Construction Business Owner

SEPTEMBER 29, 2020

5 Ways Contractors Can Improve Profitability. By following project accounting best practices as they manage budgets and billing, they can help ensure the profitability of each project. How to reduce the risk of every project. Greg Ragsdale. Tue, 09/29/2020 - 11:13. 4 ways to make project closing easier—and more successful.

Profitability 207

Profitability Virgin Islands Contractors Puerto Rico 207

Construction Business Owner

JUNE 26, 2019

For any company with a fleet of light- or medium-duty vehicles, from service contractors to vendors and those in the transportation industry, increasing profitability often comes down to fostering an environment of greater employee accountability.

Profitability 243

Profitability Accounting Transportation Environment 243

Contractor Bookkeeping

APRIL 18, 2025

This was how John learned that trading for sales and trading for profit could be different. Chasing sales revenue is fine, provided your prices give you a sustainable profit. The bad news is that the business has actually lost money over the last quarter."

Profitability 101

Profitability Remodeling Overhead Accounting 101

Viewpoint Construction Technology

DECEMBER 20, 2023

Typical construction profit margins are slim, but going into the new year there are a few ways you can bump up those profit margins. Read more.

Profitability 317

Profitability Contractors Construction 317

Viewpoint Construction Technology

MAY 14, 2019

The most common contractor errors and how to avoid them to keep your construction projects safe, productive and profitable. The savvy contractor knows they can’t possibly avoid every jobsite mistake. This adds up to smarter, safer projects that are ultimately more profitable. Neglecting Safety Measures.

Contractors 296

Contractors Software Software Accidents 296

Viewpoint Construction Technology

APRIL 5, 2021

How specialty contractors use real-time construction data and analytics to improve profitability and productivity in 2021.

Contractors 266

Contractors Profitability Construction Products 266

Construction Business Owner

JULY 19, 2019

One contractor focused its efforts on decreasing waste and secondary time, and its employees now spend about 65% of their time on primary tasks— far above the industry average of 42%. Details here.

Profitability 293

Profitability Products Contractors Industrial 293

Viewpoint Construction Technology

NOVEMBER 4, 2021

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

Cash Flow 320

Cash Flow Forecasting Profitability Construction 320

Construction Business Owner

APRIL 30, 2024

For contractors operating with increasingly thin margins, accounting is essential for building a profitable construction business. Why Accurate Accounting Depends on Data Integration ccapoccia Tue, 04/30/2024 - 10:00 Construction accounting is more than just tracking numbers and compiling reports.

Accounting 348

Accounting Profitability Contractors Construction 348

Construction Business Owner

APRIL 20, 2023

CDT A growing consensus of contractors believes labor utilization can be greatly improved with the right software. Adopting software doesn’t mean you have to change processes or workflows — it’s about enhancing them with automation, reporting, historical record keeping and bulk actions that improve your business performance and profitability.

Software 282

Software Software Contractors Electrical 282

Construction Business Owner

NOVEMBER 9, 2023

How to Stop Profit Margin Fade ccapoccia Thu, 11/09/2023 - 10:03 The No. 1 challenge many contractors face is profit shrinkage or profit margin fade. The result is a lower profit margin than expected, or profit margin fade or shrinkage.

Profitability 156

Profitability Bidding Estimating Budgeting 156

Construction Business Owner

SEPTEMBER 18, 2023

Promote to rotator No Rotator Image Status of webinar Featured Stay on top of every project and maximize profitability. Central An accurate and timely Work-in-Progress (WIP) report is one of the most essential tools a contractor can use to optimize cash flow. Thu, 10/26/2023 - 12:00 1:00 p.m.

Work in Progress 358

Work in Progress Cash Flow Profitability Management 358

Contractor Bookkeeping

JANUARY 24, 2025

Managing a project budget is not just about numbers; its about ensuring your business is profitable. Did you know that 39% of projects fail due to budget issues? For small businesses and entrepreneurs, the stakes couldnt be higher.

Budgeting 123

Budgeting Budget Project Management Contractors 123

Construction Business Owner

JULY 25, 2023

Correlating Your Business Model to Profitability ccapoccia Tue, 07/25/2023 - 04:48 Whether you identify your business model or not, your company does have one. I practiced in public accounting for 18 years, specializing with contractors, and I oversaw 125 audits and reviews each year before I sold my practice.

Profitability 156

Profitability Modeling Infrastructure Accounting 156

Job Order Contracting

FEBRUARY 3, 2025

According to industry data, the average bid win percentage for a commercial contractor is 25%, meaning for every 10 bids submitted, they would win 2-3 projects. Importance of tracking win rate: It’s crucial for contractors to actively monitor their bid win rate to identify areas for improvement and strategize for better bid submissions.

Bidding 147

Bidding Construction Defense Contractors 147

Construction Business Owner

SEPTEMBER 17, 2019

Whether you are a general contractor, builder, specialty contractor or subcontractor, it takes labor, equipment and materials to complete a contract’s scope of work. Therefore, when pricing and estimating projects, you must include the time and money required for each in your bids. Here's how to do that properly. .

Profitability 249

Profitability Bidding Estimating Equipment 249

Construction Business Owner

MAY 6, 2024

Draft Your Org Chart for Growth & Profit ccapoccia Mon, 05/06/2024 - 13:20 Many contractors want to grow their companies to the next level but can’t and therefore don’t. They usually get stuck at a certain size and stop growing for multiple reasons.

Drafting 156

Drafting Profitability Contractors 156

Construction Business Owner

JANUARY 14, 2020

During the Great Recession, small contractors (companies under 10 employees) failed at a far higher rate than non-construction businesses. However, given the 200,000 business failures, the almost complete collapse of profitability and the immeasurable human cost—our industry was at ground zero and will be again in the next recession.

Profitability 334

Profitability Banking Residential Housing 334

Construction Business Owner

JUNE 25, 2019

Heavy construction is catching up to other sectors when it comes to deploying software, which is prompting contractors to closely examine the roles and integration of software solutions for field operations (where profits are made) and accounting (where profits are measured). .

Accounting 286

Accounting Profitability Software Software 286

The Constructor

MAY 13, 2021

There are various businesses that you can venture into for making the most profits. One business idea you can consider is providing quality services.

IDEA 241

IDEA Profitability Contractors 241

Construction Business Owner

FEBRUARY 7, 2024

Promote to rotator No Rotator Image Change orders are an inevitable part of doing business as a contractor and can often mean more revenue. Central Change orders are an inevitable part of doing business as a contractor and can often mean more revenue. Thu, 03/07/2024 - 12:00 1:00 p.m.

Change Orders 353

Change Orders Profitability Construction Contractors 353

Construction Business Owner

JULY 4, 2022

Using work-in-progress (WIP) reports to stay on top of every project & maximize profitability. An accurate and timely work-in-progress (WIP) report is one of the most essential tools a contractor can use to optimize cash flow. In this webinar, we will discuss: Five common mistakes that compromise cash flow and job profitability.

Work in Progress 287

Work in Progress Cash Flow Profitability Contractors 287

Construction Business Owner

SEPTEMBER 5, 2018

With concerns about labor and job complexity, contractors are constantly looking for ways to make their businesses more nimble and profitable. In today’s construction environment, the name of the game is agility. Utilizing rental equipment is a cornerstone of building and maintaining a versatile organization.

Equipment 325

Equipment Profitability Organization Environment 325

Construction Business Owner

SEPTEMBER 18, 2019

Smart contractors understand that safety must be both a core value and a strategic priority. As such, safety is a key driver of a construction company’s productivity, quality and profitability. The construction industry continues to invest heavily in safety management.

Safety 320

Safety Negotiation Bidding Profitability 320

Construction Business Owner

MAY 28, 2021

People and material make up the lion’s share of a contractor’s overhead, so it’s no surprise that efficiently managing these is the best way for contractors to improve their profitability. Even in 2021, many general contractors (GCs) use analog solutions like paper and pen to capture and understand these costs.

Overhead 317

Overhead Profitability Contractors Materials 317

Job Order Contracting

APRIL 8, 2025

Owners, design-builders and oversight groups no longer have to rely soley on national average cost data, location factoring, contractor quotes, or historical information. Lets work together to make it happen.

Estimating 234

Estimating Construction Organization Procurement 234

Contractor Bookkeeping

DECEMBER 6, 2024

For small business owners like you, understanding this process could be the key to increasing your profitability and ensuring that every job is priced right. Let's explore Job Costing, how it works, and how you can leverage it to enhance profitability.

Overhead 130

Overhead Profitability Construction Materials 130

Construction Business Owner

SEPTEMBER 22, 2022

Job costing measures the success throughout the job and provides insight into its future profitability. While not used in all industries, job costing is a proven method that the most successful contractors use to steer the financial success of their businesses. The different types of costs and their role in job costing. job costing.

Work in Progress 296

Work in Progress Construction Profitability Equipment 296

Construction Business Owner

JULY 12, 2023

Job costing measures the success throughout the job and provides insight into its future profitability. While not used in all industries, job costing is a proven method that the most successful contractors use to steer the financial success of their businesses.

Work in Progress 286

Work in Progress Construction Profitability Equipment 286

Construction Dive

APRIL 15, 2025

Over 40% of contractors anticipate a slowdown in profit margins in the next six months, according to Associated Builders and Contractors.

Contractors 115

Contractors Profitability 115

Contractor Bookkeeping

FEBRUARY 14, 2025

When valuing a business, most people think straightforwardly about profits. For contractors and builders, understanding the nuances of business valuation can pave the way for sustainable growth, effective investments, and successful transitions, whether selling the business or attracting stakeholders.

Construction 111

Construction Sustainability Profitability Contractors 111

Viewpoint Construction Technology

JULY 18, 2018

There’s plenty of work out there for contractors, which means they’ve been hurrying to hire. Contractors can expand their businesses organically by offering expanded services. To do this, contractors can expand the areas they work in from their home office or set up a satellite office in a new city. Offer New Services.

Contractors 227

Contractors Construction Office Roads 227

Construction Dive

NOVEMBER 1, 2023

The California-based contractor continues to work through its old, less profitable jobs, but is booking new ones at a faster rate than last year.

Profitability 131

Profitability California Contractors 131