Contractors that understand the complexities of working with government entities can have profitable opportunities. The key identifying allowable and unallowable costs, which will assist in maximizing the overhead rate.
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. Here are some strategies to consider.
Implications and Considerations Contractors Should Prioritize With Pandemic Relief Programs
To rebound from the pandemic, many contractors took steps to receive government funding in hopes of regaining financial balance. It is crucial they take the necessary action to understand what exactly the relief programs have offered them and where they can go from here.
The Best Cash-Flow Fixes Come Before the Project Starts
It’s crucial that contractors set themselves up for successful cash flow. Here are some ways contractors can set themselves up for cash flow success before stepping on the jobsite.
Employee Retention Credit May Offer Thousands of Dollars per Employee
Taking advantage of the ERC could make a sizable difference in the cash available to operate a business and help to improve cashflow. For many contractors, this could mean the difference between staying in business or not.
How to Find Cost Savings in Today’s Construction Industry
As contractors continue to face the unique challenges brought on by the pandemic, sourcing and implementing the right technology is a viable solution to many of the cost-saving and operational issues the industry is experiencing.
Five Alternative Payment Methods for Subcontractors
Without access to capital, day-to-day operations are under threat, and plans to grow come to a disorienting halt. Prioritizing getting approved for financing will provide a layer of security when things inevitably take a turn.
The Importance of Benchmarking in Construction
Contractors may think their bid win rate is "really good,” but what defines really good? There are several reasons every construction company should be doing at least some basic benchmarking.











