Construction Business Owner

JANUARY 12, 2012

” » The Expensive Process of Bidding. Without spending money bidding projects, you can’t get jobs to make money building them. With more people bidding on fewer jobs, the market is much more competitive. Perhaps the toughest part, though, is that even if you bid a job and don’t win, you still incur costs to compete.

Bidding 150

Bidding Construction Documentation Software 150

Pro Builder

JUNE 6, 2022

They also make a lot of custom structural changes—even after construction has started—and bid out and sign trade and supplier contracts based on the last house they completed and without detailed (or any) scopes of work. They pay vendor invoices without any variance documentation. When you’re out of cash, you’re out of business.

Management 52

Management Cash Flow Profitability Schedule 52

Autodesk Construction Cloud

JANUARY 19, 2022

Cash flow can make or break any business, especially in the construction industry. To successfully grow, construction firms need to effectively manage cash flow to procure materials, pay vendors and salaries, fund new projects, and finance other day-to-day business operations. Choose projects with profitable estimates.

Cash Flow 59

Cash Flow Management Profitability Change Orders 59

Levelset

FEBRUARY 15, 2022

The contracting authority provides bidders with the prevailing wage rates within the bid and contract documents. Higher labor costs can put a real crunch on your cash flow during a prevailing wage job. Additionally, building prevailing wages into your estimates and bids isn’t enough.

Pennsylvania 52

Pennsylvania Contractors Cash Flow Contract 52

Construction Business Owner

AUGUST 18, 2011

And that seemed to strike a chord with some of you, so I figured I’d talk more about government jobs, and what you need to be prepared to bid on them. This agreement ensures that a contractor will perform all of the duties they agreed to in the bid they placed, abiding by the terms of that government-sanctioned project. Add new tag.

Cash Flow 169

Cash Flow Software Software Accounting 169

Levelset

FEBRUARY 18, 2022

They are determined by the current rates in force at the time the project goes out for bid and are usually included in the bid and contract documents. Higher labor costs can put a real crunch on your cash flow during a prevailing wage job. Here are some rates for commercial construction in St.

Minnesota 52

Minnesota Contractors Cash Flow Finance 52

Construction Business Owner

OCTOBER 26, 2011

I know a lot of contractors are getting into bidding season, and this got me thinking about communication. To further complicate matters, a construction project may have hundreds, perhaps thousands, of people working on it at any given time, making document version control a constant struggle. document management. Beyond Games.

Construction 160

Construction Software Software Bidding 160

Pro Builder

APRIL 19, 2021

Using an intelligent solution allows project managers to base their bids on past project data and actual expenses. 5) Material Planning & Document Management. 3) Estimating. An integrated mechanical contractor software improves estimating accuracy. 4) Budgeting & Finances.

Software 52

Software Software Contractors Change Orders 52

Constructlaw

SEPTEMBER 10, 2020

One additional outcome of this, that everyone needs to understand from the very beginning of a project, is the need to document everything — absolutely everything. It is easier to be successful in your claim if it is well-documented. These additional costs and productivity impacts have to be built into future bids.

Industrial 52

Industrial Union Contract Claims 52

Construction Business Owner

JANUARY 5, 2012

Evaluate Bidding Strategy. There are fewer projects to bid and what projects are available are being bid by more people. Consequently, the bidding climate is very competitive with some work going to people bidding below cost. document management. It’s tough out there. Stay Connected. www.dexterchaney.com.

Construction 120

Construction Bidding Software Software 120

Construction Business Owner

JANUARY 12, 2012

The Expensive Process of Bidding » Save Time, Resources – File Electronically. Keeping documents as electronic files reduces paper waste and clutter in your office because you can get rid of the filing cabinets. Electronic filing also gives you the ability to search with simple keyword terms, so you can find documents faster.

Construction 137

Construction Software Software Accounting 137

Construction Business Owner

JANUARY 26, 2012

Venture tools are built to give contractors visibility and control over three key areas of construction operations: Documentation. Document Management. It’s no secret that documents play a vital role in the construction process from beginning to end. document management. Communication. Project Communication. Add new tag.

Construction 120

Construction Software Software Documentation 120

Construction Business Owner

JANUARY 5, 2012

It’s often easy to bid on a job, start work, and miscalculate how far along in the project you are versus the amount of money you’ve spent. This year, I encourage you to close the gap between your bids, your projections, and the actual cost of the project. document management. Close the Budget vs. Actual Gap. Add new tag.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

APRIL 12, 2012

Good document management software will be able to keep those certifications on file. A prequalification program that tracks vendors certification, will also help you when it’s time to start bidding on projects. document management. Tags: construction management software , document management , Green Building. Add new tag.

Construction 120

Construction Certification Green Software 120

Construction Business Owner

APRIL 26, 2012

Meet with them before every project to discuss not only the contractual provisions for scope of work and change orders, but also what you bid and why. The profit you calculate when bidding a job can fluctuate dramatically as work progresses. document management. Stay on Top of Changes. Add new tag. business development.

Change Orders 120

Change Orders Construction Profitability Software 120

Construction Junkie

JULY 8, 2020

On the show, Booth discusses a variety of different construction topics, such as pre-bid contracts, general conditions reviews, tracking and monitoring project issues, and improving cash flow. The long running podcast, hosted by Tony Booth, is published 5 days a week and most are around 20 minutes long.

Construction 121

Construction Lien Zoning Industrial 121

Construction Cost Estimating

JUNE 16, 2010

We provide model based Project Estimating service from schematic narratives through final construction documents including Construction Estimating & Scheduling for Architects at the concept stage to measure, count, and price best materials & building objects such as walls, doors, and windows, automatically or manually.

Estimating 40

Estimating Architecture Cash Flow Life Cycle 40

Contractor Bookkeeping

JULY 27, 2012

Assets of Company - Cash / Receivables – Payables / Trucks / Tools / Equipment / Material. Assets of Firm - Cash / Business Process / Sales Process / Client List / Predictable Cash Flow. BCG Matrix - Graphical representation of Cash Cows / Rising Stars / Question Marks / Dogs.

Contractors 63

Contractors Cash Flow Construction Accounting 63

Construction Cost Estimating

SEPTEMBER 19, 2017

Once tenders are approved, the Quantity Surveyor arranges cash flow data for the client to outline his resources sufficiently to fulfill contract commitments. Arrange and interpret tender documents, specifications, general conditions, and other parts and forms of contracts.

Cash Flow 40

Cash Flow Construction Estimating Contract 40

Construction Business Owner

APRIL 2, 2011

For those of you contractors doing government work: relish the competition involved with bidding. document management. Competition is what makes us strive for success, what makes us work harder and what makes us want to be the best. Show them what you’re made of, how resourceful you are and that you’re the company for the job.

Construction 160

Construction Software Software Accounting 160

Construction Business Owner

NOVEMBER 3, 2011

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. document management. With backlogs down and work less plentiful, field supervision has come into the office and become an integral part of the estimating process. Add new tag. foundation.

Construction 120

Construction Software Software Accounting 120

Levelset

JULY 22, 2022

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. What kinds of jobs are they bidding on? Keep the cash flowing like water down a valley. Here’s a little-known fact about growing a roofing business: It can be incredibly cash-hungry.

Cash Flow 52

Cash Flow Overhead Accounting Profitability 52

ProcurementExpress.com

FEBRUARY 11, 2019

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. Document management. Bidding and Research Stage. Request for bids. Receive bids. The management team should develop a plan for evaluating suppliers, as compared to the terms laid out in the initial bid.

Procurement 63

Procurement Plans Construction Budgeting 63

Levelset

JULY 15, 2022

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. What kinds of jobs are they bidding on? Keep the cash flowing like current on a hot line. Here’s a little-known fact about growing an electrical business: It can be incredibly cash-hungry.

Electrical 52

Electrical Cash Flow Accounting Profitability 52

Construction Cost Estimating

MAY 23, 2012

Job Simplicity is a comp l ete building & construction management software utilized to control the full phase from bid management, job costing, estimating, purchasing, scheduling, service coordination to building. Get the Web to Work: distribute information, documents & drawings amid your customers & trades. at 1:41 PM.

Estimating 55

Estimating Software Software Sage 55

ProcurementExpress.com

FEBRUARY 11, 2019

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. Document management. Bidding and Research Stage. Request for bids. Receive bids. The management team should develop a plan for evaluating suppliers, as compared to the terms laid out in the initial bid.

Procurement 52

Procurement Plans Construction Budgeting 52

Levelset

JULY 19, 2022

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. What kinds of jobs are they bidding on? Keep the cash flowing as smoothly as your paint. Here’s a little-known fact about growing a painting business: It can be incredibly cash-hungry.

Cash Flow 52

Cash Flow Accounting Profitability Residential 52

Levelset

JULY 18, 2022

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. What kinds of jobs are they bidding on? Keep the cash flowing through your financial pipes. Here’s a little-known fact about growing a plumbing business: It can be incredibly cash-hungry.

Cash Flow 52

Cash Flow Accounting Profitability Legal 52

Construction Business Owner

DECEMBER 9, 2011

In fact, project managers should worry about implementing more safe practices because it can affect the way they bid on jobs. Lower insurance costs mean project managers can submit more competitive bids on a job because they are no longer worried about higher employee costs-a win-win all around! document management. Add new tag.

Construction 137

Construction Insurance Software Software 137

Construction Junkie

MAY 20, 2020

On the show, Booth discusses a variety of different construction topics, such as pre-bid contracts, general conditions reviews, tracking and monitoring project issues, and improving cash flow. The long running podcast, hosted by Tony Booth, is published 5 days a week and most are around 20 minutes long. vote for in the blue.

Lien 116

Lien Construction Zoning Industrial 116

Construction Business Owner

JANUARY 13, 2012

« The Expensive Process of Bidding. document management. About Us Contact Us Advertise Press Releases Upload Artwork Via FTP -->. Free Subscriptions. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Home » Blogs. Year-End Wake Up Call » “How good do you want to be?”

Construction 120

Construction Software Software Accounting 120

Levelset

JUNE 16, 2022

A large amount of that funding is going to go directly to individual states, and with the state adopting new laws in 2021 that reconfigure the bidding process — along with adding the “design-build” option to the public construction process — there are plenty of opportunities for contractors across New Jersey.

New Jersey 52

New Jersey Lien Claims Contract 52

Construction Business Owner

APRIL 4, 2011

While we all would love to receive 100% correct and complete design documents, we all know that is more of a target than a reality. – will ultimately determine if you are on the bid list or in the negotiating room for the next project. document management. Add new tag. business development. change orders. cloud computing.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

OCTOBER 14, 2011

But I have been surprised at the number of contractors who tell me that they have bid for jobs at break-even or at a loss. document management. Tags: bidding , business development , change orders , construction , construction management , Dexter + Chaney , John Chaney. How do you handle your change order requests? Add new tag.

Change Orders 120

Change Orders Construction Software Software 120

Contractor Bookkeeping

NOVEMBER 30, 2012

Can you create that bid in an efficient manner on using your cell phone app? Think for a moment on how many other things can you do while waiting for our computer open a document, save a file and my un-favorite pastime, installing updates, cleaning cookies and temporary files. Second Thought is a Notebook or better yet a Tablet PC.

Equipment 50

Equipment Cash Flow Construction Banking 50

Construction Business Owner

NOVEMBER 17, 2011

With the number of companies bidding on each job increasing and the margins getting smaller, it is imperative that you know the true health of you fleet. document management. Add new tag. business development. change orders. cloud computing. communication. construction. Construction Accounting Software. construction management.

Construction 137

Construction Software Software Equipment 137

Autodesk Construction Cloud

JULY 8, 2021

A key piece is having the ability to see and compare how much specific items or tasks cost so you can correctly forecast and manage cash flow. . Construction firms can use cost codes to document, categorize, and analyze costs efficiently. This is where construction cost codes come into play.

Construction 52

Construction Profitability Budgeting Budget 52