in the industry. Faster payment cycles are essential for GCs and subcontractors alike to stay profitable in today’s fast-paced and evolving economic environment.

Autodesk 87

Autodesk Cash Flow Construction Risk 87

Construction Marketing

JANUARY 25, 2023

You must secure financing for the project. A general contractor is usually in charge of managing the construction process and coordinating all aspects of the project, including scheduling, budgeting, and overseeing the work of subcontractors. Commercial real estate development also involves a significant amount of risk management.

Commercial 211

Commercial Leases Regulation Finance 211

Autodesk Construction Cloud

FEBRUARY 25, 2022

The following standard financial ratios can help risk management teams evaluate potential trade partners during the subcontractor qualification process. Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities . FINANCIAL RATIOS: PROFITABILITY . Gross Profit Margin .

Safety 94

Safety Debt Liability Equity 94

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! Online invoicing and bill pay is a more convenient and secure way for you to get paid and take care of your bills.

Profitability 48

Profitability Accounting Construction Security 48

Lets Build

JANUARY 20, 2023

And even if it’s mostly controlled chaos, staying on top of everything is challenging for site managers. If you ever feel that recording activities in your construction daily logs is too much of a hassle, think about the negative implications on your profit margin and reputation. Construction sites are chaotic.

Site 148

Site Construction Documentation Products 148

Job Order Contracting

AUGUST 11, 2018

The reason being that it’s rare that two assemblies or systems are exactly alike in differing locations/applications… A locally researched detailed line item database, organized by CSI MasterFormat – 50 Division is a valuable tool for any estimator and real property facilities manager. Contractor Overhead & Profit.

Estimating 100

Estimating Construction CSI Overhead 100

Constructonomics

FEBRUARY 4, 2013

Noelle Hirsch is a regular contributing researcher and writer for the online construction management site, [link]. In today’s post, she delves into the timely topic of integrating efficient construction management and LEED certifications into building practices to lower operating costs and reduce energy use.

Certification 122

Certification Management Green Construction 122

Viewpoint Construction Technology

APRIL 19, 2018

We’re committed to helping our clients grow and profit by embracing and deploying the latest construction software and technologies. Integrated Project Management. On the operations side, our Viewpoint Team Project Management solution continues to transform how contractors are working. So, we’re doing even more in (Vista’s) 6.16

Office 130

Office Innovation Viewpoint Contractors 130

Job Order Contracting

JANUARY 11, 2018

Contractors earn a reasonable profit. Cloud-based secure project, estimate, and document management. Job Order Contracting Solution OpenJOC. Best value procurement. Performance-based reward system. Non-adversarial, long-term, win-win collaborative and mutually beneficial owner/contractor relationships. Reduced Risk. Fixed price.

Contract 100

Contract CSI Procurement Estimating 100

Building Information Management

MAY 11, 2015

JOC is an efficient and widely practice method for both Owners and Contractors to manage their numerous common repair, renovation, and maintenance construction projects. A reasonable profit, quality, and projects complete on-time and on-budge, and long term relationships are the goal. Joint site walks and scoping common. Annual volume.

Management 40

Management Contract Estimating Overhead 40

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. If You Know Exactly What To Do.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Job Order Contracting

APRIL 19, 2018

Note: It is a best management practice, and in some cases a requirement, that an Owner also create a detailed line item estimate using the approved JOC UPB for projects at, or above, a specific total dollar value.). The reason is that the OpenJOC UPB is locally research and does not include contractor overhead and profit. via 4BT.US

Overhead 100

Overhead Estimating Profitability CSI 100

Construction Business Owner

FEBRUARY 23, 2012

MANAGEMENT |. General Management. People Management. Equipment Management. So it’s no surprise that whenever I talk to companies about how they store their data, the number one concern I hear is in regards to security. Today’s Cloud Security. STRATEGY |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |.

Security 120

Security Construction Software Software 120

Job Order Contracting

AUGUST 31, 2021

The Public Sector facilities management sector has long suffered from poor productivity growth and high levels economic and environmental waste. The over-riding goal of most contractor becomes minimizing the cost of performing the agreed scope or activity and maximizing profit. All that is needed is owner leadership and commitment.

Construction 124

Construction Procurement Liability Contract 124

Viewpoint Construction Technology

OCTOBER 18, 2018

Now, a full-service, national, electrical contractor established in four states, Guarantee remains committed to cutting-edge technologies and modern construction management software. The company added the cloud-based Viewpoint Team for streamlined project collaboration and document management. Stansell Electric Company, Inc.

Viewpoint 227

Viewpoint Innovation Electrical Mobility 227

Contractor Bookkeeping

FEBRUARY 28, 2014

Cash flow issues kill contractors even though they have profit. Poor document management results in overpaying taxes. Management skills are learned in the school of hard knocks. Predominantly not financial managers and do not understand the value of outsourcing. Poor scheduling affects production and cash flow.

Profitability 48

Profitability Contractors Cash Flow Accounting 48

Viewpoint Construction Technology

MARCH 7, 2018

Steve’s session will: – Introduce a relevant strategy framework and techniques for data collection and analytic integration to fuel profitability. Gregg is a principal and consulting manager for FMI Construction. His entire career has been in construction project management. Who will lead your firm tomorrow?

Contractors 219

Contractors Consulting Project Management Management 219

Autodesk Construction Cloud

NOVEMBER 13, 2023

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

Autodesk Construction Risk Products 142