Construction Business Owner

SEPTEMBER 28, 2016

Whether you’re a contractor or equipment dealer, profits are made—or lost—during the sale or purchase process of heavy equipment. When buying equipment, the goal is to get the best quality piece of equipment for your needs at the best price. When selling equipment, you want to get the best price possible.

Equipment 212

Equipment Profitability Deals Contractors 212

Construction Business Owner

NOVEMBER 8, 2016

With Section 179 in effect for the remainder of 2016 and onward, there has never been a better time to invest in new construction and office equipment for your organization. Basically, Section 179 allows businesses to deduct the full price of qualifying equipment purchased or financed during the tax year.

Profitability 263

Profitability Finance Organization Equipment 263

Viewpoint Construction Technology

AUGUST 29, 2018

Capturing accurate equipment information is a challenge that many contractors face. Data collection and analysis has traditionally been a manual process, and many times information would slip through the cracks leading to equipment being poorly maintained, overused or even retired before necessary.

Equipment 189

Equipment Management Profitability Viewpoint 189

Construction Business Owner

SEPTEMBER 19, 2017

Similar to scheduling an annual checkup with your physician, completing regular maintenance for heavy equipment is one of the best ways to keep your fleet in the best shape possible. For some service needs, your equipment may need to be transported to your dealership to be performed by a trained service technician.

Profitability 212

Profitability Transportation Equipment Schedule 212

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. Then completed jobs often cost more than their estimated bid budgets.

Profitability 156

Profitability Bidding Estimating Budget 156

Viewpoint Construction Technology

NOVEMBER 29, 2017

At the same time, you’re trying to keep a close eye on your own jobs, profit margins, invoices, personnel, equipment, drawings, and more. When profit margins hover at only 3 per cent, an entire project gain can be wiped out with one mistake.

Profitability 182

Profitability Viewpoint Software Software 182

Construction Business Owner

SEPTEMBER 12, 2017

Similar to scheduling an annual checkup with your physician, completing regular maintenance for heavy equipment is one of the best ways to keep your fleet in the best shape possible. For some service needs, your equipment may need to be transported to your dealership to be performed by a trained service technician.

Profitability 198

Profitability Transportation Equipment Schedule 198

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 29, 2014

The correlation between safety education and training and the production levels necessary to achieve profitability in construction is not difficult to understand. Performance leads to profits, and fewer accidents result in fewer expenses and insurance claims.'

Safety 294

Safety Accidents Profitability Insurance 294

Construction Business Owner

MAY 16, 2023

Inside the 2023 Outlook for Equipment Acquisition & Financing ccapoccia Tue, 05/16/2023 - 16:08 Each year brings new challenges that construction businesses must navigate to be profitable and grow.

Finance 156

Finance Equipment Leases Foundation 156

Construction Business Owner

JANUARY 27, 2016

Contractors put a ton of faith into their equipment, tools and crews to complete projects on time and below budget. Whether purchasing or renting, contractors expect that the equipment will perform as promised and come with a relatively simple maintenance schedule. This is especially true with compaction equipment.

Equipment 120

Equipment Profitability Budget Budgeting 120

Construction Business Owner

APRIL 20, 2016

For heavy equipment rental companies, business is only as good as their equipment uptime because assets can quickly turn into costly liabilities when they fail in the field. Without proper care, faulty equipment will also turn good customers into ex-customers, as well as decrease service life and resale value.

Equipment 120

Equipment Profitability Liability 120

Construction Business Owner

JULY 4, 2022

Using work-in-progress (WIP) reports to stay on top of every project & maximize profitability. WIP reporting provides construction companies with the insight needed to determine if active jobs are underbilled or overbilled, allowing you to stay on top of every project and maximize profitability. Promote to rotator No. Rotator Image.

Work in Progress 287

Work in Progress Cash Flow Profitability Contractors 287

Construction Business Owner

SEPTEMBER 22, 2022

Job costing measures the success throughout the job and provides insight into its future profitability. How to track and apply equipment costs to job costing. Job costing excellence is at the core of high-performing construction companies. In this webinar, you will learn: What job costing is and why it’s beneficial to contractors.

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. In this webinar, you will learn: What job costing is and why it’s beneficial to contractors The different types of costs and their role in job costing How to track and apply equipment costs to job costing Key job cost reports (e.g.

Work in Progress 286

Work in Progress Construction Profitability Equipment 286

Construction Business Owner

DECEMBER 20, 2022

It takes knowledge of the client, an understanding of the plan, and much skill to estimate labor, materials and equipment costs accurately. The key to submitting the best quality bid is having the most accurate and up-to-date current costs as possible in your estimated costs — the more accurate the bid, the more profits for your business.

Bidding 295

Bidding Estimating Profitability Equipment 295

Viewpoint Construction Technology

AUGUST 29, 2018

Owning vs Operating: Maximizing Construction Equipment Productivity and Profitability.

Equipment 130

Equipment Management Profitability Products 130

Construction Business Owner

OCTOBER 2, 2023

From dealing with tight profit margins, short project timelines and equipment issues, along with an abundance of complex logistics daily, it can be extremely difficult to manage. Not to mention the ever-shrinking workforce the construction industry has been dealing with, further amplifying these issues.

Software 292

Software Software Deals Profitability 292

Viewpoint Construction Technology

JUNE 12, 2013

For example, if you completely own a piece of equipment, you probably estimate the amount of fuel that it uses on a job, but may not consider including the depreciation, insurance, maintenance, and other costs associated with running it. Missing the Mark on Profitability. Science Meets Art. The truth probably lies somewhere in between.

Bidding 325

Bidding Profitability Construction Cash Flow 325

Construction Business Owner

JUNE 26, 2013

Equipment maintenance is a key component of any construction company’s operating costs. If employees damage equipment or fail to use it efficiently, the profitability of the firm can be significantly affected.

Legal 220

Legal Profitability Equipment Construction 220

Construction Business Owner

SEPTEMBER 28, 2016

Whether you’re a contractor or equipment dealer, profits are made—or lost—during the sale or purchase process of heavy equipment. When buying equipment, the goal is to get the best quality piece of equipment for your needs at the best price. When selling equipment, you want to get the best price possible.

Equipment 120

Equipment Profitability Deals Contractors 120

Construction Business Owner

JUNE 22, 2015

In the construction business, profitability largely depends on keeping overhead down. This applies particularly to construction equipment, the rising costs of which can burn you at both ends when the economy goes south.

Equipment 120

Equipment Overhead Construction Profitability 120

Construction Business Owner

OCTOBER 2, 2023

From dealing with tight profit margins, short project timelines and equipment issues, along with an abundance of complex logistics daily, it can be extremely difficult to manage. Not to mention the ever-shrinking workforce the construction industry has been dealing with, further amplifying these issues.

Software 285

Software Software Deals Profitability 285

Construction Business Owner

MARCH 7, 2017

Unexpected compact excavator maintenance can place financial strain and undue stress on you and your company, and it may directly impact your profitability.

Profitability 227

Profitability Equipment Site 227

Construction Business Owner

JANUARY 24, 2023

ccapoccia Tue, 01/24/2023 - 10:00 Construction equipment manufacturers are embracing electric power. Most major construction equipment manufacturers have electric vehicles (EVs) in their current production catalogs. Electric vs. Diesel: Which Machine Is Right for Your Fleet?

Electrical 218

Electrical Profitability Equipment Products 218

Construction Business Owner

MARCH 17, 2016

By eliminating possible tire-safety concerns at the onset, owners can keep their jobsites productive and profitable and eliminate unnecessary risks to both operators and equipment. A focus on tire safety is something that should be present on any jobsite.

Safety 227

Safety Profitability Risk Equipment 227

Construction Business Owner

JUNE 8, 2017

As a business owner, unexpected maintenance can place financial strain on your company and directly impacts profitability. To make matters worse, you or your equipment operators may not have adequate service training or access to an on-site mechanic for the repairs that get your compact equipment up and running.

Equipment 197

Equipment Profitability Site 197

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. We’re seeing wearable, connected safety equipment to monitor things like heart rate, heat and stress levels and more.

Contractors 296

Contractors Software Software Accidents 296

Construction Business Owner

MARCH 7, 2017

Unexpected compact excavator maintenance can place financial strain and undue stress on you and your company, and it may directly impact your profitability.

Profitability 189

Profitability Equipment Site 189

Contractor Bookkeeping

NOVEMBER 18, 2022

Is it time for your construction business to invest in some new equipment? The real question is what equipment is on your business shopping list. It is all a question of your budget, income, cash flow, profit & loss, and taxes. And if so, is it a more brilliant business decision and cost-effective to rent or buy?

Equipment 111

Equipment Cash Flow Income Construction 111

Construction Business Owner

MAY 2, 2023

In today’s rapidly changing, fast-paced world, a big part of Meibers’s role is to ensure that Deltek + ComputerEase equips customers with the tools they need to manage profitability, drive growth and meet construction requirements. He has been a leader at Deltek + ComputerEase since 2000, serving over 4,500 contractors nationwide.

Cash Flow 288

Cash Flow Management Contract Profitability 288

Construction Business Owner

DECEMBER 22, 2022

In today’s rapidly changing, fast-paced world, a big part of Meibers’s role is to ensure that Deltek + ComputerEase equips customers with the tools they need to manage profitability, drive growth and meet construction requirements. John Meibers has over 32 years of experience serving the construction industry.He

Accounting 296

Accounting Construction Profitability Contractors 296

Contractor Bookkeeping

APRIL 21, 2023

The most common situation is when a residential remodel contractor with a reputation and a substantial company generating 15% or more profits decides to start building custom homes. Or the opposite, a home builder who decides to branch out into residential remodeling.

Profitability 102

Profitability Remodeling Residential Industrial 102

Fieldwire

FEBRUARY 14, 2022

Anyone who has managed a construction company, department, or project knows profitability can be challenging. Intense competition, fluctuating market conditions and other factors often result in tight profit margins. Even with numerous challenges, specialty contracting can be profitable. In-Demand Expertise.

Profitability 98

Profitability Contractors Management Contract 98

Job Order Contracting

NOVEMBER 21, 2023

A fundamental element is Job Order Contracting (JOC) is line item estimating which involves breaking down the cost of construction into discrete, granular tasks, each item representing a specific material, labor, and equipment components. Each aspect, such as materials, labor, equipment, and overhead, should be itemized separately.

Contract 245

Contract Overhead Estimating Profitability 245

Job Order Contracting

MARCH 1, 2022

Equipment. General / Prime Contractor Profit and risk. Incidental tools and equipment. Items included in a JOC coefficient (also known as a “Bid Factor”). Labor (Both during Normal Work Hours and Outside of Normal Work Hours). Materials. Subcontractor costs. Subcontractor mark-ups. projects valued over $35K; 9.

Insurance 264

Insurance Compensation Overhead Security 264

Job Order Contracting

FEBRUARY 3, 2025

Heres a deeper dive into the differences and their impact on winning bids: Local Market Cost Data Definition : This data is specific to a geographic region, reflecting real-time labor rates and trade variance due to workers comp and other variables, material costs, subcontractor pricing, and equipment rental costs in that area.

Bidding 147

Bidding Construction Defense Contractors 147