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
Focus on Financial Protections Before the Economy Slows Down
The economy will inevitably begin to slow, given historical patterns. It is best practice for contractors to prepare for this eventuality and determine what actions
Avoid Concentrations to Maintain a Diverse, Successful Construction Company
To mitigate risk, it is vital that contractors diversify where possible and actively manage potential concentration issues.
Avoid Misunderstanding the Importance of Contract Ratios
Without a proper understanding of the ratios specific to the construction industry, contractors run the risk of compromising their financial strength.
Maximizing Contractor Capital for Increased Bonding Capacity
Many factors affect bonding capacity, but contractors have options that can enhance their capital position in order to maximize surety credit.
Joint Ventures: Costly If Not Cautious
Companies may wish to share the risk on a project, secure additional bonding capacity or enter a new market segment with a more experienced contractor, as well as
The Value of Burden: Accounting for Indirect Cost Improves Performance and Profitability
Ensuring that the project estimating team can predict both direct and indirect costs secures more efficient bids. The company will then have more accurate data to
Key Financial Indicators of Project Progress
Contractors often can determine if a project is meeting completion milestones simply through experience and intuition. But a more accurate method entails the analysis