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Home » Topic » Business » Finance

Overcome Construction Time-Tracking Challenges

by Jacquelyn Grinder | May 20, 2021
Accounting | Business | Finance | Productivity

For construction companies that do prevailing wage work, tracking time is difficult and critical. By using key strategies, construction companies can identify and overcome their most troublesome time-tracking challenges.

Five Keys to the Success of High-Growth Firms

by Karl Feldman | May 17, 2021
Business | Business Development | Economy | Finance

A recent report provides insight into how high-growth firms with compound annual growth rates of 20% or greater managed to succeed in a period marked by uncertainty, an economic slow-down, and political and social turmoil.

Shorten the Time to Foreclose a Lien

by Patrick Barthet | May 13, 2021
Business | Business Development | Finance | Risk Management

While the timeframes for filing, enforcing and discharging construction liens vary by state, some statutes allow for the outright cancellation of a lien. An electrical subcontractor recently found this out the hard way.

Ready to Mobilize in 2021: 10 Things Every Contractor Should Consider

by Carl Oliveri | May 11, 2021
Business | Finance | Taxes

Everyone has their own descriptions of the type of year 2020 was. Words like “challenging,” “uncertain,” “reinvention,” “THE election” come to mind, but perhaps the catchall description is “unprecedented.” It is not often that the [...]

The Construction Submittal Process: The Gold Standard Review

by Nelson S. Frech | May 11, 2021
Business | Finance | Project Management

The submittal review process applies administrative checks and balances to all aspects of a construction project. Construction managers and general contractors should approach this process as an additional opportunity to add value to their clients’ projects.

How Small and Mid-Sized Construction Companies Can Overcome Increased Taxes and Restrictions

by Construction Executive | May 11, 2021
Business | Economy | Finance | Taxes

Among current business and industry issues, two stand out in the minds of small and mid-sized construction companies: tax increases and banking restrictions. After years of lower taxes, it almost seems inevitable they will rise, [...]

The End of LIBOR: Managing the Risks of an Interest Rate Transition

by Daniel Bray, Paul Dombrowski, Jai Khanna | May 11, 2021
Business | Finance

If the interest rate for your business financing or contracts is based on LIBOR (the London Interbank Offered Rate), then you should be aware of an upcoming interest rate change, which will affect those agreements.

Loan Options for Construction Stakeholders Once PPP Funding Runs Out

by Alexander Cohen | May 5, 2021
Accounting | Business | Finance

PPP funding is only a temporary solution for small businesses. A number of other SBA programs are available to assist owners in the construction industry and their clients.
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