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Home » Topic » Business » Accounting

Uncertainty Brings More Opportunities for Private Contractors

by David E. Gibbs | Feb 10, 2021
Accounting | Business | Business Development | Taxes

While the industry continues to experience an increase in residential construction, other sectors are not doing as well. Private contractors in sectors that are declining should consider changing how they do business, what they produce or both.

The Future of Construction Loans in a Post-Pandemic World

by Robert G. Stern | Jan 28, 2021
Accounting | Business | Business Development | Finance

Contractors can expect an increased demand for construction loans in 2021, and that banks will be interested in funding those loans as they look to return to normalcy.

How Employers Can Relieve Construction Workers’ Stress Over Pay and Benefits

by Amy Mosher | Jan 28, 2021
Accounting | Business | Finance | Retention | Workforce

From payroll to benefits, frontline heroes like construction workers shouldn’t have to worry about tedious administrative tasks related to pay and benefits.

Improve Project Delivery With More Timely Job Costing

by Ed Williams | Jan 21, 2021
Accounting | Business | Business Development | Finance | Project Delivery | Project Management

Timely job costing helps contractors understand where the project stands and functions as a source of truth for the entire project team.

Cash Flow Considerations in the Bidding Process

by Richard P. Higgins | Jan 20, 2021
Accounting | Business | Finance | Project Delivery | Project Management

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 cash.

The Construction Business Case for Leveraging Payment Processing Solutions

by Austin Mac Nab | Jan 7, 2021
Accounting | Business | Finance

Construction firms looking for ways to protect cash flow and tap into cost savings can turn to innovative payment processing solutions.

Get Direct About Indirect Costs in Construction

by Robert Mercado, Christopher Sisk | Jan 6, 2021
Accounting | Business | Finance

Understanding a contractor’s true cost, including direct and—just as important—indirect costs, is imperative for success.

Contractors Can Do Better Than ‘Back to Normal’ in 2021

by Scott Wolfe Jr. | Jan 4, 2021
Accounting | Business | Business Development | Finance | Project Management

Before coronavirus, “normal” meant waiting an average of 80+ days for payment, needing to withhold retainage payments to pad their own pockets and other difficult situations. This year, contractors should set the bar higher than normal.
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