Masonry Magazine March 2010 Page. 38
SOFTWARE
When using an all-in-one solution for the estimating process, you can quickly and accurately quantify, price and bid projects. You'll know the true cost to execute jobs and understand where profit can be made. This is especially valuable when contracts are awarded based on low price, and profit margins are minimal.
When a job is awarded, the original estimate can be used to automatically set up a new job when you use an all-in-one solution. From there, the project manager can quickly view various costs for a project to make decisions, easily schedule time and labor, and track important documents. Also, your project manager will be able to identify profitable opportunities and create change orders, as well as track them so you never lose track of outstanding requests. With an end-to-end solution, project managers have centralized, real-time information to easily compare budgets against pending and posted costs.
Financial management is in a complete solution, too, so your job costing and ongoing changes are synchronized with hard financial data, enabling you to control proper recognition of revenue. With access to all project information, the finance team can streamline data entry and easily create real-time reports for management. You can easily manage complex human resources, including payroll, worker's compensation, union, certified payroll, EEOC, and more with an integrated workforce management tool.
With equipment management included in a completion solution, mason contractors are able to track equipment usage and maintenance costs and bill against projects. Again, managing with true job costs, you will be able to run your business with insight and boost your bottom line.
The same goes for buying and managing your materials. You can easily track materials inventories, plant costs, and customer invoicing; route purchase orders, automate payments to truckers, and monitor costs. Procurement is another step in the seamless process, and you will be able to efficiently buyout jobs and track materials, purchase at the best possible price, and manage projects effectively.
Better manage projects, maximize profits
In a market where bids are tight and profits are low, the right solution can give you an important competitive edge. Having estimating, job cost accounting, and project management combined in an all-in-one solution, you can bid quickly and accurately, streamline processes, eliminate redundancies, and cut costs.
To reach your business' success potential, you should consider investing in a complete solution that brings your team together, improves control, allows you to manage with insight into productivity, and helps you understand how to maximize profit on every job. IMAS
Jim Flynn is president and CEO of Maxwell Systems.
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