Finance

Why Contractors Should Consider Selling Their Business Despite COVID-19

by Stephen N. Klein | Oct 3, 2020
Business | Business Development | Finance

Even in less-than-ideal cases, businesses can emerge from an M&A transaction content with the hand they were dealt and with a positive outlook for their future.

The Impact of COVID-19 on the Lease Accounting Standard

by Matthew J. Boland | Sep 18, 2020
Accounting | Business | Finance | Project Management

COVID-19 is impacting leases in a variety of ways. Thankfully, FASB granted a one-year delay for applying ASC Topic 842, Leases.

How Construction Contractors Can Increase Profits

by Mark Soto | Sep 15, 2020
Business | Business Development | Finance

Many factors go into how much a company profits. Contractors can increase profits by avoiding common mistakes and analyzing data available to them. Here are a few changes construction companies can make to increase profits and improve their financial status.

Be a Good Neighbor: Protect Against Claims by an Adjacent Landowner During Construction

Construction in close quarters can mark the beginning of costly and emotional disputes, which can escalate to costly legal battles during and after construction. Here's how contractors can avoid a lawsuit.

Breaking Down the Work-in-Process Schedule

by Robert Mercado, Megan Moriarty | Sep 3, 2020
Accounting | Business | Finance | Project Management

An in-depth and clear understanding of the WIP components is an essential tool to ensure any potential detriments are addressed immediately, thereby reducing any potentially negative impact on a contractor’s financial statements.

Surcharging Helps Preserve Profits in a Troubled Economy

by Jonathan Razi | Aug 22, 2020
Business | Business Development | Finance

Given today's uncertain economic climate, it’s more vital than ever for construction professionals to find ways to minimize costs while answering customers' needs, safeguarding profits and elevating their competitive profiles.

Steps Contractors Should Take After Receiving a PPP Loan

by John Gallo | Aug 20, 2020
Accounting | Business | Business Development | Finance

Once a PPP loan has been obtained, contractors should work immediately to bring back employees, track expenses by employee and prepare to apply for loan forgiveness right away, which is a huge benefit for all businesses able to obtain this loan.

What Contractors Don’t Know About Equipment Leases Could Cost Them a Fortune

by Marc Betesh | Aug 15, 2020
Departments | Equipment | Finance | Fleet Management

It is never too late to negotiate, or renegotiate, lease agreements—especially when market conditions have changed. In the shadow of COVID-19, businesses are evaluating every aspect of their operations and restructuring lease agreements for assets and property to conserve cash and gain better control over their portfolios.

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CONSTRUCTION EXECUTIVE

Why Contractors Should Consider Selling Their Business Despite COVID-19

The Impact of COVID-19 on the Lease Accounting Standard

How Construction Contractors Can Increase Profits

Be a Good Neighbor: Protect Against Claims by an Adjacent Landowner During Construction

Breaking Down the Work-in-Process Schedule

Surcharging Helps Preserve Profits in a Troubled Economy

Steps Contractors Should Take After Receiving a PPP Loan

What Contractors Don’t Know About Equipment Leases Could Cost Them a Fortune

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