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News & Updates
5 common billing methods in the construction industry
Aug 10, 2022
|
Construction
Your neighborhood ice cream shoppe no doubt operates under a simple fixed price, point-of-sale billing method. Construction companies ...
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Give your construction company’s bonding capacity a solid foundation
Jul 26, 2022
|
Construction
A high bonding capacity is a strategic objective of many construction businesses. Knowing you can get the necessary ...
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Reviewing revenue recognition for construction companies
Jul 12, 2022
|
Construction
While many businesses handle sales in a single transaction, construction contracts often cover months or even years and ...
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5 change-order pitfalls construction companies should avoid
Jun 28, 2022
|
Construction
Properly documented and handled change orders can mean more profitable jobs for construction companies. When the process doesn’t ...
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Contractors must clear a high bar to claim disruption damages
Jun 14, 2022
|
Construction
It’s not unusual for a construction contractor to seek damages when an owner’s actions delay completion of a project. The ...
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Could the Work Opportunity Tax Credit help your construction company?
May 31, 2022
|
Construction
The construction industry has been facing a labor shortage for years. Although there are various ways to tackle ...
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Placing a high value on a construction business valuation
May 17, 2022
|
Construction
If you own or co-own a construction business, it’s likely your most valuable asset. But the question is, ...
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Ensure your construction accounting system has the right features
May 5, 2022
|
Construction
Construction accounting is distinctively complex. Unlike other businesses that rely heavily on a general ledger to track finances, ...
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Tax-saving fundamentals for construction companies
Apr 19, 2022
|
Construction
By the time you read this, you might have already filed your construction business’s federal tax return for ...
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Are you staying ahead of your construction company’s backlog?
Apr 5, 2022
|
Construction
When projects stalled across the country during the initial weeks of the pandemic — some indefinitely because of ...
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Reducing your construction company’s workers’ comp costs
Mar 22, 2022
|
Construction
Workers’ compensation insurance represents a major expense for construction companies. It might seem like there’s not much you ...
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Don’t let profit fade dim your hopes for a good year
Feb 22, 2022
|
Construction
A gradual decline in expected gross profits over the course of a project is known as “profit fade.” ...
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