This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Enlightened contractors like you understand the value of developing your own unique Construction Contracting System, a collection of documented repeatable processes and operation manuals. Proper accounting and bookkeeping develop timely financial reports to show which jobs are profitable so you can pursue more.
When you have calculated your selling price and profit, you’ll be able to create a custom, professional proposal within STACK. Once installed, the plug-in brings up a list of cost-centered reports that are in your STACK account. Create your free account today. . Export Takeoff & Estimate Reports from STACK . Estimating.
Make certain that the selected year-of-expenditure reflects a realistic scenario, taking into account project planning and development durations, as well as construction. All elements of the project must be reduced to a cost that can be accounted and budgeted at a line item level. Construction Estimate.
By taking proactive steps and adopting the right tools, you can mitigate and safeguard your firm’s profits. ” Clearly, technology can enormously influence your projects’ productivity and profitability. Little to no project or business predictability Most construction projects are like a unique snowflake.
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. Accounting for extra tile for perimeter cuts is another area that will often result in required waste. .
ACCOUNTING |. Accounting & Finance. « Considering New Accounting Software? 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. Tags accounting. STRATEGY |.
ACCOUNTING |. Accounting & Finance. Querying different type of jobs in job costing to look at profitability by type. There are plenty of construction-specific accounting packages that work the way construction does and can efficiently prepare W2s and 1099s and year-end financial reports. Tags accounting.
ACCOUNTING |. Accounting & Finance. The end of December didn’t just bring about New Year’s resolutions – it brought the end of the yearly accounting cycle. Needless to say, most accounting departments are rather busy right now. Archiving documents. Tags accounting. accounting software. STRATEGY |.
ACCOUNTING |. 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.
Ethics, The lead project designer wants us to turn over all documents related to a change order request we have submitted. The designer even wants our original bid sheets and profit calculations and bids from our subs. The architect is refusing to review our change order until we turn over those documents. What should we do?
Ethics, The lead project designer wants us to turn over all documents related to a change order request we have submitted. The designer even wants our original bid sheets and profit calculations and bids from our subs. The architect is refusing to review our change order until we turn over those documents. What should we do?
Ethics, The lead project designer wants us to turn over all documents related to a change order request we have submitted. The designer even wants our original bid sheets and profit calculations and bids from our subs. The architect is refusing to review our change order until we turn over those documents. What should we do?
ACCOUNTING |. Accounting & Finance. Considering New Accounting Software? The Best Time to Go Live is… » Why Construction-Specific Accounting Software Costs More than Generic Accounting Software. I was doing some research on construction accounting softwares and came across your entry. Tags accounting.
ACCOUNTING |. Accounting & Finance. 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. Use a system to manage the documents you and your subs use to prepare bids.
Lagging productivity hurts contractors in many ways, including lost jobs, low profits, and unnecessary headaches like change orders and rework. It includes coordinating with owners, architects, suppliers, subcontractors, the back office accounting and financial staff, and, of course, managing the work being done by the crews out in the field.
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. For contractors who are constantly on the go, the short format has been a hit for quick learning. The 15-minute slice is just the right portion to squeeze into a busy schedule.”. Well done!”.
ACCOUNTING |. Accounting & Finance. 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.
ACCOUNTING |. Accounting & Finance. 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.
ACCOUNTING |. Accounting & Finance. « Free Webinar on Reducing Profit Fade. My company’s flagship product continues to evolve, and we constantly have one goal in mind: to be the industry leader in new sales for construction accounting software. Tags accounting. accounting software. document management.
Spectrum’s Work Order solution—the tools you need to keep operations profitable and clients satisfied. Transaction information flows seamlessly between Service Management and other applications throughout Spectrum, including: Accounts Receivable, Accounts Payable and General Ledger. Construction Accounting.
Attend sessions taught by some of construction’s best in business valuation, succession planning, leadership and more to help you run a solid, profitable business where business thrives and the very best construction professionals want to work. Implementing Process-Driven Profitability: What You Need to Hear. 15-18 in Portland, Ore.
ACCOUNTING |. Accounting & Finance. For instance, Foundation Software’s vision is this: “To provide the best in accounting software and service for the labor intensive contractor.” Tags accounting. accounting software. Construction Accounting Software. Construction Accounting Software. STRATEGY |.
ACCOUNTING |. 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. Tags accounting. accounting software.
These tools provide an in-depth analysis of project expenses during the planning stage by taking into account a variety of elements. Cloud-based project management software, video conferencing platforms, and collaborative document-sharing tools allow team members to work together efficiently, regardless of their geographic location.
ACCOUNTING |. Accounting & Finance. 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. Tags accounting. accounting software. document management.
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.
ACCOUNTING |. Accounting & Finance. Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. Greg is a Principal at Mountjoy, Chilton, Medley LLP , a CPA firm with a team of accountants dedicated to construction accounting. STRATEGY |. MANAGEMENT |. SOFTWARE |.
ACCOUNTING |. Accounting & Finance. The right construction-specific accounting software package will allow you to easily create all of these reports with the click of a button (eliminating manual entry through Excel spreadsheets) and to supply the required reporting to your bonding agency. Tags accounting. STRATEGY |.
ACCOUNTING |. Accounting & Finance. 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. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |.
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? Strategies in this area have grown in importance since the high cost of new customer acquisition has been well documented.
ACCOUNTING |. Accounting & Finance. 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. Tags accounting. accounting software. Construction Accounting Software.
ACCOUNTING |. Accounting & Finance. 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. Tags accounting.
ACCOUNTING |. Accounting & Finance. Many contractors haven’t taken advantage of digital document solutions, and the ones that have are still dealing with high volumes of data. Tags accounting. accounting software. Construction Accounting Software. Construction Accounting Software. document management.
ACCOUNTING |. Accounting & Finance. But should you rely on spreadsheets for accounting and jobs analysis? Today, new software applications – in job cost accounting, project management, estimating, etc. In construction, your construction-specific accounting software is often the most efficient tool you can use.
ACCOUNTING |. Accounting & Finance. 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? Tags accounting. accounting software.
ACCOUNTING |. Accounting & Finance. Mountjoy, Chilton, Medley LLP is a CPA firm with a team of accountants dedicated to construction accounting. Bring all your financial documents to the initial meeting. Banks are attracted to profitable business. Tags accounting. accounting software.
ACCOUNTING |. Accounting & Finance. « 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. Tags accounting. STRATEGY |.
This practice does not work for material, labor, equipment, nor does it account for local market productivity in any effective manner. Locally researched JOC Price Books are readily available to provide cost visibility, cost transparency, and therefore improve cost management. d) Distribution.
ACCOUNTING |. Accounting & Finance. And risk can be a profit center, since insurance companies obviously make money. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Software & Technology.
We organize all of the trending information in your field so you don't have to. Join 116,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content