Keep Construction Workers Motivated and Engaged for Business Success
Employee happiness inspires extra commitment to the company and a genuine interest in its success.
Construction Leaders Make a Greater Company Impact Than Managers
Managers can positively impact an organization, but true leaders can take companies to a higher level.
Classify Workers Properly to Avoid Expensive Penalties
It could be costly if authorities find workers are improperly classified without reasonable cause.
Create a Plan for a Successful Leadership Transition
Although most companies have a formal business plan, few have a transition plan—which is equally important.
Six Tax Planning Opportunities for Construction Contractors
Many tax provisions were implemented under legislation aimed to help businesses and individuals deal with the COVID-19 pandemic and its ongoing economic disruption.
Contractors on Private Projects Also Need Bonding
Surety bonds can protect private construction project owners from contractor default, but general contractors should consider them as protection against subcontractor
High-Growth AEC Firms Grew Three Times Faster Than Average-Growth Companies, Study Finds
Hinge found high-growth AEC firms approach marketing as a coordinated effort, experiencing 50% more impact from digital and content marketing compared to no-growth
Accounting and Financial Statement Considerations in the Era of COVID-19
While the COVID-19 situation remains fluid, contractors need to be aware of how it could impact their accounting methods and financial statements.
Having a Good Recruitment and Retention Plan Is Essential to Business Growth
Although is it is impossible to have zero turnover, contractors can be prepared by having a good recruitment and retention plan. This starts with being a conscious
Create a Company Culture That Drives Success
Companies with strong cultures tend to be higher performers. If employees, contractors and subcontractors are happy in an organization, then they will have increased
Liquidity Matters in the Fight Against COVID-19
Contractors that are highly liquid are better equipped to manage the financial constraints of the COVID-19 pandemic. Here are several steps business leaders can
Captive Insurance: A Viable Strategy to Reduce Costs
Captives can save money, but contractors need to be aware of compliance and funding requirements, and IRS regulations. Consider costs, risks and benefits to ensure
Financial Statement Basics: What a Contractor Needs to Know for Surety Bonding
When evaluating a contractor for surety credit, sureties look for the three Cs: character, capacity and capital, to form an opinion on a contractor’s past, current
Depreciation Rules Under the Tax Cuts and Jobs Act
The Tax Cuts and Jobs Act of 2017 changed the depreciation rules for qualified real property. Contractors need to be aware of these changes, as well as how certain
Happiness as a Business Model
A happiness-based culture can result in employees being excited about coming to work on Monday instead of leaving the jobsite on Friday. Imagine what this type of
Engage the Construction Team to Increase Profits
A recent Gallup report found companies that invest in their employees’ greatest talents to optimize their performances are generally more profitable than those
Create a Succession Plan That Includes the CFO
Typically, a succession plan focuses on the CEO and operational management positions. It is rare, but important, to have a succession plan for the CFO as well.
Five Tax Strategies to Reduce Contractors’ Income Tax Liability
Because sureties rely on the strength of a contractor’s financial statements to determine the company’s character, capacity and capital for a bonding program,
How to Build a Solid Foundation With Sureties
The ability for contractors to grow is generally contingent on a surety’s willingness to increase its bonding capacity.
Avoid Costly, Inaccurate and Inefficient Payroll Processing
Construction contractors should be careful to properly classify workers, pay prevailing wages and certify payroll on government projects, as well as pay state and
Document Management Can Save Time and Money While Improving Construction Operations
A key component to effective workflow on and off the jobsite is a document management system that will help to improve operations on current and future projects.