Finance

Three Essential Tips for Managing Accounts Receivable in Construction

Managing accounts receivable in the construction industry can be tricky, but it should always be a top priority for all contractors, suppliers and business owners. Contractors can take note of these practices to improve their collection processes and cash flow.

Financial Statement Basics: What a Contractor Needs to Know for Surety Bonding

When evaluating a contractor for surety credit, sureties look for the three Cs: character, capacity and capital, to form an opinion on a contractor’s past, current and future performance.

Three Best Tax Reform Changes for Contractors

by Joseph Molloy | Jun 6, 2019
Accounting | Business | Finance | Taxes

The Tax Cuts and Jobs Act comes with many positive aspects, regardless of its less-than-stellar reputation. Following are three ways TCJA benefits construction contractors.

GPS Fleet Systems Help Drive Safety and the Bottom Line

Whether it’s providing near real-time location updates, reducing breakdowns or improving vehicle security, GPS fleet tracking solutions can provide numerous benefits to help fleet managers keep their teams and vehicles on the road and safe this summer.

Solve Construction Challenges With Intelligent Information Management

Construction companies face numerous pressures—some of which can be mitigated by a simple information management strategy. Through a unified, consolidated document management system, construction companies can increase efficiency and productivity.

Entity Structure for Contractors Under the New Tax Law

It is important to analyze the unique characteristics of each business while considering the federal and state tax implications and the business’ long-term intentions to pick the right entity structure.

Four Common Mistakes That Hurt a Construction Company’s Cash Flow

by Aki Merced | May 21, 2019
Business | Business Development | Finance

Cash flow issues are some of the biggest challenges of all business owners. By taking note of potential pitfalls in business operations, construction business owners can mitigate future issues and keep the company in the black.

Avoid Misunderstanding the Importance of Contract Ratios

Without a proper understanding of the ratios specific to the construction industry, contractors run the risk of compromising their financial strength.

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Three Essential Tips for Managing Accounts Receivable in Construction

Financial Statement Basics: What a Contractor Needs to Know for Surety Bonding

Three Best Tax Reform Changes for Contractors

GPS Fleet Systems Help Drive Safety and the Bottom Line

Solve Construction Challenges With Intelligent Information Management

Entity Structure for Contractors Under the New Tax Law

Four Common Mistakes That Hurt a Construction Company’s Cash Flow

Avoid Misunderstanding the Importance of Contract Ratios

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