Build a Lasting Foundation of Profitability
Implementation of the soft science of organizational management integrated with appropriate financial controls can ensure profitable job execution.
A New Revenue Recognition Standard Is (Almost) Here
Most public companies started complying with the new revenue recognition standard, Revenue From Contracts With Customers (ASC 606), when it took effect Jan. 1, 2018. Meanwhile, private companies are counting down to Jan. 1, 2019. For these firms, now is the time to seize the opportunity for a smooth transition.
Slow Pay Leads to Needless Costs
More than 40 percent of subcontractors surveyed said they wait between 30 and 60 days for payment, while an additional 46 percent wait 60 to 90 days.
Louisiana Sets Parameters for Late Payments
Louisiana Gov. John Bel Edwards (D) signed Act No. 566 into law, amending a statute to indicate that payment from a public entity to a contractor is considered late 45 days following receipt of a proper request for payment.
How the Right Financial Tools Can Benefit Construction Employees
From younger staff who need help paying down student loans to older staff thinking about retirement, taking a holistic approach to financial education and wellness can help employers provide the knowledge and resources to address employees' financial goals and plans.
New Survey Reveals Cash Flow Is a Constant Problem for Construction Companies
Nearly everything about working in construction is a challenge. The work is hard, the hours are long and just getting paid on time can be a struggle, according to a recent survey conducted by TSheets and zlien.
Digital Currencies Can Fill Gaps in Construction Spending
Digital currencies could mean pushing forward stalled projects and the ability for developers to target sustainable programs that have been sidelined under traditional funding structures.
Four Reasons Contractors Should Stop Mailing Paper Checks
Here are four reasons why construction business owners are stepping away from the mailbox and moving toward safer, easier, cheaper and greener alternatives.
