Equipment Depreciation Article
Construction Equipment (a great magazine and website) had a great article by Mike Vorster on the three types of equipment depreciation. At the end of the day for estimating purposes it is “Market” depreciation that only counts. In other words, when calculating the true cost…
JobPower – Accounting Software
If there is one factor that prevents a construction company from moving to the next level is the selection of accounting software. Most companies under $10 million a year in volume use Quickbooks which is a good solution when starting out but as growth occurs…
Good HeavyBid Help Articles
I was preparing for my UGM course the other day and came across this link to a series of very helpful help articles on exporting to accounting found on help.hcss.com. I suggest that you “thumb” through the articles and see if any will help you…
Part I – Allocating G&A Expense in HeavyBid
One subject I always introduce in my HeavyBid training is separating markup and G&A (general and administrative expenses). Every company should know what their total overhead expenses as a percentage of total sales or some other measurable cost like yearly total labor. If you don’t…
Cost Estimating Definitions
I found this in Wikipedia and highly recommend this for review for all estimators, project managers and even people who are in accounting that work with budgets and day to day construction operations. This is actually better than what I find in most construction estimating…
Job Costing and Activity Codes
If there is anything that is more frustrating to a construction company it is job costing. I enjoy going through the many articles that Foundation Software has online. This article entitled “So You Think Your’re Job Costing” is worth reading. Another goal that is mentioned in…
View Accounting Budget Import Settings
HeavyBid will export a file that can be imported into most Construction Accounting software programs. In the accounting program settings there is a one time mapping that usually has to be set. HeavyBid will export these settings to make this mapping easier. The map will…
HeavyBid – Basics and Beyond is devoted to everything HCSS HeavyBid and estimating. Updated regularly with helpful insights and tools of the trade, this blog is designed to make your estimating easier and more successful.
