PSMJ Resources

JULY 10, 2013

With an uncertain economic climate, the emphasis on solid contract terms is increasingly vital to a firm''s financial success. Most clients are demanding more work for lower fees, and firms that do not reexamine the terms of their contracts usually find themselves without enough income to break even, let alone make a profit.

Profitability 43

Profitability Contract Negotiation Debt 43

Levelset

JULY 22, 2022

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. New businesses can leverage technology, automation, and lower overhead costs to compete with existing businesses. Keep the cash flowing like water down a valley. Review your cash flow regularly.

Cash Flow 52

Cash Flow Overhead Accounting Profitability 52

Levelset

JULY 18, 2022

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Keep the cash flowing through your financial pipes. Here’s a little-known fact about growing a plumbing business: It can be incredibly cash-hungry. Review your cash flow regularly.

Cash Flow 52

Cash Flow Accounting Profitability Legal 52

Levelset

JULY 19, 2022

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. 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. Review your cash flow regularly.

Cash Flow 52

Cash Flow Accounting Profitability Residential 52

Levelset

JULY 15, 2022

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Keep the cash flowing like current on a hot line. Here’s a little-known fact about growing an electrical business: It can be incredibly cash-hungry. You need to be a master of your cash flow.

Electrical 52

Electrical Cash Flow Accounting Profitability 52

Construction Business Owner

OCTOBER 14, 2011

All of a company’s overhead – office, management, and other costs – need to be rolled into the pricing. Change orders cost a company more than labor and materials. But the biggest exposure a contractor faces is rejection. August 2012. April 2012. March 2012. February 2012. January 2012. February 2009. January 2009. December 2008. August 2008.

Change Orders 120

Change Orders Construction Software Software 120

Contractor Bookkeeping

JUNE 20, 2013

Month 1: Materials, labor and G&A expenses are paid by the contractor but only part of the contract amount (draws) has been collected to offset the expenses. Month 2: Labor, materials, G&A (overhead) are expensed by the contractor for Month 2, but no payments (draws) are still behind the job costs for Month 2.

Profitability 52

Profitability Income Cash Flow Accounting 52

ProcurementExpress.com

FEBRUARY 11, 2019

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. There are several things teams need to keep track of at once, from milestones to budgets, ordering, and contracts. What are the overhead costs? Often, contracts lapse and are renewed at the final hour.

Procurement 63

Procurement Plans Construction Budgeting 63

Autodesk Construction Cloud

AUGUST 12, 2021

This includes tracking revenue, job costing, payroll, and managing several contracts and project risks simultaneously. Unique Project- and Contract-Based Milestones. Another consideration for construction accounting is long-term contracts. Let’s look at what makes construction accounting different from most other businesses. .

Accounting 52

Accounting Software Software FASB 52

Contractor Bookkeeping

APRIL 1, 2014

We serve owners of small contracting companies with annual sales between $0-$5 million. We show you how to remove unique cash flow bottlenecks which are common in contractors bookkeeping, that results in more money in the bank, reduced overhead and lowers their stress level.

Accounting 50

Accounting Contractors Project Management Cash Flow 50

Construction Cost Estimating

JUNE 22, 2010

There are many factors like size and degree of difficulty of the structure, site and weather conditions, material and contractor accessibility, crew sizes, effective scheduling and communication, the number, timeliness, and complexity of the changes to the original contract etc.

Schedule 40

Schedule Cash Flow Construction Liability 40

Rory Woolsey

FEBRUARY 28, 2012

Knowing where the key project metrics such as time , costs, resources , and cash flow are relative to a datum (the project plan). A poor plan for time, costs, resources and cash flow is sometimes worse than no plan. Time schedules, resource schedules and cash flow plans all come from a well thought out cost estimate.

Estimating 40

Estimating Cash Flow Budgeting Budget 40

Contractor Bookkeeping

MAY 2, 2013

Part of the root cause can be traced to a mild case of "Stockholm Syndrome" where contractors feel their cash flow may be held captive by their customers or clients. If a contract states, “I will pay you $X to do Y scope of work", your customer cannot force you to do more and you cannot do less than agreed. I Have An Idea.

Change Orders 49

Change Orders Contractors Cash Flow Profitability 49

ProcurementExpress.com

FEBRUARY 11, 2019

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. There are several things teams need to keep track of at once, from milestones to budgets, ordering, and contracts. What are the overhead costs? Often, contracts lapse and are renewed at the final hour.

Procurement 52

Procurement Plans Construction Budgeting 52

Levelset

AUGUST 17, 2022

Where direct labor is the percentage of salaries that are spent on billable work (rather than overhead time). Related: An architecture firm’s guide to cash flow. Utilization rate is a measure of the percentage of hours spent on billable projects versus overhead or administrative work. Utilization rate.

Profitability 52

Profitability Lien Overhead Cash Flow 52

Construction Cost Estimating

APRIL 25, 2019

As soon as the project is procured, estimate details flow automatically into Sage business management software, removing unnecessary tasks and data entry errors. Sage Estimating also facilitates forecasting the labor, raw material and other overhead costs so that the contractors can arrange & deliver correct bids.

Bidding 40

Bidding Estimating Software Software 40

PSMJ Resources

JULY 27, 2012

We have had a flurry of contracts signed, but most are for work that had been previously delayed. [It’s] It’s] nice to have more cash flow, but still not very promising long term. 11 Ways to Cut Overhead. There was some momentum in March and April, but that has dimini shed. ► October. (3). ► May.

Resource 43

Resource Architecture Cash Flow Employment 43

Pro Builder

JANUARY 11, 2021

It’s a good way to generate cash flow and to target the 40% of the country they weren’t able to reach otherwise,” he says. My focus when I started ResiBuilt was to be a very efficient, high-quality builder,” says Byce, albeit without the overhead burden of a salesforce.

Phoenix 105

Phoenix Leases Housing Las Vegas 105

Pro Builder

JANUARY 31, 2023

It’s important to work on reducing cycle times , as this affects cash flow, capital requirements, indirect construction costs, financing expenses, general and administrative expenses, and, ultimately, profits. Manage overhead. The October PPI increase was 8%, with a 17.3% increase for all inputs for residential construction.

Inventory 98

Inventory Housing Profitability Cash Flow 98

Contractor Bookkeeping

MARCH 25, 2014

Having an established bank line-of-credit generally provides sureties with this comfort; References – Sureties typically want letters of recommendation from subcontractors, owners, architects, and engineers on your completed projects. Surety companies have different standards for the preparation of financial statements.

Cash Flow 53

Cash Flow Accounting Profitability Work in Progress 53

Contractor Bookkeeping

MARCH 9, 2013

Verifying the signed contract is in place. Separate direct and indirect job costs from overhead. Change orders were done but not invoiced and paid which hurts cash flow and profits. Tax returns filed late or not at which adds penalties and fines which hurts cash flow.

Contractors 49

Contractors Cash Flow Banking Change Orders 49