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McAleer & Rushe set for record year after 2022 profit fall

Construction Enquirer

The bounce back follows a disappointing performance in 2022 that saw pre-tax profit fall 19% to £12m from revenue flat at £404m, according to newly-published accounts. McAleer & Rushe is set for a record year having secured new contracts worth £440m in the first six months of 2023 in Greater London, the Midlands and Scotland.

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Breaking Down Regional Silos to Gain Efficiencies and Increase Profitability

Autodesk Construction Cloud

We’re also seeing that some general contractors have a “standard” or assumed profit per project with an assumed percentage/cost for general conditions because they don’t fully know the cost of the people they are billing to jobs. Project Managers have better clarity of their project teams and can update information as needed.

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4 Ways to Avoid Profitability Traps That May Be Costing You

Autodesk Construction Cloud

Maintaining profitability on any given project is a challenge that many AEC firms face. It’s no secret that the construction industry has some of the lowest margins out there; data from Camino Financial states that the construction industry has an average net profit margin of just 5%. As Dane puts it, “Bottlenecks affect productivity.

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Unique High-Profit Contractors Need Value From Accounting Software

Contractor Bookkeeping

One of the reasons that we all like unit pricing in the grocery store is that it helps us determine which is the best value when deciding between sizes and between the store brands. Randal and I have brands and flavors we both like, and some flavors only one of us like. Take for example ice cream.

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Construction Accounting Profit And Loss Reports Are A Hill Of Beans

Contractor Bookkeeping

Reviewing QuickBooks Profit And Loss Reports - From our construction accounting clients reminded me of something I learned in my own construction businesses a long time ago. Construction accounting financial reports can be like staring at a hill of beans if you don't know what you are looking at or why.

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Hire Us And Keep Your Bookkeeper Can Dramatically Increase Profits!

Contractor Bookkeeping

The primary problem is most bookkeepers do not have the 10,000 hours of practice and training required for a construction accountant and they labor under the illusion that all bookkeeping is similar and yet nothing can be further from the truth. What Can You Do To Put More Cash And Profit In Your Construction Company?

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#92:  Lost Profits and Waivers of Consequential Damages

NH Construction Law

This mutual waiver includes: 1 damages incurred by the Owner for rental expenses, for losses of use, income, profit, financing, business and reputation, and for loss of management or employee productivity or of the services of such persons; and.2 A commercial owner's lost profits will always be of the latter type.