article thumbnail

Tips for Creating a Healthy Cash Flow

Best Practices Construction Law

Also, consider eliminating any retainage provisions, if possible, or including a phased-out retainage so that your entire gross profit is not left until the project is completed. Project Management Tips. Make sure your project management team submits paperwork and issues invoices on a timely basis.

article thumbnail

FAQ's About Outsourced Contractors Bookkeeping Services

Contractor Bookkeeping

A lot of contractors would like to subcontract out their bookkeeping services and the two main reasons they don''t is fear of losing control and cost. QuickBooks or Xero Accounting Online for construction depends on how you get paid, the type of work your company does and if you need Job Costing. Need Work-In-Progress.

FAQ 49
article thumbnail

Lean Construction – Overcoming decades of mistrust, lack of communication, and opposition between facilities owners, designers, engineers, and builders.

Job Order Contracting

IPD or LEAN Job Order Contracting) of design process, with the A/E typically working for the contractor. Design changes can result in costly impacts to drawings or construction work in progress. Disagreements related to intended quality of work are not uncommon. Construction Manager at Risk. Advantages. Advantages.

Design 130