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Construction Cash Flow Forecasting: How Seeing the Full Picture Can Boost Your Profits

Viewpoint Construction Technology

Leslie Shiner's tips for maximizing construction cash flow and improving contractors' bottom lines.

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4 Mistakes to Avoid in Construction Bidding

Viewpoint Construction Technology

Missing the Mark on Profitability. With an ongoing shortage of construction jobs, it can be tempting to bid at every one that comes along, whether or not they’ll actually earn you a profit. That said, calculating profit margin can be tricky, so be sure you don’t undercut your own profitability as the number start flying.

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A Discussion on Change Management within Technology Adoption: the Good, the Bad and the Profitable

Viewpoint Construction Technology

Construction companies of all sizes and across all regions are realizing the need to adopt the latest technologies into their operations in order to keep up with demand and to remain profitable. We can bill it immediately, which helps to improve our work and cash flow. However, this is easier said than done.

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Uncertain Times Call for Construction Technology Growth

Viewpoint Construction Technology

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. Want to find out how Viewpoint can help? Benefits of Updates.

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5 Critical Construction Project Reports your System Should Pull Without Fuss

Viewpoint Construction Technology

At a bare minimum, you’ll need the following for your accounting function: profit and loss report, balance sheets, trial balance and trading summaries. These basic reports are critical to business profit and loss, and if your system can’t seamlessly pull them all in a flash it’s time to take a look at what else is out there.

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Construction Business Owner Blogs

Construction Business Owner

Healthy Competition » Free Webinar on Reducing Profit Fade. One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs.

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Business Intelligence for Construction is On the Rise & It’s Obvious Why Contractors are Loving It

Viewpoint Construction Technology

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