Finance

Working Backward From a Construction Budget With Target Value Design

by Julie Huval | Aug 8, 2017
Business | Finance

Target value design lets the budget drive design decisions early in preconstruction. The concept allows the entire preconstruction team to begin with a validated, estimated cost in mind and then work backward from that amount to maximize the owner’s budget.

Twelve Financial Strategies for Construction Contractors

by Martin C. McCarthy | Jun 28, 2017
Accounting | Business | Finance

A successful contractor does everything possible to run a lean, financially sound company. Finding ways to save money while increasing margins, improving cash flow and operating more efficiently is key. Following are 12 financial strategies to help contractors stay financially healthy.

Private Equity’s Ability to Improve Cash Flow and Further Business Growth

by Douglas P. Sutton | Jun 26, 2017
Business | Finance

As the economy remains solid and businesses generally are doing well, most construction contractors have likely thought about ways to continue growing their companies. By investing in a minority stake in a business, strategic equity partners can provide capital for growth or shareholder liquidity, and help take the business to the next level.

Verify Clients’ Credit History and Cash Flow to Protect the Bottom Line

by Scott Applegate | Jun 22, 2017
Business | Finance

When contractors extend payment terms and are not paid in advance, they could be taking on the financial challenges of the new and existing clients without even knowing it. By verifying clients' creditworthiness and managing payment terms, contractors can avoid cash flow problems.

Preconstruction Tips to Keep Construction Projects Under Budget

by Construction Executive | Jun 1, 2017
Business | Finance

The lead person of the preconstruction team is tasked with having a big-picture view with an eye for every detail, especially the budget. Follow these guidelines to help turn your projects into a win-win every time.

Easy Tips to Stay on Schedule and Within Budget

by Construction Executive | May 31, 2017
Business | Finance | Project Management

Staying on schedule and within budget is a delicate and tedious process. It requires attention to detail and dedicated performance tracking. With practice, everyone can become a master. However, by following these simple steps, even the greenest of construction managers can make a project stay on schedule and budget.

Financial Statement Red Flags to Detect Internal Theft: Construction Contractors Can Minimize Financial Damage by Recognizing Fraud

Financial statement fraud is a real threat to businesses large and small across all industries. The first line of defense against these criminal activities is the implementation of systems, policies and controls intended to safeguard an organization and deter fraud or stop it in its tracks at the first sign of detection.

Construction Site Security: Protect Employees, the Public, Property, Assets and the Bottom Line

A construction site is full of hazards to employees and the general public. An unsecured site is an invitation to theft of material and equipment. Contractors with a site security program in place will see a dramatic reduction in vandalism, theft of materials and property, damage to property and potential liability exposure due to injuries to trespassers.

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CONSTRUCTION EXECUTIVE

Working Backward From a Construction Budget With Target Value Design

Twelve Financial Strategies for Construction Contractors

Private Equity’s Ability to Improve Cash Flow and Further Business Growth

Verify Clients’ Credit History and Cash Flow to Protect the Bottom Line

Preconstruction Tips to Keep Construction Projects Under Budget

Easy Tips to Stay on Schedule and Within Budget

Financial Statement Red Flags to Detect Internal Theft: Construction Contractors Can Minimize Financial Damage by Recognizing Fraud

Construction Site Security: Protect Employees, the Public, Property, Assets and the Bottom Line

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