Finance

Focus on Financial Protections Before the Economy Slows Down

by Robert Mercado, Christopher Sisk | Oct 30, 2019
Business | Business Development | Economy | Finance

The economy will inevitably begin to slow, given historical patterns. It is best practice for contractors to prepare for this eventuality and determine what actions can be taken now to secure the company for continued success.

Improve Capital Project Outcomes With Emerging Technology

Unprecedented tools are being placed in the hands of operatives in other parts of the general economy. Capital project teams should be on the lookout to lead this disruption in the construction industry.

Cash Flow Problems Stall Growth for More Than Half of Construction Businesses

Proper budgeting, monitoring payment statuses and maintaining awareness of project developments can help prevent problems.

Three Mistakes That Lose Money and Slow Payment—And How to Avoid Them

by Nate Budde | Oct 21, 2019
Business | Business Risk | Finance

Three mistakes that increase financial risk and kill construction company finances are not sending or requesting payment notice, overly complex paperwork and failure to communicate.

Four Ways to Manage Subcontractor Expenses

by RubinBrown LLP | Oct 20, 2019
Accounting | Business | Finance

Managing a general contractor’s most significant expenses can have a direct impact on profitability. By implementing tight controls, a general contractor may be able to “move the needle” on profitability in a competitive market.

Percentage of Completion or Completed Contract: Which Is Better for Long-Term Contract Tax Reporting?

To make sure tax strategy aligns with business and personal goals, it is vital for contractors to explore their reporting options.

Avoid Five Common Fraudulent Schemes Used in Construction

by Ken Van Bree | Oct 14, 2019
Business Development | Finance | Workforce

The threat of fraud can never be wholly removed; however, companies should take steps to identify likely fraud schemes they might face. Here are a number of schemes frequently used to defraud construction companies.

ESOPs: A Hotly Trending Strategy for Construction Companies

by Patrice Radogna, Kenneth J. Pia Jr. | Sep 30, 2019
Business | Finance

An exit strategy is imperative to prepare for the continued success of the company before handing the reins to someone else—no matter how qualified or promising that person may be.

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Focus on Financial Protections Before the Economy Slows Down

Improve Capital Project Outcomes With Emerging Technology

Cash Flow Problems Stall Growth for More Than Half of Construction Businesses

Three Mistakes That Lose Money and Slow Payment—And How to Avoid Them

Four Ways to Manage Subcontractor Expenses

Percentage of Completion or Completed Contract: Which Is Better for Long-Term Contract Tax Reporting?

Avoid Five Common Fraudulent Schemes Used in Construction

ESOPs: A Hotly Trending Strategy for Construction Companies

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