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The Foundations of Operational Excellence (Part 1 of 3) ccapoccia Thu, 03/23/2023 - 09:19 Many engineering and construction (E&C) firms measure success strictly by looking at the bottom line. If net profits are good, companies often think they’re effectively managing their money, processes and talent.
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. foundation. foundation software. General Management. Software & Technology. Accounting & Finance. Construction Law. government.
foundation. foundation software. Tags: accounting software , business advice , construction , corporate image , foundation software. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Resource Center.
Querying different type of jobs in job costing to look at profitability by type. foundation. foundation software. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Industry News.
For specialty contractors, using a construction software platform helps to lay the technological foundation required to support future growth and improved financial performance. Enhanced security. The key benefits of using a construction-specific ERP are: Elimination of disparate systems. Greater agility. Improved collaboration.
« Free Webinar on Reducing Profit Fade. foundation. foundation software. Tags: accounting software , business , competition , construction , foundation , fred ode. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Industry News.
There’s a lot I could say here, but mostly, I just want to wish everyone a very Merry Christmas and a Happy New Year from everyone at Foundation Software. foundation. foundation software. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety.
For instance, Foundation Software’s vision is this: “To provide the best in accounting software and service for the labor intensive contractor.” foundation. foundation software. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. government.
So it’s no surprise that whenever I talk to companies about how they store their data, the number one concern I hear is in regards to security. According to Eric, most of his clients have “far humbler” security checkpoints than what a data center can offer. Today’s Cloud Security. General Management. Software & Technology.
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.
They do it faster and with greater security than spreadsheets. This post was mentioned on Twitter by Erica Brindley, Foundation Software. Foundation Software said: Check out Fred Ode's New Blog: "Don't Dig Your Own Grave": [link] #construction #accounting #software [.]. foundation. foundation software.
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. General Management. Software & Technology. Accounting & Finance.
foundation. foundation software. Tags: bonding , davis-bacon , foundation software , government work , over/under billing , prevailing wage. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing.
In doing that, I realized that Foundation Software’s sales force became different from the stereotype characterized in the joke I told at the beginning. Foundation Software has been profitable in each of its years of business since 1985. foundation. foundation software. General Management. Software & Technology.
When designing FOUNDATION® for Windows® 3.0 in the mid-1990’s, Foundation Software was faced with a major decision—should we completely redesign and rewrite our DOS product? So who is running the asylum at Foundation? foundation. foundation software. General Management. Software & Technology. Accounting & Finance.
foundation. foundation software. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect. Industry News.
Turn Construction Data into Business Answers » Data Security in the Cloud. People I’ve talked to say it’s because they’re unsure of the security surrounding their business data. Security is whatever the local IT department decides is adequate. Security in these environments is very tight. General Management.
Who is Running the Asylum at Foundation Software? At Foundation Software, we try to avoid inmate takeovers by first assigning a lead analyst to oversee design for each project. foundation. foundation software. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. government.
foundation. foundation software. Tags: accounting , construction , foundation , software , technology. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center.
This, after all, is the foundation of the insurance industry. And risk can be a profit center, since insurance companies obviously make money. foundation. foundation software. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety.
It seems like just yesterday that Foundation Software was newly incorporated. Foundation gained its own identity, and we have the right people in place for the right jobs. I dream about Foundation, and I make plans for its future. I can’t wait to see what a 30-year-old Foundation Software will do! foundation.
You must secure financing for the project. It sets the foundation for the project and ensures that all aspects of the project are properly coordinated and that all necessary approvals are obtained. This includes site preparation, excavation, foundation work, framing, and installation of electrical, plumbing, and HVAC systems.
Take Foundation Software, for example. We have a very strong payroll module in our construction accounting software FOUNDATION for Windows. foundation. foundation software. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety.
Silos: Great for Grain, Not so Great for Business » Choosing a Cloud Host: Data Security. One key issue to consider is data security. Onsite Hosting and Security. However, is your data really more secure at your business? foundation. foundation software. General Management. Software & Technology.
foundation. foundation software. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect. Industry News.
Geographically secure data backup. And last, but not least…Security. Security may be your number one concern when choosing your hosting solution. Previously I discussed the relative security of cloud computing solutions. Previously I discussed the relative security of cloud computing solutions. foundation.
foundation. foundation software. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect. Industry News.
« Choosing a Cloud Host: Data Security. But the point at which the office meets the field – where job progress is tracked, profitability is calculated, invoices and change orders are processed – this is the point where bad (or no) communications between the field and the office results in diminished performance and profits.
Free Webinar on Reducing Profit Fade » Game Changers. foundation. foundation software. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Ask the Expert.
And when I started Foundation Software in 1985, on top of what I was learning on the fly, I made it a point to actively seek out knowledge, learning as much as I could about management, sales & marketing, leadership, technology, and the industry itself! Education leads to improvement, efficiency, and profitability! foundation.
The banker said his Profit & Loss, Balance Sheet did not look right to him. His banker was a blunt and told him that if he wanted to stay in the construction business he needed to have accurate Profit & Loss, Balance Sheet and Job Costing Reports. QuickBooks Job Profitability Reports. He had to rely on his gut feeling.
foundation. foundation software. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect. Industry News.
But without exception, the story that each team told through their symbols focused on people, not projects or profits. No discussion of business practices, financial measurements, or profit-building strategies. foundation. foundation software. General Management. Software & Technology. Accounting & Finance. Industry News.
Staying Focused in the Fight Against Profit Fade » Connecting in Construction. foundation. foundation software. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management.
« Staying Focused in the Fight Against Profit Fade. foundation. foundation software. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Ask the Expert.
JOC construction labor costs p rovide the foundation for any successful Job Order Contracting Program. On average, labor accounts for sixty percent (60%) of a project total construction cost and is therefore a primary consideration. Bare costs (no contractor overhead and profit). JOC Construction Labor Costs.
But this raises other concerns, security usually topping the list. With good administration and strong encryption, web-based storage can be made just as secure as your own company system. foundation. foundation software. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management.
Data Security in the Cloud » Collaborating on Cash flow. Imagine the surprise to everyone when the profit is significantly less or non-existent at the end of a job! foundation. foundation software. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building.
foundation. foundation software. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect. Industry News.
foundation. foundation software. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect. Industry News.
foundation. foundation software. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect. Industry News.
But to count on them as the source of profit is to bank on an unpredictable variable that is not under your control, that is hard to manage, and that you may wish to use for a completely different purpose – business development (more on this in a moment). foundation. foundation software. General Management. Construction Law.
Last time we discussed security. foundation. foundation software. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory. government.
foundation. foundation software. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect. Industry News.
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