Pro Builder

JUNE 6, 2022

history due to low inventories of existing and new homes, low mortgage interest rates (even with recent rate hikes), Baby Boomers downsizing, and Millennials entering the for-sale housing market en masse. Many of them are living off their cash flow and getting upside down on their construction draws, which can be the kiss of death.

Management 52

Management Cash Flow Profitability Schedule 52

BD+C

SEPTEMBER 26, 2024

You invest $1 million and decide to finance the remaining $2 million, borrowing $1 million at the start of each year. Financing costs for year 1 for $1 million at a rate of, say, 5% = $50,000 By the second year though, inflationary rise and interest rate fluctuations could change this equation.

Management 52

Management Construction Budgeting Budget 52

Autodesk Construction Cloud

MAY 5, 2023

They require flexible solutions that can keep up and make their lives easier whether they are in the office or at the jobsite. Until recently, software applications for managing the finances of construction paid little attention to anyone outside of the back office.

Office 52

Office Autodesk Accounting Project Management 52

Viewpoint Construction Technology

APRIL 16, 2019

Finance and Accounting: ViewpointOne streamlines and simplifies payroll, billing and vendor payment process while offering in-depth cash flow tracking and project reporting. The financial team can bill quicker, get paid faster and keep cash flow on projects fluid, all while saving time.

Software 130

Software Software Organization Construction 130

ProcurementExpress.com

JANUARY 2, 2019

Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. WIP is one element of an inventory account. In a manufacturing context, WIP allows accounting to record all inventory items that occupy an in-between state.

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

ProcurementExpress.com

JANUARY 2, 2019

Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. WIP is one element of an inventory account. In a manufacturing context, WIP allows accounting to record all inventory items that occupy an in-between state.

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

ProcurementExpress.com

FEBRUARY 11, 2019

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. Juggling Vendors, Subcontractors, and Large Inventories. All these moving pieces mean purchasing teams, finance, and executives need to work closely to keep operations running smoothly—and within the budget.

Procurement 63

Procurement Plans Construction Budgeting 63

ProcurementExpress.com

FEBRUARY 11, 2019

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. Juggling Vendors, Subcontractors, and Large Inventories. All these moving pieces mean purchasing teams, finance, and executives need to work closely to keep operations running smoothly—and within the budget.

Procurement 52

Procurement Plans Construction Budgeting 52

Construction Business Owner

FEBRUARY 17, 2011

Accounting & Finance. your increasing payroll, jobs, inventory, equipment, etc.), MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Software & Technology. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Resource Center.

Construction 149

Construction Software Software Accounting 149

Construction Business Owner

JUNE 8, 2011

Accounting & Finance. The fact is we need to get rid of this inventory before demand will increase. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Software & Technology. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing.

Construction 120

Construction Software Software Equity 120

Pro Builder

JANUARY 31, 2023

Chart: courtesy Shinn Builder Partnerships Operating Costs The 2021 report also revealed that home builder operating expenses—consisting of indirect construction costs, financing expenses, sales and marketing expenses, and general and administrative expenses—averaged just 14.2%, which is low based on historical averages of about 18%.

Inventory 98

Inventory Housing Profitability Cash Flow 98

Construction Business Owner

MAY 11, 2011

Accounting & Finance. The fact is we need to get rid of this inventory before demand will increase. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Software & Technology. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing.

Construction 120

Construction Software Software Equity 120

Contractor Bookkeeping

JULY 18, 2012

I Have Seen Too Many - Spec builders lose money on a house under construction because the bank pulled the financing and demanded immediate payment on the outstanding loan balance due to shaky financial reports. We know what to do!

Banking 54

Banking Remodeling Profitability Drawings 54

Contractor Bookkeeping

AUGUST 11, 2014

Excessive Accounts Were setup to track individual inventory items like lumber, nails, paint, pipe, roofing material, dirt, bark etcetera. The ripple effect, like throwing a stone in a pool of water impacts the area around it, caused massive cash-flow headaches.

Profitability 48

Profitability Contractors Accounting Income 48

Buisness Facilities Contributed Content

APRIL 15, 2014

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Terms for both are normally 10-20 years and can finance up to 100% of the project costs. ALABAMA - updated for 2014. They are: The Renewal Program.

Income 108

Income Finance Zoning Employment 108

Contractor Bookkeeping

JANUARY 27, 2014

I Have Seen Too Many - Spec builders lose money on a house under construction because the bank pulled the financing and demanded immediate payment on the outstanding loan balance due to shaky financial reports. We know what to do!

Contractors 48

Contractors Accounting Banking Profitability 48

Autodesk Construction Cloud

DECEMBER 18, 2021

Include an inventory and notes and take photos or video of any pieces you need to. Interfacing with the in-office accounting team is essential; the records won’t be truly complete until Finance signs off. Once you verify the work was done, you can reconcile payment amounts and invoices and submit to your finance department as needed.

Change Orders 52

Change Orders Documentation Equipment Risk 52

Buisness Facilities Contributed Content

MARCH 21, 2014

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Terms for both are normally 10-20 years and can finance up to 100 percent of the project costs. It allows for the construction of roads, bridges, etc.

Income 75

Income Finance Zoning Equipment 75

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. There are five versions of ConstructionSuite software -- Standard, Pro, Premier, Corporate and Network.

Project Management 40

Project Management Software Software Accounting 40