Cash Flow Considerations in the Bidding Process
By considering cash flow in the bidding process, a contractor should be better prepared to complete each phase of construction based on the inflow and outflow of
Construction Contracts Need Amending Post-COVID-19 Shutdowns
COVID-19 is going to be here for a while. Contractors and owners need to amend contracts, as appropriate, to protect themselves from incurring unforeseen additional
What to Expect When the COVID-19 Pandemic Is Over
Contractors that start adapting to the new normal will be well positioned when the pandemic ends. They may have to retool, retrain and rebrand to meet future demand.
Succession Planning Is More Important Today Than Ever
Contractors need a succession plan that identifies successors and their roles, financial and contract authorizations, access to key data and contact information
Timing Is Important in Reporting Profits and Losses
The timing of reporting income or deferring costs can have a significant impact on a contractor’s income tax liability. Implementing tax planning strategies can
Six Factors Sureties Look for Before Making a Bonding Decision
Sureties go beyond character, capacity and capital to assess a contractor’s past, current and future performance, diving deeper into the contractor’s business