Contractor Bookkeeping

DECEMBER 9, 2022

Enlightened contractors like you understand the value of developing your own unique Construction Contracting System, a collection of documented repeatable processes and operation manuals. Proper accounting and bookkeeping develop timely financial reports to show which jobs are profitable so you can pursue more.

Cash Flow 94

Cash Flow Profitability Construction Accounting 94

Autodesk Construction Cloud

APRIL 24, 2023

By taking proactive steps and adopting the right tools, you can mitigate and safeguard your firm’s profits. ” Clearly, technology can enormously influence your projects’ productivity and profitability. Little to no project or business predictability Most construction projects are like a unique snowflake.

Profitability 97

Profitability Construction Autodesk Forecasting 97

Autodesk Construction Cloud

JUNE 8, 2023

Doing so won’t just make your life easier; it’ll also help you protect your profit margins. Implement centralized and connected bid management Bid management sometimes feels like a whirlwind, where you’re tasked to review a slew of projects and go over numerous documents and information.

Profitability 98

Profitability Bidding Estimating Risk 98

Pro Builder

FEBRUARY 11, 2022

Reducing 3 Types of Construction Waste to Increase Home Builder Profit. In today’s economic climate, it’s vital for home builders to keep waste to a minimum so they can receive the highest profit on their homes. Always be sure to document your plans and make them easily accessible to everybody involved in the construction process. .

Profitability 111

Profitability Materials Construction Estimating 111

Job Order Contracting

APRIL 16, 2021

Both the maximum individual project size and type, as well as the maximum overall annual size of the JOC Program are typically stated in the contract documents. The coefficient generally must include all project general conditions as described in the contract, including but not limited to supervision, overhead and profit.

Contract 258

Contract Overhead Bidding United States 258

Construction Business Owner

APRIL 5, 2021

For example, if each clash costs $3,500 per instance (PWC, 2018), it’s difficult for estimators and project managers to ensure each project is profitable during the planning phases of a project. The MacLeamy curve. It’s truly during the planning stage of any project where builders have the opportunity to reduce rework and avoid lost costs.

Modeling 234

Modeling Environment Autodesk BIM 234

Green Building Law Update

APRIL 4, 2021

The financial value of green buildings is well documented, from commanding higher rents, greater occupancy rates, and increased occupant satisfaction, to lower operating costs for everything from reduced insurance premiums and less energy utilized, easily resulting in an increased return on investment of more than 9% over conventional building.

Green 293

Green Debt Security Commercial 293

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. This adds up to smarter, safer projects that are ultimately more profitable. The savvy contractor knows they can’t possibly avoid every jobsite mistake. But they also know that working smart helps limit issues.

Contractors 296

Contractors Software Software Accidents 296

Construction Business Owner

AUGUST 25, 2022

When you have calculated your selling price and profit, you’ll be able to create a custom, professional proposal within STACK. The API gives you the ability to pull proposal and quote documents out of STACK to store in your customer relationship management (CRM) platform, or send directly to a prospective customer.

Estimating 296

Estimating Overhead Software Software 296

Job Order Contracting

MAY 4, 2023

Project Delivery Phase Transitions: Estimates should be tracked throughout the life of the project and assumptions and estimate information must be well documented, including changes and what is and what is not in the estimate. The documentation should be in a form that can be understood, checked and verified. Construction Estimate.

Estimating 245

Estimating Construction Documentation Risk 245

Lets Build

DECEMBER 16, 2022

Design defects are a result of the design team failing to produce organised and accurate construction documents. Workmanship defects are what usually come to mind when you think about defects in construction—they occur when someone fails to follow the project’s documents when building components or structures. Design defects.

Documentation 148

Documentation Construction Inspections Site 148

Contractor Bookkeeping

JUNE 14, 2024

While improving employee productivity should always be a priority when the ultimate goal is a sustainable and profitable business, the process is more straightforward said than done. The success of any business, large or small, depends largely on nurturing an efficient, productive workplace.

Products 112

Products Construction Mobility Profitability 112

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. Teams unable to effectively communicate and collaborate are much more prone to mistakes, project delays, and reductions in profitability.

Products 221

Products Software Software Project Management 221

Viewpoint Construction Technology

JANUARY 22, 2019

It’s a great idea,” said one general contractor attendee after our first 2019 Take 15 webinar on Using Construction Data to Manage Profit Fade. For contractors who are constantly on the go, the short format has been a hit for quick learning. The 15-minute slice is just the right portion to squeeze into a busy schedule.”. Well done!”.

Construction 204

Construction Schedule Software Software 204

Construction Marketing

MAY 17, 2023

Construction companies can achieve better results, increase productivity, and strengthen stakeholder relationships by adopting cutting-edge tools that facilitate seamless stakeholder engagement, improved project coordination, remote collaboration capabilities, improved document management, and effective communication with field teams.

Innovation 251

Innovation Construction Safety Budgeting 251

Job Order Contracting

MAY 3, 2020

Strategic alignment (links between operational performance and strategic factors), and profitability/cost control and/or resource maximization are initial area of focus and should be regularly monitored.

Procurement 191

Procurement Plans Construction BIM 191

Viewpoint Construction Technology

JULY 17, 2018

Attend sessions taught by some of construction’s best in business valuation, succession planning, leadership and more to help you run a solid, profitable business where business thrives and the very best construction professionals want to work. Implementing Process-Driven Profitability: What You Need to Hear. 15-18 in Portland, Ore.

Conference 147

Conference Viewpoint Software Software 147

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

Lets Build

MAY 5, 2022

For construction companies, it can also significantly increase profitability and maximise legal compliance. How often have you cursed your company’s filing systems while hunting fruitlessly through online directories or paper filing systems in search of a document? Documentation is accessible anywhere, any time.

Inspections 148

Inspections Software Software Documentation 148

Autodesk Construction Cloud

NOVEMBER 27, 2023

Meaning it’s critical for owners to operate their facilities efficiently to achieve long-term profitably. As a result, many don’t have the data required to operate their facilities for maximum efficiency and profitability. But beyond access, they want to own all the documentation and not have it nested under a GC’s project instance.

Environment 116

Environment Documentation Autodesk Profitability 116

Viewpoint Construction Technology

JULY 25, 2018

Accurate, real-time project information is essential to identifying jobs that are at risk for profit fade, not to mention to remain competitive in the construction industry. Drawings and Documents in Team — A Single Source for Truth. Building an Information Bridge Between Field and Office. Mitigating the Risks of Quality and Safety.

Project Management 182

Project Management Software Software Management 182

Autodesk Construction Cloud

MAY 23, 2022

Accurate construction takeoffs and quantification lead to more profitable projects. Ultimately, their focus is to accurately quantify the materials and calculate the costs to ensure that they have both a winning and profitable bid. . The Anatomy of a Construction Takeoff . Step 2: Count and List the Materials Required .

Estimating 105

Estimating Autodesk Documentation Bidding 105

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) as-built drawings and warranties).

Contract 264

Contract Office Negotiation Documentation 264

Viewpoint Construction Technology

MAY 1, 2019

Paper forms in the field, heavy books of plans and drawings and other tree-sourced documents can also get lost or revised so many times to the point that no two people on a jobsite have the same information in front of them.

Software 277

Software Software Construction Organization 277

Lets Build

MARCH 24, 2023

With a digital site diary, contractors and subs can submit site photos, documentation, forms, and reports from the field, allowing project managers and other key stakeholders to stay up to date from anywhere, whether they’re on site, in the office, or on the road. And to make that profit, you have to stick to a strict budget.

Software 147

Software Software Management Construction 147

Construction Marketing

DECEMBER 20, 2012

In addition the 80/20 rule can be illustrated utilizing percentages, for example, 80% of XYZ profits are derived from the top 20% of customers. Strategies in this area have grown in importance since the high cost of new customer acquisition has been well documented. Again, the segmentation step can identify opportunities.

Construction 221

Construction Modeling Statistics Products 221

Viewpoint Construction Technology

OCTOBER 9, 2018

Construction projects all too easily run over budget and behind schedule, and in an industry with thin profit margins, that can be a big problem. Communicating by phone, email, paper documents and other traditional methods may be comfortable for people, but it also takes time. Plus, they can boost cost savings by increasing efficiency.

Contractors 189

Contractors Software Software BIM 189

Green Building Law Update

NOVEMBER 5, 2017

With over a million contract documents licensed on an annual basis, the AIA’s form construction documents are the most widely used contract documents in the industry. But make no mistake claims are being paid including profits being disgorged by designers, construction companies and materialmen.

Green 120

Green Contract Documentation Claims 120

Viewpoint Construction Technology

FEBRUARY 4, 2019

Without well-integrated systems, you may have different versions of necessary documents living in different systems with potentially different data, muddling the facts and opening you up to making critical mistakes. An issue arises and the project manager can’t track down documentation to verify if a task was completed.

Software 130

Software Software Construction Documentation 130

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. document management. There are plenty of good reasons to take a closer look at Section 179. Construction Accounting Software.

Construction 180

Construction Software Software Accounting 180

Job Order Contracting

JANUARY 10, 2017

Carefully review all of the Job Order Contract and all associated documents. Will you earn a reasonable profit? As a construction contractor considering a Job Order Contract (JOC), it is critical to be aware that all JOCs are not the same. Will you work directly with the real property owner or a consultant?

Contract 100

Contract Contractors Liability Bidding 100

Job Order Contracting

OCTOBER 24, 2017

Fully Defined and Documented Roles, Responsibilities, and Workflows ( Job Order Contract Execution Guide / Operations Manual ) – Examples – Procedures for. Fully Defined and Documented Roles, Responsibilities, and Workflows ( Job Order Contract Execution Guide / Operations Manual ) – Examples – Procedures for.

Budgeting 100

Budgeting Budget Renovating Overhead 100

Viewpoint Construction Technology

SEPTEMBER 5, 2018

When you remove paper from the equation, chances of miscommunication, errors and lost documentation are dramatically reduced. They can search digital documents or pull the data they need much more quickly. Replaces Manual Processes and Prevents Errors. What’s one of the best things about mobile devices in the field?

Mobility 200

Mobility Software Software Viewpoint 200

Cassell Construction Estimating

JULY 14, 2015

Procore helps firms drastically increase project efficiency and accountability by streamlining and mobilizing project communications and documentation. This real time data and accessibility minimizes costly risks and delays—ultimately boosting profits.

ProCore 100

ProCore Sage Consulting Estimating 100

Job Order Contracting

JANUARY 11, 2018

Contractors earn a reasonable profit. Cloud-based secure project, estimate, and document management. Project documents. Job Order Contracting Solution OpenJOC. Best value procurement. Performance-based reward system. Non-adversarial, long-term, win-win collaborative and mutually beneficial owner/contractor relationships.

Contract 100

Contract CSI Procurement Estimating 100

Viewpoint Construction Technology

FEBRUARY 19, 2015

Spectrum’s Work Order solution—the tools you need to keep operations profitable and clients satisfied. Field Tech allows for electronic signature capture and document imaging in the field as well. Track the make, model, serial numbers and locations of all serviced equipment. Verify warranty and service coverage information.

Software 130

Software Software Management Construction 130

Autodesk Construction Cloud

JULY 5, 2022

How you capture, share, manage, and analyze data can play a significant role in a project’s profitability. Here are six key ways to improve your data workflows for higher quality data, more profits, and better project outcomes. Standardize your cost documentation. But does quality data really matter ? Export project level data.

Autodesk 92

Autodesk Documentation Visualization Management 92