Tyler Helget’s Post

ASA NATIONAL WEBINAR - 5 Secrets to Healthier Cash Flow August 13th, 2024 As a subcontractor, you’re constantly financing your clients’ projects. You’re funding the job and doing the work before you’re paid. And getting paid isn't easy. Only 5% of subcontractors report always being paid on time, and the average time to get paid in construction is 90 days. It’s time to buck the status quo! In this session, Claire Wilson will share best practices and strategies for getting paid faster and better managing cash flow on projects. Learning Objectives: •Identify and address the main causes of payment delays •Detect billing red flags and intervene •Optimize change order management •Implement billing projections and cash flow forecasts Presented By: Claire Wilson, Head of Construction Solutions at SiteLine Register at www.asa-az.org/events/

ASA NATIONAL WEBINAR - 5 Secrets to Healthier Cash Flow August 13th, 2024 As a subcontractor, you’re constantly financing your clients’ projects. You’re funding the job and doing the work before you’re paid. And getting paid isn't easy. Only 5% of subcontractors report always being paid on time, and the average time to get paid in construction is 90 days. It’s time to buck the status quo! In this session, Claire Wilson will share best practices and strategies for getting paid faster and better managing cash flow on projects. Learning Objectives: •Identify and address the main causes of payment delays •Detect billing red flags and intervene •Optimize change order management •Implement billing projections and cash flow forecasts Presented By: Claire Wilson, Head of Construction Solutions at Site Register at www.asa-az.org/events/

ASA NATIONAL WEBINAR - 5 Secrets to Healthier Cash Flow August 13th, 2024 As a subcontractor, you’re constantly financing your clients’ projects. You’re funding the job and doing the work before you’re paid. And getting paid isn't easy. Only 5% of subcontractors report always being paid on time, and the average time to get paid in construction is 90 days. It’s time to buck the status quo! In this session, Claire Wilson will share best practices and strategies for getting paid faster and better managing cash flow on projects. Learning Objectives: •Identify and address the main causes of payment delays •Detect billing red flags and intervene •Optimize change order management •Implement billing projections and cash flow forecasts Presented By: Claire Wilson, Head of Construction Solutions at Site Register at https://ow.ly/iAiA50Sxn5H

ASA NATIONAL WEBINAR - 5 Secrets to Healthier Cash Flow August 13th, 2024 As a subcontractor, you’re constantly financing your clients’ projects. You’re funding the job and doing the work before you’re paid. And getting paid isn't easy. Only 5% of subcontractors report always being paid on time, and the average time to get paid in construction is 90 days. It’s time to buck the status quo! In this session, Claire Wilson will share best practices and strategies for getting paid faster and better managing cash flow on projects. Learning Objectives: •Identify and address the main causes of payment delays •Detect billing red flags and intervene •Optimize change order management •Implement billing projections and cash flow forecasts Presented By: Claire Wilson, Head of Construction Solutions at SiteLine Register at https://ow.ly/iAiA50Sxn5H

ASA NATIONAL WEBINAR - 5 Secrets to Healthier Cash Flow August 13th, 2024 As a subcontractor, you’re constantly financing your clients’ projects. You’re funding the job and doing the work before you’re paid. And getting paid isn't easy. Only 5% of subcontractors report always being paid on time, and the average time to get paid in construction is 90 days. It’s time to buck the status quo! In this session, Claire Wilson will share best practices and strategies for getting paid faster and better managing cash flow on projects. Learning Objectives: •Identify and address the main causes of payment delays •Detect billing red flags and intervene •Optimize change order management •Implement billing projections and cash flow forecasts Presented By: Claire Wilson, Head of Construction Solutions at SiteLine Register at https://ow.ly/iAiA50Sxn5H

ASA NATIONAL WEBINAR - 5 Secrets to Healthier Cash Flow August 13th, 2024 As a subcontractor, you’re constantly financing your clients’ projects. You’re funding the job and doing the work before you’re paid. And getting paid isn't easy. Only 5% of subcontractors report always being paid on time, and the average time to get paid in construction is 90 days. It’s time to buck the status quo! In this session, Claire Wilson will share best practices and strategies for getting paid faster and better managing cash flow on projects. Learning Objectives: •Identify and address the main causes of payment delays •Detect billing red flags and intervene •Optimize change order management •Implement billing projections and cash flow forecasts Presented By: Claire Wilson, Head of Construction Solutions at SiteLine Register at https://ow.ly/iAiA50Sxn5H

LAST CHANCE TO REGISTER! ASA NATIONAL WEBINAR - 5 Secrets to Healthier Cash Flow August 13th, 2024 As a subcontractor, you’re constantly financing your clients’ projects. You’re funding the job and doing the work before you’re paid. And getting paid isn't easy. Only 5% of subcontractors report always being paid on time, and the average time to get paid in construction is 90 days. It’s time to buck the status quo! In this session, Claire Wilson will share best practices and strategies for getting paid faster and better managing cash flow on projects. Learning Objectives: •Identify and address the main causes of payment delays •Detect billing red flags and intervene •Optimize change order management •Implement billing projections and cash flow forecasts Presented By: Claire Wilson, Head of Construction Solutions at SiteLine Register at https://ow.ly/iAiA50Sxn5H

Friday Focus on Forecasting End the week by ensuring your numbers drive your decisions Forecasting isn’t just about ticking boxes – it’s the foundation of smart decision-making. Today, take 15 minutes to review your project cost-to-complete figures. Ask yourself: • Are these numbers realistic based on current progress? • Have I accounted for potential risks, delays or changes? • Is there anything I need to act on now to protect these margins? Accurate forecasting gives you the power to tackle challenges early, safeguard profitability, and finish projects with confidence. Clarity in your numbers today builds stronger decisions tomorrow. I help main contractors and subcontractors improve their construction project margins, cashflow and commercial performance. Get in touch at matt@mattlockett.co or here on LinkedIn.

𝐏𝐫𝐨𝐣𝐞𝐜𝐭 𝐂𝐨𝐬𝐭 5/5 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐏𝐫𝐨𝐣𝐞𝐜𝐭 𝐎𝐯𝐞𝐫𝐡𝐞𝐚𝐝: 𝐌𝐚𝐧𝐚𝐠𝐢𝐧𝐠 𝐈𝐧𝐝𝐢𝐫𝐞𝐜𝐭 𝐂𝐨𝐬𝐭𝐬 𝐢𝐧 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝘸𝘪𝘵𝘩 𝘉𝘢𝘭𝘢𝘯𝘤𝘦 𝘵𝘩𝘦 𝘉𝘰𝘰𝘬𝘴 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦 𝘏𝘦𝘢𝘷𝘺𝘸𝘦𝘪𝘨𝘩𝘵𝘴 Overhead costs refers to the indirect costs that are not directly attributable to specific activities or tasks on a construction site but are necessary for the overall project execution. There are two categories involve - job/project overhead and general overhead. How to Manage Project Overhead Costs? 1. 𝑩𝒖𝒅𝒈𝒆𝒕𝒊𝒏𝒈 𝒂𝒏𝒅 𝑷𝒍𝒂𝒏𝒏𝒊𝒏𝒈 - Estimate and include overhead costs in your bid. Poor estimates can lead to project losses. 2. 𝑪𝒐𝒔𝒕 𝑻𝒓𝒂𝒄𝒌𝒊𝒏𝒈 - Keep a close eye on overhead expenses throughout the project to stay within budget 3. 𝑪𝒐𝒔𝒕 𝑨𝒍𝒍𝒐𝒄𝒂𝒕𝒊𝒐𝒏 - Allocating overhead can be tricky. Use a fair method to distribute costs based on project size or duration. By mastering these strategies for managing project overhead, you’ll ensure your projects stay on track and profitable. Stay sharp, and let’s keep those books balanced and projects thriving! Ready to ace your project budgeting? Start managing overhead like a pro today! https://lnkd.in/gAQ8AakW #ConstructionManagement #ProjectCostControl #ConstructionFinance #OverheadCosts #ProjectBudgeting

Managing the financial side of construction projects can be complex, but Contract Group® is here to make it simple. Our Basic Commercial Management Package is tailored to handle the essential financial elements of your projects, so you can focus on building success. What’s Included: Estimating: Accurate cost forecasting to set realistic budgets. Pre-Let Meetings: Expert guidance to streamline contract negotiations. Contract Reviews: Comprehensive evaluations to protect your interests. Interim Valuations: Regular assessments to ensure financial clarity throughout the project. Unlimited Projects: Whether you’re managing one or multiple builds, we’ve got you covered. The financial health of a project is just as important as the build itself. Our Basic Package ensures your costs are controlled, risks are mitigated, and financial processes run smoothly. By entrusting us with your commercial management needs, you can focus on delivering exceptional projects while we handle the numbers. 📞 Contact us at 0161 240 6996 | ✉️ info@contractgroup.co.uk #CommercialManagement #ConstructionSupport #ProjectSuccess #CostControl #ContractGroup