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Data Analytics Trends in Construction

Viewpoint Construction Technology

And true data analytics is more than just tracking traditional job costs and cash flow. Bidding Smarter and Winning More Work. Closely tracking things like job costs, change orders, material and equipment usage and worker productivity from your projects can help better forecast future work and lead to smarter bidding.

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How High-Profit Jobs Can Make Or Break Your Construction Company

Contractor Bookkeeping

In some cases, they can bankrupt your construction company because you bid on the project using whatever model you are accustomed to using, and in the end, you wind up with cash flow problems. The problem is that high-profit jobs can turn into low or no-profit jobs.

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Building Strong Starts: Protecting Profit Margins Through Effective Preconstruction

Autodesk Construction Cloud

Plus, preconstruction solutions like Autodesk Construction Cloud offer automated clash detection tools to streamline model coordination and free your team from having to do tedious processes. When the process isn’t carried out efficiently, bid management takes longer and causes more stress than necessary.

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Contractor Loans: An Expert's Guide On How To Finance Your Business

Contractor Bookkeeping

Hammering out bids, winning jobs, managing a crew, knocking out material lists and – most importantly – making sure that you stay on top of your cash flow are all big pieces of the contracting business puzzle.

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Bigger, Better Jobs: Tips for Getting the Jobs That Help Grow Your Business

Levelset

Delayed payment is felt by nearly 90% of contractors, according to Levelset’s 2021 Construction Cash Flow & Payment Report. While most specialty contractors aim to take on jobs with higher profit margins, buying materials upfront can drain the available cash needed to make this happen. Bid bigger.

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Top ten software for estimating and bidding

Construction Cost Estimating

Sage facilitates you to produce bids rapidly, precisely and positively with takeoff and cost databases. As soon as the project is procured, estimate details flow automatically into Sage business management software, removing unnecessary tasks and data entry errors. Besides, customized reports can also be generated.

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How to Start a Painting Business: 9 Keys to Growth & Success

Levelset

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. What kinds of jobs are they bidding on? Keep the cash flowing as smoothly as your paint. Here’s a little-known fact about growing a painting business: It can be incredibly cash-hungry.