Construction Business Owner

JANUARY 6, 2011

I have been amazed at the popularity of the webinars and it will be very exciting to present a live one each afternoon at the show. The thing I like most about the World of Concrete is that I will get to interact with a large numbers of contractors during the four day show. Hope to see you all at the show. February 2009. January 2009.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

OCTOBER 10, 2011

I certainly don’t have all of the answers, which is why I’ve asked Gregg Schoppman from FMI to present a webinar on social media. So you may be wondering, “Do I tweet or post or share or like, and most importantly, how does this affect my business?” February 2009. January 2009. December 2008. November 2008. October 2008. September 2008.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

FEBRUARY 2, 2012

Jim is a senior consultant with FMI and specializes in building profits by developing tailored operations strategies for his clients. If leadership success was measured only on profitability, then there were certainly many “great leaders” sitting in the CEO position of many contracting companies. February 2009. January 2009.

Construction 120

Construction Software Software Accounting 120

Autodesk Construction Cloud

FEBRUARY 1, 2024

Despite this, both general contractors and subcontractors struggle with the complexities of the payment process and face significant cash flow obstacles. Time and time again, I hear about contractors’ frustrations and struggles with late payments and cash flow and how it negatively impacts their businesses.

Autodesk 87

Autodesk Cash Flow Construction Risk 87

Construction Business Owner

JANUARY 12, 2012

I was in a conference room full of general contractors a couple of years ago, and the presenter asked, “How many of you prequalify your subcontractors?” Keeping track of what’s current in that huge set of documents and making sure others on your team are using current documents are critical. It can also be very time consuming and expensive.

Bidding 149

Bidding Construction Documentation Software 149

Autodesk Construction Cloud

SEPTEMBER 1, 2022

Knowing which contract to use when is critical to ensuring a successful outcome in delivery, customer satisfaction, and profit. Knowing which general construction contract to use and when to use one is vital to a successful project, your customers’ satisfaction, and your profits. Plus, you know you’ll incur a profit.

Contract 98

Contract Maine Construction Agreement 98

Construction Business Owner

JANUARY 13, 2012

During the first part of the meeting, he presented us with a video of Nick Saban, the University of Alabama’s football coach, giving a speech to a group of 1,000 8- to 13-year-old boys attending Coach Saban’s football camp in June 2011. In one of our recent quarterly meetings (in the fall of 2011), he had a special surprise for us.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

JULY 12, 2012

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. Document Tracking. February 2009.

Construction 136

Construction Documentation Software Software 136

Construction Business Owner

JUNE 1, 2012

Each user can typically customize their own dashboard to present just the information that’s important to them, and multiple individuals can be given publishing ability to post information. It can be used to deliver information in near real-time, serving up notices, reminders, company news, links to resources, and even applications.

Construction 120

Construction Software Software Accounting 120

Autodesk Construction Cloud

DECEMBER 12, 2021

Below, let’s discuss the importance of construction KPIs and critical metrics your company should be measuring to affect profits and productivity. Similarly, although basic construction project metrics concern costs and time, profit isn’t the only performance issue to measure. Key Takeaways. Check in on Your KPIs.

Profitability 52

Profitability Products CFMA Construction 52

Levelset

JULY 22, 2022

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Keep the cash flowing like water down a valley. Here’s a little-known fact about growing a roofing business: It can be incredibly cash-hungry. You need to be a master of your cash flow.

Cash Flow 52

Cash Flow Overhead Accounting Profitability 52

Construction Business Owner

DECEMBER 9, 2011

This means that the user interfaces of browser-based applications must be designed for ease-of-use, and information must be presented in an easy-to-understand format. Usability: I think most Internet users expect anything in a browser to run quickly and easily. February 2009. January 2009. December 2008. November 2008. October 2008.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

FEBRUARY 9, 2012

While not every contractor has the resources to create their own “app,” the need for construction applications is present, and demand is growing. I’ve even read of contractors creating their own applications to fit their business. February 2009. January 2009. December 2008. November 2008. October 2008. September 2008.

Software 120

Software Software Construction Accounting 120

Autodesk Construction Cloud

MARCH 7, 2022

This growth and recent changes in the construction landscape present both challenges and opportunities for plumbing contractors. Doing so requires significant investment in monitoring timelines, building in efficiencies, and managing budgets to ensure the best results and greatest profitability. .

Contractors 98

Contractors Innovation Bidding Resource 98

Contractor Bookkeeping

MAY 30, 2013

Present value calculations. Discounted cash flows. Step 11 Construction Company - Annual profit as a percentage. Step 12 New Sales - Needed to generate same profit. Increase Sales Or Reduce Costs - The two main drivers of profit. Large purchases with a down payment and subsequent monthly payments.

Cash Flow 49

Cash Flow Profitability Equipment Estimating 49

Pro Builder

JUNE 9, 2021

Yet, here we are, with strong sales, great cash flow, abundant profits, and not enough people to build the homes. . Not if You Follow These 8 Steps to Make Trades Profitable. Labor Shortage Survey: Who's Leading? Where's the Solution? Labor Woes? 15 Ways to Solve Your Trade Shortage.

Profitability 98

Profitability Remodeling Cash Flow US 98

PSMJ Resources

APRIL 30, 2012

2) Scheduling serves as the foundation for cash flow plans. The project schedule defines when the firm is using cash and when. cash flow plan to the start and completion of schedule milestones in. quality, speed, and profitability. Business Presentations. This is not at all acceptable at any time.

Schedule 46

Schedule Resource Cash Flow Project Management 46

Contractor Bookkeeping

NOVEMBER 18, 2013

There are an infinite number of reasons why most construction companies do not generate a minimum 20% net profit and a six figure after tax income for the owners. When good stuff goes into your QuickBooks or Xero Accounting Online good reports come out that you can rely upon to make intelligent decisions which can lead to nice profit margins.

Accidents 49

Accidents Construction Accounting Profitability 49

Autodesk Construction Cloud

JULY 8, 2021

A key piece is having the ability to see and compare how much specific items or tasks cost so you can correctly forecast and manage cash flow. . While there are many benefits to using cost codes, the majority of them lie in standardization, cost control , analysis, and profitability. . Profitability . Standardization .

Construction 52

Construction Profitability Budget Budgeting 52

Levelset

AUGUST 16, 2022

Some contractors watch as their gross profit margins decrease when they take on larger jobs. It is also helpful to provide the surety with a cash flow projection for the project. Your available cash flow can also be affected by the payment terms and retention amount. Ability to absorb losses.

Risk 52

Risk Cash Flow Construction Banking 52

Safety Services Company

FEBRUARY 19, 2020

Ever-present risks can delay or completely derail investments. The possibility of running out of cash flow, mismanaging of funds, plummeting economy, increasing cost of materials, and other similar concerns are daunting and real. Like any investment, natural risks are an ever present concern. Increased Profits.

Risk 62

Risk Management Construction Safety 62

Safety Services Company

FEBRUARY 18, 2020

Ever-present risks can delay or completely derail investments. The possibility of running out of cash flow, mismanaging of funds, plummeting economy, increasing cost of materials, and other similar concerns are daunting and real. Like any investment, natural risks are an ever present concern. Increased Profits.

Risk 62

Risk Management Construction Safety 62

PSMJ Resources

MARCH 26, 2012

The PM must understand finance and serve as the last bastion of the firm’s cash flow picture. • Make the planned profit on every job. Every project manager must truly understand that in order to survive (not to mention prosper), design and construction firms must generate a profit. Business Presentations.

Project Management 43

Project Management Resource Management Cash Flow 43

PSMJ Resources

OCTOBER 6, 2011

These benchmarks are indicative of performance in the various aspects of business operations, including cash flow, overhead control, business development, project performance, staff utilization, and overall profitability. Business Presentations. Thomas Miller & Partners, LLC TSP Inc. The Wall Street Journal.

Resource 46

Resource Consulting Engineering Architecture 46

Contractor Bookkeeping

MAY 22, 2013

He evangelizes to his clients to manage cash flow first. His favorite saying is " cash is a fact, profit is an opinion.". DeHart''s clients simply log in and click through the "Big 5" reports - cash balance, profit and loss, balance sheet, receivables, and payables. the [reports] are shown in milliseconds.

Contractors 49

Contractors Accounting Software Software 49

Autodesk Construction Cloud

JANUARY 9, 2024

In 2023, the construction industry grappled with the lingering effects of supply chain disruptions, inflation, and ever-present labor shortages —a narrative that has become all too familiar. AI is generating interest as companies consider its potential impact on business operations and profitability.

Construction 137

Construction Autodesk Industrial Sustainability 137

Construction Cost Estimating

FEBRUARY 21, 2012

Video presentation. 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. Video presentation. FREE DOWNLOAD. Construction Suite. Online training.

Project Management 40

Project Management Software Software Accounting 40

Autodesk Construction Cloud

OCTOBER 28, 2021

The “why” behind having good data is clear—making good decisions to empower better project outcomes and profitability. Workflow guidance on flexible budget structures, contract generation for commitments, collaborative change order workflows, and cash flow forecasting. Josh Cheney, Sr. Manager of Strategic Alliances, Autodesk.

Autodesk 52

Autodesk Industrial Construction BIM 52

Pro Builder

JUNE 9, 2021

Yet, here we are, with strong sales, great cash flow, abundant profits, and not enough people to build the homes. . I first heard the term “builder of choice” 32 years ago in 1989 when I was working at Pulte Homes and Bill Pulte presented the concept at a board of directors meeting.

Remodeling 52

Remodeling Cash Flow Profitability US 52

Constructor Marketing that Works

DECEMBER 18, 2012

Longtime client Buddy Smith runs Russell’s , a neat and profitable $ 5M contracting business in Virginia. ” Not just a great feeling, but adding nearly a million dollars in sales has helped his cash flow, company morale, staff incentives and commissions, while boosting the customer count for the company.

Contractors 55

Contractors Electrical Contract Cash Flow 55

Autodesk Construction Cloud

JANUARY 31, 2022

Already present, hybrid players using new business models will gain importance. This achievement will reduce employee stress, streamline workflows, and increase profitability.” To that end, reducing risk, increasing productivity, margins and cash flow will be critical to the success of construction companies going forward.

Construction 97

Construction Autodesk BIM Modeling 97

Autodesk Construction Cloud

DECEMBER 18, 2021

The final days of a project have a huge impact on your overall profitability and success—as the saying goes, projects are remembered not by how they start but how they finish. Conflicts, claims, and disputes can slow your progress and eat up your profits; as soon as a change order becomes a claim, it becomes more difficult to resolve.

Change Orders 52

Change Orders Documentation Equipment Risk 52

PSMJ Resources

OCTOBER 7, 2008

PSMJ Founder Frank Stasiowski often reminds us that firms do not die from lack of profits, rather they die from lack of cash. Frank is suggesting that his A/E firm clients use a Sources and Uses of Cash statement instead of a P&L statement to help them through cash-strapped times.

Cash Flow 40

Cash Flow Management Airports Consulting 40

Pro Builder

JANUARY 31, 2023

The next-best average net profit of 11.41 generated net profits in excess of 12%, with 6.8% recording net profits of more than 20%, which comes out to an average net profit of 12.06%—a record in the 29-year history of our survey (see chart, below). was recorded in 2020. Builders recording losses represented 6.5%

Inventory 98

Inventory Housing Profitability Cash Flow 98

Buisness Facilities Contributed Content

APRIL 15, 2014

Create Rebate Program: An incentive that may be offered at the discretion of the director of the Arkansas Economic Development Commission in highly competitive situations, it provides annual cash payments based on a company’s annual payroll for new, full-time, permanent employees. TAX INCENTIVES. For more information please visit this link.

Income 108

Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

NON-PROFIT INCENTIVES: Provides an incentive payment (payroll rebate) equal to 4 percent of the payroll of the new, full-time, permanent employees for a period of up to five years. In addition, the non-profit organization must receive 75 percent of its income from out-of-state sources. Grants are also available to qualified, early?stage

Income 75

Income Finance Zoning Equipment 75

Building Information Management

MARCH 19, 2013

It is the aim of this paper, to present the complexity of the body of knowledge capturing the range of conflicting assumptions and understanding on the theories and practices of value management (VM) and life cycle-cost (LCC). It commences in II “epistemology of reflexivity, in this section, overview of reflexivity are presented.

Life Cycle 53

Life Cycle Management BIM Engineering 53