Contractor Bookkeeping

AUGUST 29, 2014

Cash flow is the lifeblood of any construction company and especially the ones with annual sales volume under $1,000,000. Some construction Company experts even say that a healthy cash flow is more important than your contracting company''s ability to complete projects! Is Cash Flow The Same As Profit?

Cash Flow 49

Cash Flow Management Contract Accounting 49

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. No two projects look the same, and even the best-prepared estimates give contractors and clients only a partial picture of the actual scope of work and the costs involved. Most construction orders begin with a contract.

Cash Flow 52

Cash Flow Contractors Budget Budgeting 52

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.

Cash Flow 59

Cash Flow Management Profitability Change Orders 59

Construction Business Owner

AUGUST 18, 2011

Other common reports bonding agents will look at include income statements, balance sheets, statements of cash flow, and job specific invoice aging reports. Better Project Management through Better Communication. construction management. construction management software. document management.

Cash Flow 168

Cash Flow Software Software Accounting 168

Construction Business Owner

NOVEMBER 3, 2011

For example, you might require project management, but if you do a quick search, you’ll find there are numerous project management solutions that range from simple to complex. Job Cost & Cash Flow. Better Project Management through Better Communication. construction management.

Cash Flow 120

Cash Flow Construction Software Software 120

Job Order Contracting

DECEMBER 13, 2020

Project Management Constraints. P roject Failure – A project becomes a failure when it does not deliver what was required within the agreed-upon budget and time, to the dissatisfaction of one or more participants.No matter how well-planned your project is, lack of visibility can lead quickly to failure.

Project Management 229

Project Management Organization Capterra Management 229

Construction Business Owner

JANUARY 31, 2012

Better Project Management through Better Communication. construction management. construction management software. document management. Management. project collaboration. project management. Public Exposure and Liability on Construction Sites. February 2009. January 2009. December 2008.

Construction 185

Construction Software Software Accounting 185

Viewpoint Construction Technology

FEBRUARY 7, 2019

Each project carries a significant amount of risk including countless safety issues, stringent regulations or contractual obligations, weather delays, lack of qualified labor, subcontractor performance and inconsistent cash flows, just to name a few. Patti Smith, Business Process Manager, Ideal Contracting.

Contractors 204

Contractors Cash Flow Construction Management 204

Viewpoint Construction Technology

FEBRUARY 12, 2019

The main reason construction businesses implement an integrated project management system is for the visibility that they can gain over every aspect of a project. Here’s a list of key reports that you should be able to pull at any moment from your construction project management software: Basic Accounting Reports.

Cash Flow 130

Cash Flow Software Software Accounting 130

Construction Business Owner

SEPTEMBER 27, 2011

Better Project Management through Better Communication. construction management. construction management software. document management. Management. project collaboration. project management. Public Exposure and Liability on Construction Sites. February 2009. January 2009. December 2008.

Construction 180

Construction Software Software Accounting 180

Construction Business Owner

DECEMBER 6, 2011

Better Project Management through Better Communication. construction management. construction management software. document management. Management. project collaboration. project management. Public Exposure and Liability on Construction Sites. February 2009. January 2009. December 2008.

Construction 195

Construction Software Software Accounting 195

Construction Business Owner

NOVEMBER 8, 2011

Better Project Management through Better Communication. construction management. construction management software. document management. Management. project collaboration. project management. Public Exposure and Liability on Construction Sites. February 2009. January 2009. December 2008.

Construction 174

Construction Software Software Accounting 174

Construction Business Owner

AUGUST 30, 2011

Built-in AIA billings, time and material and unit price billings, project management, equipment tracking, service dispatch, scheduling and dashboards for specific performance reporting are just a few of the other perks that construction-specific systems can offer. Better Project Management through Better Communication.

Construction 168

Construction Software Software Accounting 168

Autodesk Construction Cloud

SEPTEMBER 1, 2022

A contract’s a contract, right? There are many construction contract types out there. The construction industry uses different kinds of agreements depending on the project’s scope, delivery, schedule, budget, and the parties involved. The eight types of construction contracts include: cost-plus construction contract.

Contract 98

Contract Maine Construction Agreement 98

Construction Business Owner

APRIL 1, 2011

In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs. Learn how better change order management and forecasting can help prevent profit fade. Better Project Management through Better Communication. construction management. construction management software.

Cash Flow 120

Cash Flow Construction Software Software 120

Contractor Bookkeeping

MAY 5, 2014

In the meantime, service agreement customers are a source of cash flow and are predetermined to call you instead of your competition when repairs are necessary. They may call your contracting company for future work or they may decide to shop the competition and use the information they find to negotiate for a lower price.

Cash Flow 49

Cash Flow Agreement Profitability Contractors 49

Construction Business Owner

JANUARY 18, 2012

Better Project Management through Better Communication. construction management. construction management software. document management. Management. project collaboration. project management. Public Exposure and Liability on Construction Sites. February 2009. January 2009. December 2008.

Construction 168

Construction Software Software Accounting 168

Construction Business Owner

APRIL 2, 2011

In our business we fight tooth and nail to stay competitive and win contracts. Better Project Management through Better Communication. construction management. construction management software. document management. Management. project collaboration. project management. Great post.

Construction 159

Construction Software Software Accounting 159

Construction Business Owner

JANUARY 10, 2012

Better Project Management through Better Communication. construction management. construction management software. document management. Management. project collaboration. project management. Public Exposure and Liability on Construction Sites. February 2009. January 2009. December 2008.

Construction 174

Construction Software Software Accounting 174

Fieldwire

AUGUST 14, 2023

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. It’s fairly common, especially on commercial and public construction projects, and typically ranges from 5 - 10% of the total contract price.

Contractors 98

Contractors Cash Flow Lien Negotiation 98

Construction Business Owner

MARCH 1, 2012

Collaborating on Cash flow » The Year of Mobile Technology? Better Project Management through Better Communication. construction management. construction management software. document management. Management. project collaboration. project management. February 2009.

Mobility 120

Mobility Cash Flow Construction Software 120

Construction Business Owner

JUNE 29, 2012

Public Exposure and Liability on Construction Sites » Better Project Management through Better Communication. Last week, I discussed three important areas of project management and ended by briefly discussing project communication – or the glue to a project. construction management. Management.

Construction 136

Construction Documentation Software Software 136

Construction Business Owner

NOVEMBER 22, 2011

Better Project Management through Better Communication. construction management. construction management software. document management. Management. project collaboration. project management. Public Exposure and Liability on Construction Sites. February 2009. January 2009. December 2008.

Construction 159

Construction Software Software Accounting 159

Construction Business Owner

DECEMBER 20, 2011

Better Project Management through Better Communication. construction management. construction management software. document management. Management. project collaboration. project management. Public Exposure and Liability on Construction Sites. February 2009. January 2009. December 2008.

Software 120

Software Software Construction Accounting 120

Viewpoint Construction Technology

JULY 5, 2018

Internally, Southern Botanical was also looking for greater revenue cycle efficiency and more consistent cash flow. To provide a solution, Southern Botanical created a secure customer payment portal that syncs data from Vista to provide accurate data management and reporting. The company’s results were amazing.

Viewpoint 200

Viewpoint Innovation Subcontracting San Francisco 200

Building Radar

AUGUST 11, 2024

Retainage is a significant element of contract management. Understanding what retainage is, how it functions, and its implications can greatly influence how contractors and clients navigate their contracts. Typically, retainage is a percentage of the total contract price. What is Retainage?

Contract 52

Contract Cash Flow Construction Regulation 52

Construction Business Owner

OCTOBER 20, 2011

Not too long ago, or so it seems, we were more than ecstatic at the idea of being able to call our project managers in the field on mobile phones. We all know that, projects change constantly, which means your workers and your office need to be equipped with the most up-to-date information. construction management.

Construction 136

Construction Software Software Project Management 136

Construction Business Owner

APRIL 26, 2012

Know the Contract and Budget. Before work begins, understand fully what you’ve contracted to do by carefully reviewing the contract at hand. Legal language is often unclear, resulting in differences in interpretations that can disrupt and delay projects, increasing costs. Was your initial estimate off?

Change Orders 120

Change Orders Construction Profitability Software 120

Construction Business Owner

OCTOBER 26, 2011

Better Project Management through Better Communication. construction management. construction management software. document management. Management. project collaboration. project management. Public Exposure and Liability on Construction Sites. February 2009. January 2009. December 2008.

Construction 159

Construction Software Software Bidding 159

Construction Business Owner

MAY 29, 2012

Better Project Management through Better Communication. construction management. construction management software. document management. Management. project collaboration. project management. Attendees can register for the free webinar at www.constructionbusinessowner.com. February 2009.

Construction 120

Construction Software Software Cash Flow 120

Construction Business Owner

MAY 31, 2011

Better Project Management through Better Communication. construction management. construction management software. document management. Management. project collaboration. project management. Public Exposure and Liability on Construction Sites. February 2009. January 2009. December 2008.

Construction 149

Construction Software Software Accounting 149

Construction Business Owner

OCTOBER 14, 2011

He replied, “Well, that depends on the project manager.”. While it’s understandable that every project manager has a different way of managing, the reality is that change orders don’t have room for personal style. Better Project Management through Better Communication. construction management.

Change Orders 120

Change Orders Construction Software Software 120

Construction Business Owner

FEBRUARY 17, 2011

Today, new software applications – in job cost accounting, project management, estimating, etc. Better Project Management through Better Communication. construction management. construction management software. document management. Management. project collaboration. project management.

Construction 149

Construction Software Software Accounting 149

Construction Business Owner

FEBRUARY 16, 2012

When you approach your chosen lender(s), be open about your financial situation, including any typically slow work and cash-flow periods. Better Project Management through Better Communication. construction management. construction management software. document management. Management.

Banking 120

Banking Construction Cash Flow Finance 120

Construction Business Owner

JANUARY 12, 2012

Better Project Management through Better Communication. construction management. construction management software. document management. Management. project collaboration. project management. Public Exposure and Liability on Construction Sites. February 2009. January 2009. December 2008.

Construction 136

Construction Software Software Accounting 136

Construction Business Owner

SEPTEMBER 28, 2011

Better Project Management through Better Communication. construction management. construction management software. document management. Management. project collaboration. project management. Public Exposure and Liability on Construction Sites. February 2009. January 2009. December 2008.

Construction 120

Construction Software Software Cash Flow 120

Construction Business Owner

MAY 17, 2011

Better Project Management through Better Communication. construction management. construction management software. document management. Management. project collaboration. project management. Public Exposure and Liability on Construction Sites. February 2009. January 2009. December 2008.

Construction 149

Construction Software Software Accounting 149