Accounting

Commercial Construction Index Contrasts Lukewarm Spending With Optimistic Job Growth

by U.S. Chamber of Commerce | Jun 12, 2018
Accounting | Economy | Markets

A recent report found nonresidential construction spending in March, the most recent period for which construction data are available, declined 0.3 percent on a monthly basis and expanded by just 2.5 percent year-over-year on a seasonally adjusted, annualized basis.

Tangible Working Capital and Tangible Equity: What Do These Ratios Mean to Your Business?

Contractors and their CPAs and sureties should discuss and evaluate their tangible working capital, tangible equity and other relevant ratios on a regular basis. These discussions will lead to a clear understanding of their current scorecard, as well as create opportunities to plan for future needs.

Improve and Lower Project Bids

by Adam A. Canosa | May 14, 2018
Accounting | Business | Project Management

A significant aspect that contributes to uncertainty in construction is estimating how much profit the contractor is going to make when bidding on a new job. Without a complete understanding of costs, direct and indirect, contractors could be selling themselves short in a number of different ways when going into a new bid on a project.

LLC Versus Corporation: The Best Foundation for Your Construction Business

by Travis Crabtree | May 10, 2018
Accounting | Business | Business Development | Taxes

New tax cuts for corporations and LLCs make both business types attractive. Here's how to decide which one is best for your business.

Executive Insights: Contractors’ Guide to the Bottom Line

by Construction Executive | May 2, 2018
Accounting | Business | Executive Profiles | Finance

Industry experts weigh in on tips for maintaining a healthy bottom line.

Key Financial Indicators of Project Progress

by Robert Mercado, James Wiedemann | May 1, 2018
Accounting | Business | Finance | Project Delivery

Contractors often can determine if a project is meeting completion milestones simply through experience and intuition. But a more accurate method entails the analysis of data collected from the accounting department, which should be monthly at a minimum.

Construction Accounting Risk at Macro and Project Levels

Construction accounting is difficult on both a weekly project basis and a company-wide business reporting level, but proper application of best practices can smooth out processes and make sure the firm is in the best possible position to be paid fairly.

Construction Technology and Software Rundown: April 20, 2018

by Construction Executive | Apr 18, 2018
Accounting | Technology | Wearables

Here’s the rundown on smart hot water heaters; a Bluetooth angle grinder; rugged phone; photo to 3D and virtual reality software; and seven new partnerships and acquisitions.

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Commercial Construction Index Contrasts Lukewarm Spending With Optimistic Job Growth

Tangible Working Capital and Tangible Equity: What Do These Ratios Mean to Your Business?

Improve and Lower Project Bids

LLC Versus Corporation: The Best Foundation for Your Construction Business

Executive Insights: Contractors’ Guide to the Bottom Line

Key Financial Indicators of Project Progress

Construction Accounting Risk at Macro and Project Levels

Construction Technology and Software Rundown: April 20, 2018

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