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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. What other problems do you consider when deciding if it’s time to switch your software? Leave a Reply.
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. Technology for Collaboration & CashFlow.
Almost every construction professional faces the same problem – cashflow. Large upfront costs and long waiting periods between payments are a normal occurrence; retainage adds to this cashflow problem for contractors and projectmanagers. Retainage percentages and negotiations.
Other common reports bonding agents will look at include income statements, balance sheets, statements of cashflow, and job specific invoice aging reports. Committing Intentional Project Communications. Better ProjectManagement through Better Communication. construction management. document management.
Committing Intentional Project Communications. Better ProjectManagement through Better Communication. construction management. construction management software. document management. foundation. foundation software. document management. foundation. foundation software.
Cashflow 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 cashflow is more important than your contracting company''s ability to complete projects! Is CashFlow The Same As Profit?
For instance, Foundation Software’s vision is this: “To provide the best in accounting software and service for the labor intensive contractor.” Committing Intentional Project Communications. Better ProjectManagement through Better Communication. construction management. construction management software.
For example, you might require projectmanagement, but if you do a quick search, you’ll find there are numerous projectmanagement solutions that range from simple to complex. Job Cost & CashFlow. Committing Intentional Project Communications. construction management. document management.
Committing Intentional Project Communications. Better ProjectManagement through Better Communication. construction management. construction management software. document management. foundation. foundation software. document management. foundation. foundation software.
There’s a lot I could say here, but mostly, I just want to wish everyone a very Merry Christmas and a Happy New Year from everyone at Foundation Software. Committing Intentional Project Communications. Better ProjectManagement through Better Communication. construction management. construction management software.
Committing Intentional Project Communications. Better ProjectManagement through Better Communication. construction management. construction management software. document management. foundation. foundation software. document management. foundation. foundation software.
Built-in AIA billings, time and material and unit price billings, projectmanagement, 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. Committing Intentional Project Communications. foundation.
In turn, profit fade can dramtically affect cashflow and hinder the possibility of booking new jobs. Learn how better change order management and forecasting can help prevent profit fade. Committing Intentional Project Communications. Better ProjectManagement through Better Communication. foundation.
Committing Intentional Project Communications. Better ProjectManagement through Better Communication. construction management. construction management software. document management. foundation. foundation software. document management. foundation. foundation software.
Today, new software applications – in job cost accounting, projectmanagement, estimating, etc. This post was mentioned on Twitter by Erica Brindley, Foundation Software. Foundation Software said: Check out Fred Ode's New Blog: "Don't Dig Your Own Grave": [link] #construction #accounting #software [.].
Committing Intentional Project Communications. Better ProjectManagement through Better Communication. construction management. construction management software. document management. foundation. foundation software. document management. foundation. foundation software.
Committing Intentional Project Communications. Better ProjectManagement through Better Communication. construction management. construction management software. document management. foundation. foundation software. document management. foundation. foundation software.
Collaborating on Cashflow » The Year of Mobile Technology? Committing Intentional Project Communications. Better ProjectManagement through Better Communication. construction management. construction management software. document management. foundation. foundation software.
Who is Running the Asylum at Foundation Software? At Foundation Software, we try to avoid inmate takeovers by first assigning a lead analyst to oversee design for each project. Committing Intentional Project Communications. Better ProjectManagement through Better Communication. construction management.
When designing FOUNDATION® for Windows® 3.0 in the mid-1990’s, Foundation Software was faced with a major decision—should we completely redesign and rewrite our DOS product? So who is running the asylum at Foundation? Committing Intentional Project Communications. Better ProjectManagement through Better Communication.
Committing Intentional Project Communications. Better ProjectManagement through Better Communication. construction management. construction management software. document management. foundation. foundation software. document management. foundation. foundation software.
Take Foundation Software, for example. We have a very strong payroll module in our construction accounting software FOUNDATION for Windows. For years, I tried to generate momentum with my managers to get them on board with starting a payroll service just for construction. Committing Intentional Project Communications.
In the meantime, service agreement customers are a source of cashflow and are predetermined to call you instead of your competition when repairs are necessary. Keep The Service Agreement Cash Separate. One of the best parts is you have an immediate increase in cashflow. Visit [link] to learn more.
It seems like just yesterday that Foundation Software was newly incorporated. Foundation gained its own identity, and we have the right people in place for the right jobs. I dream about Foundation, and I make plans for its future. I can’t wait to see what a 30-year-old Foundation Software will do! document management.
Public Exposure and Liability on Construction Sites » Better ProjectManagement through Better Communication. Last week, I discussed three important areas of projectmanagement and ended by briefly discussing project communication – or the glue to a project. construction management. foundation.
Not too long ago, or so it seems, we were more than ecstatic at the idea of being able to call our projectmanagers 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.
Committing Intentional Project Communications. Better ProjectManagement through Better Communication. construction management. construction management software. document management. foundation. foundation software. document management. foundation. foundation software.
In doing that, I realized that Foundation Software’s sales force became different from the stereotype characterized in the joke I told at the beginning. Foundation Software has been profitable in each of its years of business since 1985. Committing Intentional Project Communications. construction management. foundation.
He replied, “Well, that depends on the projectmanager.”. While it’s understandable that every projectmanager has a different way of managing, the reality is that change orders don’t have room for personal style. Committing Intentional Project Communications. construction management. foundation.
When you approach your chosen lender(s), be open about your financial situation, including any typically slow work and cash-flow periods. Committing Intentional Project Communications. Better ProjectManagement through Better Communication. construction management. construction management software.
Committing Intentional Project Communications. Better ProjectManagement through Better Communication. construction management. construction management software. document management. foundation. foundation software. document management. foundation. foundation software.
Committing Intentional Project Communications. Better ProjectManagement through Better Communication. construction management. construction management software. document management. foundation. foundation software. document management. foundation. foundation software.
Committing Intentional Project Communications. Better ProjectManagement through Better Communication. construction management. construction management software. document management. foundation. foundation software. document management. foundation. foundation software.
Some projectmanagers tend to think of safety in the workplace as one of those things that we do “when we get a chance.” In fact, projectmanagers should worry about implementing more safe practices because it can affect the way they bid on jobs. Committing Intentional Project Communications. document management.
Most of all, I learned that workforce management and structuring your company appropriately is one of the biggest challenges contractors face. What I heard is that finding the right person for an estimator and a projectmanager is crucial to success. Committing Intentional Project Communications. construction management.
Gregg is a consultant with FMI and specializes in the areas of productivity and projectmanagement. Committing Intentional Project Communications. Better ProjectManagement through Better Communication. construction management. construction management software. document management. foundation.
Committing Intentional Project Communications. Better ProjectManagement through Better Communication. construction management. construction management software. document management. foundation. foundation software. document management. foundation. foundation software.
Committing Intentional Project Communications. Better ProjectManagement through Better Communication. construction management. construction management software. document management. foundation. foundation software. document management. foundation. foundation software.
Committing Intentional Project Communications. Better ProjectManagement through Better Communication. construction management. construction management software. document management. foundation. foundation software. document management. foundation. foundation software.
Committing Intentional Project Communications. Better ProjectManagement through Better Communication. construction management. construction management software. document management. foundation. foundation software. document management. foundation. foundation software.
Committing Intentional Project Communications. Better ProjectManagement through Better Communication. construction management. construction management software. document management. foundation. foundation software. document management. foundation. foundation software.
« Collaborating on Cashflow. Committing Intentional Project Communications. Better ProjectManagement through Better Communication. construction management. construction management software. document management. foundation. foundation software. document management.
An effective approach to sharing project documents must include a way to ensure that everyone is using the same (and latest) version, and that there is structure to the way the documents are presented – so folks like my electrical contractor friend can quickly find the information that matters to them. construction management.
Legal language is often unclear, resulting in differences in interpretations that can disrupt and delay projects, increasing costs. Also make sure your projectmanagers understand the contract language fully. Remember that your leverage is strongest before the project is finished. construction management.
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