Executive Insights: Contractors’ Guide to the Bottom Line
Industry experts weigh in on tips for maintaining a healthy bottom line.
Key Financial Indicators of Project Progress
Contractors often can determine if a project is meeting completion milestones simply through experience and intuition. But a more accurate method entails the analysis of data collected from the accounting department, which should be monthly at a minimum.
Calculating the Overhead Recovery Rate Can Make or Break a Business
Failing to recover the full cost of overhead in estimating or pricing likely will make a business, product or job unprofitable when the final numbers are applied.
Five Proven Ways Construction Subcontractors Can Reduce Surety Bond Costs
The cost of a surety bond is an integral aspect of the cash flow of a construction business, no matter how large or small. Contractors should understand how bond pricing works and its link to personal credit history.
Construction Accounting Risk at Macro and Project Levels
Construction accounting is difficult on both a weekly project basis and a company-wide business reporting level, but proper application of best practices can smooth out processes and make sure the firm is in the best possible position to be paid fairly.
Five Ways Contractors Can Lower Workers’ Compensation Costs
Lowering workers' comp rates can be as simple as five simple recordkeeping and paperwork reporting procedures.
The ‘B’ Word
When a contractor files for bankruptcy, subcontractors may file a mechanics’ lien, but a seemingly simple thing like an automatic bankruptcy stay can be complicated by applicable state law.
Secrets to Success for Construction Financing as the Capital Stack Shifts
The days of financing a construction project with 70 percent to 75 percent loan to cost, pricing in the low 200 basis-point-range over LIBOR and a 50 basis point commitment fee are gone, at least for the immediate future.
