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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

Construction companies face more cash flow challenges than just about any other industry. No two projects look the same, and even the best-prepared estimates give contractors and clients only a partial picture of the actual scope of work and the costs involved. Speed Up Receivables. Use Financing to Provide a Cushion.

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Data Analytics Trends in Construction

Viewpoint Construction Technology

Construction sites these days have no shortage of data: design and BIM data from the planning stages of a project, jobsite data collected by wearables, mobile devices and sensors on equipment/materials, accounting and job progress data from the office, project management data and much more.

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Why Projects Fail

Job Order Contracting

Research has readily demonstrated the correlation between the maturity level of an organization and project failure, i.e. excessive time spent upon change orders/rework, budget overruns, and overall client and/or participant dissatisfaction with outcomes. CHANGE MANAGEMENT. Project Management Constraints.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

Construction companies face more cash flow challenges than just about any other industry. No two projects look the same, and even the best-prepared estimates give contractors and clients only a partial picture of the actual scope of work and the costs involved. Speed Up Receivables. Use Financing to Provide a Cushion.

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5 Critical Construction Project Reports your System Should Pull Without Fuss

Viewpoint Construction Technology

The main reason construction businesses implement an integrated project management system is for the visibility that they can gain over every aspect of a project. Here’s a list of key reports that you should be able to pull at any moment from your construction project management software: Basic Accounting Reports.

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Viewpoint Technology Awards – Call for Submissions

Viewpoint Construction Technology

Internally, Southern Botanical was also looking for greater revenue cycle efficiency and more consistent cash flow. To provide a solution, Southern Botanical created a secure customer payment portal that syncs data from Vista to provide accurate data management and reporting. The company’s results were amazing.

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Construction Business Owner Blogs

Construction Business Owner

It got me to thinking – I need to develop a (much simpler) stress test model for my own company. I would challenge you to create simple models that allow you to give your own organization random “stress” tests. Committing Intentional Project Communications. construction management. document management.