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Contracting
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Contractors of all industries can benefit from improving their business to gain a competitive advantage. Often plagued by disputes and contract terminations, a lack of coordination, and scheduling and cost overruns, contractors face constant risk. With the help of our Focus Management Group’s experts, contractors will have the capability to minimize unnecessary risks, uncover hidden value and improve upon the operational aspects of their business.
Focus Management Group can provide solutions to contractors and their lenders when it comes to strategies and tactics. With our extensive industry experience, we help our contracting clients achieve timely and cost-effective solutions to their challenges. Once engaged, Focus Professionals can zero in on specific areas, such as:
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In-depth analysis of Work in Progress (WIP) schedules, including job cost data, over/under billing and early identification of problem projects.
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Evaluation of work acquisition process, encompassing estimating and bid procedures.
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Audit of vendor/purchasing programs, including negotiation of discounts and/or payment terms.
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Review of Standard Operating Procedures to ensure appropriate controls and processes are integrated in the daily management of the business.
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Assist in developing of short/long term budgets.
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Develop rolling thirteen week cash flow models.
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Comparing billing process to cash collections used in borrowing bases to ensure that an organization is maximizing its working capital.
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Evaluation of existing and potential customers’ financial condition to establish credit limits.
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Review of current Bonding Program to maximize capacity and identify potential cost reductions.
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Analyze existing retainage, both billed and unbilled, and assist in reducing outstanding amounts.
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Review of Risk Management and Safety Programs with detail cost analysis associated with current contracts using Owner Controlled Insurance Program.
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