Carol Hagen

JULY 1, 2009

For those of you that do forecasting, I’ve noticed that Microsoft Excel is popular. Do we roll over data to forecast the next 6 months with a mouse click or spend 30+ minutes performing cut & pastes? We all know that cash flow is the life blood of our business (whether you’re a contractor or a CPA firm).

Cash Flow 100

Cash Flow Forecasting Profitability Consulting 100

Contractor Bookkeeping

MAY 19, 2023

Sales and profit are two very different things – as a construction business owner, you can find yourself without the cash to pay bills despite making sales you knew were profitable. You may also be startled to discover that solid cash flows from sales deliver little profit.

Cash Flow 116

Cash Flow Profitability Forecasting Construction 116

Construction Business Owner

FEBRUARY 18, 2016

The industry had been fairly profitable and surplus was strong, so rates started to come down. As for insurance pricing today, Table 1 provides a historical picture of insurance industry rates calculated by MarketScout, with 2004 as the base year. From 2004 to 2011, rates actually dropped about 40 percent.

Insurance 120

Insurance Forecasting Profitability Industrial 120

Contractor Bookkeeping

JUNE 5, 2020

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. [Starting Cash + Cash In - Cash Out] = Cash Flow.

Cash Flow 78

Cash Flow Forecasting Contractors Profitability 78

Autodesk Construction Cloud

APRIL 24, 2023

By taking proactive steps and adopting the right tools, you can mitigate and safeguard your firm’s profits. For one, market factors heavily influence labor and material expenses, making forecasts difficult and increasing the likelihood of overruns. Then there are the projects themselves, which are incredibly complex.

Profitability 97

Profitability Construction Autodesk Forecasting 97

Construction Equipment

OCTOBER 16, 2015

The Wacker Neuson Group has lowered its revenue and profit forecast for the current fiscal year. Revenue and profit developed below previous expectations due to the ongoing economic slowdown in the emerging markets and in countries, which are dependent on raw material prices, the company said. billion, down from EUR 1.40

Forecasting 48

Forecasting Profitability Materials 48

Autodesk Construction Cloud

JUNE 8, 2023

Doing so won’t just make your life easier; it’ll also help you protect your profit margins. Manage financial risk early on Given that we’re on the topic of profitability, we’d be remiss if we didn’t touch on managing financial risks.

Profitability 98

Profitability Bidding Estimating Risk 98

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 Equipment

AUGUST 21, 2014

Wacker Neuson posted a profit increase in the second quarter of 2014, with revenue remaining at the same level as the previous year, while confirming its forecast for fiscal 2014. Wacker Neuson reported revenue of €328.4 million).

Profitability 60

Profitability Forecasting 60

Construction Marketing

JULY 24, 2020

In the past, the marketing and accounting functions within a company were not frequent collaborators save the annual budgeting or forecasting process. Without system and process automation, marketing and accounting collaboration may have been limited to forecasting and budgeting.

Accounting 180

Accounting Finance Forecasting Certification 180

Viewpoint Construction Technology

FEBRUARY 12, 2019

At a bare minimum, you’ll need the following for your accounting function: profit and loss report, balance sheets, trial balance and trading summaries. These basic reports are critical to business profit and loss, and if your system can’t seamlessly pull them all in a flash it’s time to take a look at what else is out there.

Cash Flow 130

Cash Flow Software Software Accounting 130

Construction Enquirer

JULY 26, 2023

Shed and multi-room building contractor Winvic saw pre-tax profits fall for the first time after two jobs secured before the pandemic ran into loss. Pre-tax profit nosedived a third to £10.5m Managing director Simon Girardier forecast that revenue would slip back next year to £950m as the economy slowed.

Profitability 65

Profitability Security Forecasting Infrastructure 65

Viewpoint Construction Technology

JUNE 19, 2018

A construction ERP and other integrated software solutions that connect accounting, project management, field tools and everything in between, not only makes communication and collaboration easier, but can also enable significant productivity gains and long-term profitability. Choosing a Dependable Software Provider for the Long Haul.

Software 200

Software Software Viewpoint Construction 200

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 112

Industrial Forecasting Construction Profitability 112

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

Construction Equipment

AUGUST 13, 2014

Deere & Company announced financial results for the third quarter ended July 31, 2014, with a net income of $850.7 million, down from $966.5 million in the same period of 2013. For the first nine months of the year, net income attributable to Deere & Company was $2.513 billion, compared with $2.730 billion last year.'

Forecasting 54

Forecasting Profitability Income 54

Construction Business Owner

SEPTEMBER 1, 2022

It’s the careful balancing of stocking enough inventory to meet your construction company’s needs without unnecessarily tying up cash — is an essential component of keeping your business running profitably and productively. The better your inventory records are, the easier this process — and the more accurate your demand forecasting—will be.

Inventory 226

Inventory Resource Construction Materials 226

Viewpoint Construction Technology

JANUARY 10, 2018

But it’s also possible to harness data from past projects to better forecast — and avoid mishaps on — future ones. This means there will be fewer headaches and finger-pointing, and more efficient, profitable projects. Most contractors are able to make decisions for projects in progress right now.

Software 217

Software Software South Carolina Change Orders 217

Construction Equipment

OCTOBER 8, 2015

The trucking industry is preparing for a downturn in demand, reports The Wall Street Journal. Trucking demand spiked earlier this year due to inventory stockpiling in the second quarter as West Coast ports caught up with backlogs of imports that accumulated during a labor dispute.

Forecasting 48

Forecasting Profitability Inventory Retail 48

BD+C

MAY 1, 2018

For engineering firms, capturing billable time and expenses, developing accurate budgets and forecasts, and maximizing profitability should always be among your top priorities. Project accounting provides you with the ability to accurately assess and monitor budgets and measure the financial performance of projects.

Forecasting 49

Forecasting Budget Budgeting Profitability 49

Building Radar

NOVEMBER 5, 2024

By harnessing the power of data, construction companies can optimize their business development strategies, streamline operations, and increase profitability. By analyzing historical data, construction companies can forecast future market conditions and adjust their strategies accordingly. The Role of Data in Business Development 1.

Construction 52

Construction Resource Profitability Deals 52

Building Radar

DECEMBER 10, 2024

Effective financial management in construction projects is crucial for ensuring profitability and sustainability in a highly competitive industry. Financial planning is not just about tracking expenses; it’s about making informed decisions that drive profitability.

Management 52

Management Cash Flow Construction Budget 52

Contractor Bookkeeping

JUNE 19, 2015

They have the same challenges you do: Getting enough qualified leads to bid on and winning enough of them at a price that is profitable. A simple financial forecasting tool that links to your Contractors QuickBooks file, does most of the work for you and it's. Do you know of a contracting company that runs smoother than yours?

Forecasting 48

Forecasting Contractors Plans Bidding 48

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. Cut Down on Labor Hours.

Products 221

Products Software Software Project Management 221

Contractor Bookkeeping

NOVEMBER 6, 2012

80% Produces More Profit Than 110%. We used a variety of project planning tools and relied heavily on Work-Break-Down Structure (WBS), Gantt Charts and Earned Value Reports (EVR) on Excel for forecasting and planning for labor, material and equipment that needed to be onsite each day.

Profitability 51

Profitability Construction Forecasting Injury 51

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 Marketing

SEPTEMBER 24, 2015

This article outlines three important documents that you’ll need in order to start and run a profitable business. First of all, it’s a document you’ll find yourself constantly referring to as it contains key statistics, such as forecasted sales and company turnover. There are many different types of insurance in the United Kingdom.

Documentation 120

Documentation Insurance Legal Liability 120

Construction Enquirer

MAY 3, 2023

Latest results for the firm for the year to March 31 2022 show a pre-tax profit of £790,000 from a turnover of £43.5m In its forecast for this year Howard Russell was predicting a turnover of up to £80m based on a rising number of negotiated contracts. with 31 staff working at the company. Accounts show that the company owed £4.4m

Debt 103

Debt Construction Negotiation Forecasting 103

Autodesk Construction Cloud

JUNE 23, 2022

You need to be there during the planning, design, and construction phase, and everything you do is about maximizing profitability by managing the project’s timeline, budget, and quality. Effective Cost Control and Accurate Forecasting. Budget overruns cut directly into profit margins. Visibility, Transparency, Accessibility.

Project Management 97

Project Management Management Forecasting Profitability 97

Autodesk Construction Cloud

JULY 31, 2023

To fulfill project and profit expectations consistently – and provide fulfillment for workers themselves. In The Construction Executive's Guide to Protecting Margins , we asked six industry leaders (and a colleague in engineering) how they’re managing profits, projects, and people. If anything, we have the opportunity to build smarter.

Profitability 52

Profitability Construction Innovation BIM 52

Viewpoint Construction Technology

OCTOBER 23, 2018

Better understanding your project data can help significantly boost productivity and profitability on current projects, as well as better plan future ones. Several construction data trends have emerged recently. Diving Deeper into Construction Data. Here are just a few of the key benefits: Improving Jobsite Processes and Productivity.

Construction 241

Construction Software Software Cash Flow 241

Viewpoint Construction Technology

APRIL 4, 2017

Web-based construction software can help you increase estimate accuracy and improve the profitability for the work you gain. Informed and successful project managers help ensure projects stay profitable. Web-based construction apps enable data sharing and simplified workflows, keeping everyone on the same page at all times.

Software 130

Software Software Construction Project Management 130

Viewpoint Construction Technology

SEPTEMBER 23, 2018

Sometimes this erodes profit, but in some scenarios, it can mean losses or even worse. You know how much profit a project is making at the COMPLETION of the project. But you do not know how much profit a project is making on a month by month basis during the course of the project. Improved productivity.

Industrial 130

Industrial Accounting Viewpoint Construction 130

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. Autodesk Construction Cloud’s CDE empowers teams to remain on the same page when planning and forecasting a project. The MacLeamy curve.

Modeling 234

Modeling Environment Autodesk BIM 234

HardHatChat

MAY 15, 2013

According to the American Institute of Architect’s semiannual Consensus Construction Forecast , hotel construction is predicted to grow 15.7 This is mainly because tourism numbers are improving and hotels are seeing a strong increase in profitability. percent in 2013. markets that it tracks.

Contractors 222

Contractors Chicago Commercial Travel 222