Viewpoint Construction Technology

APRIL 2, 2019

The cloud is making construction management much simpler, productive and profitable. Modern software ensures real-time and accurate data to better estimate projects, stick to budgets and timelines and maximize performance and profitability. Benefits of Updates.

Construction 237

Construction Software Software Viewpoint 237

Construction Business Owner

DECEMBER 6, 2011

In running a business, there must always be a certain amount of risk that you’re willing to take. Risk is healthy; it keeps things fresh and gives you the opportunity to evolve. I took a risk in 2005 and dressed up as Superman for a marketing campaign. Or you could take a risk in offering a new product. Stay Hungry.

Construction 195

Construction Software Software Accounting 195

Construction Business Owner

APRIL 5, 2012

Green Construction & Construction Software » The Business of Construction Risk Management. With every project, no matter how big or small, there is always risk – risk of injury, financial responsibility, or quality assurance. If you stop to think about it, it’s clear that risk carries a dollar value.

Risk 120

Risk Insurance Construction Software 120

Viewpoint Construction Technology

FEBRUARY 7, 2019

Considering contractors face ongoing high pressure to perform and operate with razor-thin profit margins, there’s no doubt: construction is a challenging industry.

Contractors 204

Contractors Cash Flow Construction Management 204

Lets Build

DECEMBER 2, 2022

From a builder’s perspective, many potential risk factors can be anticipated and pre-emptively resolved by developing a construction quality management plan. A game of risk. Risk assessments are never glamorous, but they’re essential throughout the lifespan of any project. Creating a plan.

Management 156

Management Construction Risk Cash Flow 156

Construction Marketing

SEPTEMBER 24, 2015

This article outlines three important documents that you’ll need in order to start and run a profitable business. Your business plan should also identify potential risks that could result in cash flow problems. A lot of new business owners struggle in the beginning, as there’s so much paperwork and research required.

Documentation 120

Documentation Insurance Legal Liability 120

Levelset

MARCH 29, 2022

Rising costs during a construction project affect not only the project’s profitability — they affect a contractor’s ability to survive. Economic growth already strains a construction company’s cash flow , and increasing costs only make it worse. Get materials now, keep your cash. Learn More.

Deals 98

Deals Contractors Cash Flow Construction 98

Safety Services Company

FEBRUARY 19, 2020

IS YOUR BUSINESS EFFECTIVELY PRIORITIZING CONSTRUCTION RISK MANAGEMENT? Truth be told, every industry involves risk. 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.

Risk 62

Risk Management Construction Safety 62

Safety Services Company

FEBRUARY 18, 2020

How Well Does Your Business Prioritize Construction Risk Management? Truth be told, every industry involves risk. 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.

Risk 62

Risk Management Construction Safety 62

Autodesk Construction Cloud

FEBRUARY 25, 2022

For another, work delays from 2021 are likely to impact the risk of subcontractor default in 2022 and beyond. . The following standard financial ratios can help risk management teams evaluate potential trade partners during the subcontractor qualification process. FINANCIAL RATIOS: PROFITABILITY . Gross Profit Margin .

Safety 94

Safety Debt Liability Equity 94

Lets Build

JULY 8, 2022

Some companies have introduced limits on the number of staff in defined areas, while the increasing adoption of RPE (rate of perceived exertion) also helps to mitigate risks. We recommend a post-COVID risk assessment on IT systems, probing for weaknesses. There’s been greater adoption of flexible work schedules.

Industrial 148

Industrial Construction Cash Flow Retail 148

Fieldwire

AUGUST 14, 2023

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. Retainage can cause a cash flow burden for contractors, especially subs at the bottom of the payment chain.

Contractors 98

Contractors Cash Flow Lien Negotiation 98

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

MARCH 1, 2012

« Collaborating on Cash flow. According to my friend Eric Carter, President of Approach Technology , simplistic passwords are the biggest security risks. Your risk will decrease significantly. About Us Contact Us Advertise Press Releases Upload Artwork Via FTP -->. Free Subscriptions. Home » Blogs. foundation.

Construction 120

Construction Cash Flow Security Software 120

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. There’s seemingly no risk of losing money on materials.

Contract 98

Contract Maine Construction Agreement 98

Levelset

OCTOBER 19, 2022

However, before starting work on a building financed with a construction-to-permanent loan, both property owners and contractors need to understand the risks. Contractor risks with a construction-to-permanent loan. There are common risks that are prevalent in every construction loan program. Budgeting problems.

Contractors 98

Contractors Lien Finance Construction 98

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. . Profit margins absolutely matter. But while profit margins play an essential role in a builder’s value, it’s not as simple as a higher margin driving a higher price.

Inventory 98

Inventory Cash Flow Profitability Deals 98

Construction Business Owner

FEBRUARY 2, 2012

In the end, jobs must translate to bottom-line profitability.” In this article, Schoppman explains how business owners should evaluate construction professionals on specific criteria to enhance margin, improve productivity and hedge construction risks. What do you use to evaluate your team? February 2009. January 2009. December 2008.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

OCTOBER 14, 2011

But most of the risks are either things within your control, or are at least calculated on likely outcomes. Change orders can be harder to manage – and present more of a profitability challenge – than pre-planned project work. Yes, change orders are nearly inevitable. My reaction was “No, they’re a cost center but an important one.

Change Orders 120

Change Orders Construction Software Software 120

Viewpoint Construction Technology

NOVEMBER 5, 2018

With violations often resulting in enormous fines and serious punishments (a case in point is the current ramifications of using polyethylene core-filled panels currently affecting firms in Melbourne), companies are placed in a position where they walk on tiptoes or risk putting their operations in hot water.

Software 130

Software Software Management Construction 130

Construction Enquirer

JULY 19, 2023

Andrew Davies, chief executive, said that despite inflationary pressures Kier would report revenue and profit in line with expectations in September. He added that Kier had generated better positive operating cash flow for the year and would now report a net cash position of around £60m at the year-end, higher than the £2.9m

Debt 47

Debt Cash Flow Profitability Forecasting 47

Construction Business Owner

AUGUST 19, 2011

These are risk takers, men and women who are driven to hustle and make a profit—not the sitting still type. 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. January 2009. December 2008. November 2008. August 2008.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

JANUARY 12, 2012

While documentation management and team member prequalification may seem fairly obvious sources of added costs and risks, administrative costs may not seem so obvious. Administrative & Communication Costs. When I was a general contractor, I sent out invitations to bid, but the communication didn’t end there. February 2009. January 2009.

Bidding 149

Bidding Construction Documentation Software 149

Autodesk Construction Cloud

FEBRUARY 9, 2022

Billd allows you to take complete control of your cash flow and run your business on your terms. Easily embed Document Crunch into Autodesk Build or BIM 360 Project Home dashboards to quickly understand and manage risk within documents such as contracts, insurance policies, and specifications. Not anymore. Document Crunch.

Autodesk 98

Autodesk BIM Construction Safety 98

Construction Marketing

AUGUST 24, 2011

A favorable article in Fine Woodworking magazine led to a flood of orders lasting months, which gave Louis the cash flow to design and manufacture other products he’s added to his lineup. Louis started out nine years ago with a single product —a 3-inch high-tension steel spring. If so, would your reader benefit by knowing these ways?

Products 234

Products San Jose Design Cash Flow 234

Building Radar

NOVEMBER 11, 2024

Capitalizing construction loan interest can have significant implications for project budgets, cash flow, and tax deductions. Capitalizing construction loan interest can reduce taxable income and improve cash flow by spreading the interest costs across the asset’s life, which is particularly advantageous in long-term projects.

Cash Flow 52

Cash Flow Construction Guidelines Profitability 52

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. A safer site incurs less risk and long-term costs.

Profitability 52

Profitability Products CFMA Construction 52

Construction Business Owner

JANUARY 4, 2011

Some well managed businesses took some overly aggressive risks and are no longer with us. Not to double digit profit growth and sales increases, but to a more sustainable, long term path. Most poorly managed businesses aren’t with us, either. We needed this wake up call. My sons are 4 and 7 years old. February 2009. foundation.

Construction 120

Construction Software Software US 120

Construction Business Owner

OCTOBER 10, 2011

From his story it became clear to me that while you can do powerful things with spreadsheets if you devote the time, you run into three serious risks: Complex tasks require complex programming, something off-the-shelf spreadsheets aren’t designed to support (especially when it comes to troubleshooting). February 2009. January 2009.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

FEBRUARY 9, 2012

Current software providers can jump on the bandwagon, or risk losing out to new developers, or perhaps even these specialty apps created by contractors. While not every contractor has the resources to create their own “app,” the need for construction applications is present, and demand is growing. What are the pros/cons?

Software 120

Software Software Construction Accounting 120

Construction Business Owner

FEBRUARY 23, 2012

I think it’s safe to say that when most people say they’re concerned with security, they’re concerned with mitigating the risk of fraud, both internally and externally, and physical access to the data. According to Eric, most of his clients have “far humbler” security checkpoints than what a data center can offer. February 2009. January 2009.

Security 120

Security Construction Software Software 120

Construction Business Owner

APRIL 12, 2012

« The Business of Construction Risk Management. About Us Contact Us Advertise Press Releases Upload Artwork Via FTP -->. Free Subscriptions. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Home » Blogs. Connecting in Construction » Green Construction & Construction Software.

Construction 120

Construction Certification Green Software 120

Contractor Bookkeeping

JULY 27, 2012

Assets of Company - Cash / Receivables – Payables / Trucks / Tools / Equipment / Material. Assets of Firm - Cash / Business Process / Sales Process / Client List / Predictable Cash Flow. Contractor Not A Banker - Student of Business Consulting And Accounting who has mastered the art of managing cash flow properly.

Contractors 64

Contractors Cash Flow Construction Accounting 64

Autodesk Construction Cloud

FEBRUARY 1, 2022

Up to 60% of general contractors say it has a high or very high negative impact on profitability. It’s possible to improve quality control in construction by working towards closeout earlier, focusing on using quality workflows, conducting risk assessments frequently, and standardizing your processes. Conduct frequent risk assessments.

Management 97

Management Construction Risk Documentation 97

Pro Builder

JANUARY 5, 2022

Buy-to-rent investment purchases could pose a substantial risk to the housing market, particularly with dwindling supply. The buyers of the security are counting on the cash flow from renting those 3,836 homes. Investor Purchases of Single-Family Homes Threaten an Overcrowded Market. Wed, 01/05/2022 - 10:27. Build to Rent.

Cash Flow 52

Cash Flow Finance Security Income 52

Contractor Bookkeeping

NOVEMBER 8, 2012

Of Course If Any Or All The Following Apply - To your company then it is not big deal; this isn’t for you: You have lots of money, no cash flow issues, and every one of your clients pay before you even ask. Washington State Resale Certificates - Help contractors increase cash flow. What if you still haven’t billed yet?

Washington 49

Washington Certification Cash Flow Contractors 49

Construction Business Owner

MARCH 29, 2012

The Business of Construction Risk Management » The Fundamentals of Building Information Modeling (BIM). Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Home » Blogs. « Lessons in Construction Leadership. I love basketball. March Madness is my time of year. February 2009. January 2009.

BIM 120

BIM Construction Software Software 120