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
Securing funding is one of the most crucial steps when starting or expanding a business. Equipment Financing: These loans are specifically designed to finance the purchase of business equipment and are often secured by the equipment itself. Read on to learn how to finance a business with either short-term or long-term financing.
To cover these expenses, restoration contractors need to manage their cashflow to ensure they have enough money in the bank — especially when the insurance company is dragging their feet. Poor cashflow management is the number one reason why construction businesses fail. Plan out your cashflow.
For any business, having enough operational cash on hand is critical. Without being able to accurately forecast cashflow, making important decisions about the future of your firm or projects is a risky venture at best. CashFlow Forecasting with Autodesk Construction Cloud. Connecting Cost & Time.
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.
Whether you're managing seasonal cashflow challenges, dealing with unexpected equipment repairs, or planning to scale your operations, securing the right funding is essential for success. Learn how to bridge payment delays, fund urgent projects, and seize new opportunities without compromising your cashflow.
Business Plan. A business plan is vital for a number of reasons. Second, if you’re looking to raise finance, all potential investors will ask to see your business plan before agreeing to fund you. Second, if you’re looking to raise finance, all potential investors will ask to see your business plan before agreeing to fund you.
While some of your company’s corporate image will come about naturally based on the work that you do and the manner in which you do it, companies that have a specific plan in place to create a corporate image have much more control over how they are perceived. General Management. Software & Technology. Accounting & Finance. Construction Law.
So it’s no surprise that whenever I talk to companies about how they store their data, the number one concern I hear is in regards to security. According to Eric, most of his clients have “far humbler” security checkpoints than what a data center can offer. Today’s Cloud Security. General Management. Software & Technology.
Rarely does a finished project exactly mirror the original plans. I know from my days as a general contractor that plans and specifications are altered continuously as subcontractors become involved, materials are changed, and change orders are issued. General Management. Software & Technology. Accounting & Finance. Construction Law.
Through integrated back office and field capabilities, you can improve how you bid, plan, staff, run, monitor, and close out self-performing projects, all while improving operational excellence. Enhanced security. Improved cashflow. Increased efficiency and productivity. Improved collaboration. Transparent reporting.
ROPE stands for Research, Organize, Plan, and Execute. The planning phase begins when our analyst designs the application from the user’s perspective. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing.
For example do you know how easily your project team can access construction plans and specs? So focusing on a plan to improve project document management is a great start to better project communications. But this raises other concerns, security usually topping the list. General Management. Software & Technology. Industry News.
Create a plan that makes sense. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect. Industry News.
Lines of credit are meant to be a short-term cash solution while you’re waiting for accounts receivable to come in. Plan to use the funds for basic operational items — not capital purchases, such as construction equipment. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. August 2008.
You can keep these records in a real file or a digital one, although a digital one tends to be more secure and less likely to be misplaced. You’ll also want to consider securing high-value materials, and adding additional safety measures, such as surveillance or locks, to materials that might be vulnerable to theft. About Sortly.
While labor shortages may seem like a people problem, they’re a cashflow issue too. For companies to offer competitive salaries and maintain payroll, they must have enough cashflow to pay overhead costs and employees. Hiring the right people is critical to running a business successfully.
With so many sources of information, it’s never been more important to take charge and develop a business information plan. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center.
Rather than learning about the project in a “drive by” data dump hours before mobilization, the superintendent has becomes an instrumental cog in the preconstruction planning process. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Sales/Marketing.
You have the right people on board; so now give them a solid game plan to make this new technology work. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Ask the Expert.
I dream about Foundation, and I make plans for its future. That’s not to say that they always turn out the way I plan. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center.
Obviously to bid a job, you have to access the documents, which can be costly to say the least when you consider the costs of plan room memberships and purchasing and printing documents. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Sales/Marketing.
Better yet, what would you do if you suddenly found more work than you planned on? To the contrary, planning such as this allows you a dashboard into your business that your competitors that don’t do this type of testing won’t have. General Management. Software & Technology. Accounting & Finance. Construction Law.
Check out McGraw Hill’s Dodge Plan Center and their Network Express site. There are also local, regional and even national plan centers that have bidding project information that might help. In the meantime, keep in mind that spending a little time planning now can pay off in increased efficiency and better job performance later.
Sometimes, as you know, project documents can devote an entire plan sheet or spec section to a list of abbreviations and acronyms. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management.
They are the ones who take the time to reflect and engage in strategic planning–and perhaps most importantly understand how to crunch the numbers. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing.
This withholdage helps manage cashflow and ensures that contractors address any final issues before receiving the full payment. Implications for Contractors While retainage benefits clients, it can present challenges for contractors, particularly regarding cashflow.
economy needs to get moving again; however, their nature of being newer, less capitalized or less established creates a Catch-22 that impedes their ability to secure the credit they need. This is a critical benefit since cashflow is often a concern for small and new businesses. Meet the business’s equipment needs.
In a year-end trading statement, Kier said it had also managed to keep the order book above £10bn, with 85% of next year’s forecast revenue already secured. He added that Kier had generated better positive operating cashflow for the year and would now report a net cash position of around £60m at the year-end, higher than the £2.9m
PLAN AHEAD and have a Go Live date in mind. Then you can create a realistic implementation plan. But you can consider new software anytime, and the best way for you to figure out your going live date is to PLAN and give yourself plenty of time (the more the better!). General Management. Software & Technology. Construction Law.
« Data Security in the Cloud. Step 2: Make a plan and figure out the data you need to collect. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Ask the Expert.
The fact that variation is going to occur (relative to planned activities and outcomes) during the project is a given. Fortunately, tools and services are available to improve organizational maturity with respect to construction planning, procurement, and project delivery. Edwards Deming – T he System of Profound Knowledge.
At the time, we still couldn’t see plans or email pictures back and forth, but the fact that we could call in a change or talk to someone in the office took hours off of the work week. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Sales/Marketing.
If both the owning and operating costs for a piece of equipment are exactly what you planned for, then the “dot” for that piece would be placed in the center of the graph. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations.
or higher, then it might be time to consider implementing a comprehensive safety plan to try and reduce your workers compensation insurance costs. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Resource Center.
Yet it’s a surprisingly common practice for business owners to bid at losses, and when I ask them how they plan to come out in the black on the other side of these projects, the nearly universal answer is “We’ll make it up in change orders.” But it’s not easy money, and it’s certainly not money we plan for.”.
Capitalizing construction loan interest can have significant implications for project budgets, cashflow, and tax deductions. We’ll also highlight tools like Building Radar that help streamline project planning, offering further financial benefits to construction businesses. What is Construction Loan Interest?
Without good document management, you may lose emails, plans, sketches, and correspondence related to the issue. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. August 2008.
Town Hall on the impact of COVID-19: Secure your spot! 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. A change in the way supply chains plan for the future has become apparent. Switch of focus for the supply chains.
Many of the contractors immediately shot down the concept with the age old line of questioning that pertains to the architects’ inability to draft an affordably reproduced plan and a perceived desire to be the next Frank Lloyd Wright on a modest budget. General Management. Software & Technology. Accounting & Finance. Construction Law.
Whether or not you plan to do away with your PC and adopt a tablet-only way of life, one thing is certain: software must adapt to the new environment. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. January 2009.
Restricted cashflow. In the meantime, they extended themselves on the replacement item, and they’re out that cash. And, if cashflow is tight that month, they might take out a line of credit and pay interest moving forward. Learn more about cashflow in construction. Secure the site.
Has your company adopted any browser-based business software or do you plan to? General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory.
As a civil contractor I’m planning to market my services using Internet Marketing. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory.
For every phase you finish under budget, there may be an unexpected problem waiting to wipe out any savings that you’ve planned and budgeted for. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Resource Center.
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