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@GoBuildOps

Commercial contractors run the systems that can't afford to fail. We build the tech that helps them keep the world running.
Mission Control buildops.com Joined January 2019
129 Following 519 Followers 522 Posts

Latest posts 5

BuildOps Verified account @GoBuildOps
Forge is just a few weeks away, and what better way to celebrate than announcing Sahil Bloom as our closing keynote.

Millions of people read his newsletter, The Curiosity Chronicle, every week. His book, The 5 Types of Wealth, is a New York Times bestseller. He’s also the managing partner of SRB Ventures, an early-stage investment fund.

His work is about building a business and a life that are rich in time, relationships, health, and money.

What a great way to close out an inspiring few days with the best and brightest in the industry. Just a few more tickets remain, so if you haven’t booked your spot, now’s the time to do so:

buildops.com/forge
BuildOps Verified account @GoBuildOps
Commercial contractors should not have to piece together the financial side of the business and the operational side of the work.

BuildOps and NetSuite together give commercial contractors a stronger connection between finance, field execution, and the day-to-day operation.

Together, we connect the financial side of the business with the operational reality of commercial service — from dispatch and technician workflows to service agreements, work orders, quoting, and field execution.

The result is a more connected operation for the unsung heroes of the trades — one that helps teams stay reliable when the work is complex and customers are counting on them.

We’re proud to help bring that together:
suiteapp.com/BuildOps-Comme…
BuildOps Verified account @GoBuildOps
"Skilled tradespeople maintain the infrastructure modern life depends on, and the work itself rewards them with something most jobs can’t offer, which is the daily evidence that what they do matters and that they’re good at it. Salary campaigns alone won’t close a gap driven by meaning. The trades need to show young workers what the craft is, how to find a way in, and what a career in the trades can look like 30 years from now."

BuildOps CEO @AlokChanani recently shared his thoughts with @Inc about how the industry is making it difficult for younger generations to break in👇

inc.com/alok-chanani/g…
www.inc.com Gen Z Is Interested in the Trades Industry is making it difficult for younger generations to break in.
BuildOps Verified account @GoBuildOps
Every commercial contractor runs two sets of numbers whether they mean to or not. Work progresses in the field while invoices, payments, purchase orders, receipts, labor and material costs move separately toward the books. Labor is the sharpest gap. The field books hours at a blended rate, but the real payroll cost, including taxes, burden, prevailing wage and fringe, lands later and often never makes it back to the job. On a prevailing wage job, the premium can run about 30 dollars an hour over the burden rate the field is watching.

So the margin a project manager watches all month is not the margin finance books at the end of it. Nobody finds out until close, and by then the crew has moved on and there is nothing left to recover.

Finance Hub closes that gap by putting a governed ledger inside BuildOps between the two systems. Transactions are validated, coded and approved there before they post. Exceptions surface in near real-time when they happen rather than at month end. Periods close and stay closed. Every financially significant action is written to an audit record. Job cost and work in progress refresh from the same ledger, so the field and finance finally read one number.

Take a closer look at Finance Hub: buildops.com/features/finan…
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