Construction Business Owner

JUNE 25, 2019

Heavy construction is catching up to other sectors when it comes to deploying software, which is prompting contractors to closely examine the roles and integration of software solutions for field operations (where profits are made) and accounting (where profits are measured). .

Accounting 286

Accounting Profitability Software Software 286

Job Order Contracting

FEBRUARY 3, 2025

According to industry data, the average bid win percentage for a commercial contractor is 25%, meaning for every 10 bids submitted, they would win 2-3 projects. Importance of tracking win rate: It’s crucial for contractors to actively monitor their bid win rate to identify areas for improvement and strategize for better bid submissions.

Bidding 147

Bidding Construction Defense Contractors 147

Viewpoint Construction Technology

MAY 2, 2018

Visibility throughout a construction business is critical for long-term success. It’s no secret, though, that many contractors rely on spreadsheets for workflows like accounting, project management, scheduling and estimating. percent of them still use spreadsheets for construction project management.

Accounting 211

Accounting Viewpoint Software Software 211

Viewpoint Construction Technology

FEBRUARY 14, 2024

Viewpoint enables contractors to better manage their projects, processes and people, using the data gathered to lower risk and improve margins.

Viewpoint 319

Viewpoint Accounting Risk Contractors 319

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.

Profitability 243

Profitability Accounting Transportation Environment 243

HardHatChat

NOVEMBER 27, 2024

Over the past 20+ years, Englewood has completed over 2500 commercial construction projects in the retail, restaurant, hospitality, senior living, industrial, cannabis, and automotive sectors. For example, at Englewood Commercial Construction, early collaboration is a core part of our process.

Risk 156

Risk Commercial Budgeting Budget 156

Construction Business Owner

MAY 25, 2017

If you are a general contractor, the odds are you will require the services of an outside accountant from time to time. At first glance, it can be difficult to tell the difference between the certified public accountants (CPAs) out there. But do they all deliver the same value?

Accounting 227

Accounting Claims Contractors 227

Viewpoint Construction Technology

JUNE 5, 2018

Revenue recognition standards were recently updated by the Financial Accounting Standards Board , and these updates will have an impact in the construction industry. To help contractors prepare, Viewpoint recently hosted a webinar on how contractors can get ready for the new standards. So where should contractors start?

Contractors 227

Contractors Accounting Contract Viewpoint 227

Contractor Bookkeeping

OCTOBER 18, 2024

In the competitive construction world, having a strong sales strategy is essential for sustaining and growing your business. It will give you a framework for generating leads, closing deals, and ultimately increasing revenue through nurturing existing accounts, thought leadership, and practical pricing discussions.

Accounting 108

Accounting Deals Construction Sustainability 108

Contractor Bookkeeping

DECEMBER 27, 2024

As the year draws to a close, construction business owners find themselves in a critical period of reflection and preparation. Access to the best available tools and information is vital in almost any operation but is especially crucial in the competitive construction and home service industry. you can use our promo code YEAREND40.

Construction 114

Construction Accounting Drawings Consulting 114

Viewpoint Construction Technology

MAY 16, 2019

From designing effectively to reducing waste, we have come up with seven tips and best practices that can help contractors stay above water. With Viewpoint construction software , creating a master inventory list is simple—updates can be made in real time making it easy to stay on top of your company’s equipment and tools.

Contractors 295

Contractors Inventory Schedule Materials 295

Contractor Bookkeeping

JANUARY 3, 2025

The construction industry has also experienced a significant transformation in recent years, driven by technological advancements. From project management software to drones and Building Information Modeling (BIM), construction business owners leverage these tools to enhance productivity, improve safety, and boost profitability.

Construction 115

Construction Accounting BIM Profitability 115

Viewpoint Construction Technology

JULY 24, 2018

HR, Finance and Accounting Professionals: Learn How to Work Smarter Not Harder at Collaborate 2018. In the construction industry, no two days are ever alike. In the back office, accounting and HR teams are the workhorses that get these tasks done day in and day out. Tax Planning Strategies for Construction Contractors.

Accounting 200

Accounting Finance Viewpoint IRS 200

Viewpoint Construction Technology

JANUARY 24, 2018

Compared to other industries, construction tends to be slow to go digital. The majority of construction companies are using a variety of software solutions for accounting, project management, estimating, and other important functions. percent of contractors reported using six or more solutions. Five years ago, 22.9

Software 217

Software Software Contractors Change Orders 217

Viewpoint Construction Technology

MARCH 13, 2024

Viewpoint enables contractors to better manage their projects, processes and people, using the data gathered to lower risk and improve margins.

Project Management 245

Project Management Management Accounting Viewpoint 245

Viewpoint Construction Technology

JULY 18, 2018

The construction industry’s future looks pretty bright, according to a recent report that found residential and commercial construction will keep growing in the near future. There’s plenty of work out there for contractors, which means they’ve been hurrying to hire. There’s no one single strategy to make it happen.

Contractors 227

Contractors Construction Office Roads 227

HardHatChat

AUGUST 28, 2018

Budget is always a major consideration for our commercial construction clients, and as a general contractor we devote significant time to the budgeting process. Here are a few signs that, in our experience, indicate your project budget is more likely to bust: Skimping on Professional Services. Getting Too Specific on Specifications.

Budgeting 337

Budgeting Budget Commercial Plans 337

Construction Business Owner

AUGUST 12, 2019

They are controllers, chief financial officers (CFOs), managers, accountants, vice presidents (VPs), and more, all from general contractors, sub-specialty contractors, public accounting firms, heavy-highway contractors, construction management firms and others. .

CFMA 269

CFMA Conference Accounting Contractors 269

Construction Marketing

OCTOBER 16, 2023

It takes extensive preparation and planning to complete your construction project successfully. Sometimes, even the most experienced developers, contractors, owners, and construction managers find it challenging to maintain the highest efficiency standards and stay organized throughout the entire construction process.

Construction 319

Construction Budgeting Budget Materials 319

Viewpoint Construction Technology

MAY 23, 2024

Viewpoint enables contractors to better manage their projects, processes and people, using the data gathered to lower risk and improve margins.

Accounting 169

Accounting Viewpoint Risk Contractors 169

Job Order Contracting

SEPTEMBER 7, 2022

The role of procurement in measurably improving construction productivity is clear. The role of procurement in measurably improving construction productivity is critical to achieving best value outcomes. Cost visibility, transparency, and accountability are virtually nonexistent. A robust tool is Job Order Contracting (JOC).

Procurement 261

Procurement Products Construction Accounting 261

Contractor Bookkeeping

DECEMBER 27, 2024

As the year draws to a close, construction business owners find themselves in a critical period of reflection and preparation. Access to the best available tools and information is vital in almost any operation but is especially crucial in the competitive construction and home service industry. you can use our promo code YEAREND40.

Construction 98

Construction Accounting Drawings Consulting 98

Viewpoint Construction Technology

OCTOBER 23, 2018

Construction sites these days have no shortage of data: design and BIM data from the planning stages of a project, jobsite data collected by wearables, mobile devices and sensors on equipment/materials, accounting and job progress data from the office, project management data and much more. Diving Deeper into Construction Data.

Construction 241

Construction Software Software Cash Flow 241

Viewpoint Construction Technology

FEBRUARY 6, 2018

Here’s Your Chance to See the Latest Construction Technologies and Hear from Industry Experts—all in an Intimate Setting Near You! Construction technology is evolving. The agenda will focus on topics and technologies that are top of mind within the construction industry, and give you the chance to ask questions of industry experts.

Contractors 223

Contractors Seattle Viewpoint Industrial 223

Construction Business Owner

FEBRUARY 2, 2022

Real Construction Companies Partner With Tenna to Improve Their Business. Learn what helped LEM Construction and Ernest Guigli & Sons. LEM CONSTRUCTION – HOUSTON, TEXAS. LEM Construction is a general contractor in Houston, Texas, in business for over 50 years. Greg Ragsdale. Wed, 02/02/2022 - 15:53. Business Need.

Sage 295

Sage Equipment Construction US 295

Job Order Contracting

NOVEMBER 30, 2022

Traditional construction cost management remains problematic for most real property owners. Traditional Construction Cost Management Failure. The recently published survey of 243 owners (122 public, 121 private), 240 general contractors and 241 specialty trade. Quantitative performance metrics. Regular third-party audits.

Management 262

Management Construction Forecasting Organization 262

Contractor Bookkeeping

MARCH 7, 2025

Understanding and managing your gross profit margin is crucial to ensuring the sustainability and profitability of your business as a construction contractor. An income statement (also referred to as a profit and loss report) reveals what profit your construction company made last month or last quarter.

Profitability 84

Profitability Contractors Overhead Income 84

Construction Business Owner

AUGUST 24, 2021

Standard market surety – how contractors can swing back safely from non-standard. It’s been a challenging and uncertain year for the construction industry. Accounting & Finance. construction surety. construction financials. 5 Tips for Moving From Nonstandard to Standard Surety. Greg Ragsdale. Promote to rotator No.

Finance 294

Finance Maine Accounting Concrete 294

Viewpoint Construction Technology

APRIL 23, 2019

6 reasons your construction projects are not being completed on time and how to avoid them. It’s both frustrating and costly for contractors when a construction project is postponed. There are some reasons, like weather that are beyond your control, but most construction project delays can be avoided. Budget Inaccuracies.

Construction 237

Construction Software Software Estimating 237

Viewpoint Construction Technology

MARCH 7, 2018

Viewpoint’s Digital Contractor Roadshow is kicking off soon and we are on our way to a city near you ! In order to keep you informed of new technology trends and best practices in an ever-changing industry, we are bringing the top thought leaders of the industry to share valuable and timely insights for your construction company.

Contractors 219

Contractors Consulting Project Management Management 219

Viewpoint Construction Technology

FEBRUARY 7, 2019

Considering contractors face ongoing high pressure to perform and operate with razor-thin profit margins, there’s no doubt: construction is a challenging industry. Many contractors experience data frustrations ranging from waiting on IT to build a custom report to trying to make a critical business decision without proper data.

Contractors 204

Contractors Cash Flow Construction Management 204

Viewpoint Construction Technology

FEBRUARY 14, 2019

One of the biggest challenges that contractors’ finance and accounting departments face is keeping up with all of the ever-changing tax regulations, incentives and procedures. She discussed the new 21 percent flat tax rate on C-Corps and what that could mean in terms of tax savings for large contractors. A Tax Review.

Viewpoint 204

Viewpoint Construction Contractors San Francisco 204

Construction Business Owner

APRIL 3, 2020

In this session, you’ll learn three advantages proven, born-in-the-cloud construction and accounting software provides, where everyone from management and field operations to the back office is connected and has complete visibility into your customers and business. Embedded Form. cloud software. Sponsor Acumatica.

Software 313

Software Software Profitability Accounting 313

Viewpoint Construction Technology

JULY 27, 2017

Planning for construction costs can mean the difference between making a decent profit and barely breaking even. When you’re dealing with jobs that are in the six, seven, and even eight figure budgets, project management can become very complex with many variables to account for. Design effectively. Invest in technology.

Viewpoint 214

Viewpoint Contractors Inventory Profitability 214

Viewpoint Construction Technology

APRIL 17, 2018

Contractors today deal with challenging projects, often with multiple performance obligations. The new GAAP revenue recognition standards developed by the Financial Accounting Standards Board are here, and these standards are designed with complex projects in mind. Here are some of the important steps: . Identify the Contract.

Accounting 223

Accounting Contract Viewpoint Cash Flow 223

Viewpoint Construction Technology

JANUARY 23, 2025

Viewpoint enables contractors to better manage their projects, processes and people, using the data gathered to lower risk and improve margins.

Accounting 169

Accounting Viewpoint Risk Contractors 169

Job Order Contracting

MAY 4, 2023

The validity of a construction cost estimate, the most important aspect, is often overlooked and resulting in billions of dollars was every year. A construction cost estimate must be independently validated. Key Principles There are key principles that should be adhered to when preparing a construction cost estimate.

Estimating 245

Estimating Construction Documentation Risk 245