Construction Business Owner

MARCH 1, 2012

Industry News. Industry Statistics. Data Security in the Cloud » Collaborating on Cash flow. The topic of cash flow never seems to get old – after all, sustained negative cash flow often results in slashing budgets, personnel, and in the worst cases shutting down of a company.

Cash Flow 120

Cash Flow Construction Software Software 120

Construction Business Owner

JANUARY 15, 2024

Central Construction business finances are complex, with multiple budgets for different job sites, lots of employees who need corporate cards, and complex systems to calculate cash flow. Chris began his career in the music industry after graduating from the Berklee College of Music in Boston, MA.

Cash Flow 156

Cash Flow Nashville Construction Finance 156

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. Approvers receive notifications any time a requisition comes in, and they can check that PO against what’s still available in the budget. Speed Up Receivables. Look, all invoices must be automated and sent out ASAP.

Cash Flow 52

Cash Flow Contractors Budget Budgeting 52

Autodesk Construction Cloud

AUGUST 11, 2021

For any business, having enough operational cash on hand is critical. Without being able to accurately forecast cash flow, making important decisions about the future of your firm or projects is a risky venture at best. Cash Flow Forecasting with Autodesk Construction Cloud. Project Level Cash Flow Analysis.

Cash Flow 52

Cash Flow Forecasting Autodesk Construction 52

Construction Business Owner

OCTOBER 26, 2011

Industry News. Industry Statistics. While there are numerous reasons to change software applications, there are two that regularly come up in our discussions with prospective clients: cash flow control and project cost control. Back to Cash Flow. Equipment Management. Resource Center. Ask the Expert.

Cash Flow 120

Cash Flow Construction Software Software 120

Autodesk Construction Cloud

JANUARY 19, 2022

Cash flow can make or break any business, especially in the construction industry. To successfully grow, construction firms need to effectively manage cash flow to procure materials, pay vendors and salaries, fund new projects, and finance other day-to-day business operations. Properly manage change orders.

Cash Flow 59

Cash Flow Management Profitability Change Orders 59

Viewpoint Construction Technology

APRIL 2, 2019

As uncertainty lurks in the future of construction industry spending , contractors have placed a focus on technology transformation as a key differentiator moving forward. With most industries advancing technologies at breakneck pace, those still resisting might find themselves at a competitive disadvantage to their peers that do modernize.

Construction 237

Construction Software Software Viewpoint 237

Viewpoint Construction Technology

OCTOBER 23, 2018

Data analytics and business intelligence have become hot topics in construction as firms are seeing the benefits other industries are realizing. The industry as a whole is looking for ways to help contractors get smart about data. And true data analytics is more than just tracking traditional job costs and cash flow.

Construction 241

Construction Software Software Cash Flow 241

Lets Build

APRIL 20, 2020

Construction schedule delays are a common problem within the industry and for a very good reason. As reported by McKinsey and Company, an average project in construction is expected to experience a minimum 20-month delay and an 80% budget overrun. Cash flow problems. Extra cost for materials and storage. Legal disputes.

Schedule 206

Schedule Construction Cash Flow Budgeting 206

Levelset

MARCH 11, 2022

It’s time to re-educate the construction industry and reframe the “low bid wins” philosophy. Owners perceive these industries as highly-skilled experts essential to the success of their project. A low-bid strategy causes death by a thousand cuts to a project’s budget.”. Low Bidding Impacts Contractor Cash Flow.

Bidding 98

Bidding Cash Flow Contractors Procurement 98

Construction Business Owner

NOVEMBER 3, 2011

Industry News. Industry Statistics. Job Cost & Cash Flow. So it makes sense that any software you consider should offer comprehensive job cost and cash flow solutions. Tags: cash flow , Construction Software , document management , job cost , reporting. Equipment Management. Ask the Expert.

Cash Flow 120

Cash Flow Construction Software Software 120

Levelset

JUNE 21, 2022

Also, the Air Conditioning Contractors of America estimate 13% job growth by 2030, outpacing the average across all industries. So read on to learn about strategies for cash flow, sales, finance, marketing, operations, staff, and leadership. Manage your cash flow as well as you handle air flow.

Cash Flow 98

Cash Flow Accounting Profitability Residential 98

Lets Build

DECEMBER 2, 2022

It’s a curious paradox that few industries are as tightly regulated and controlled as the construction sector, yet at the same time, few industries are as vulnerable to unexpected events. If it’s a new situation, it may be necessary to devise workarounds to issues as diverse as legal risks, worker training, or cash flow concerns.

Management 156

Management Construction Risk Cash Flow 156

Lets Build

FEBRUARY 23, 2017

Starting a company within the construction industry is certainly a huge challenge. Insufficient capital : Now that you are sure that you want to proceed with putting together your own business, you want to focus on your cash flow. 10 Reasons Construction Companies Go Out of Business.

Cash Flow 132

Cash Flow Construction Plans Estimating 132

Construction Business Owner

JANUARY 5, 2012

Industry News. Industry Statistics. Close the Budget vs. Actual Gap. The current state of the construction industry may seem dismal for some, but the fact is, the industry will rebound. Tags: budget vs. actual , construction management , field technology. Equipment Management. Resource Center. Publications.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

APRIL 26, 2012

Industry News. Industry Statistics. Know the Contract and Budget. If your managers don’t know how much you allocated for materials, and how you arrived at that number, they can’t reasonably be expected to meet your budget. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert.

Change Orders 120

Change Orders Construction Profitability Software 120

Construction Business Owner

NOVEMBER 17, 2011

Industry News. Industry Statistics. At Dexter + Chaney , we’ve been spending some time talking with Dr. Mike Vorster, probably the leading construction equipment thinker in the industry, and who we have teamed up with to provide our customers with a world class equipment management system. cost of owning) budget.

Construction 136

Construction Software Software Equipment 136

Contractor Bookkeeping

JANUARY 20, 2023

Many entrepreneurs use creative thinking and shrewd planning to get businesses off the ground with the smallest budgets. Freelancers in all industries deal with the same problems due to the nature of their work. Here are the things you need to consider (especially when you are on a limited budget) to keep it running.

Budget 106

Budget Budgeting Banking Construction 106

Lets Build

JUNE 23, 2023

If you can analyse the performance of everyone on the jobsite, you can make changes on the fly to keep your project on time, on budget, and within scope. Cash flow Cash isn’t king – cash flow is.

Profitability 78

Profitability Cash Flow Products Construction 78

Lets Build

JUNE 23, 2023

If you can analyse the performance of everyone on the jobsite, you can make changes on the fly to keep your project on time, on budget, and within scope. Cash flow Cash isn’t king – cash flow is.

Profitability 78

Profitability Cash Flow Products Construction 78

Job Order Contracting

DECEMBER 13, 2020

85%+of all projects are over budget (just 31% of all projects came within 10% of the budget in the past 3 years – KPMG) 52% of rework is caused by poor project data and miscommunication (2018 Industry Report – Construction Disconnected, FMI). 40-50% work is either rework or not “value-added work.” CHANGE MANAGEMENT.

Project Management 229

Project Management Organization Capterra Management 229

Construction Business Owner

MARCH 6, 2011

Industry News. Industry Statistics. While I found parts of it a bit elongated, it was a fascinating story that showed the inner workings of the group charged with reorganizing an industry that is near to me having been a born and raised Michigander. Equipment Management. Resource Center. Equipment and Services Directory.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

FEBRUARY 2, 2012

Industry News. Industry Statistics. Moneyball is a film based on the true story of Oakland A’s general manager Billy Beane’s successful attempt to put together a baseball team on a tight budget. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect. Auction Calendar.

Construction 120

Construction Software Software Accounting 120

Buisness Facilities Contributed Content

JULY 1, 2013

With equipment finance, there’s no jumping through the same hoops as with commercial and industrial loans. Equipment finance is a $725 billion industry in the United States, and it is easy to find industry participants who customize their service offerings by end user industry, equipment type, ticket size or end user business size.

Finance 63

Finance Equipment Cash Flow Leases 63

Contractor Bookkeeping

FEBRUARY 4, 2022

As your business grows–or as you look to take a minor role in your construction company–you may find the industry has become over-reliant on you, which makes it difficult for you to take a step back. Consider this before retreating and delegating: Marketing - never sells more than Production can provide; on-time and on-budget.

Accounting 106

Accounting Construction Profitability Budget 106

Construction Business Owner

JANUARY 30, 2011

Industry News. Industry Statistics. One part of our industry that I simply cannot get my head around is the oftentimes adversarial relationship that exists between the building design professionals and the building contractors on a particular job. Both industries compliment each other very well. Equipment Management.

Contractors 120

Contractors Design Software Software 120

Levelset

JULY 11, 2022

There is no shortage of work in the construction industry right now. Delayed payment is felt by nearly 90% of contractors, according to Levelset’s 2021 Construction Cash Flow & Payment Report. Slow payment has become acceptable in the industry, but this norm does not benefit business growth or bigger bids.

Cash Flow 52

Cash Flow Bidding Finance Materials 52

Construction Business Owner

SEPTEMBER 1, 2022

To avoid this, you should abide by all industry standards for storing construction materials, especially if you do business in a harsh climate. Fortunately, there are a variety of systems and solutions that help address the disconnects that have long plagued the industry. Construction inventory is expensive. About Sortly.

Inventory 226

Inventory Resource Construction Materials 226

Construction Business Owner

FEBRUARY 23, 2012

Industry News. Industry Statistics. For example, banks and other financial institutions put in stronger measures than many other industries. Most providers can create a plan to meet your needs, not to mention budget. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect.

Security 120

Security Construction Software Software 120

Autodesk Construction Cloud

MARCH 7, 2022

The plumbing contracting industry continues to grow at a promising rate. As specialty contractors, plumbing contractors bring a specialized skill set, industry-specific processes, and unique workflows to every project. The industry landscape looks different than in years past. Plumbing Contracting in 2022 and Beyond.

Contractors 98

Contractors Innovation Bidding Resource 98

Building Radar

NOVEMBER 11, 2024

Capitalizing construction loan interest can have significant implications for project budgets, cash flow, and tax deductions. Additionally, industry experts suggest that this practice supports more accurate financial statements, enabling better decision-making.

Cash Flow 52

Cash Flow Construction Guidelines Profitability 52

Construction Business Owner

SEPTEMBER 13, 2011

Industry News. Industry Statistics. The bigger the company, the more important it is to have a solution that can forecast and budget for the future. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect. Forms and Checklists. Seminars and Tradeshows. Product Spotlight.

Construction 120

Construction Software Software Accounting 120

Buisness Facilities Contributed Content

JUNE 17, 2013

And federal, state and local governments in budget-constrained times would save more than $8 billion annually, equivalent to funding the National Science Foundation or nearly all of the annual budget for the U.S. Environmental Protection Agency. To download the report, click this link.

Commercial 60

Commercial Cash Flow Budgeting Budget 60

Lets Build

AUGUST 4, 2023

In today’s construction industry, the success of your projects hinges on investing in the right digital and technological solutions. Proper budgeting Budgeting requires the most attention to ensure on-budget projects. Poor budgets can lead to delays or even incomplete projects.

Software 78

Software Software Construction Budget 78

Lets Build

AUGUST 4, 2023

In today’s construction industry, the success of your projects hinges on investing in the right digital and technological solutions. Proper budgeting Budgeting requires the most attention to ensure on-budget projects. Poor budgets can lead to delays or even incomplete projects.

Software 78

Software Software Construction Budget 78

Autodesk Construction Cloud

JULY 7, 2022

Unlike industry behemoths, smaller players can move faster and be more nimble because there’s not a lot of corporate red tape. . Their teams and budgets are leaner, so every investment must be carefully considered—particularly when it comes to tools like construction management software. . Cash Flow Issues.

Software 105

Software Software Management Construction 105

Constructlaw

SEPTEMBER 10, 2020

Well, for the construction industry, it may never return to “normal.” COVID-19 may have permanently changed the landscape of the construction industry in many ways. Here are just a few issues that the pandemic has brought to the forefront of our industry. When is it going to return to “normal”?

Industrial 52

Industrial Union Contract Claims 52