From financial imbalance to trouble retaining cash flow, circumstances are unfavorable for contractors that rely on banks for surety credits. To prevent loss of liquidity, contractors should use software and other technology to keep their accounting data in place and avoid risks with project deliveries.
Contractors as Bankers: The Good, the Bad and the Ugly
Big-budget construction projects require general contractors that are capable of handling large-scale work with not only an effective project management team, but also a strong financial foundation.
Accounting and Financial Statement Considerations in the Era of COVID-19
While the COVID-19 situation remains fluid, contractors need to be aware of how it could impact their accounting methods and financial statements.
Deconstructing the Income Statement
Historical data is used to analyze a contractor’s business when determining lines of credit, loans and surety bonds—or even when deciding whether to allow a contractor to perform work.
2020 Executive Insights: Construction Accounting
Industry experts share insights and best practices for construction accounting.
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 awarded contracts based almost exclusively on their qualifications. Here's how to win the bid.
Leverage an Auditor’s Toolbox for Business Stability in Turbulent Times
By leveraging auditing resources, businesses can gain insight and direction for delivering stability in operations. An auditor’s perspective can help strengthen awareness of the financial impact of day-to-day business decisions made in unsettled conditions.
Construction Technology and Software Rundown: July 10, 2020
Here's a rundown of the latest in construction technology and software.










