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Seven Traits of Profitable Specialty Contractors

Fieldwire

Anyone who has managed a construction company, department, or project knows profitability can be challenging. Intense competition, fluctuating market conditions and other factors often result in tight profit margins. Even with numerous challenges, specialty contracting can be profitable. In-Demand Expertise. Clear Communication.

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Beware of Using Assemblies for Job Order Contracting

Job Order Contracting

Some suppliers of Job Order Contracting software and cost data use “Assemblies” within what is supposed to be a unit price book (UPB). Overhead and Profit: Factor in overhead costs and profit margins using the establish/accepted coefficient.

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The Unique Challenges of Procurement Planning for Construction Companies

ProcurementExpress.com

Construction teams face unique procurement challenges due to the complex nature of the business. As technology changes the game, procurement is becoming a strategic juggling act. With that in mind, we’ll look at three of the biggest challenges that construction teams deal with and how they affect procurement planning.

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The Unique Challenges of Procurement Planning for Construction Companies

ProcurementExpress.com

Construction teams face unique procurement challenges due to the complex nature of the business. As technology changes the game, procurement is becoming a strategic juggling act. With that in mind, we’ll look at three of the biggest challenges that construction teams deal with and how they affect procurement planning.

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How to survive and overcome inflation and rising construction costs

Lets Build

Free eBook: Quick guide to Lean practices for construction professionals 7 ways to minimise the impacts of construction inflation As inflation continues to affect the construction industry worldwide, we must find ways to counteract it or risk losing our already slim profit margins.

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Construction Cost Optimizing

Job Order Contracting

The OpenJOC(TM) Solution streamlines construction procurement and project delivery by integrating LEAN processes with locally researched unit price detailed line item construction task cost data, and supporting Program, Project, Estimate, Document, Contractor, Subcontractor and Task/Issue and Management.

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Monitoring Your Financial Position to Succeed in the Construction Industry

Viewpoint Construction Technology

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. Sometimes this erodes profit, but in some scenarios, it can mean losses or even worse. But Doesn’t Generic Accounting Software Do the Job?