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Construction Junction: Where Construction Meets Accounting

Construction Junction: Where Construction Meets Accounting

The Profit Construction

For construction business owners and accounting pros. In depth exploration of software and topics related to construction and accounting. A three segment podcast: 1. Tonya introduces the problem and potential solution 2. Tonya will speak with an industry expert 3. Tonya works with a real live user to help them implement the solution and answer all their questions

36 - The Construction Junction featuring Quantum: Unlocking Contract Management Secrets for Better Cash Flow in Construction
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  • 36 - The Construction Junction featuring Quantum: Unlocking Contract Management Secrets for Better Cash Flow in Construction

    In this insightful episode of the Construction Junction podcast, presenter Tonya Schulte focuses on how construction subcontractors can navigate through the complex business landscape. The show lights a torch through the historical evolution of contract risk management in construction and underscores the importance of contract negotiations and management for better cash flow and profitability.  Guest Cian Brennan shares lessons about using contract management software like Quantum to manage changes and delays, negotiate better contracts and reduce costs. They unravel the misunderstood notion of 'pay when paid' and 'pay if paid clauses' which often lead to disputes and elucidate why efficient contract management is an invaluable tool in the constant battle against risks in the industry. The conversation goes deeper into the subject, touching on the essential transitions required when a business grows from a small to a medium scale and overlooks the essential departments needed to succeed at a higher level. Their chat explores the necessity of timely action when faced with change orders, a crucial step towards building a reputation of professionalism and efficiency in managing delays and disputes. This enlightening episode puts viewers on the right track towards achieving an increased 5% to 15% margin on each project with better cash flow. Join the intense discourse and learn about the best practices for managing, negotiating, and reviewing construction contracts. Contact the show at hello@theprofitconstructors.com.

    Thu, 04 Apr 2024 - 32min
  • 35 - The Construction Junction: Augmented Intelligence with TrueBuilt

    Join host, Tonya Schulte, for another exceptional episode of the Construction Junction podcast, presented by The Profit Constructors. This episode takes a deep dive into the exciting and often overlooked world of pre-construction. Our special guest, John Sibley, CEO and founder of TrueBuilt, sheds light on how modern technological tools are transforming pre-construction and setting the foundation for successful construction projects. John illustrates the power of TrueBuilt's unique platform, a blend of cutting-edge AI, computer vision, and heavy-duty automation, designed to simplify and streamline pre-construction tasks. With pioneering features like automatic document renaming, TrueBuilt enhances accuracy and cuts down on time-consuming manual labor, changing the industry's outlook on bid management. While TrueBuilt boasts impressive automation capabilities, the platform provides room for manual adjustments, striking a balance that allows construction contractors to achieve utmost efficiency without compromising the quality of work. This episode uncovers the TrueBuilt journey, right from its launch, and its consistent evolution into an indispensable tool within the construction sphere. Addressing the challenges of transitioning to new technology, John discusses common hesitations that clients face and how TrueBuilt can prove its worth by highlighting its, accuracy and efficiency. He also divulges some of TrueBuilt's future integration plans, setting the balI rolling for further innovation in the construction industry. Discover a new perspective on pre-construction, explore TrueBuilt's platform, and all it offers in this insightful episode. Listen in and be part of the conversation, unravelling new paths to profitability and productivity in the construction industry.

    Thu, 07 Mar 2024 - 29min
  • 34 - Workforce Development & Accounting Strategies in the Construction Industry

    The Construction Junction: the junction between accounting and construction. WORKFORCE DEVELOPMENT. This episode featuring Moss Adams is all about Investing in the Individual. Our host Tonya Schulte welcomes Aaron Faulk from Moss Adams and client Rob Scott with Scott Coatings. Don’t miss this episode when the team reflects on the degree to which you invest equaling the degree you get back.

    Thu, 25 Jan 2024 - 51min
  • 33 - Construction Junction Episode 31: Take Control of your Finances and your Future

    The Construction Junction host Tonya Schulte, with The Profit Constructors, welcomes guest Luke Boyenger from Cruzumi CFO & Advisory. The two sit down to discuss Fractional CFO services and taking control of your Finances and your Future. Don't miss it.

    Thu, 14 Sep 2023 - 41min
  • 32 - Construction Junction featuring Service Industry Success

    Solve Your People, Process, and Profitability Problems so You Can Gain Clarity and Confidence, Establish Effective Controls, Scale Your business, and Work Fewer Hours.

    Thu, 10 Aug 2023 - 1h 05min
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