Construction Business Owner

APRIL 26, 2012

Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. Just about every contractor has been there — a project starts out strong but, as it moves forward, delays and incidental added work and changes knock dollars and cents off of the bottom line. Stay on Top of Changes.

Change Orders 120

Change Orders Construction Profitability Software 120

Viewpoint Construction Technology

OCTOBER 23, 2018

Better understanding your project data can help significantly boost productivity and profitability on current projects, as well as better plan future ones. Bidding Smarter and Winning More Work. Several construction data trends have emerged recently. Diving Deeper into Construction Data.

Construction 241

Construction Software Software Cash Flow 241

Construction Business Owner

OCTOBER 26, 2011

I know a lot of contractors are getting into bidding season, and this got me thinking about communication. I know from my days as a general contractor that plans and specifications are altered continuously as subcontractors become involved, materials are changed, and change orders are issued. change orders.

Construction 159

Construction Software Software Bidding 159

Contractor Bookkeeping

JUNE 18, 2012

Construction Change Order Phobia. After Reviewing The QuickBooks Reports - We discovered a painful case of the dreaded disease I call "Change-Order-Phobia". In this case the pain of change in the contractor's mind had to be exceeded by the pain of staying the same. Percentage of Completion. Balance To Completion.

Change Orders 48

Change Orders Profitability Work in Progress Construction 48

Construction Business Owner

JANUARY 12, 2012

” » The Expensive Process of Bidding. Without spending money bidding projects, you can’t get jobs to make money building them. With more people bidding on fewer jobs, the market is much more competitive. Perhaps the toughest part, though, is that even if you bid a job and don’t win, you still incur costs to compete.

Bidding 149

Bidding Construction Documentation Software 149

Job Order Contracting

JULY 29, 2021

Design-Bid-Build. Traditional design-bid-build (DBB) delivery process with design, bidding, and construction in separate, sequential steps. Construction contract is generally awarded to the lowest bidder and/or lowest qualified builder, who then utilizes the subcontractors included in his or her bid. Advantages.

Design 130

Design Bidding Engineering Construction 130

cnstrctr

OCTOBER 17, 2018

Construction is a cut-throat industry, and making your construction business more profitable can be a challenge. Making more money isn’t rocket science, by following our five tips you’ll be increasing your profits in no time! Understanding your competition is key to making your construction business more profitable.

Profitability 60

Profitability Change Orders Construction Schedule 60

Construction Marketing Ideas

DECEMBER 13, 2015

Some years ago, in addressing how a successful contractor has managed to maintain a profitable business despite needing to compete in “low bid wins the job” open competitions, the contractor opened up to me with an observation: He wins the jobs because they are rigged in advance. And that happened.

Change Orders 48

Change Orders Bidding Contract Contractors 48

Viewpoint Construction Technology

FEBRUARY 19, 2015

Spectrum’s flexible reporting structure allows you to keep real time tabs on every aspect of your businesses such as job profit trends, change order status, over/under billing, responses to bid invitations, and much more.

Software 130

Software Software Construction Change Orders 130

Job Order Contracting

NOVEMBER 17, 2020

Job Order Contracting 2021 is a competitively bid, firm, fixed-price, indefinite quantity contract, and integrated planning, procurement, and project delivery program for as-needed construction services. The UPB reflects Contractors bid an adjustment factor (coefficient) that is applied to all construction tasks listed in the UPB.

Contract 130

Contract Bidding Procurement CSI 130

Construction Business Owner

AUGUST 18, 2011

And that seemed to strike a chord with some of you, so I figured I’d talk more about government jobs, and what you need to be prepared to bid on them. This agreement ensures that a contractor will perform all of the duties they agreed to in the bid they placed, abiding by the terms of that government-sanctioned project. change orders.

Cash Flow 168

Cash Flow Software Software Accounting 168

Construction Business Owner

JANUARY 5, 2012

Evaluate Bidding Strategy. There are fewer projects to bid and what projects are available are being bid by more people. Consequently, the bidding climate is very competitive with some work going to people bidding below cost. change orders. It’s tough out there. Stay Connected. www.dexterchaney.com.

Construction 120

Construction Bidding Software Software 120

Lets Build

FEBRUARY 3, 2023

Free eBook: Quick guide to Lean practices for construction professionals 7 ways to minimise the impacts of construction inflation As inflation continues to affect the construction industry worldwide, we must find ways to counteract it or risk losing our already slim profit margins.

Construction 148

Construction Materials Risk Management 148

Viewpoint Construction Technology

APRIL 4, 2017

Web-based construction software can help you increase estimate accuracy and improve the profitability for the work you gain. Detailed take-offs and bids, referencing historical data and experience, calculating the scope of a project and more in an efficient and consistent manner lessens the risk of incurring a loss on the job.

Software 130

Software Software Construction Project Management 130

Construction Business Owner

APRIL 2, 2011

« Free Webinar on Reducing Profit Fade. For those of you contractors doing government work: relish the competition involved with bidding. change orders. About Us Contact Us Advertise Press Releases Upload Artwork Via FTP -->. Free Subscriptions. Construction Business Owner Magazine. Home » Blogs. January 2009.

Construction 159

Construction Software Software Accounting 159

HardHatChat

MARCH 17, 2015

Interestingly enough, we have found owners for many of the commercial construction projects out-to-bid are looking to work with design-build construction firms. The relationship between a design-build firm and a client is much more of a partnership than the traditional competitive bid process allows for. True partnership.

Design 120

Design Commercial Budgeting Budget 120

Construction Business Owner

JANUARY 5, 2012

It’s often easy to bid on a job, start work, and miscalculate how far along in the project you are versus the amount of money you’ve spent. This year, I encourage you to close the gap between your bids, your projections, and the actual cost of the project. change orders. Close the Budget vs. Actual Gap. January 2009.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

JUNE 19, 2013

We are happy to be able to offer free Invoice templates, free Change Order templates and free estimate templates to construction contractors and other business owners to help them grow their sales and profits and have better lives for their families. Change Orders are a huge source of new profit. Click here.

Profitability 50

Profitability Cash Flow Accounting Construction 50

Contractor Bookkeeping

NOVEMBER 3, 2012

You have what appears to be a high profit job and now you are thinking you have it made and I hope you are right! The most common situation is when a residential remodel contractor who has built a reputation and a substantial company generating profits of 15% or more decides to start building custom homes.

Profitability 50

Profitability Bankruptcy Contractors Remodeling 50

Job Order Contracting

JULY 21, 2019

Procurement costs, project delivery times, overall construction costs, changes orders, and legal disputes can all be mitigated via properly established and managed JOC Programs. How Does Job Order Contracting Work? When Is Job Order Contracting Used? Proof That Job Order Contracting Works.

Contract 138

Contract Management Procurement Change Orders 138

Construction Business Owner

DECEMBER 9, 2011

In fact, project managers should worry about implementing more safe practices because it can affect the way they bid on jobs. The more accidents and safety violations you have on a job, the more the job is going to cost; and the last time I checked you can’t submit a change order just because your team got hurt on the job!

Construction 136

Construction Insurance Software Software 136

Pro Builder

NOVEMBER 29, 2022

How to figure out proper staffing in your purchasing department to balance costs and value with profitability. An understaffed purchasing department won’t have time to properly vet price increases, competitively bid and accurately contract trades, minimize change-order costs , or ensure your next project starts on the right foot.

Change Orders 98

Change Orders Resource Profitability Plans 98

Job Order Contracting

JULY 21, 2019

Procurement costs, project delivery times, overall construction costs, changes orders, and legal disputes can all be mitigated via properly established and managed JOC Programs. Job order contracting is used for planning, procuring, and executing repetitive repair, renovation, maintenance, sustainability, and new construction tasks.

Contract 130

Contract Management Procurement Change Orders 130

Construction Marketing

DECEMBER 19, 2019

Managing a reputation for delivering high-quality projects, keeping your business profitable, your people productive, and your firm growing requires focus, commitment, and understanding. Running a successful construction firm is by no means an easy task. Though there are many things you need to focus on.

Software 215

Software Software Construction ProCore 215

Construction Business Owner

JANUARY 12, 2012

« Simplified Decision Making – Getting People and Processes In Order. The Expensive Process of Bidding » Save Time, Resources – File Electronically. change orders. Construction Business Owner E-Newsletter. -->. Home » Blogs. Needless to say, most accounting departments are rather busy right now.

Construction 136

Construction Software Software Accounting 136

Construction Business Owner

NOVEMBER 17, 2011

With the number of companies bidding on each job increasing and the margins getting smaller, it is imperative that you know the true health of you fleet. This in turn lets the estimators use equipment rates that are spot on when estimating forthcoming work, which helps to get new work, and bring that work in profitably. change orders.

Construction 136

Construction Software Software Equipment 136

Construction Business Owner

FEBRUARY 2, 2012

Jim is a senior consultant with FMI and specializes in building profits by developing tailored operations strategies for his clients. leadership decisions were relatively easy – who to hire, where to grow, which jobs to bid and how much margin to put on them. change orders. January 2009. December 2008. November 2008.

Construction 120

Construction Software Software Accounting 120

Autodesk Construction Cloud

JANUARY 19, 2022

The real problem is that poor cash flow management can be disastrous…impacting your project schedules, profitability, and relationships. Choose projects with profitable estimates. If you know a project won’t make money, there’s a good chance you shouldn’t be bidding on it. Properly manage change orders.

Cash Flow 59

Cash Flow Management Profitability Change Orders 59

Construction Business Owner

NOVEMBER 3, 2011

In addition to providing critical insight to a bid, tender or proposal, the theoretical “buy-in” to the process from the field manager is invaluable. change orders. With backlogs down and work less plentiful, field supervision has come into the office and become an integral part of the estimating process. January 2009.

Construction 120

Construction Software Software Accounting 120

Job Order Contracting

FEBRUARY 20, 2018

A Job Order Contract Execution Guide is a required element for any successful, best management practice JOC Program. The following template is provide for sample purposes only and should not be used a legally bidding document without through review and modification by appropriate Owner legal counsel. of Change Order is required.

Contract 100

Contract Organization Change Orders Overhead 100

Construction Cost Estimating

NOVEMBER 6, 2011

General Contractors know the key to profitability is having accurate estimates for everything from electrical to concrete work. Cost Estimating is a powerful and innovative construction estimating solution; you can create estimates, perform digital takeoffs and manage the bid day process using a single solution. adsense analytic.

Estimating 53

Estimating Contractors Software Software 53

Construction Business Owner

JANUARY 13, 2012

« The Expensive Process of Bidding. change orders. About Us Contact Us Advertise Press Releases Upload Artwork Via FTP -->. Free Subscriptions. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Home » Blogs. Year-End Wake Up Call » “How good do you want to be?”

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

JANUARY 26, 2012

Venture helps you manage your contacts using construction specific criteria, invite potential partners to bid on work, and even prequalify subcontractors, so you create the best team for the job. change orders. From start to finish, it takes a team working together to complete a job. Project Communication. January 2009.

Construction 120

Construction Software Software Documentation 120

Job Order Contracting

JANUARY 4, 2017

Contractor’s percentage has declined 31% since program inception, significantly decreasing the likelihood contractors are able to make a profit. The poorly designed SOWs have resulted in numerous change orders and cost overruns, occurring in 91% of the projects we reviewed during our 17-month audit period. Approximately $1.9

Contract 100

Contract Project Management Consulting Long Beach 100

Autodesk Construction Cloud

DECEMBER 2, 2021

This can affect everything from the bidding process to change order management, your team’s efficiency, and ultimately, your bottom line. Effective cost management sets the standard for all project costs and affects all phases of a project including planning, design, estimation, change orders, and specialty contractors.

Management 52

Management Change Orders Construction Budgeting 52

Construction Marketing Ideas

FEBRUARY 16, 2015

This image goes with a posting: “Bid day is like” — probably describing better than any words the experience on the critical day in the contracting business. This means the material prices, labor hours, equipment requirements, indirect costs, and profit will be based on incorrect information.

Estimating 48

Estimating IDEA Bidding Profitability 48

Autodesk Construction Cloud

OCTOBER 26, 2023

Whether it's a bid submitted, an issue reported, or a new change order approved, you're likely sitting on a goldmine of information that can be used to improve efficiency, reduce costs, and make better decisions. By underutilizing their data potential, construction firms are leaving profits on the table—literally.

Construction 98

Construction Profitability Autodesk Change Orders 98