Finance

Report Uncovers $40 Billion of Excess Costs in Construction Industry

by Contract Simply | Aug 1, 2018
Business | Finance

Contract Simply conducted an industry-wide study that revealed slow payments in the construction industry result in $40 billion in superfluous costs annually.

Seven Reasons Contractors Should Consider Third-Party POS Financing

Advances in financial technology services make it possible for construction companies to offer instant credit decisions to customers at no additional cost. These turnkey financing programs offer all the benefits of an in-house financing credit system without the risk or implementation costs.

Evaluate Reverse Logistics Practices to Save Money

If these three common reverse logistics scenarios ring true then it may be time to evaluate whether a business’ reverse logistics strategy is costing it time, money and customer satisfaction.

2018 Executive Insights: Construction Accounting

by Construction Executive | Jul 23, 2018
Accounting | Business | Finance | Productivity

Industry experts share their insights on construction accounting best practices.

Build a Lasting Foundation of Profitability

Implementation of the soft science of organizational management integrated with appropriate financial controls can ensure profitable job execution.

A New Revenue Recognition Standard Is (Almost) Here

by Pete Miller | Jul 20, 2018
Accounting | Business | Finance

Most public companies started complying with the new revenue recognition standard, Revenue From Contracts With Customers (ASC 606), when it took effect Jan. 1, 2018. Meanwhile, private companies are counting down to Jan. 1, 2019. For these firms, now is the time to seize the opportunity for a smooth transition.

Slow Pay Leads to Needless Costs

by Joanna Masterson | Jul 10, 2018
Accounting | Business | Finance | Project Management

More than 40 percent of subcontractors surveyed said they wait between 30 and 60 days for payment, while an additional 46 percent wait 60 to 90 days.

Louisiana Sets Parameters for Late Payments

by Joanna Masterson | Jul 6, 2018
Accounting | Finance | Legal and Regulatory | Legislation

Louisiana Gov. John Bel Edwards (D) signed Act No. 566 into law, amending a statute to indicate that payment from a public entity to a contractor is considered late 45 days following receipt of a proper request for payment.

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Report Uncovers $40 Billion of Excess Costs in Construction Industry

Seven Reasons Contractors Should Consider Third-Party POS Financing

Evaluate Reverse Logistics Practices to Save Money

2018 Executive Insights: Construction Accounting

Build a Lasting Foundation of Profitability

A New Revenue Recognition Standard Is (Almost) Here

Slow Pay Leads to Needless Costs

Louisiana Sets Parameters for Late Payments

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