Contractor Bookkeeping

APRIL 19, 2024

As a construction company owner, you have the best chances of success when you regularly set budgets, develop financial forecasts, and establish goals. Budgeting, forecasting, and goal-setting are best business practices that can help you stay on track and ensure long-term success.

Forecasting 126

Forecasting Budgeting Budget Construction 126

HardHatChat

MAY 15, 2013

Hospitality construction has been a bright spot for commercial construction general contractors in 2013 across all spectrums of the market. According to the American Institute of Architect’s semiannual Consensus Construction Forecast , hotel construction is predicted to grow 15.7 percent in 2013. We’ve done it all.

Contractors 222

Contractors Chicago Commercial Travel 222

Viewpoint Construction Technology

FEBRUARY 19, 2019

Effectively managing cash flow is critical for contractors’ success. Considering these complexities, it’s easy to understand why, throughout the life of a project, a variety of things can change — directly impacting the original cash flow forecast. Create Rolling Enterprise Cash Flow Forecasts.

Cash Flow 130

Cash Flow Forecasting Software Software 130

Construction Business Owner

SEPTEMBER 27, 2021

In 2020, there was some tightening of surety credit for certain sectors, but generally speaking, the premier contractors had no issues securing bonds and that trend is expected to continue and the surety and finance industry is forecasted to be robust for the remainder of 2021 and into 2022.

United States 294

United States Forecasting Finance Security 294

Contractor Magazine

DECEMBER 30, 2024

Which way is the construction market heading in the coming year, and what are the chief economic factors that might affect mechanical contractors?

Forecasting 126

Forecasting Industrial Contractors Construction 126

Contractor Bookkeeping

JUNE 5, 2020

Some contractors think managing cash flow means keeping track of how much money enters and leaves their business, but there's actually more that goes into it. Contractors and sub-contractors know there is more to profits than what is shown above, and most of you rely on your "gut feel" to see when the project has made a profit or not.

Cash Flow 78

Cash Flow Forecasting Contractors Profitability 78

Construction Business Owner

MAY 30, 2013

All contractors experience profit fade, a trending reduction in gross profit on a project, at some point. However, the magnitude of such a loss of profit can be mitigated if the correct controls are in place.'

Profitability 136

Profitability Forecasting Contractors 136

Job Order Contracting

MARCH 26, 2023

Lump sum or poorly detailed contractor or subcontractor quotes, historical cost data, or national average cost data do not provide any ability for cost management to an owner. Project completion time (forecast vs. actual). Project cost (forecast vs. actual). Sample KPIs include: • Labor productivity rates.

Management 264

Management Procurement Forecasting Change Orders 264

Job Order Contracting

MARCH 7, 2025

Better contractor alignment Estimates match how local subcontractors and suppliers bid , reducing disputes. This results in 30%-40% pricing errors in many cases because actual local conditions (supply chain disruptions, contractor demand, labor shortages, inflation) do not align with outdated national data plus an economic multiplier.

Management 147

Management Estimating Change Orders Construction 147

Viewpoint Construction Technology

AUGUST 23, 2022

Part 2 of this two-part series looks at the opportunities Australian and New Zealand contractors have ahead of them.

Forecasting 169

Forecasting Industrial Contractors Construction 169

Viewpoint Construction Technology

AUGUST 16, 2022

Part 1 of this two-part series looks at the challenges Australian and New Zealand contractors are still facing and what that means for work ahead.

Forecasting 169

Forecasting Industrial Contractors Construction 169

Job Order Contracting

NOVEMBER 30, 2022

The recently published survey of 243 owners (122 public, 121 private), 240 general contractors and 241 specialty trade. contractors, noted the following… Less than 24% of respondents said that their organization was capable of the following. I can accurately assess risk related to any changes, billing, or performance issues.

Management 262

Management Construction Forecasting Organization 262

Construction Dive

MARCH 15, 2023

New work continues to surge despite a gloomy economic forecast and elevated borrowing costs, per analysis from Associated Builders and Contractors.

Forecasting 148

Forecasting Contractors 148

Viewpoint Construction Technology

SEPTEMBER 17, 2019

Why contractors are increasingly turning to leading-edge construction management software to harness data and intelligence for future growth.

Software 130

Software Software Forecasting Construction 130

Construction Business Owner

JANUARY 10, 2024

From project forecasting to employee training, here is a list of strategies contractors can use to improve efficiency through their rental journey. For businesses that utilize rentals, there are a number of ways in which they can improve their efficiency throughout the rental process.

Forecasting 156

Forecasting Budgeting Budget Contractors 156

Lets Build

JUNE 7, 2018

Ask around, and you’re sure to find those who can come up with reasons NOT to be an independent contractor. This is forecasted to increase to nearly half in the next decade. It’s important to know that this is to be expected, as anywhere from 30 to 40 percent of the workforce works for themselves.

Contractors 94

Contractors Forecasting Industrial Construction 94

Contractor Magazine

APRIL 30, 2013

CHICAGO — This March, CONTRACTOR surveyed readers to find out what are the most used corded and cordless power tools amongst contractors today, along with identifying types of construction involvement, assessing annual spending on power tools, and finding out where contractors prefer to purchase those tools. Cordless Tools'

Contractors 89

Contractors Forecasting Chicago Industrial 89

ENR Construction

FEBRUARY 6, 2020

Alongside swarms of contractors and other industry professionals pouring in to see the latest in concrete equipment, tools and products at the annual World of Concrete trade show in Las Vegas, the Portland Cement Association released a relatively rosy economic forecast for 2020 into 2021.

Forecasting 68

Forecasting Las Vegas Concrete Portland 68

BD+C

DECEMBER 8, 2014

architecture, engineering, and construction companies, with a majority of AEC firms reporting higher revenues, strong forecasts, and sound financial health, according to Building Design+Construction’s fourth annual Market Forecast Survey. The market outlook is brighter for U.S. Body Image: read more.

Forecasting 109

Forecasting Architecture Engineering Design 109

Viewpoint Construction Technology

OCTOBER 23, 2018

Many contractors are practically drowning in data and don’t have the right tools to parse and analyze the data in ways that would have meaningful impacts on their projects. We’ve heard our customers discuss it at both our Digital Contractor Roadshows and our Collaborate 2018 user conference this year. That, however, is changing.

Construction 241

Construction Software Software Cash Flow 241

BD+C

JULY 28, 2014

Architects Building Owner Contractors Designers Engineers Facility Managers' Washington, D.C.

Forecasting 94

Forecasting AIA Washington Engineering 94

Viewpoint Construction Technology

JUNE 10, 2015

Overall growth in the construction industry indicates now is the time for contractors to take advantage of an improving economy to expand their business. Yet that’s exactly what contractors across the country are faced with as the industry prepares to hire again.

Industrial 195

Industrial Forecasting Retail Construction 195

Contractor Bookkeeping

JUNE 19, 2015

A simple financial forecasting tool that links to your Contractors QuickBooks file, does most of the work for you and it's. Until now putting together a formal Business Plan more painful than a letting a dentist work on you without painkiller! We found the answer. PAINLESS!

Forecasting 48

Forecasting Contractors Plans Bidding 48

Viewpoint Construction Technology

JANUARY 10, 2018

In addition to improved collaboration, the right software can streamline processes through features like web-based access and automated workflows, improving the overall project management experience for contractors, subcontractors, and project owners. We recently discussed ways business intelligence can help contractors get ahead.

Software 217

Software Software South Carolina Change Orders 217

Contractor Magazine

JANUARY 6, 2023

Fears of recession, persistent inflation, an unforgiving job market—and yet most contractors are optimistic about business in 2023.

Forecasting 80

Forecasting Contractors Construction 80

Construction Marketing

FEBRUARY 14, 2022

ERP software can inform you of possible inventory needs through smart forecasting. Consider Hiring A Professional Site Services Contractor. Hiring a professional site services contractor can help you keep your focus on other aspects of your business.

Inventory 285

Inventory Management Site Construction 285

Viewpoint Construction Technology

MARCH 14, 2018

Lagging productivity hurts contractors in many ways, including lost jobs, low profits, and unnecessary headaches like change orders and rework. Leading-edge software and technology are helping contractors streamline construction processes with tools for mobile data capture, automated workflows and more. Create One Source of Data.

Products 221

Products Software Software Project Management 221

Green Industry Professionals

SEPTEMBER 10, 2019

The Old Farmer’s Almanac Long Range Weather Forecasts show deviations from normal temperatures and above average precipitation amounts for some areas.

Forecasting 85

Forecasting Contractors 85

Autodesk Construction Cloud

AUGUST 11, 2021

Without being able to accurately forecast cash flow, making important decisions about the future of your firm or projects is a risky venture at best. The challenge with forecasting is that it’s often a time-consuming process making sense of scattered data , various spreadsheets, and multiple disconnected processes or systems.

Cash Flow 52

Cash Flow Forecasting Autodesk Construction 52

Contractor Bookkeeping

JANUARY 7, 2022

In normal times, contractors who pay close attention to their Five Key Performance Indicators financial reports and stay aware of the macro global economy and the microlocal economy can plan and earn an expected profit after paying themselves a reasonable salary.

Industrial 111

Industrial Forecasting Construction Profitability 111

Construction Junkie

MAY 12, 2020

On the other hand, T&M can be a source of heartburn for owners and contractors, because costs can come as a surprise by the end of the project, which can lead to disputes. To allow for much easier and organized documentation, Riskcast has recently released a new T&M Module on their productivity and forecasting platform.

Forecasting 70

Forecasting Materials Products Documentation 70

Viewpoint Construction Technology

MAY 7, 2019

Effectively managing the materials on jobsites with modern software can have a significant impact on contractors bottom lines. Construction materials management software has helped ease materials burdens, and with advances like the cloud, it’s getting even easier for contractors to take control of their materials processes.

Materials 247

Materials Software Software Management 247

Construction Business Owner

APRIL 25, 2022

Seventy-three percent of contractors list the construction labor shortage as their top concern in 2022. Join us for a webinar to unlock key insights into the six pillars of proper workforce management: communication; scheduling; data management; people management; forecasting; and actuals and analytics.

Management 334

Management Virgin Islands ProCore Puerto Rico 334

BD+C

AUGUST 5, 2014

Contractors' A combination of low interest rates; wealth effects stemming from a booming stock market and rising home prices; surging energy production; and expanding industrial output has helped position the U.S.

ABC 99

ABC NAHB Forecasting AIA 99

BD+C

DECEMBER 9, 2014

Associated Builders and Contractors (ABC) forecasts a steady and ongoing economic recovery for the U.S. Architects Building Owner Contractors Designers Engineers Facility Managers Building Team' commercial and industrial construction industries in 2015. Body Image: read more.

ABC 95

ABC Industrial Forecasting Construction 95

BD+C

DECEMBER 9, 2014

Associated Builders and Contractors (ABC) forecasts a steady and ongoing economic recovery for the U.S. Architects Building Owner Contractors Designers Engineers Facility Managers Building Team' commercial and industrial construction industries in 2015. Body Image: read more.

ABC 91

ABC Industrial Forecasting Construction 91