What construction companies should know about IDIQ contracts

Historically, many construction businesses have engaged in federal contracting because the projects tend to be plentiful, with little ...
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Contractors can calculate KPIs, too

Successful companies of all stripes use key performance indicators (KPIs) to monitor their financial health and spot red ...
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How is 3D printing affecting the construction industry?

If you’re even remotely interested in technology, you’ve likely encountered the term “3D printing.” Sometimes also referred to ...
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Construction companies should approach drone purchases carefully

They say there are two kinds of contractors these days: one that uses a drone and another with ...
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The latest on occupational fraud in the construction industry

The construction industry has made great strides in overcoming the outdated perception that it’s rife with corruption. Unfortunately, ...
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A review of inventory accounting for construction companies

Many construction businesses reach a point in their growth when they decide to maintain inventories. They might keep ...
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Digital transformation is for construction businesses, too

It may sound like something out of a blockbuster science fiction movie: digital transformation. Yet, it’s a very ...
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Is earned wage access a viable option for construction companies?

Earned wage access (EWA) is catching on across various industries. Many different types of employers are using it ...
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The contractor’s role in life-cycle cost analysis

When project owners invest in construction jobs, they invariably look for long-term value. Whether road, residence or commercial ...
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Exit strategy: ESOPs for construction companies

Contractors often struggle to find suitable buyers for their companies when they’re ready to retire or otherwise move ...
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What contractors should expect when getting bonded

Under a performance bond, a legally binding agreement is established between a construction company, a surety (the bond ...
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Is a PTET election right for your construction company?

Businesses structured as partnerships, S corporations or limited liability companies generally aren’t subject to the federal corporate income tax. ...
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