This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Construction companies face more cashflow challenges than just about any other industry. This allows you to maximize cashflow 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.
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.
Construction companies face more cashflow challenges than just about any other industry. This allows you to maximize cashflow 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.
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. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. February 2009. January 2009.
Collaborating on Cashflow » The Year of Mobile Technology? And there are plenty of advantages to “mobilizing” your construction company: improved communication between field and office. real-time data updates at the office , leading to better reporting and better data on which to make decisions. Home » Blogs.
The indictment made public this past Monday, alleges that Wen Xinyu, one of five named defendants, who is officer in Unit 61398 of the Third Department of the Chinese People’s Liberation Army, hacked the computers of U.S. And while the mainstream media described the U.S. Steel been damaged, but every U.S.
Legal disputes. Cashflow problems. Tools like WhatsApp, Excel or email might be very useful for your personal life or for certain office tasks but they are not designed for construction. Extra cost for materials and storage. Reputation damage for the parties involved. Use construction-specific tools.
Keeping documents as electronic files reduces paper waste and clutter in your office because you can get rid of the filing cabinets. If the answer was no to any one of these, you have an opportunity to make your accounting office operations much easier. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->.
There is wonderful technology available for the field and for back office operations. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. This young man took the time to think about what would ensure the long-term success of his business. Leveraging technology is not limited to heavy equipment, though.
Some of us remember the “dark ages” of going back and forth between job sites and the office. With the adoption of cell phones, we no longer had to physically go back and forth between the office and the field – we could make a phone call to connect the two. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->.
The Office, The Field, and Technology. There’s no better example of the business silo in construction than the separation that many companies experience between field operations and office management. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. February 2009. January 2009. December 2008.
Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. This entry was posted on Tuesday, May 29th, 2012 at 10:21 am and is filed under Jeana Durst. February 2009. January 2009. December 2008. November 2008. October 2008. September 2008. August 2008. Tags accounting. accounting software. Add new tag. business development.
With backlogs down and work less plentiful, field supervision has come into the office and become an integral part of the estimating process. 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. February 2009.
Chaos reigns and some very ugly accounting software systems have infected the back offices of construction companies nationwide! Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. NEWSFLASH: In the exciting world of construction accounting software, the inmates are in control. February 2009. January 2009.
That fancy new tablet to easily transfer data from field to office will do you no good if you don’t have a system to code and process the information. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. Next, get the PROCESS hammered out. Don’t set your team up for failure! February 2009. technology.
It seems that the smart phone is nudging some “back-office” business functions to the field, as construction firms use software to enter data in real-time and to make on-the-spot adjustments at the jobsite. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. February 2009. January 2009. October 2008.
I feel confident in saying that we’ve never created construction software on our own, sitting in our Seattle offices. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. I’m reminded that as a company, we wouldn’t be here today if it weren’t for collaboration. Every new release has been driven by our clients.
Once in awhile, I’ll close my office door, sit back with a cup of coffee and compare the Foundation Software of today with a snapshot of the company several years prior. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. It’s like finally being able to sit back and watch your child learn to navigate the world.
Project Team Members: Whether they work in the field, are in the office, or outside of your company, everyone who touches a project is part of your team. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. So making sure everyone on your team has the information they need should be a priority. February 2009.
If you make multiple copies of every invoice coming into your office, you know what I’m referring to. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. Unfortunately, because of all this paper, not only do we get bogged down as workers, processes become bogged down as well. No instructions required.
Connect the Field to the Office. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. Know your cost to complete and keep track of how far along in a project you actually are. Carefully monitoring these numbers will help you preserve profit and build more accurate bids on future projects. February 2009.
Now that the holidays are over and all of the massive amounts of breads, cookies, candies, and pies have suddenly disappeared (at least they have from my office) it’s time to make those New Year’s resolutions. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. February 2009. January 2009. December 2008.
Our customers told us they wanted to be able to access Spectrum anywhere – whether they were in the field, the office, or snowed in at home. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. With all of this in mind, we’ve designed Spectrum version 14 to be easy to use and access. Accessibility. February 2009.
Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. As you get deeper into the process, you’ll get to tackle challenges with cashflow, marketing, hiring, and more. Starting a business starts with the legal and logistical nuts and bolts that get you ready for growth later on.
Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. As you get deeper into the process, you’ll get to tackle challenges with cashflow, marketing, hiring, and more. Starting a business starts with the legal and logistical nuts and bolts that get you ready for growth later on.
Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. As you get deeper into the process, you’ll get to tackle challenges with cashflow, marketing, hiring, and more. Starting a business starts with the legal and logistical nuts and bolts that get you ready for growth later on.
With web-based software, these mobile devices are capable of running complete versions of a company’s enterprise software, resulting in real-time information flowing freely from the field to the office and a true collaborative environment. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. February 2009.
And, let’s face it: the kind of individual driven to be a general contractor is often not the kind that relishes tedious office work and long hours spent analyzing numbers. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. Then there’s long hours and reams of paperwork and difficult employees to deal with.
I decided long ago to charge for my own product – enough to put money back into a growing company , and enough to buy a decent lunch (I recommend the sandwiches at Mohito restaurant near our office). Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. February 2009. January 2009. December 2008. November 2008.
Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. As you get deeper into the process, you’ll get to tackle challenges with cashflow, marketing, hiring, and more. Keep the cashflowing like water down a valley. You need to be a master of your cashflow.
With this technology, management can access up-to-date business information anytime, anyplace and field staff can stay better connected to the office and to each other. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. . – have the ability to launch a browser. February 2009. January 2009. December 2008.
Do you use tablets in your office or on the jobsite? Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. Current software providers can jump on the bandwagon, or risk losing out to new developers, or perhaps even these specialty apps created by contractors. What are the pros/cons? www.dexterchaney.com.
Behind every good construction business leader is a hard working team of project managers, construction workers, and office staff. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. Ultimately, these ambitious goals are what make their companies successful. Good Leaders Pay Attention. February 2009. technology.
It is simple, get ownership and management back on track by placing safety above all else and fleshing that out every day at the office and on the jobsites. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. This gap completely undermines a company’s safety program and efforts. So what’s the solution?
When I started working in the industry we still used payphones to call the office from the “field” We used paper estimates, a calculator and copy machines. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. All of this was unheard of 20-25 years ago. February 2009. January 2009. December 2008.
All of a company’s overhead – office, management, and other costs – need to be rolled into the pricing. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. Change orders cost a company more than labor and materials. But the biggest exposure a contractor faces is rejection. February 2009. January 2009.
As construction teams set the sequence relationships on 3D models and AI tools are used to create various schedule simulations for delivering projects and teams also generate 5D models by adding cashflow information to these models. We live in interesting times."
Whether the project involves a multi-million-dollar office building or a three-story apartment complex, there are several risks that need to be considered in order to ensure the success of any construction project. Legal Risks. These legal binding documents detail how long the project would last and how much contractors would be paid.
Whether the project involves a multi-million-dollar office building or a three-story apartment complex, there are several risks that need to be considered in order to ensure the success of any construction project. Legal Risks. These legal binding documents detail how long the project would last and how much contractors would be paid.
And as always, we recommend you have any legal document reviewed by your attorney or legal counsel before using it. They are all from the Washington State Department of Labor & Industries website. These forms are not perfect and not the best for all construction contractors.
Let’s take a look at an example of how SDI might provide coverage on a project: ABC Builders is the general contractor building a large office complex and they have an SDI policy covering all their projects. Halfway through the project, LA Plumbing has significant cashflow problems and they can no longer pay their vendors or employees.
AR has the massive potential to bring the rich information that typically stays in the office to the field. The key is to integrate AR seamlessly with communication processes to maintain effective collaboration without the traditional silos and disconnects between the office and field. Data management will also continue to evolve.
The first step is to track every part of the project to streamline reviewing legal terms and change orders, for example. However, by using connected construction technology , lifecycle data and intelligence from both the field and office can enhance and streamline project closeout. Step 4: Subcontractor Closeout.
General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. Payment terms put you in never ending negative cashflow by loaning the customer money at 0% and borrowing on your credit cards at 24%.
We organize all of the trending information in your field so you don't have to. Join 116,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content