Construction Business Owner

OCTOBER 20, 2011

Called their “Spring Creek” event, CFMA chapter presidents from around the country gather for several days of leadership and team building exercises in Arizona. But without exception, the story that each team told through their symbols focused on people, not projects or profits. « Some Advice on Change Orders. February 2009.

CFMA 120

CFMA Construction Software Software 120

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

Construction Business Owner

MAY 7, 2012

« Staying Focused in the Fight Against Profit Fade. Each year at this event I’m reminded that collaboration is vital to our construction industry. Free Subscriptions. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Home » Blogs. February 2009. January 2009. December 2008. November 2008.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

JUNE 19, 2013

We are happy to be able to offer free Invoice templates, free Change Order templates and free estimate templates to construction contractors and other business owners to help them grow their sales and profits and have better lives for their families. Change Orders are a huge source of new profit. Click here to learn more.

Profitability 50

Profitability Cash Flow Accounting Construction 50

Construction Business Owner

JANUARY 19, 2011

We will never advertise a one-day only Sale-a-Rama event with something for everyone. Foundation Software has been profitable in each of its years of business since 1985. Our marketing department is focused on identifying only contractors that are the best fits for our product’s features and benefits. We May Walk Away From a Sale.

Construction 136

Construction Software Software Accounting 136

Lets Build

JULY 8, 2022

Supply chain costs have also spiked, resulting in a trend for paying smaller subcontractors early to maintain their cash flow. It’s impossible to specifically segregate the financial impact on construction during pandemic-related events versus other geopolitical occurrences.

Industrial 148

Industrial Construction Cash Flow Retail 148

Construction Business Owner

OCTOBER 10, 2011

A colleague of mine has even considered not calling his children when a family event occurs, because his kids have generally heard about it two days prior via Facebook. This new technology and medium for engagement and networking isn’t going anywhere. In fact, we’re more social than ever. February 2009. January 2009. December 2008.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

OCTOBER 10, 2011

Ideas start flowing and problems are solved. Luckily, because the event was sponsored by CBO, I had the chance to sit in and ask questions of these readers. I would tell you more, but one of the reasons these discussions are so fruitful is that they are confidential. February 2009. January 2009. December 2008. November 2008.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

NOVEMBER 3, 2011

During the boom years, it was unheard of to bring a superintendent into the office for a planning event and definitely far-fetched to have them assist in the estimating process. The conundrum is this – as the economy and market shifts in a positive trajectory, what happens to this so-called “best practice?” February 2009. January 2009.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

OCTOBER 4, 2013

There are a number of people who pass out advice on how to start a profitable construction company; however, very few have actually done it and fewer still had a clear understanding of where they were making or losing money and fewer yet have ever gotten past the point of owning a J.O.B. Starting Or Re-Starting A Construction Company Is Easy.

Profitability 49

Profitability Construction Accounting Cash Flow 49

DebunkTheBIM

AUGUST 3, 2015

Never mind, that BIM is supposed to save money and make things more efficient – faced by consultants, contractors and others, themselves keen to keep their cash-flows in the black and armed with ‘take it or leave it attitudes’ – BIM tends to be the first ‘project luxury’ to get dropped. Unlikely to happen.

BIM 48

BIM Cash Flow Industrial Environment 48

Autodesk Construction Cloud

DECEMBER 12, 2021

Below, let’s discuss the importance of construction KPIs and critical metrics your company should be measuring to affect profits and productivity. Similarly, although basic construction project metrics concern costs and time, profit isn’t the only performance issue to measure. Key Takeaways.

Profitability 52

Profitability Products CFMA Construction 52

Constructor Marketing that Works

SEPTEMBER 26, 2013

It truly was a great event, and it generated an EXTREME amount of feedback. For once in my life, I was speechless at the number of marketing questions submitted before, during and after the event. Recently, I asked contractors from across the industry to attend the “Ultimate HVAC Lead Generation Formula” Training Series.

Agreement 49

Agreement Cash Flow Contractors Consulting 49

Contractor Bookkeeping

JULY 27, 2012

Assets of Company - Cash / Receivables – Payables / Trucks / Tools / Equipment / Material. Assets of Firm - Cash / Business Process / Sales Process / Client List / Predictable Cash Flow. Contractor Not A Banker - Student of Business Consulting And Accounting who has mastered the art of managing cash flow properly.

Contractors 64

Contractors Cash Flow Construction Accounting 64

Contractor Bookkeeping

JULY 18, 2013

In time the laws of nature bring forth a great harvest of contacts, some of which become relationships that lead to construction projects which in turn generates massive amounts of cash flow, profit and eventually substantial wealth for the contractor.

Profitability 50

Profitability Contractors Accounting Compensation 50

Construction Business Owner

FEBRUARY 6, 2012

Just like we expect our smart phones to alert us of daily events and provide us with apps that are easily accessible, contractors are expecting more from their machines and software. CBO was on hand to learn about the latest innovations that will be coming your way. February 2009. January 2009. December 2008. November 2008. October 2008.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

JUNE 13, 2013

A very upset, irritated, angry, peeved, fuming, mad, irate, disturbed and generally unhappy contractor contacted me recently to say how much he hated webinars, classes, seminars, meetings, round tables, events, conferences, assemblies, gatherings and all other time wasters designed to sell homework! "I QuickBooks Job Profitability Report.

Contractors 49

Contractors Profitability Cash Flow Consulting 49

Contractor Bookkeeping

JUNE 1, 2013

The First Place to start is an understanding the real profit in any construction is made in the office, not in the field because hard work in the field cannot overcome bad strategy from the office. The Key To Maximizing Profits is finding the right mix of production and resources. Grow By The Inch Is A Cinch, Grow By The Yard Is Hard.

Products 49

Products Profitability Construction Cash Flow 49

Contractor Bookkeeping

FEBRUARY 10, 2014

Construction Companies - In Washington State contractors selling material (as part of your service) is a taxable event. You Can Pay Sales Tax - On every purchase as you go if you have unlimited cash flow? tax the rental company charged off your bottom line profit. Who is the customer? When is sales tax paid?

Certification 51

Certification Washington Contractors Cash Flow 51

Contractor Bookkeeping

JULY 5, 2013

My Primary Concern Is Helping Contractors Increase Cash Flow And Profits. In a few rare cases a chain of events has been set in motion which has led construction company owners to decide to reduce work staff or close down completely if lawyers get involved. 2 Contractors who think it is O.K. Enough said.'

Cash Flow 48

Cash Flow Construction Injury Insurance 48

PSMJ Resources

JANUARY 2, 2013

In times of strong growth and profits, firms can bury the recognition of project budget problems under good cash flow. But remember, if you have just sold a long list of active projects that are upside down budget-wise, you will eventually have to answer for the resulting lack of profits. You'll be glad you did.

Deals 43

Deals Cash Flow Budgeting Budget 43

Levelset

AUGUST 16, 2022

Some contractors watch as their gross profit margins decrease when they take on larger jobs. It is also helpful to provide the surety with a cash flow projection for the project. In the event of issues, access to additional sources of liquidity, like a bank line or personal funds, is also important.

Risk 52

Risk Cash Flow Construction Banking 52

Safety Services Company

FEBRUARY 19, 2020

The possibility of running out of cash flow, mismanaging of funds, plummeting economy, increasing cost of materials, and other similar concerns are daunting and real. Risk management plans often save companies from going under in the event of an emergency. Increased Profits. Financial Risks. Guaranteed Safety .

Risk 62

Risk Management Construction Safety 62

Safety Services Company

FEBRUARY 18, 2020

The possibility of running out of cash flow, mismanaging of funds, plummeting economy, increasing cost of materials, and other similar concerns are daunting and real. Risk management plans often save companies from going under in the event of an emergency. Increased Profits. Financial Risks. Guaranteed Safety .

Risk 62

Risk Management Construction Safety 62

Contractor Bookkeeping

DECEMBER 1, 2012

Construction Companies - In Washington State contractors selling material (as part of your service) is a taxable event. You Can Pay Sales Tax - On every purchase as you go if you have unlimited cash flow? tax the rental company charged off your bottom line profit. Who is the customer? When is sales tax paid?

Certification 60

Certification Washington Contractors Accounting 60

Job Order Contracting

DECEMBER 13, 2020

Real property owners, architects, engineers, and builders all would profit greatly from just applying “Change Management 101” effectively as a priority. Focus on driving long-term results instead of fixating on isolated events. Follow the chain back to the source of the problem when running into a reoccurring issue.

Project Management 229

Project Management Organization Capterra Management 229

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. They love the speed to revenue [fully leased within a year], lower costs, and profit potential.” Finch isn’t surprised to see for-sale home builders jumping on the rental bandwagon.

Phoenix 105

Phoenix Leases Housing Las Vegas 105

Levelset

APRIL 28, 2022

Some GCs pass the cost of the loss reserve onto the project owner and claim that amount as additional profit on the project. Halfway through the project, LA Plumbing has significant cash flow problems and they can no longer pay their vendors or employees. Include X amount of additional profit in your bid.”.

Insurance 52

Insurance Contractors Claims ABC 52

Contractor Bookkeeping

APRIL 20, 2013

The primary purpose for having a computer server in your office it to keep your financial records, client information and estimates safe in the event of disaster. Your customers and clients are busy with their own lives and most of them need to be reminded about how much they owe you in order for you to get paid and maintain your cash flow.

Contractors 49

Contractors Documentation Office Cash Flow 49

Business Facilities

JULY 11, 2014

The updated Pennsylvania incentives guide is brought to you by Real Street Expo , a new event sponsored by Business Facilities and Today’s Facility Manager magazines. Not-for-profit organizations and Community groups are eligible. Funding is variable. PA First Program: Funding was increased in FY 2013-14 to $37.8

Pennsylvania 45

Pennsylvania Finance Zoning Banking 45

Construction Cost Estimating

FEBRUARY 21, 2012

The software can also predict the companys financial inflows and outflows with Cash Flow Reporting combining construction estimating and scheduling data to compute profitability across single or multiple projects. The application generates critical path schedules, and critical chain and event chain methodology.

Project Management 40

Project Management Software Software Accounting 40

Buisness Facilities Contributed Content

APRIL 15, 2014

Create Rebate Program: An incentive that may be offered at the discretion of the director of the Arkansas Economic Development Commission in highly competitive situations, it provides annual cash payments based on a company’s annual payroll for new, full-time, permanent employees. TAX INCENTIVES. For more information please visit this link.

Income 108

Income Finance Zoning Employment 108

Contractor Bookkeeping

MARCH 25, 2014

This includes such information as whether you have overbilled or underbilled the project – change order issues, revisions to cost estimates, estimated final gross profits and anticipated completion dates. These schedules will list important financial issues on your bonded projects.

Cash Flow 53

Cash Flow Accounting Profitability Work in Progress 53

Buisness Facilities Contributed Content

MARCH 21, 2014

NON-PROFIT INCENTIVES: Provides an incentive payment (payroll rebate) equal to 4 percent of the payroll of the new, full-time, permanent employees for a period of up to five years. In addition, the non-profit organization must receive 75 percent of its income from out-of-state sources. Grants are also available to qualified, early?stage

Income 75

Income Finance Zoning Equipment 75

Contractor Bookkeeping

JANUARY 2, 2015

The idea was you would do all the work they would get half the profits and you politely refused, or not? Get Organized - We strongly recommend a Subchapter S-Corp for tax advantages, protecting your personal assets in the event of a claim or lawsuit against your company and for future expansion. This is getting very stressful.

Construction 48

Construction Insurance Accounting Claims 48

Contractor Bookkeeping

JUNE 15, 2012

You do all the work they get half the profits and you politely refuse. We strongly recommend a Subchapter S Corp (a Sub S) for tax advantages, protecting your personal assets in the event of a claim or lawsuit against your company and for future expansion. Payment Terms - Should need to add positive cash flow.

Contractors 48

Contractors Insurance Claims Lien 48

Contractor Bookkeeping

JUNE 20, 2014

You do all the work they get half the profits and you politely refuse. We strongly recommend a Subchapter S Corp (a Sub S) for tax advantages, protecting your personal assets in the event of a claim or lawsuit against your company and for future expansion. Payment Terms - Should need to add positive cash flow.

Insurance 48

Insurance Construction Claims Accounting 48