Estimates, Bids and Proposals – Differences Among Offers in Construction first shown on Business Administration. Estimates, Bids and Proposals – Differences Among Offers in Construction is copyright protected and the author HAS NOT authorized this copy. Estimates, bids and proposals are terms used to present a dollar value associated with construction work. The terms are NOT interchangeable. The post Estimates, Bids and Proposals – Differences Among Offers in Construction first appeared on Business Administration. It is copyrighted to Business Administration and this is an illegal copy ..read more

Residential Roofing Contractors – Financial Performance Standards first shown on Business Administration. Residential Roofing Contractors – Financial Performance Standards is copyright protected and the author HAS NOT authorized this copy. The national average sales for residential roofing contractors are slightly greater than $3 Million per year. A typical small roofing contractor will have a couple of crews working various projects and frequently sub out jobs. In addition, the owner acts as a project manager and there are one to two estimators depending on the volume of work. The post Reside ..read more

Take-Off with Construction: Part 1 (Concepts and Materials) first shown on Business Administration. Take-Off with Construction: Part 1 (Concepts and Materials) is copyright protected and the author HAS NOT authorized this copy. Take-off with construction is a term used to refer to the process of detailing units and costs with a job estimate. Take-off supports the final values. The post Take-Off with Construction: Part 1 (Concepts and Materials) first appeared on Business Administration. It is copyrighted to Business Administration and this is an illegal copy ..read more

Key Performance Indicators With Construction – Backlog and Pipeline of Work (Part 2 of 3) first shown on Business Administration. Key Performance Indicators With Construction – Backlog and Pipeline of Work (Part 2 of 3) is copyright protected and the author HAS NOT authorized this copy. Backlog and the associated pipeline of work is the second group of key performance indicators for a contractor. With construction, understanding the volume of existing contracts, i.e. backlog, aids the management team in setting production goals in the near term. In conjunction with pipeline information, a cont ..read more

Construction Accounting first shown on Business Administration. Construction Accounting is copyright protected and the author HAS NOT authorized this copy. Construction accounting exists to provide two key financial points of information to contractors and the management team of a construction company. The first and most important financial point is field production profit. This particular profit measurement is commonly referred to as job profits. It is essential contract revenue less direct (hard) costs of construction. The secondary and almost as important as the primary key financial point ..read more

Key Performance Indicators With Construction – Production Reports (Part 1 of 3) first shown on Business Administration. Key Performance Indicators With Construction – Production Reports (Part 1 of 3) is copyright protected and the author HAS NOT authorized this copy. Key performance indicators with construction include the annual financial income statement (profit and loss statement) and job productivity reports. The post Key Performance Indicators With Construction – Production Reports (Part 1 of 3) first appeared on Business Administration. It is copyrighted to Business Administration and th ..read more

Residential Construction: Average Net Profit After Taxes Equals 9.4% first shown on Business Administration. Residential Construction: Average Net Profit After Taxes Equals 9.4% is copyright protected and the author HAS NOT authorized this copy. The residential construction industry's average net profit after taxes equals 9.4% during 2019. The top four companies in the United States built and sold 151,366 homes with an average sales price of $376,703. Each home netted after income taxes $35,464 of profit. This equates to an average net profit of 9.4% in the residential construction industry.&n ..read more

Labor Burden in Construction – Proper Rate Formula first shown on Business Administration. Labor Burden in Construction – Proper Rate Formula is copyright protected and the author HAS NOT authorized this copy. Labor burden in construction is a value added on to the respective hourly labor base wage to to determine the total cost per hour for a particular employee. The post Labor Burden in Construction – Proper Rate Formula first appeared on Business Administration. It is copyrighted to Business Administration and this is an illegal copy ..read more

Estimating in Construction – Part V (Cost Drivers and Application Principles) first shown on Business Administration. Estimating in Construction – Part V (Cost Drivers and Application Principles) is copyright protected and the author HAS NOT authorized this copy. The core tenet of estimating in construction is that each estimate is unique. This uniqueness is driven by hard costs of construction. The post Estimating in Construction – Part V (Cost Drivers and Application Principles) first appeared on Business Administration. It is copyrighted to Business Administration and this is an illegal cop ..read more

Value Investment Fund – July 31, 2023 first shown on Value Investing - Business and Economic Principles. Value Investment Fund – July 31, 2023 is copyright protected and the author HAS NOT authorized this copy. This site's Value Investment Fund improve 2.43% over the ending balance on June 30, 2023. The post Value Investment Fund – July 31, 2023 first appeared on Value Investing - Business and Economic Principles. It is copyrighted to Value Investing - Business and Economic Principles and this is an illegal copy ..read more