3 Numbers To Know: Costs, Markup and Profit
Running a successful construction company calls for more than just winning bids and doing great work. To get ahead and make money, you need to carefully track your costs and accurately calculate how much to charge Read More
Apr 01, 2022
Dos and Don’ts of Crisis Management for Contractors
From the Great Recession of more than a decade ago to the ongoing COVID-19 pandemic, construction companies have endured some tough lessons over the years. To help you avoid learning some things the hard way, Read More
Dec 02, 2021
5 Common Construction Accounting Risks — and How to Address Them
The primary focus of most contractors is to complete projects according to specifications, on time and on budget. For some construction businesses, accounting tasks that support jobs can take a backseat. Unfortunately, without accurate and Read More
Jul 07, 2021
Nine Ways Contractors Can Maintain Healthy Cash Flow
Contractors trying to keep their construction companies financially healthy face two intrinsic challenges: the seasonal nature of construction work and the unpredictability of an invoice-based business. Both can disrupt cash flow and make collecting and paying Read More
Mar 04, 2021
Contractors: Fraud Prevention Starts with You
From equipment theft to padded time to cyberattacks, contractors are vulnerable to a variety of fraud schemes. According to the Association of Certified Fraud Examiners, the median loss due to internal fraud is $200,000 for Read More
Feb 04, 2021
Contractors: Act Now to Plug Cybersecurity Holes
The coronavirus pandemic has forced many construction companies to embrace a more distributed workforce. Employees who can work remotely are keeping connected with online and mobile technology. Meanwhile, team members on jobsites may be accessing Read More
Dec 17, 2020