Here are several scenarios highlighting the accounting treatments available to construction contractors that may differentiate their financial reporting from their income tax reporting.
Payment Bonds on a Private Construction Project
Payment bonds aren’t just for public projects. Private owners can mitigate risk and protect subcontractors and suppliers on the project.
Take Advantage of Innovations in Prefabrication and Modular Construction
Industry research and data anticipate continuous growth in the prefabrication market. The first steps toward incorporating prefabrication into projects are to educate teams on the offsite spectrum and begin evaluating solutions that may make sense for upcoming projects.
Navigating Aggressive Construction Timelines in the Hospitality Sector
Hospitality construction and renovation work is unique in that, more often than not, it requires contractors to perform complex, bespoke and intricate work while remaining invisible and inaudible.
Design-Build Trends, Challenges and Risk Mitigation
Design-build contractors with contractual responsibility for design and construction need strong contractual language and insurance programs to minimize risk exposures.
The Advantages of Prefabrication in Competitive Real Estate Markets
Prefabrication is promising for the construction industry since it moves part of the building process to a controlled factory environment. Decreased uncertainty is key in regions with competitive environments.
Increase Productivity and Cost Savings With Site Logistics Planning
Not all construction solutions are found in the latest technology. That’s where developing a more proactive versus reactive culture on project sites becomes pertinent, and where simple demand planning can drive increased productivity and cost savings.
The Impact of Design-Build on Project Costs and Risks
Enhanced design-build strategies offer engineers, architects and contractors an opportunity to work together more cohesively to present the client with the best overall budget.
According to Cindy McCree-Bodine, vice president of business development at McCree General Contractors & Architects in Orlando, Florida, this process includes being conscientious of the budget during design and construction.










