Lets Build

DECEMBER 2, 2022

That gives your firm the fiscal strength and confidence to pitch positively for future work, without overruns or remediation eating into profit margins at this time of unexpectedly high inflation. A construction quality management plan should be drafted as a standard document, to be applied to all future projects. Creating a plan.

Management 156

Management Construction Risk Cash Flow 156

Job Order Contracting

MARCH 1, 2017

This particular document was circulated by the National Cooperative Purchasing Alliance, NCPA. Carefully review all of the Job Order Contract and all associated documents. Make certain that the roles, responsibilities, tools, requirements and liabilities associated with the JOC are specified. Will you earn a reasonable profit?

Contract 100

Contract Legal United States Documentation 100

Job Order Contracting

SEPTEMBER 29, 2017

f) “Job order contractor” – a licensed, bonded, and general liability insured contractor awarded a job order contract. (g) The proposal may also contain approved drawings, work schedule, permits, or other documentation as the organization may require for a specific job order. The prices shall not include overhead and profit.

Organization 100

Organization Contract Liability Contractors 100

Levelset

AUGUST 26, 2022

At the core, you have property coverage for your tools and equipment, along with a liability component that protects your financial assets in case there’s a work-related accident or injury that you may have some responsibility for. . It’s prudent to look back and realize that potential liability doesn’t end when the project is completed.

Insurance 52

Insurance Liability Equipment Agreement 52

Pro Builder

JUNE 1, 2020

For years, we as builders have been trained by industry consultants to think like manufacturers, create a process, and stick to it if we want to be profitable. Third-party contractors: Research + design + renderings + plan stamp/liability. If your annual revenue is $50 million, 20% gross profit would be $10 million.

Documentation 59

Documentation Software Software Profitability 59

Job Order Contracting

FEBRUARY 20, 2023

JOC unit prices include direct material, labor and equipment costs, but not indirect costs or profits which are addressed in the coefficient(s). The use of labor-only line items is appropriate for use when proper internal controls are in place and incidental to construction. (i) c) Authorization and limitations. (1)

Contract 227

Contract Office Negotiation Documentation 227

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

JULY 12, 2012

« Public Exposure and Liability on Construction Sites. Project Document Management : Your Communication Strategy. Because some very specific documents are created and used throughout the life of a typical construction project, these documents can serve as the center of your communications strategy.

Construction 136

Construction Documentation Software Software 136

Contractor Bookkeeping

JUNE 21, 2012

Its Been Said: "The value of services rapidly diminish after the services have been performed" which is why highly profitable companies like McDonalds gets your money before they deliver your meal. Compare the success and profitability of a McDonalds franchise to most restaurants.

Profitability 48

Profitability Contractors Banking Change Orders 48

Construction Business Owner

JUNE 29, 2012

Public Exposure and Liability on Construction Sites » Better Project Management through Better Communication. Consider these three vital areas: Construction Project Documents: How do you move documents through your organization? When documents are created or modified, are the appropriate people notified? foundation.

Construction 136

Construction Documentation Software Software 136

Construction Business Owner

JULY 26, 2012

Look for software that does a better job providing applications based on the workflow of a project from cradle to grave, and that provides web-based anywhere-any time visibility into job progress, profitability, change management, and more for everyone who involved in the success of a job. Next Generation of Document Management.

Software 136

Software Software Construction Documentation 136

Levelset

OCTOBER 20, 2022

A series of small mishaps like these could put a dent in your profit margins from year to year. You pay pennies on the dollar for coverage that could range into the millions for general liability (GL) insurance, for example. General liability may help pay for the cost of repair. . Protecting your property.

Insurance 52

Insurance Liability Electrical Accidents 52

Autodesk Construction Cloud

OCTOBER 28, 2021

And you have to do all that within a contracted amount of time with razor-thin profit margins. . Some of the top problems GCs face are three documentation processes that, while important for communication and liability, take time away from actually building. . Creating the submittal log .

Project Management 52

Project Management Management Documentation Construction 52

Construction Marketing

NOVEMBER 25, 2014

It takes an average of 18 minutes to find a paper document, and a whopping 70 percent of businesses would fail in three weeks if they had a catastrophic loss of paper due to a fire or flood. Paper forms decrease worker productivity, increase risk/liability, and decrease operational efficiency. Site Safety and Compliance Reporting.

Mobility 232

Mobility Inspections Construction Safety 232

Construction Business Owner

APRIL 1, 2011

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.

Cash Flow 120

Cash Flow Construction Software Software 120

Construction Business Owner

JANUARY 12, 2012

Document Management. With the current levels of detail required by industry standards, code compliance and also by the different disciplines, the number of documents required for a project is huge. 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.

Bidding 149

Bidding Construction Documentation Software 149

Construction Business Owner

JANUARY 12, 2012

Keeping documents as electronic files reduces paper waste and clutter in your office because you can get rid of the filing cabinets. Electronic filing also gives you the ability to search with simple keyword terms, so you can find documents faster. Archiving documents. Public Exposure and Liability on Construction Sites.

Construction 136

Construction Software Software Accounting 136

Construction Business Owner

MAY 29, 2012

Many contractors haven’t taken advantage of digital document solutions, and the ones that have are still dealing with high volumes of data. Public Exposure and Liability on Construction Sites. document management. Contractors in today’s marketplace are caught in the middle of a paper and paperless culture. Wally Evans Blog.

Construction 120

Construction Software Software Cash Flow 120

Construction Business Owner

JANUARY 26, 2012

Venture tools are built to give contractors visibility and control over three key areas of construction operations: Documentation. Document Management. It’s no secret that documents play a vital role in the construction process from beginning to end. Public Exposure and Liability on Construction Sites. Communication.

Construction 120

Construction Software Software Documentation 120

Construction Business Owner

APRIL 26, 2012

Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. There’s a name for these situations: “profit fade.” The profit you calculate when bidding a job can fluctuate dramatically as work progresses. Construction Business Owner E-Newsletter. -->. Home » Blogs.

Change Orders 120

Change Orders Construction Profitability Software 120

Construction Business Owner

JUNE 29, 2012

Committing Intentional Project Communications » Public Exposure and Liability on Construction Sites. Public Exposure and Liability on Construction Sites. document management. Construction Business Owner E-Newsletter. -->. Home » Blogs. « Better Project Management through Better Communication. Wally Evans Blog.

Construction 120

Construction Safety Software Software 120

Autodesk Construction Cloud

FEBRUARY 1, 2022

Up to 60% of general contractors say it has a high or very high negative impact on profitability. Quality issues arise from various problems like using low-quality materials or failing to document changes. Moreover, nearly 60% say this has a “high” to “very high” negative impact on their profitability.

Management 97

Management Construction Risk Documentation 97

Construction Business Owner

MAY 7, 2012

« Staying Focused in the Fight Against Profit Fade. From applications that make your meetings and webinars more collaborative to document management and social media apps to help you and your team organize, it seems collaboration is everywhere. Public Exposure and Liability on Construction Sites. document management.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

FEBRUARY 2, 2012

So, I took some photos, wrote an RFI attached the photos to the document and sent it to the architect noting its urgent status. Do you have a process for organizing, storing and attaching all supporting documentation for an issue? Some, if not most issues revolve around document management and project team communication.

Construction 120

Construction Software Software Documentation 120

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. The right tools and documents make it easier to complete project closeout and keep customers satisfied. Not so fast. Key Takeaways. The reverse bell curve.

Change Orders 52

Change Orders Documentation Equipment Risk 52

Fieldwire

JANUARY 16, 2024

What should you know to maximize your profits and grow your business? Closing: Ensure deliverables meet client expectations and sign requisite documents. Effective construction project management requires you to balance multiple moving parts. Execution: Monitor worksite conditions and ensure quality control. Learn more → 3.

Project Management 52

Project Management Management Construction Life Cycle 52

Construction Business Owner

SEPTEMBER 27, 2011

If a business is unprofitable in 2011, and has no taxable income to use the deduction, that business can elect to use 100% Bonus Depreciation and carry-forward to a year when the business is profitable. Public Exposure and Liability on Construction Sites. document management. Wally Evans Blog. Recent Posts. construction safety.

Construction 180

Construction Software Software Accounting 180

Construction Business Owner

JANUARY 18, 2012

Querying different type of jobs in job costing to look at profitability by type. Public Exposure and Liability on Construction Sites. document management. Looking at Over/Under Billing and posting the adjustment to the year-end financials. Preparing Sales & Use tax reports for sales tax authorities. Wally Evans Blog.

Construction 168

Construction Software Software Accounting 168

Construction Business Owner

FEBRUARY 16, 2012

Sometimes, as you know, project documents can devote an entire plan sheet or spec section to a list of abbreviations and acronyms. A lot of this communication revolves around the project documentation. Public Exposure and Liability on Construction Sites. document management. The construction industry is no different.

Construction 136

Construction Software Software Accounting 136

Construction Business Owner

APRIL 5, 2012

And risk can be a profit center, since insurance companies obviously make money. Even if this doesn’t become an actual source of profit in and of itself, contractors who actively work to understand and control risk are in a position to make smarter project decisions that lead to higher profit margins. document management.

Risk 120

Risk Insurance Construction Software 120

Construction Business Owner

NOVEMBER 3, 2011

Integrated Document Management. To help you manage your paper, look for systems with document imaging and management that go beyond “scan and store” capabilities. You should be able to search the text of the documents, not just the file names. Public Exposure and Liability on Construction Sites. document management.

Cash Flow 120

Cash Flow Construction Software Software 120

Building Information Management

OCTOBER 16, 2015

The document may be referenced in the job order contract and may/or may not be directly provided by the creator of the unit price book and/or job order contract software. “Job order contractor” – A licensed, bonded, and general liability insured contractor awarded a job order contract. Also called Unit Price Guide, UPG).

Contract 40

Contract Liability Insurance Documentation 40

Construction Business Owner

MAY 31, 2011

Finally, the programmers that do the actual coding will receive the final specifications document. They will study the document and then meet with the analyst to thoroughly review all aspects of the specifications. Public Exposure and Liability on Construction Sites. document management. Wally Evans Blog. Recent Posts.

Construction 149

Construction Software Software Accounting 149

Construction Business Owner

DECEMBER 20, 2011

Public Exposure and Liability on Construction Sites. document management. Wally Evans Blog. Recent Posts. Is There No Free Lunch or Construction Software? Top 5 Trends in Construction Software. Committing Intentional Project Communications. Better Project Management through Better Communication. Construction Accounting Software.

Software 120

Software Software Construction Accounting 120

Construction Business Owner

SEPTEMBER 30, 2011

We are officially in fall, so grab some hot chocolate and let’s discuss why, despite available document imaging technology, people still use paper. People want to have access at any given time to all of their documents. Public Exposure and Liability on Construction Sites. document management. Wally Evans Blog. foundation.

Construction 120

Construction iPad Software Software 120

Construction Business Owner

FEBRUARY 16, 2012

Bring all your financial documents to the initial meeting. Banks are attracted to profitable business. Public Exposure and Liability on Construction Sites. document management. Crunch the numbers – Banks like proactive business owners. The banks want to see all of the following: Analyzed projected balance sheets.

Banking 120

Banking Construction Cash Flow Finance 120

Job Order Contracting

NOVEMBER 7, 2017

general and administrative and other overhead costs, insurance costs, bonding and alternative payment protection costs, protective clothing, equipment rental, sales tax and compliance with tax laws, and also contractor’s profit). a) The facilities management and/or technical staff must document the decision and plan to use a JOC. (b)

Contract 100

Contract Management Negotiation Estimating 100