Chianelli Estimating

JANUARY 30, 2020

Many times those costs are not recovered, however; they could make the difference in keeping the Builder or Owner solvent or ending up with a failed project or worse yet bankruptcy. Recently Contractors and Owners have found that Outsource Estimating is becoming a practical way to cut overhead.

Estimating 78

Estimating Construction Bidding Bankruptcy 78

Chianelli Estimating

AUGUST 6, 2020

The tendency to adjust their bid estimating will inadvertently produce many business failures. One error may be the difference in bankruptcy or staying afloat. A typical Residential Contractor will insert profit and overhead to their bottom-line. The result will not be pretty. Under estimate real costs. Less opportunities.

Estimating 60

Estimating Residential Insurance Commercial 60

Contractor Bookkeeping

JUNE 12, 2013

The problem is each transaction is unique and could go into any one of a dozen accounts or item codes depending upon whether it is a direct cost, indirect cost, WIP, retention, warranty, overhead, administrative, other cost or simply an expense.

Accounting 48

Accounting IDEA Bankruptcy Construction 48

Levelset

JULY 22, 2022

New businesses can leverage technology, automation, and lower overhead costs to compete with existing businesses. What kinds of jobs are they bidding on? If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. Analyze your competition.

Cash Flow 52

Cash Flow Overhead Accounting Profitability 52

Contractor Bookkeeping

OCTOBER 18, 2013

No construction company goes bankrupt that had useful accurate Financial Statements and Job Costing Reports that they understood and paid attention to because they would have seen bankruptcy coming well enough ahead of time to avoid it. And Job Costing Bankruptcy Is A Matter Of Time!

Contractors 48

Contractors Bankruptcy Cash Flow Accounting 48

Contractor Bookkeeping

JUNE 11, 2013

Job costing reports are the key to unlocking the mystery of which markets to serve, which jobs to bid, how much they need to cover the direct and indirect costs and which ones to walk away from. If the contractor believes the company is undercharging they may raise bid prices, lose jobs, eventually run out of cash and file bankruptcy.

Accounting 48

Accounting Bankruptcy Profitability Contractors 48

Levelset

JULY 18, 2022

What kinds of jobs are they bidding on? If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. To avoid getting caught in the “P” trap (without any profitability), you need to think carefully about overhead. Analyze your competition.

Cash Flow 52

Cash Flow Accounting Profitability Legal 52