Construction Business Owner

SEPTEMBER 29, 2020

5 Ways Contractors Can Improve Profitability. By following project accounting best practices as they manage budgets and billing, they can help ensure the profitability of each project. How to reduce the risk of every project. Greg Ragsdale. Tue, 09/29/2020 - 11:13. 4 ways to make project closing easier—and more successful.

Profitability 185

Profitability Virgin Islands Contractors Puerto Rico 185

Construction Business Owner

MARCH 1, 2024

Strategic Cost Estimation for Contractors in 2024 ccapoccia Fri, 03/01/2024 - 16:03 As we navigate the complexities of the construction industry in 2024, the ability to provide accurate cost estimations remains the cornerstone of a contractor’s success.

Estimating 156

Estimating Contractors Roads Profitability 156

Construction Business Owner

APRIL 30, 2024

For contractors operating with increasingly thin margins, accounting is essential for building a profitable construction business. Why Accurate Accounting Depends on Data Integration ccapoccia Tue, 04/30/2024 - 10:00 Construction accounting is more than just tracking numbers and compiling reports.

Accounting 345

Accounting Profitability Contractors Construction 345

Fieldwire

FEBRUARY 14, 2022

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. Effective Marketing.

Profitability 98

Profitability Contractors Management Contract 98

Construction Dive

NOVEMBER 1, 2023

The California-based contractor continues to work through its old, less profitable jobs, but is booking new ones at a faster rate than last year.

Profitability 114

Profitability California Contractors 114

Construction Business Owner

JUNE 26, 2019

For any company with a fleet of light- or medium-duty vehicles, from service contractors to vendors and those in the transportation industry, increasing profitability often comes down to fostering an environment of greater employee accountability.

Accounting 243

Accounting Profitability Transportation Environment 243

Construction Business Owner

DECEMBER 11, 2016

1 challenge many contractors face is profit shrinkage or profit margin fade. As a business coach, I see numerous contractor income statements every year. I often hear company owners say that they bid using a 15-percent markup for overhead and 10 percent for profit.

Profitability 249

Profitability Overhead Bidding Income 249

Construction Business Owner

APRIL 20, 2023

CDT A growing consensus of contractors believes labor utilization can be greatly improved with the right software. Adopting software doesn’t mean you have to change processes or workflows — it’s about enhancing them with automation, reporting, historical record keeping and bulk actions that improve your business performance and profitability.

Software 278

Software Software Contractors Electrical 278

Construction Enquirer

JUNE 28, 2023

Morgan Sindall is set to report better-than-expected trading for the first-half with profits strongly up. In a trading statement for the first six months of the year, the construction and regeneration contractor said the fit-out division in particular had delivered a much stronger performance than expected.

Profitability 101

Profitability Office Environment Contractors 101

Construction Business Owner

MARCH 23, 2017

Are you willing to make the strategic moves required to double your company’s net profit over the next 3 years? By implementing new strategies and attacking higher margin opportunities, top contractors are able to improve their bottom line.

Profitability 252

Profitability Contractors 252

Construction Dive

FEBRUARY 6, 2023

Even though the Swedish contractor’s full-year profit dipped, it reported record backlog last year.

Profitability 120

Profitability US Contractors 120

Construction Business Owner

FEBRUARY 7, 2024

Promote to rotator No Rotator Image Change orders are an inevitable part of doing business as a contractor and can often mean more revenue. Central Change orders are an inevitable part of doing business as a contractor and can often mean more revenue. Thu, 03/07/2024 - 12:00 1:00 p.m.

Change Orders 352

Change Orders Profitability Construction Contractors 352

ENR Construction

MARCH 15, 2024

London-based contractor reported that Australia unit profit fraud in 2022 caused no corporate cash leakage.

Profitability 73

Profitability Contractors 73

Contractor Bookkeeping

APRIL 21, 2023

Many problems can be traced back to the "Halo Effect," which happens when a contractor thinks, "We are so good at (fill in the blank) we should expand into (fill in the blank)." Or the opposite, a home builder who decides to branch out into residential remodeling.

Profitability 88

Profitability Remodeling Residential Industrial 88

Lets Build

JANUARY 6, 2023

Setbacks like supply chain disruptions and rising energy prices are putting pressure on residential construction profit margins. And for many construction companies that operated on slim profit margins before those setbacks, even the smallest cost overruns can result in loss-making projects.

Profitability 144

Profitability Residential Software Software 144

Construction Business Owner

SEPTEMBER 18, 2023

Promote to rotator No Rotator Image Status of webinar Featured Stay on top of every project and maximize profitability. Central An accurate and timely Work-in-Progress (WIP) report is one of the most essential tools a contractor can use to optimize cash flow. Thu, 10/26/2023 - 12:00 1:00 p.m.

Work in Progress 358

Work in Progress Cash Flow Profitability Management 358

Contractor Bookkeeping

DECEMBER 9, 2022

Enlightened contractors like you understand the value of developing your own unique Construction Contracting System, a collection of documented repeatable processes and operation manuals. Proper accounting and bookkeeping develop timely financial reports to show which jobs are profitable so you can pursue more.

Cash Flow 94

Cash Flow Profitability Construction Accounting 94

Contractor Bookkeeping

MAY 19, 2023

Sales and profit are two very different things – as a construction business owner, you can find yourself without the cash to pay bills despite making sales you knew were profitable. You may also be startled to discover that solid cash flows from sales deliver little profit.

Cash Flow 102

Cash Flow Profitability Forecasting Construction 102

Viewpoint Construction Technology

APRIL 5, 2021

How specialty contractors use real-time construction data and analytics to improve profitability and productivity in 2021.

Contractors 210

Contractors Profitability Construction Products 210

Construction Business Owner

MARCH 1, 2024

Solving the Pricing Puzzle ccapoccia Fri, 03/01/2024 - 16:20 Through working closely with fence contractors, general contractors and dealers over the years, I’ve seen one issue come up repeatedly for construction business owners: getting the balance between pricing and profitability right.

Profitability 156

Profitability Contractors Construction 156

Construction Dive

MARCH 14, 2024

CEO Leo Quinn nonetheless predicted growth in coming years as the London-based contractor capitalizes on shifts in the U.S.

Profitability 107

Profitability Contractors 107

Lets Build

MARCH 31, 2022

General contractors are at the forefront of almost every construction project. What is a general contractor? Before we get deeper into the details of a general contractor’s salary, let’s briefly talk about their role in the construction industry. How much does a general contractor make?

Contractors 148

Contractors Profitability Management Schedule 148

Construction Dive

AUGUST 23, 2023

Beyond better collaboration and time savings on projects, gains show up in builders’ bottom lines, writes a Rochester, New York, construction executive.

Profitability 113

Profitability New York Contractors Construction 113

Construction Enquirer

JUNE 13, 2023

Britain’s biggest steelwork contractor Severfield has delivered stronger than expected profits and revenue after embarking on a diversification strategy. Underlying pre-tax profit jumped a fifth to £32.5m in the year to March 2023 off record revenue up 22% to £492m. He said: “2023 was a very successful year for the Group.

Profitability 78

Profitability Security Office Deals 78

Construction Business Owner

DECEMBER 2, 2016

1 challenge many contractors face is profit shrinkage or profit margin fade. As a business coach, I see numerous contractor income statements every year. I often hear company owners say that they bid using a 15-percent markup for overhead and 10 percent for profit.

Profitability 120

Profitability Overhead Bidding Income 120

Viewpoint Construction Technology

MAY 14, 2019

The most common contractor errors and how to avoid them to keep your construction projects safe, productive and profitable. The savvy contractor knows they can’t possibly avoid every jobsite mistake. This adds up to smarter, safer projects that are ultimately more profitable. Neglecting Safety Measures.

Contractors 255

Contractors Software Software Accidents 255

Construction Business Owner

JULY 12, 2023

Job costing measures the success throughout the job and provides insight into its future profitability. While not used in all industries, job costing is a proven method that the most successful contractors use to steer the financial success of their businesses.

Work in Progress 284

Work in Progress Construction Profitability Equipment 284

Autodesk Construction Cloud

JUNE 8, 2023

Doing so won’t just make your life easier; it’ll also help you protect your profit margins. A connected bidding platform also simplifies how you manage field proposals from other contractors and subcontractors. Because preconstruction offers the biggest opportunity to de-risk a project.

Profitability 98

Profitability Bidding Estimating Risk 98

Construction Business Owner

APRIL 20, 2023

CDT A growing consensus of contractors believes labor utilization can be greatly improved with the right software. Adopting software doesn’t mean you have to change processes or workflows — it’s about enhancing them with automation, reporting, historical record keeping and bulk actions that improve your business performance and profitability.

Software 166

Software Software Contractors Electrical 166

Autodesk Construction Cloud

APRIL 24, 2023

By taking proactive steps and adopting the right tools, you can mitigate and safeguard your firm’s profits. The involvement of various stakeholders, such as owners, architects, contractors, and subcontractors, can lead to constant communication breakdowns.

Profitability 97

Profitability Construction Autodesk Forecasting 97

Viewpoint Construction Technology

NOVEMBER 4, 2021

Leslie Shiner's tips for maximizing construction cash flow and improving contractors' bottom lines.

Cash Flow 318

Cash Flow Forecasting Profitability Construction 318

Construction Dive

OCTOBER 11, 2023

Despite firms’ stable profit margins and expanding sales, the economy faces several challenges that could affect construction, said ABC’s chief economist.

ABC 143

ABC Profitability Contractors Construction 143

Construction Business Owner

JULY 19, 2019

One contractor focused its efforts on decreasing waste and secondary time, and its employees now spend about 65% of their time on primary tasks— far above the industry average of 42%. Details here.

Profitability 293

Profitability Products Contractors Industrial 293

Construction Business Owner

JULY 4, 2022

Using work-in-progress (WIP) reports to stay on top of every project & maximize profitability. An accurate and timely work-in-progress (WIP) report is one of the most essential tools a contractor can use to optimize cash flow. In this webinar, we will discuss: Five common mistakes that compromise cash flow and job profitability.

Work in Progress 285

Work in Progress Cash Flow Profitability Contractors 285

Construction Dive

JUNE 21, 2023

Contractors that automate more than half of their subcontractor management processes see bigger benefits, according to Dodge Construction Network.

Profitability 133

Profitability Contractors Management Construction 133

Learn Civil Engineering

MAY 15, 2022

What is contractor profit in construction industry

Profitability 40

Profitability Contractors Industrial Construction 40

Construction Enquirer

MAY 23, 2023

But pre-tax profit slid to £15m from £25m the year before in the face of a turbulent market and unpredictability of material and labour prices. ” Quinn said that the second quarter of 2023, saw a more stable situation concerning cost inflation, and gross profit margins were set to be similar to or slightly above those achieved in 2022.

Profitability 62

Profitability Construction Risk US 62