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This article outlines three important documents that you’ll need in order to start and run a profitable business. Insurance is perhaps the most important thing to arrange before starting a construction company. There are many different types of insurance in the United Kingdom. Legal Documents. Business Plan.
INSURANCE |. Data Security in the Cloud » Collaborating on Cashflow. The topic of cashflow never seems to get old – after all, sustained negative cashflow often results in slashing budgets, personnel, and in the worst cases shutting down of a company. STRATEGY |. MANAGEMENT |. ACCOUNTING |.
INSURANCE |. In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. Other common reports bonding agents will look at include income statements, balance sheets, statements of cashflow, and job specific invoice aging reports. STRATEGY |.
INSURANCE |. Job Cost & CashFlow. So it makes sense that any software you consider should offer comprehensive job cost and cashflow solutions. Integrated Document Management. You should be able to search the text of the documents, not just the file names. document management. STRATEGY |.
INSURANCE |. While there are numerous reasons to change software applications, there are two that regularly come up in our discussions with prospective clients: cashflow control and project cost control. Back to CashFlow. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |.
INSURANCE |. Document Management. With the current levels of detail required by industry standards, code compliance and also by the different disciplines, the number of documents required for a project is huge. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Accounting & Finance.
INSURANCE |. Keeping documents as electronic files reduces paper waste and clutter in your office because you can get rid of the filing cabinets. Electronic filing also gives you the ability to search with simple keyword terms, so you can find documents faster. Archiving documents. document management. STRATEGY |.
INSURANCE |. Consider these three vital areas: Construction Project Documents: How do you move documents through your organization? When documents are created or modified, are the appropriate people notified? There are a number of software packages out there that allow document sharing. document management.
INSURANCE |. Project Document Management : Your Communication Strategy. Because some very specific documents are created and used throughout the life of a typical construction project, these documents can serve as the center of your communications strategy. Document availability. Document relevance.
INSURANCE |. In turn, profit fade can dramtically affect cashflow and hinder the possibility of booking new jobs. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management.
INSURANCE |. Next Generation of Document Management. For construction companies to function efficiently, they need documents to flow smoothly. Document imaging and management has been around for a while. Today, we need more process-oriented document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |.
INSURANCE |. Finally, the programmers that do the actual coding will receive the final specifications document. They will study the document and then meet with the analyst to thoroughly review all aspects of the specifications. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |.
When a loss occurs, it can put a real crunch on a contractor’s cashflow. Project loss insurance has the potential to save contractors from devastating project losses, no matter the cause. Project loss insurance, or PLI, is designed to mitigate catastrophic construction project losses. Project loss insurance coverage.
INSURANCE |. Many contractors haven’t taken advantage of digital document solutions, and the ones that have are still dealing with high volumes of data. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Add new tag.
INSURANCE |. To further complicate matters, a construction project may have hundreds, perhaps thousands, of people working on it at any given time, making document version control a constant struggle. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management.
INSURANCE |. Sometimes, as you know, project documents can devote an entire plan sheet or spec section to a list of abbreviations and acronyms. A lot of this communication revolves around the project documentation. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |.
INSURANCE |. Venture tools are built to give contractors visibility and control over three key areas of construction operations: Documentation. Document Management. It’s no secret that documents play a vital role in the construction process from beginning to end. document management. STRATEGY |. MANAGEMENT |.
INSURANCE |. Bring all your financial documents to the initial meeting. When you approach your chosen lender(s), be open about your financial situation, including any typically slow work and cash-flow periods. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |.
INSURANCE |. Collaborating on Cashflow » The Year of Mobile Technology? document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety.
INSURANCE |. This, after all, is the foundation of the insurance industry. And risk can be a profit center, since insurance companies obviously make money. So what do construction and insurance companies have in common? Well, consider the business model of the insurance industry. document management.
INSURANCE |. So, I took some photos, wrote an RFI attached the photos to the document and sent it to the architect noting its urgent status. Do you have a process for organizing, storing and attaching all supporting documentation for an issue? document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |.
INSURANCE |. Fewer accidents also mean lower insurance premiums, which mean lower labor costs. or higher, then it might be time to consider implementing a comprehensive safety plan to try and reduce your workers compensation insurance costs. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |.
INSURANCE |. We are officially in fall, so grab some hot chocolate and let’s discuss why, despite available document imaging technology, people still use paper. People want to have access at any given time to all of their documents. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |.
INSURANCE |. From applications that make your meetings and webinars more collaborative to document management and social media apps to help you and your team organize, it seems collaboration is everywhere. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management.
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