Building Bonding Capacity From an Underwriter’s Perspective
The bonding industry has its own version of “The 3 Cs.” These common questions can help contractors grow their bonding programs.
Net Operating Loss Carryback or Carryforward: What Is Best to Reduce Income Tax Liability?
Contractors must determine whether to take a carryback and refund or keep the NOL available.
General Liability, Fleet Management and Workers Compensation: Major Construction Risks to Watch This Year
General liability, auto and workers' compensation claims will continue to challenge companies due to the COVID-19 pandemic.
Regaining Predictability by Planning for Price Fluctuations in Construction Materials
If project participants engage and work together toward completing the common goal, they can mitigate the risk of construction cost increases and add predictability to project materials prices by adding a few tools to their belts.
Post-PPP: What’s Next for Small Businesses Needing Relief to Rebuild
Many of the businesses we are working with now have taken PPP money and, for the first time in over a year, feel financially secure enough to consider expansion. Beyond PPP, financing options are available to small and medium-size businesses.
Manage Job Cost With Estimation Software
Job costing is a basic requirement for all construction projects. Effective estimation of costs allows businesses to predict cash flow, plan resource allocation and improve overall profitability.
Construction Business Problem-Solving: Track Costs Once the Project Starts
By governing all project costs together, contractors get a holistic view of the entire project costs, allowing them to manage the financial aspects of their projects more effectively.
How a Refinancing Option Supports New Construction
Borrowers have an opportunity to find new value with their investments by refinancing floating rate SBA 7a construction loans to preferable SBA 504 fixed-rate loans.
