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Some Advice on ChangeOrders » A Change (Order) for the Better? When clients ask me about changeorders, I’m reminded of a well-circulated photo. The yacht is named “ChangeOrder.” Discussion about changeorder difficulties tends to be one of two types.
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 2010. November 2010. October 2010. September 2010. August 2010. April 2010. March 2010.
Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. Just about every contractor has been there — a project starts out strong but, as it moves forward, delays and incidental added work and changes knock dollars and cents off of the bottom line. Stay on Top of Changes.
« A Change (Order) for the Better? Judging Tipis » Some Advice on ChangeOrders. I was talking with John Chaney this week, and he mentioned that he was going to blog about how changeorders affect construction management. December 2010. November 2010. October 2010.
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.
I know from my days as a general contractor that plans and specifications are altered continuously as subcontractors become involved, materials are changed, and changeorders are issued. December 2010. November 2010. October 2010. September 2010. August 2010. April 2010. March 2010.
« Some Advice on ChangeOrders. 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 2010. November 2010. October 2010.
But the point at which the office meets the field – where job progress is tracked, profitability is calculated, invoices and changeorders are processed – this is the point where bad (or no) communications between the field and the office results in diminished performance and profits. December 2010.
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 2010.
Rather than looking in the review mirror after a job is complete and realizing you’re over budget, make sure you have the ability to import estimates, manage changeorders, report on committed costs, and allow your employees in the field remote access. December 2010. November 2010. October 2010. September 2010.
The more accidents and safety violations you have on a job, the more the job is going to cost; and the last time I checked you can’t submit a changeorder just because your team got hurt on the job! December 2010. November 2010. October 2010. September 2010. August 2010. April 2010. March 2010.
Project managers are used to logging information – job progress, changeorders, labor, weather, and so on. December 2010. November 2010. October 2010. September 2010. August 2010. April 2010. March 2010. February 2010. January 2010. changeorders. August 2011.
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 2010. November 2010. October 2010. September 2010. August 2010. April 2010. March 2010. February 2010.
Alas, those days are long gone, which means we’re left to manage our fuel consumption or lose profit margins. December 2010. November 2010. October 2010. September 2010. August 2010. April 2010. March 2010. February 2010. January 2010. changeorders. August 2011.
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. December 2010. November 2010.
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