Significant Impacts of Revenue Recognition Under New Topic 606
Understanding the new revenue recognition standard is essential to determine how it will impact contractors' financial statements.
Work Smarter With Streamlined Submittals in 2021
By standardizing specifications and prioritizing what and how submittals are reviewed, contractors can significantly short circuit the front-end work and get projects started more quickly.
Construction Financial Management in the COVID Economy
As the nation races to vaccinate more than 320 million citizens, construction firms have been busy catching up on backlog, keeping workers safe and grappling with the complexities of construction finance during a pandemic.
Overcome Construction Time-Tracking Challenges
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
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
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
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
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.
