Viewpoint Construction Technology

JUNE 12, 2013

MCM is a CPA firm with a team of accountants dedicated to construction accounting. Construction markets remain competitive, so it comes as no surprise that construction companies have to be at the top of their game throughout a project. Missing the Mark on Profitability. Overlooking Your Indirect Costs.

Bidding 325

Bidding Profitability Construction Cash Flow 325

Construction Marketing

JULY 24, 2020

In the past, the marketing and accounting functions within a company were not frequent collaborators save the annual budgeting or forecasting process. Today, thanks to technology, software and systems, marketing and accounting teamwork is not only possible, but effective. Marketing and Accounting Harmony.

Accounting 170

Accounting Finance Forecasting Certification 170

Construction Business Owner

FEBRUARY 21, 2020

How to Streamline Accounting Processes with Expense Management Tech. How you can help your company be more productive and profitable by investing in expense management technology to streamline your accounting tasks. Elizabeth Manning. Fri, 02/21/2020 - 11:43.

Accounting 184

Accounting Management Profitability Products 184

Construction Business Owner

MAY 16, 2023

The Importance of Accounting Estimates in an Uncertain Economy ccapoccia Tue, 05/16/2023 - 13:49 “A journey of a thousand miles begins with a single step,” was the saying of Lao Tzu, an ancient Chinese philosopher. These estimates provide management with a foundation to effectively interpret costs, profitability and bid processes.

Accounting 156

Accounting Estimating Finance Bidding 156

Construction Business Owner

JULY 25, 2023

Correlating Your Business Model to Profitability ccapoccia Tue, 07/25/2023 - 04:48 Whether you identify your business model or not, your company does have one. I practiced in public accounting for 18 years, specializing with contractors, and I oversaw 125 audits and reviews each year before I sold my practice.

Profitability 156

Profitability Modeling Infrastructure Accounting 156

Viewpoint Construction Technology

DECEMBER 6, 2022

Learn how you can make your AP process faster and easier by removing paper processes while turning your AP department into a profit center.

Accounting 169

Accounting Profitability Construction Viewpoint 169

Construction Business Owner

DECEMBER 31, 2022

To build a profitable construction business, owners must be focused on key performance indicators (KPIs) and bottom-line numbers. These KPIs are centered on sales revenue, overhead, profit markup, labor costs per unit of work, and your updated job cost labor for every project. 6 Numbers You Need to Know. Sat, 12/31/2022 - 07:39.

Overhead 256

Overhead Profitability Finance Accounting 256

Contractor Bookkeeping

MARCH 26, 2021

Most construction business owners who use accounting software quickly master the basics. What three reports do you need for your construction business? #1 They automate processes like invoicing and payroll, track expenses, and view real-time financial reports to manage cash flow and make better business decisions.

Accounting 105

Accounting Software Software Cash Flow 105

Construction Business Owner

APRIL 3, 2020

Exploring the software essentials that push profits & productivity. 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.

Software 254

Software Software Profitability Accounting 254

Contractor Bookkeeping

AUGUST 7, 2020

First, we always ask our clients to decide what they want from their construction company. For many small construction companies, the best way to improve profitability is to increase turnover, as there's no limit to sales, but there is a limit to how much you can reduce your costs. Do you want to get rid of the boss?

Profitability 114

Profitability Construction Environment Accounting 114

Construction Business Owner

APRIL 10, 2023

Understanding Tech Options & How They Impact Operations ccapoccia Mon, 04/10/2023 - 08:12 Software selection can be a daunting task, whether it’s for accounting, project management, scheduling, estimating, timecard capture, contact management or another process. Software becomes part of your infrastructure.

Software 269

Software Software Profitability Project Management 269

Viewpoint Construction Technology

APRIL 10, 2018

Although historically the construction industry has been slow to go digital , times are changing. There’s an industry transformation happening in construction, driven by modern technology, and these changes are significantly elevating construction management. Manual Processes Handcuffing True Construction Management.

Management 217

Management Viewpoint Software Software 217

Viewpoint Construction Technology

JUNE 19, 2018

In case you haven’t heard, construction software use is on the rise. By 2020, technology adoption in construction is expected to reach 70 percent, according to a 2017 report from McKinsey Global Institute. There has also been an increase in mobile device and cloud storage use at companies throughout the construction industry.

Software 200

Software Software Viewpoint Construction 200

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

MAY 31, 2018

The Construction Industry’s Best User Conference Is Only Getting Better. That’s when thousands of construction professionals of all roles, company sizes and specialties will gather here in Portland to learn, network and discover the latest technology solutions to eliminate inefficiencies and increase their profitability.

Conference 236

Conference Viewpoint Portland Construction 236

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. The key is continuously refining your construction company's practices and procedures. Doing the project as close to on time and budget as possible.

Cash Flow 90

Cash Flow Profitability Construction Accounting 90

Job Order Contracting

MAY 6, 2022

Shared profit and risk and jointly developed project goals and values are keystones for team alignment for any project. The ultimate benefit provided by integrated construction planning, procurement, and project delivery solution is significantly improved life-cycle total cost of ownership asset management. Understanding Construction.

Procurement 218

Procurement Plans Construction Life Cycle 218

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

Construction Business Owner

JANUARY 27, 2014

For owners of small to midsize construction firms, juggling all the responsibilities of owning and operating a business—such as accounting, estimating and scheduling—while trying to increase profits can be a daunting task.

Profitability 189

Profitability Accounting Schedule Estimating 189

Construction Business Owner

MAY 21, 2018

Today’s volatile construction industry, dominated by demanding owners, labor shortages, increasing competition and shrinking profitability, leaves many contractors wondering “How can we survive amidst growing risk and uncertainty?”

Accounting 124

Accounting Profitability Risk Contractors 124

Construction Business Owner

AUGUST 1, 2018

Imagine your company as a funnel with a shut-off valve controlling the flow of profit output. The funnel absorbs and reduces the profit output by paying invoices for job costs and overhead expenses. The leftover flow is net profit cash exiting the end of the funnel into your equity account.

Equity 189

Equity Overhead Profitability Accounting 189

Viewpoint Construction Technology

JANUARY 22, 2019

“It’s a great idea,” said one general contractor attendee after our first 2019 Take 15 webinar on Using Construction Data to Manage Profit Fade. Solutions for Real-World Construction Issues. You can learn about key industry technologies in as little as 15 minutes to stay aware of modern construction trends. Well done!”.

Construction 204

Construction Schedule Software Software 204

Autodesk Construction Cloud

APRIL 24, 2023

While incredibly rewarding, the construction industry is a challenging sector to work in for cost-focused business and project executives. Bank failures, rising interest rates, high material prices, and labor crunches are all making it more challenging for construction companies to protect, let alone, improve their margins.

Profitability 97

Profitability Construction Autodesk Forecasting 97

Construction Marketing

MAY 17, 2023

The construction industry is undergoing a remarkable transformation as it embraces the digital age. Due to the quick adoption of new tools and technologies, keeping competitive and being successful in the current environment of the construction industry are now closely related to implementing technological innovations.

Innovation 247

Innovation Construction Safety Budgeting 247

Contractor Bookkeeping

MAY 6, 2022

Success in operating a profitable construction business is all about maintaining the proper balance of control over both The Profit Centers and The Cost Centers. If either one gets too powerful and is allowed to run your construction company, it can cause more damage than good.

Profitability 100

Profitability Construction Innovation Environment 100

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 98

Cash Flow Profitability Forecasting Construction 98

Viewpoint Construction Technology

AUGUST 9, 2018

Construction management is no easy task, as today’s contractors have a lot to juggle: job costs and budgets, progress reporting, overseeing subcontractors, field crews and schedules, materials and equipment, constantly moving timelines and much more. How to Choose Construction Management Software. How do your processes work now?

Software 200

Software Software Construction Budgeting 200

Construction Marketing

NOVEMBER 25, 2014

Construction firm owners are beginning to truly understand the benefits of using smartphone and tablet devices for work. Now, even small firms can afford to construct and implement mobile apps into their business. Here are some processes in the construction industry that can make an easy conversion to mobile. Work Orders.

Mobility 232

Mobility Inspections Construction Safety 232

Pro Builder

FEBRUARY 11, 2022

Reducing 3 Types of Construction Waste to Increase Home Builder Profit. In today’s economic climate, it’s vital for home builders to keep waste to a minimum so they can receive the highest profit on their homes. Lean Construction’s Greatest Hits, Vol. Fri, 02/11/2022 - 10:13. What Is Waste? That simply is not the case.

Profitability 111

Profitability Materials Construction Estimating 111

Viewpoint Construction Technology

FEBRUARY 12, 2019

The main reason construction businesses implement an integrated project management system is for the visibility that they can gain over every aspect of a project. Here’s a list of key reports that you should be able to pull at any moment from your construction project management software: Basic Accounting Reports.

Cash Flow 130

Cash Flow Software Software Accounting 130

Levelset

JUNE 6, 2022

Construction projects rely on contractors completing the work they started and meeting the design intent. In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. These holdbacks need to be accounted for by every party to a project: owner, general contractor, and subcontractor.

Accounting 98

Accounting ABC Banking Liability 98

Viewpoint Construction Technology

SEPTEMBER 23, 2018

While many businesspeople swear by hard work and technical proficiency as the key ingredients of success, within the construction industry, there is a broader understanding that success is built on more than just structural expertise and hard work. Sometimes this erodes profit, but in some scenarios, it can mean losses or even worse.

Industrial 130

Industrial Accounting Viewpoint Construction 130

Construction Marketing

DECEMBER 20, 2012

Despite high interest in database marketing (DBM), many construction marketers still have not implemented DBM. In addition the 80/20 rule can be illustrated utilizing percentages, for example, 80% of XYZ profits are derived from the top 20% of customers. What is your “account penetration” level by customer?

Construction 220

Construction Modeling Statistics Products 220

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 195

Estimating Construction Documentation Risk 195

Construction Dive

MAY 9, 2023

The firm announced plans to spin off its Critical Missions Solutions business, which accounted for 35% of its revenue last year.

Profitability 120

Profitability Accounting Plans 120

Construction Business Owner

AUGUST 25, 2022

Estimating is the backbone of a construction project, and it’s essential to get it right to win bids. Like any process in construction, the estimating process is individualized to the company, but being siloed into one method of estimating can be burdensome. Create your free account today. . STACK Construction Technologies.

Estimating 280

Estimating Overhead Software Software 280

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.

Profitability 98

Profitability Contractors Management Contract 98