Finance

Understanding the Eichleay Formula: Recovering Compensation From Project Delays

by Robert Mercado | Jul 27, 2021
Accounting | Business | Finance | Project Management

If a construction project is delayed by the actions of the project owner or another contractor, the delayed contractor has the right to request compensation for the impact of the delay. The most common calculation related to compensation recovery is the Eichleay formula.

Understand and Reduce Operation Costs in Construction

A smart, strategic approach is required for any construction company to reduce operating costs.

Pandemic Magnifies Financial Risk in Construction: What Executives Can Do to Speed up Customer Payments

by Lori J. Drake | Jul 22, 2021
Accounting | Business | Finance | Project Management

Managing payments and the paperwork that goes with them is key to ensuring that construction businesses have the funds they need to grow and build their businesses.

Pandemic Appropriations for Education Create Construction Opportunities

by Nat Peniston | Jul 20, 2021
Business | Education | Finance | Workforce

COVID-19 had an enormous impact on America’s education system. Recognizing the need for students to safely resume in-person learning, Congress allocated substantial funding to help schools rebuild and recover.

Subcontractor Strategies to Maximize Payment in Bankruptcy

by Nathaniel Story, Brittany Falabella | Jul 20, 2021
Accounting | Business | Finance

When a contractor files for bankruptcy protection, it impacts the entire chain. How do other parties get paid?

Optimize the Balance Sheet to Find Hidden Equity

by Christopher Sisk, Robert Mercado | Jul 13, 2021
Accounting | Business | Business Development | Finance

Scrutinize accounts more fully to ensure the amounts are recorded properly and maximize the equity of your company.

Consider a Business Line of Credit Instead of Personal Loans for Construction

by Kyle Hartranft | Jul 7, 2021
Accounting | Business | Finance

Small business owners should separate business from personal expenses. Using a business line of credit to pay for personal expenses should be avoided. It can raise a red flag for the IRS to audit business and personal tax returns.

Five Payroll Tips for Construction

by Jacquelyn Grinder | Jun 22, 2021
Accounting | Business | Finance

Payroll is a critical administrative function that deserves to be in the spotlight. By making the payroll process more efficient and accurate, construction companies can improve compliance, limit risk and set the stage for growth.

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Understanding the Eichleay Formula: Recovering Compensation From Project Delays

Understand and Reduce Operation Costs in Construction

Pandemic Magnifies Financial Risk in Construction: What Executives Can Do to Speed up Customer Payments

Pandemic Appropriations for Education Create Construction Opportunities

Subcontractor Strategies to Maximize Payment in Bankruptcy

Optimize the Balance Sheet to Find Hidden Equity

Consider a Business Line of Credit Instead of Personal Loans for Construction

Five Payroll Tips for Construction

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