Life With & Without a Construction Management Software Solution

Without a Construction Software Solution:As Jack, a construction business owner arrives at work, he is optimistic that today will be a good day. Jack’s company recently landed the biggest contract they have ever received, which helps the company grow and expand operations in the future. They are still in the beginning stages of the project, but so far operations have been running smoothly, even though this project is really stretching their company’s workforce to the maximum. Jack is primarily using Excel to generate job costing reports, charts and graphs about the status of his projects overall. Nonetheless, he begins to assess the data so far and quickly notices that the numbers don’t add up. With this specific project being so big in scale, Jack cannot remember all of the various aspects and must rely on the information in front of him. He has a particular issue with an amount invoiced to a contractor, but searching around the office through numerous file folders for the actual paperwork is too time consuming and the paperwork may not even be in the office at all. Jack wishes that he had all of the invoices and work orders electronically stored in a central location, which would make it easier to drill down and access this key information. With that being said, Jack is now unsure if the data entered into his Excel spreadsheets is accurate and up-to-date. He will need to double check with accounting, but by the time this is resolved many hours would have been lost already. Jack cannot confidently assess and report on the information, leaving him in doubt as to the current state of the project. If this trend continues, Jack worries about how he can take on another project of this magnitude while continuing to grow.With a Construction Software Solution:Jack arrives at the office, ready to begin his day. Jack took the advice and recommendation of one of his colleagues and recently made the switch to an integrated construction software solution. With their biggest contract underway, Jack is confident the project will go according to plan and he can effectively keep track of the project status along the way. He sits down at his desk and opens the software system. He opens the Project Management dashboard, where he is able to attain a 360 degree view of his business, all from one single dashboard view. Not only does this save him time instead of having to sort through numerous spreadsheets and paperwork, but Jack is able to gain full visibility and drill down to the actual documents, which are centrally stored in an electronic document management system. Jack can be confident in the numbers that are in front him, and can accurately attain an up-to-date view of how the business is doing. With the understanding that the information in the construction software system is accurate, Jack can still leverage his extensive knowledge of Excel to generate sophisticated graphical reports. With this functionality, Jack will have the information required to make smarter, more informed decisions about the current and future strategy of his business. With the construction software integrated throughout all aspects of his business, Jack’s employee satisfaction levels are at an all-time high and collaboration between staff members has never been more efficient. Even Jack’s customers have already noticed the improvement in efficiency, which only bodes well for the future of his company. Jack is confident that once this project is completed on time and on budget he will be able to take on even more projects of this size and continue to grow his company.Which one of these scenarios sounds like the better option? Life with a construction software solution will not only provide you with greater visibility into your business, but also enhance your operational efficiency as well.

Contractors Benefit From Construction Factoring

The tightening of the credit market has been hard on a number of businesses, particularly the construction industry which is responsible for building our nation’s houses, corporate facilities, factories, apartments, offices, schools, roads and bridges. Therefore, the general contractors and sub-contractors still may be experiencing cash flow problems – meeting payroll or purchasing supplies -long into the new year.Divided into three basic areas, construction includes: 1) Building, including general contractors who build residential, industrial, commercial, and other buildings. 2) Civil engineering construction where contractors build roads, bridges, highways, and tunnels, and 3) Specialty trade contractors, who work on projects such as carpentry, painting, electrical or plumbing.Construction jobs are not just about new structures, but often require site preparation, repairs, maintenance, or improvements to an older projectThe industry supports architects, engineers, inspectors, appraisers, brick masons, carpenters, electrical and drywall contractors, flooring and tile contractors, and even asphalt companies, all of whom could take advantage of invoice factoring to help them get by during bad times.Construction jobs are usually done by general contractors, who specialize in one type of construction such as either residential or commercial building. They are in charge of the entire job, and although general contractors may do a portion of the work with their own crews, they often subcontract work to specialty trade contractors who typically do the work of only oneThey obtain orders for their work from general contractors, architects, or property owners. Repair work is almost always done on direct order from owners, occupants, or architects dependent upon economic business cycles, the construction industry might face changes in interest rates and tax laws that affect individual and business decisions related to construction. Changes in state or local regulations or budgets can result in new construction or a cancelled job.There has been an increase in factoring among contractors during the last year, and it is helping to provide the cash flow needed to pay suppliers, meet payroll and pay for insurance, as well as workmans compensation. Construction factoring enables businesses to obtain funds based on their current accounts receivables, so they can go ahead with the next phase of a project, rather than wait till the invoices are paid.Why does the construction industry benefit from factoring? Because when factoring is used, the sub-contractor, or construction company, does not have to wait for payment before starting on the next phase of a project, or begin construction on a new project. With invoice factoring, the sub-contractor or construction firm can realize quick turnaround, from 24 to 48 hours, on accounts receivable due for completed stages of a construction project. With construction invoice factoring, the construction company, or the sub-contractor, can be paid overnight for accounts receivable invoices, which speeds up cash flow and improves the company’s ability to start immediately on the next phase of construction for each project.

Benefits of Construction Contractor Marketing

These days, the demand for construction contractor marketing appears to be too high. If you look at the past, you’ll find that construction contractor marketing plans did not exist, because everything was highly based on having the right connections, word of mouth, and the yellow pages.People involved in this business use to believe that success can only be achieved through the connections. The term, word of mouth used to be the cornerstone of the contractor, but today, the internet is the best way to gain exposure, credibility, bids, and name recognition in the construction industry.At the same time, the mindset of customers, homeowners and developers have also changed. Homeowners are relying on Google to find local construction contractors. They’re online at lunch, in their homes, and even on their phones, so now contractors involved in the construction world are following such high-end technology and the changes in order to draw more responses for their business.If you are also involved in this business, and you want to get more success in construction contractor marketing, then it’s time for you to adopt some of the most effective and successful formats of today’s technology. SEO and Internet marketing for the construction industry are quite involved, and it is wise to hire an Internet marketing company that specializes in the construction industry.With 90% of your customers searching for contractors online, and clicking on organic search results, you as a contractor have some things to consider. Does your SEO Company have any construction related 1st page Google results? Can they talk the talk about your location and service specialties?Promoting your business on the internet and getting some good Google search results, can help you forge into a completely new realm of marketing and lead generation. The traffic you’ll get with organic search results is better than anything else known to the advertising and marketing world. Web visibility is most important task which you can accomplish.In this way, you can present yourself as a big player in this construction world among your prospects. Keep in mind that, now clients are looking for home improvement contractors through the internet, not with the milers or yellow pages.So, now you can get 24×7 accessibility for your prospects by simply announcing your web based construction contractor business. In this way, you can show that you are the best in this business, and you can achieve quality results for your clients.