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Accounting & Finance. All businesses that purchase, finance, and/or lease less than $2 million in new or used business equipment during tax year 2011 should qualify for the Section 179 Deduction. December 2010. November 2010. October 2010. September 2010. August 2010. April 2010. March 2010.
Accounting & Finance. I would like to share the following tips to use before approaching the bank(s) or other financial institutions for additional financing, and some non-bank financing options. There are also some approved finance companies, such as GECC, that will finance heavy equipment purchases. October 2010.
Accounting & Finance. 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. December 2010. November 2010. October 2010. August 2010.
Accounting & Finance. 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. MANAGEMENT |. ACCOUNTING |. SOFTWARE |.
Accounting & Finance. 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.
Accounting & Finance. 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. September 2010.
Accounting & Finance. 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.
Accounting & Finance. 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. MANAGEMENT |.
Accounting & Finance. 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.
Accounting & Finance. 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.
Accounting & Finance. But to count on them as the source of profit is to bank on an unpredictable variable that is not under your control, that is hard to manage, and that you may wish to use for a completely different purpose – business development (more on this in a moment). December 2010. November 2010. October 2010.
Accounting & Finance. Carefully monitoring these numbers will help you preserve profit and build more accurate bids on future projects. December 2010. November 2010. October 2010. September 2010. August 2010. April 2010. March 2010. February 2010. January 2010. SOFTWARE |.
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