Construction Business Owner

OCTOBER 26, 2011

Accounting & Finance. I know a lot of contractors are getting into bidding season, and this got me thinking about communication. Communication is an important element throughout any construction project, but given the time of year, I thought I’d focus on the communication difficulties faced during the bidding process.

Construction 159

Construction Software Software Bidding 159

Constructonomics

NOVEMBER 30, 2009

So with all kinds of juicy gossip flying around the web these days, I’m going to give you some more with the public bid results for the remodel of the BerksCounty Library and Coroners office in Leesport, PA. The winning bid was a good 30% below the number I submitted. In fact, I was blown out of the water. Tell Your Friends.

Bidding 102

Bidding News Remodeling Contractors 102

Construction Business Owner

JANUARY 5, 2012

Accounting & Finance. 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. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |.

Construction 120

Construction Bidding Software Software 120

Carol Hagen

FEBRUARY 18, 2013

If integration is important, and you really want to avoid silos between finance, estimating and operations you’ll want to look at Corecon. Estimating, Bid Requests, Preconstruction, Purchasing, Safety, Submittals, Correspondence, Progress Billings, etc. It’s all done for you. It’s all there.

CoreCon 141

CoreCon Management Software Software 141

Levelset

MARCH 12, 2025

There are three main ways contractors can effectively deal with construction cost increases: financing building material purchases, adding a margin to their estimates, or including an escalation clause in the contract. Without an escalation clause, contractors will raise their bids to cover potential price increases.

Risk 40

Risk Lien Construction Contract 40

Levelset

FEBRUARY 3, 2023

One of the most significant challenges during that time was the lack of financing for commercial construction companies. That’s why we’ve built Materials Financing to empower you to buy materials now and pay for them later with up to 120-day payment terms.

Finance 52

Finance Cash Flow Materials Security 52

Construction Business Owner

AUGUST 18, 2011

Accounting & Finance. 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 substantially increases your ability to get bonded and opens the door to bidding on prevailing wage jobs. MANAGEMENT |. ACCOUNTING |. SOFTWARE |.

Cash Flow 168

Cash Flow Software Software Accounting 168

Autodesk Construction Cloud

OCTOBER 6, 2022

By monitoring and managing your working capital and cash flow, you’ll know with confidence if you have the ability to bid on and complete new projects, while being prepared to afford labor, materials , and general expenses knowing it could be 60 to 90 days before you see payment. Why Get Financing with Billd?

Cash Flow 98

Cash Flow Autodesk Finance Construction 98

Pro Builder

AUGUST 3, 2022

Rising mortgage rates, bidding wars, and large numbers of investors recall the build up before the Great Recession in the early 2000s. Housing Policy + Finance. Housing Policy + Finance. Inflation is increasing, the economy slumping, and many are worried that the U.S. is headed for another recession. Housing Markets. Financials.

Housing 98

Housing Finance Statistics Bidding 98

Levelset

SEPTEMBER 30, 2022

Many contractors feel using their personal accounts is the only way to get the cash they need to help their business and start bidding on jobs. Use Materials Financing to keep money in your pocket and not pour all your cash into upfront materials. Bid on projects in your wheelhouse so you can work efficiently.

Cash Flow 52

Cash Flow Banking Finance Bidding 52

Lets Build

APRIL 15, 2020

Additionally, the basics and essentials of budgeting, finance, organisation, scheduling, conflicts, and legal issues are also covered by the project manager. Construction project management is not one thing — a project manager in construction has to be knowledgeable in finance, mediation, law, and other disciplines. The process.

Project Management 148

Project Management Management Construction Feasibility 148

Job Order Contracting

FEBRUARY 19, 2018

PROCUREMENT AND FINANCE – Job Order Contracting – California Community College Districts. The act excludes any architect, engineer, or consultant retained by the school district to assist in the development of the job order contract documents from participation in the preparation of a bid with any job order contractor.

Contract 100

Contract California Agreement Bidding 100

ENR Construction

SEPTEMBER 26, 2021

Massachusetts gains new proposals in latest bid round for 1,600 MW of added capacity, while state's first facility closes on $2.3B of construction finance and feds expand development off New York.

Massachusetts 70

Massachusetts New York California Finance 70

Construction Law Monitor

AUGUST 2, 2011

For all you Louisiana public works contractors out there bidding for public works projects to expand your private business or bidding for public works projects because that’s what you’ve always done – whatever the case may be – the 4th Circuit Court of Appeals is on your side. delayed financing], this fact shall be mentioned.”

Louisiana 44

Louisiana Bidding Contractors Finance 44

Contractor Bookkeeping

JANUARY 11, 2019

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.

Cash Flow 62

Cash Flow Finance Contractors Contract 62

ENR Construction

AUGUST 7, 2012

Team Members Left Hanging on Bid for Tappan Zee Bridge Project. Description: One of the four teams contending for the estimated $5-billion Tappan Zee Bridge replacement project in New York State chose not to submit a bid at the last moment. Rebuilding Japan. Gulf Oil Spill. Building Types. Construction Methods. Sustainability.

Bidding 54

Bidding New York FAQ News 54

ENR Construction

SEPTEMBER 26, 2021

Massachusetts gains new proposals in third bid round for 1,600 MW of added capacity, while state's first project closes on $2.3B of construction finance and feds expand development off New York.

Massachusetts 66

Massachusetts New York California Finance 66

Pro Builder

FEBRUARY 12, 2021

Bidding Wars Are Top Reason Active Buyers Remain Unsuccessful. cbroderick. Fri, 02/12/2021 - 09:00. Nearly 70% of active buyers still searching for a home last quarter have spent up to three months on the hunt, with most blaming getting outbid. Read More. . Market Data + Trends. Market Data + Trends.

Bidding 52

Bidding Finance Housing 52

Job Order Contracting

JANUARY 31, 2022

Integrate achieving asset management objectives into other organizational-planning activities including finances, human resources, and other support functions.

Organization 264

Organization Documentation Management Plans 264

Constructonomics

OCTOBER 3, 2010

Unfortunately, new contractors are often unfamiliar with the bonding process, which includes undergoing finance and credit checks, providing upfront collateral, and paying issuance fees. Some jurisdictions also require the use of bid bonds to guarantee that a bidding contractor will enter into a project contract if selected by the owner.

Contractors 140

Contractors Regulation Insurance Claims 140

Pro Builder

AUGUST 29, 2022

More robust housing demand relative to available inventory has resulted in increased competition for each home, meaning buyers who win a competitive bid are likely to be more financially stable. Financing. This has all contributed to a more secure mortgage landscape. .

Finance 98

Finance Risk Housing Inventory 98

Contractor Bookkeeping

JULY 9, 2019

Estimating and submitting bids are one of the most stressful and nerve-wracking sides of your construction business. With poor bookkeeping, misguided judgment, and clerical errors come bad decisions on what projects to bid and not to bid on until eventually, you'll run out of time and money.

Bidding 51

Bidding Contractors Profitability Accounting 51

Green Building Law Update

DECEMBER 8, 2019

Existing State Finance and Procurement Code Section 4-809(f) was amended adding new section (6), providing in relevant part, the Maryland Green Building Council shall: “(6) develop guidelines for new public school buildings to achieve the equivalent of the current version of the U.S. But no longer.

Maryland 240

Maryland Green Guidelines Certification 240

Levelset

JULY 25, 2022

Because payment for construction jobs may be weeks or months after work is already completed, companies must manage their finances carefully to maintain cash reserves for taking on new jobs. In certain situations, a company’s best option is to employ debt capital to finance certain expenditures, which helps keep working capital intact.

Debt 97

Debt Cash Flow Equity Finance 97

HardHatChat

NOVEMBER 30, 2011

We’ve compiled the list below based on conversations with clients and fellow commercial construction experts, upcoming bid work, economic projections and observations in the field. We have been approached a couple of times to become an equity partner in a project in order to win that construction job.

Commercial 179

Commercial Retail Chicago Construction 179

Pro Builder

SEPTEMBER 14, 2022

Would-be homebuyers who have decided to wait for mortgage rates to fall so they can afford to leap back into the market should realize that waiting isn’t going to help — they would just be swapping their too-expensive financing problem for a bidding-war pricing problem as the number of houses for sale shrinks.

Inventory 98

Inventory Housing Washington Finance 98

Levelset

MARCH 29, 2022

Contractors must manage costs while staying competitive with other contractors bidding for the same work. There are three main ways contractors can effectively deal with construction cost increases: financing building material purchases, adding a margin to their estimates, or including an escalation clause in the contract.

Deals 98

Deals Contractors Cash Flow Construction 98

Pro Builder

JUNE 17, 2021

The decision comes down to finances and quality of life, says Realtor.com’s senior economist. That’s likely because it’s hard enough finding a home at a right price range, winning the bidding war, and having an offer accepted. With fewer workers headed to the office on a daily basis, homeowners are less concerned about commute times.

Remodeling 98

Remodeling Finance Office Bidding 98

Construction Business Owner

JANUARY 5, 2012

Accounting & Finance. 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. MANAGEMENT |. ACCOUNTING |. SOFTWARE |.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

APRIL 26, 2012

Accounting & Finance. Meet with them before every project to discuss not only the contractual provisions for scope of work and change orders, but also what you bid and why. The profit you calculate when bidding a job can fluctuate dramatically as work progresses. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |.

Change Orders 120

Change Orders Construction Profitability Software 120

HardHatChat

JUNE 21, 2012

Even in situations where the stars seemed to be aligning–a property is available, a tenant is secure, and financing is achievable–the numbers can quell the deal. Construction Bids. Of course, sometimes pre-construction services can work against you. Commercial Construction Costs. Commercial Construction News. Commercial Remodeling.

Retail 216

Retail Commercial Chicago Leases 216

Levelset

JULY 11, 2022

Bidding on better jobs necessitates a business model that prioritizes growth and provides the ability to scale quickly. Bid bigger. The lowest bids aren’t always the best ones. Before bidding on a potential project, research is vital. Learn more about the high cost of low bids in this helpful article. . Learn More.

Cash Flow 52

Cash Flow Bidding Finance Materials 52

Job Order Contracting

FEBRUARY 16, 2017

Alternative Construction Delivery Methods provide significant benefits to traditional Design/Bid/Build, and are the first step toward change management and improved construction outcomes. The contractor bids projects using a unit price book, UPB, that defined specific tasks. Top 5 Alternative Construction Delivery Methods.

Construction 100

Construction Risk Bidding Renovating 100

Construction Marketing

MAY 27, 2024

One of the most prominent in the world of marketing has to be the evolution of esports, and industries like construction , finance, and other traditional businesses should take a leaf out of the esports’ book!

Construction 156

Construction Industrial IDEA Defense 156

Building Radar

NOVEMBER 5, 2024

According to Corporate Finance Institute , first movers can secure customer loyalty, establish brand recognition, and even set industry standards. The Importance of Timing in Construction Sales Timing is critical in construction sales, where early engagement can significantly impact the outcome of a project bid.

Security 52

Security Construction Contract Innovation 52

Construction Business Owner

APRIL 2, 2011

Accounting & Finance. For those of you contractors doing government work: relish the competition involved with bidding. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Software & Technology. Construction Law. People Management. Green Building. Construction Safety. Sales/Marketing.

Construction 159

Construction Software Software Accounting 159

Pro Builder

MARCH 8, 2023

Buyers had returned to the market, and bidding wars had heated up again. There are probably going to be fewer buyers in the market, and the buyers who are in the market probably won’t be able to bid as high as they would have over the last few years.” Read more Financing Housing Policy + Finance Housing Policy + Finance

Finance 52

Finance Bidding Inventory Housing 52