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If a business is unprofitable in 2011, and has no taxable income to use the deduction, that business can elect to use 100% Bonus Depreciation and carry-forward to a year when the business is profitable. December 2008. November 2008. October 2008. September 2008. August 2008. document management.
Look for software that does a better job providing applications based on the workflow of a project from cradle to grave, and that provides web-based anywhere-any time visibility into job progress, profitability, change management, and more for everyone who involved in the success of a job. Next Generation of Document Management.
Querying different type of jobs in job costing to look at profitability by type. December 2008. November 2008. October 2008. September 2008. August 2008. document management. Looking at Over/Under Billing and posting the adjustment to the year-end financials. November 2009. October 2009. August 2009.
Document Management. With the current levels of detail required by industry standards, code compliance and also by the different disciplines, the number of documents required for a project is huge. Keeping track of what’s current in that huge set of documents and making sure others on your team are using current documents are critical.
December 2008. November 2008. October 2008. September 2008. August 2008. document management. November 2009. October 2009. September 2009. August 2009. April 2009. March 2009. February 2009. January 2009. Tags accounting. accounting software. Add new tag. business development. change orders. cloud computing.
Project Document Management : Your Communication Strategy. Because some very specific documents are created and used throughout the life of a typical construction project, these documents can serve as the center of your communications strategy. Document availability. Document relevance. Document Tracking.
Consider these three vital areas: Construction Project Documents: How do you move documents through your organization? When documents are created or modified, are the appropriate people notified? There are a number of software packages out there that allow document sharing. December 2008. November 2008.
December 2008. November 2008. October 2008. September 2008. August 2008. document management. November 2009. October 2009. September 2009. August 2009. April 2009. March 2009. February 2009. January 2009. Tags accounting. accounting software. Add new tag. business development. change orders. cloud computing.
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. Archiving documents. December 2008. November 2008. October 2008.
December 2008. November 2008. October 2008. September 2008. August 2008. document management. November 2009. October 2009. September 2009. August 2009. April 2009. March 2009. February 2009. January 2009. Tags accounting. accounting software. Add new tag. business development. change orders. cloud computing.
« Free Webinar on Reducing Profit Fade. December 2008. November 2008. October 2008. September 2008. August 2008. document management. About Us Contact Us Advertise Press Releases Upload Artwork Via FTP -->. Free Subscriptions. Construction Business Owner Magazine. Home » Blogs. April 2009.
Finally, the programmers that do the actual coding will receive the final specifications document. They will study the document and then meet with the analyst to thoroughly review all aspects of the specifications. December 2008. November 2008. October 2008. September 2008. August 2008. November 2009.
Healthy Competition » Free Webinar on Reducing Profit Fade. One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs.
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. December 2008. November 2008. October 2008. September 2008. August 2008. document management. Hurry Up & Wait.
December 2008. November 2008. October 2008. September 2008. August 2008. document management. November 2009. October 2009. September 2009. August 2009. April 2009. March 2009. February 2009. January 2009. Tags accounting. accounting software. Add new tag. business development. change orders. cloud computing.
December 2008. November 2008. October 2008. September 2008. August 2008. document management. November 2009. October 2009. September 2009. August 2009. April 2009. March 2009. February 2009. January 2009. Tags accounting. accounting software. Add new tag. business development. change orders. cloud computing.
December 2008. November 2008. October 2008. September 2008. August 2008. document management. November 2009. October 2009. September 2009. August 2009. April 2009. March 2009. February 2009. January 2009. Tags accounting. accounting software. Add new tag. business development. change orders. cloud computing.
Sometimes, as you know, project documents can devote an entire plan sheet or spec section to a list of abbreviations and acronyms. A lot of this communication revolves around the project documentation. December 2008. November 2008. October 2008. September 2008. August 2008. document management.
Many contractors haven’t taken advantage of digital document solutions, and the ones that have are still dealing with high volumes of data. December 2008. November 2008. October 2008. September 2008. August 2008. document management. Managing this information overload can be difficult. November 2009.
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. December 2008. November 2008. October 2008. August 2008.
December 2008. November 2008. October 2008. September 2008. August 2008. document management. November 2009. October 2009. September 2009. August 2009. April 2009. March 2009. February 2009. January 2009. Tags accounting. accounting software. Add new tag. business development. change orders. cloud computing.
Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. There’s a name for these situations: “profit fade.” The profit you calculate when bidding a job can fluctuate dramatically as work progresses. Construction Business Owner E-Newsletter. -->. Home » Blogs.
« Staying Focused in the Fight Against Profit Fade. From applications that make your meetings and webinars more collaborative to document management and social media apps to help you and your team organize, it seems collaboration is everywhere. December 2008. November 2008. October 2008. September 2008.
So, I took some photos, wrote an RFI attached the photos to the document and sent it to the architect noting its urgent status. Do you have a process for organizing, storing and attaching all supporting documentation for an issue? Some, if not most issues revolve around document management and project team communication.
Integrated Document Management. To help you manage your paper, look for systems with document imaging and management that go beyond “scan and store” capabilities. You should be able to search the text of the documents, not just the file names. December 2008. November 2008. October 2008. September 2008.
And risk can be a profit center, since insurance companies obviously make money. Even if this doesn’t become an actual source of profit in and of itself, contractors who actively work to understand and control risk are in a position to make smarter project decisions that lead to higher profit margins. December 2008.
December 2008. November 2008. October 2008. September 2008. August 2008. document management. November 2009. October 2009. September 2009. August 2009. April 2009. March 2009. February 2009. January 2009. Tags accounting. accounting software. Add new tag. business development. change orders. cloud computing.
Free Webinar on Reducing Profit Fade » Game Changers. December 2008. November 2008. October 2008. September 2008. August 2008. document management. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Home » Blogs. « “Stress” tests.
We are officially in fall, so grab some hot chocolate and let’s discuss why, despite available document imaging technology, people still use paper. People want to have access at any given time to all of their documents. December 2008. November 2008. October 2008. September 2008. August 2008.
Bring all your financial documents to the initial meeting. Banks are attracted to profitable business. December 2008. November 2008. October 2008. September 2008. August 2008. document management. Crunch the numbers – Banks like proactive business owners. Projected future earnings. August 2009.
December 2008. November 2008. October 2008. September 2008. August 2008. document management. November 2009. October 2009. September 2009. August 2009. April 2009. March 2009. February 2009. January 2009. Tags accounting. accounting software. Add new tag. business development. change orders. cloud computing.
December 2008. November 2008. October 2008. September 2008. August 2008. document management. November 2009. October 2009. September 2009. August 2009. April 2009. March 2009. February 2009. January 2009. Tags accounting. accounting software. Add new tag. business development. change orders. cloud computing.
Foundation Software has been profitable in each of its years of business since 1985. December 2008. November 2008. October 2008. September 2008. August 2008. document management. If we are not a good fit, we will “walk away” from the sale. We do not need or desire to chase a bad sale. November 2009.
Staying Focused in the Fight Against Profit Fade » Connecting in Construction. December 2008. November 2008. October 2008. September 2008. August 2008. document management. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Home » Blogs. November 2009.
But without exception, the story that each team told through their symbols focused on people, not projects or profits. No discussion of business practices, financial measurements, or profit-building strategies. December 2008. November 2008. October 2008. September 2008. August 2008. November 2009.
December 2008. November 2008. October 2008. September 2008. August 2008. document management. November 2009. October 2009. September 2009. August 2009. April 2009. March 2009. February 2009. January 2009. Tags accounting. accounting software. Add new tag. business development. change orders. cloud computing.
December 2008. November 2008. October 2008. September 2008. August 2008. document management. November 2009. October 2009. September 2009. August 2009. April 2009. March 2009. February 2009. January 2009. Tags accounting. accounting software. Add new tag. business development. change orders. cloud computing.
December 2008. November 2008. October 2008. September 2008. August 2008. document management. November 2009. October 2009. September 2009. August 2009. April 2009. March 2009. February 2009. January 2009. Tags accounting. accounting software. Add new tag. business development. change orders. cloud computing.
Good document management software will be able to keep those certifications on file. As construction becomes more and more complex, document management and certification tracking will play an even larger role in the industry. December 2008. November 2008. October 2008. September 2008. August 2008.
But the point at which the office meets the field – where job progress is tracked, profitability is calculated, invoices and change orders are processed – this is the point where bad (or no) communications between the field and the office results in diminished performance and profits. December 2008. November 2008.
Education leads to improvement, efficiency, and profitability! December 2008. November 2008. October 2008. September 2008. August 2008. document management. Webinars, whitepapers, classes, and user conferences like this most recent one: So do yourself a favor and keep learning! November 2009.
By themselves, they can’t house important documents, such as 401K contribution forms, that your employees need to access on a regular basis. Documents such as forms, templates, and policies can be stored for employee use, and information has a longer lifespan, remaining available as long as it remains relevant. December 2008.
This in turn lets the estimators use equipment rates that are spot on when estimating forthcoming work, which helps to get new work, and bring that work in profitably. December 2008. November 2008. October 2008. September 2008. August 2008. document management. November 2009. October 2009. April 2009.
Alas, those days are long gone, which means we’re left to manage our fuel consumption or lose profit margins. December 2008. November 2008. October 2008. September 2008. August 2008. document management. Recently, some of my colleagues attended a seminar on fuel management by Eric Newton of Comdata.
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