ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. This allows you to maximize cash flow without having to pay for additional software (well, unless you’re mailing out paper invoices and waiting for checks to come in). Speed Up Receivables. Use Financing to Provide a Cushion.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52

Levelset

JULY 25, 2022

The term capital is used across industries to represent all of a company’s financial assets, including cash, inventory, equipment, and more. Debt capital can be vital for managing cash flow in construction. “Cash flow is critical. ” Learn more : How to build a cash flow projection.

Debt 97

Debt Cash Flow Equity Finance 97

Construction Business Owner

FEBRUARY 17, 2011

your increasing payroll, jobs, inventory, equipment, etc.), They offer unlimited reporting capabilities, better analysis and quick consolidation/integration of data. In general, the larger the size of your data (i.e. the more likely it is that you have outgrown what spreadsheets can provide. February 2009. January 2009. December 2008.

Construction 149

Construction Software Software Accounting 149

Pro Builder

NOVEMBER 16, 2022

These methods range from broad “back-of-the-napkin” calculations to detailed cash-flow models for each community and land parcels you own or control. . For example, a high-margin builder with just one to two years of land inventory may be worth less than a builder with average margins and six to seven years of supply.

Inventory 98

Inventory Cash Flow Profitability Deals 98

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

Levelset

JUNE 14, 2022

Contractors report that supply chain disruptions impact inventory and their ability to forecast for the future. According to the 2022 Construction Cash Flow & Payment Report , construction businesses reported slow payments contributed to wasted resources (45%), reduced profit (41%), and failure to meet payroll (18%). .

Materials 52

Materials Cash Flow Deals Finance 52

Autodesk Construction Cloud

JANUARY 23, 2024

Cost Management | Cash Flow Consolidated View* – Within the Cash Flow view, distribution modifications can be made in a new sub-table view, allowing users to see the context of the other distribution items while making adjustments.

Products 105

Products Autodesk BIM Accounting 105

Lets Build

MAY 20, 2020

Technologies such as BIM, project management software, and cash-flow apps are expected to take up more space in the industry as we move forward. For instance, they invest in putting together a resilient inventory and collect materials of critical importance to keep their projects protected.

Construction 179

Construction Innovation Industrial BIM 179

Construction Business Owner

JUNE 8, 2011

The fact is we need to get rid of this inventory before demand will increase. This leads me to think that the best intentioned government programs, such as the first time homebuyer credit, only served to temporarily prop up the market and sustain the situation for an even longer period. Enough said about that. February 2009. January 2009.

Construction 120

Construction Software Software Equity 120

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

Construction Business Owner

MAY 11, 2011

The fact is we need to get rid of this inventory before demand will increase. This leads me to think that the best intentioned government programs, such as the first time homebuyer credit, only served to temporarily prop up the market and sustain the situation for an even longer period. Enough said about that. February 2009. January 2009.

Construction 120

Construction Software Software Equity 120

Pro Builder

MAY 29, 2020

Yet some tools and tactics are salient no matter the economic climate, such as controlling cash flow and getting out of deals that may no longer pencil out in the new conditions. . . 1] Mind Your Cash. In the last quarter of 2019, he looked at his spec home inventory and decided he needed to move some units.

Cash Flow 91

Cash Flow Debt Housing Consulting 91

ProcurementExpress.com

AUGUST 12, 2019

These documents contain a wealth of information, providing insights that can inform future contracts, estimates, and inventory management. Construction companies need all the help they can get when it comes to making decisions that impact cash flow and budgeting. The benefits of daily reports are undeniable. Click To Tweet.

Documentation 81

Documentation Contract Site Budgeting 81

Contractor Bookkeeping

JULY 18, 2012

Inventory Tracking - Can be a nightmare and we have a system for it. There is only one method that will help manage cash flow and save money on taxes and we know how to do it and track it for you in QuickBooks. Job Deposits - Customer down payments can be input several ways.

Electrical 48

Electrical Contractors Cash Flow Commissioning 48

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

Contractor Bookkeeping

JULY 18, 2012

Inventory Tracking - Can be a nightmare and we have a system for it. There is only one method that will help manage cash flow and save money on taxes and we know how to do it and track it for you in QuickBooks. Job Deposits - Customer down payments can be input several ways.

Contractors 48

Contractors Cash Flow Commissioning Work in Progress 48

Contractor Bookkeeping

JULY 18, 2012

Commercial Tenant Improvement Contractors - Who also do some remodel work, service work as a method of marketing, buy houses for rental inventory and buy houses to fix up and sell, house flippers, create special problems for regular bookkeepers. We know what to do!

Commercial 54

Commercial Contractors Remodeling Cash Flow 54

Autodesk Construction Cloud

NOVEMBER 8, 2022

Intelliwave Technologies’ SiteSense ® construction software solution streamlines how users identify and track materials, inventory, and equipment. This, in turn, frees up cash flow and paves the way for a healthier bottom line. . Tech to try . Tech to try .

Management 98

Management Construction BIM Materials 98

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. Construction teams face unique procurement challenges due to the complex nature of the business. Estimation tool. Document management. Calendars and scheduling.

Procurement 63

Procurement Plans Construction Budgeting 63

Contractor Bookkeeping

JUNE 1, 2013

For Example Overstock Your Truck with every tool you think you may need and loading it to the sky with all the parts and inventory you think you may need and drive hard and fast you are maximizing that resource and that is not a good thing. Benefit Analysis including Risk Assessments on a given factor of production.

Products 48

Products Profitability Construction Cash Flow 48

Contractor Bookkeeping

AUGUST 30, 2013

What we can share is something that has been going on for hundreds if not thousands of years and is so simple that it hurts me to know that most contractors who need more cash flow and profit will do it and contractors who don''t need more cash and profits do it regularly. Job Material Inventory Costs.

Profitability 48

Profitability Contractors Accounting Cash Flow 48

Contractor Bookkeeping

JULY 18, 2012

Spec Home Builders - Who also do some remodel work, buy houses for rental inventory and buy houses to fix up and sell, house flippers, create special problems for regular bookkeepers. We know what to do!

Banking 54

Banking Remodeling Profitability Drawings 54

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

Contractor Bookkeeping

JULY 18, 2012

Custom Home Builders - Who also do some remodel work, buy houses for rental inventory and buy houses to fix up and sell, house flippers, create special problems for regular bookkeepers. We know what to do!

Cash Flow 48

Cash Flow Remodeling Profitability Banking 48

Contractor Bookkeeping

SEPTEMBER 12, 2014

3 Excess Inventory - Empty your trucks and vans, clean out the dirt and grim and when you restock see how much you can leave out. This one thing can have a massive impact on cash flow and profits. Then develop a project plan to eliminate them, one at a time. #3

Profitability 48

Profitability Accounting Construction Project Management 48

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. Construction teams face unique procurement challenges due to the complex nature of the business. Estimation tool. Document management. Calendars and scheduling.

Procurement 52

Procurement Plans Construction Budgeting 52

Autodesk Construction Cloud

MAY 5, 2023

QuickBooks Online (QBO): Reduce the time spent managing business finances by using QBO for tasks like creating estimates and invoices, tracking sales and cash flow, and managing customers and suppliers. This integration pushes Cost pay apps, expenses, and budget pay apps to QBO for easy processing.

Office 52

Office Autodesk Accounting Project Management 52

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

ProcurementExpress.com

AUGUST 12, 2019

These documents contain a wealth of information, providing insights that can inform future contracts, estimates, and inventory management. . Construction companies need all the help they can get when it comes to making decisions that impact cash flow and budgeting. The benefits of daily reports are undeniable.

Documentation 52

Documentation Contract Site Budgeting 52

Contractor Bookkeeping

FEBRUARY 10, 2014

Verify Petty Cash Entries. Inventory Count By December 31st. If you are having cash flow problems you could be paying too much in state, Federal and local taxes and we may be able to help. Review Personal Bank Statements - Business. Review Business Bank Statements – Personal. Reconcile Bank And Credit Card Accounts.

Accounting 48

Accounting Construction Banking Project Management 48

Contractor Bookkeeping

JANUARY 27, 2014

Spec Home Builders - Who also do some remodel work, buy houses for rental inventory and buy houses to fix up and sell, house flippers, create special problems for regular bookkeepers. We know what to do!

Contractors 48

Contractors Accounting Banking Profitability 48

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

BD+C

SEPTEMBER 26, 2024

For example, using PPM, we can answer questions such as: What are the optimal modes of transport to take inventory to the site? Optimized productivity: By taking a big-picture approach, PPM makes it easier to identify areas where productivity can be optimized. Can we rotate shifts between resources to produce more output?

Management 52

Management Construction Budgeting Budget 52

Autodesk Construction Cloud

DECEMBER 12, 2021

A “subcontractor inventory” is another predictive performance indicator that CFMA recommends. It would be aimed at avoiding tying up cash in the over-purchase of construction materials. The magazine points to “cash flow and receivables” as “backward-looking” or lagging financial indicators.

Profitability 52

Profitability Products CFMA Construction 52

Buisness Facilities Contributed Content

APRIL 15, 2014

Inventory is exempt from property tax. Bond proceeds cannot be used for working capital or inventory. No personal property or inventory taxes. Inventory Tax Exemption: Effective January 1, 2011, business inventory is exempt from state property taxes (0.15 Real property taxes are among the lowest in the country.

Income 108

Income Finance Zoning Employment 108

Autodesk Construction Cloud

DECEMBER 18, 2021

Include an inventory and notes and take photos or video of any pieces you need to. Legal risks, political issues, cash flow, worker training, transferring the deliverables, and other risks should be carefully assessed to ensure the final handover is easy and efficient.

Change Orders 52

Change Orders Documentation Equipment Risk 52

Buisness Facilities Contributed Content

MARCH 21, 2014

Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. Funds may be used to acquire equipment, make leasehold improvements, purchase recycled raw materials and inventory or acquire real property.

Income 75

Income Finance Zoning Equipment 75