FAR Goes Beyond the A/E Firm to Affect Contractors
Contractors that understand the complexities of working with government entities can have profitable opportunities. The key identifying allowable and unallowable
New Lease Accounting Standard: Deferred But Not Forgotten
Although the new lease standard implementation has been deferred, contractors must review current and future lease agreements to proactively position and prepare
How to Maximize the Power of Surety Credit
To maximize surety credit, prepare in advance for bond underwriting by looking at year-end financial statements and try to reduce items with a negative impact on
Get Ready for the New Lease Standard
ASU 842 was set to take effect for December 2020 year-ends, but was deferred due to the pandemic. Contractors should take the extra time to understand how management
Cash Is Still King: The Importance of Projecting Cash Flow
Implementing these financial practices can mitigate potential cash flow setbacks on a project, while increasing profitability and longevity.
Maximizing the Amount Firms Can Bill: The Influence of FAR in Setting Project Pricing
For private sector projects, firms are awarded contracts based on project scope, proposed pricing and firm qualifications. In the public sector, however, firms are
Addressing Cash Flow and Credit Impacts Related to COVID-19
Financial planning and projections will ensure a contractor’s compliance with banking requirements, maximize surety credit, as well as ensure growth and stability
Comprehending and Maximizing Surety Credit
Surety credit is an essential component of the viability of many contractors. Planning for how the contractor’s financial statements will look prior to year-end
Technology—The Future of the Construction Industry
While technology streamlines construction, workers must hone their skills and learn new technologies to be competitive in a labor market influenced by software,
Maintain a Healthy Balance Sheet for Financial Security
With proper planning and a thorough understanding of how particular items should be reported, and the subsequent impact of each, a company can be confident in having