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Showing 129–144 of 390 results
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Construction Success Story – Demolishing paper piles with document control software
July / August 2018
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 449
Abstract: This issue’s “Construction Success Story” features a demolition contractor who had become overwhelmed by the myriad of documents involved with even his most modest projects. He realized he needed to buy a comprehensive electronic system to assist him. For help, he visited his CPA, who advised him on some key criteria for making a smart purchase.
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Preconstruction should concentrate on major issues
July / August 2018
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 547
Abstract: Preconstruction can make the difference between a project’s success or failure — and a contractor’s profit or loss. A methodical approach helps anticipate problems and address them before they interfere with the work in progress. This article reviews some of the most important aspects of preconstruction, including setting the budget and perfecting the schedule.
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Think outside the box when it comes to succession planning
July / August 2018
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 691
Abstract: When pondering how to exit their company, most construction business owners understandably think of themselves. But, when looking to maximize the value of the business and ensure it stays in good hands, it can be helpful to envision the company from an outsider’s perspective. This article explores this concept, delving into matters such as choosing an exit strategy and preserving cash flow.
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Subcontractor focus – How to better manage your distinctive financial challenges
July / August 2018
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 904
Abstract: Subcontractors face a distinctive set of financial challenges when they’re brought into a project. It’s important for them, as business owners, to occasionally reassess these factors and how they’re affecting their companies’ success. This article discusses the role of subcontractors and the importance of strong credit. A sidebar looks at why subcontractors should approach payment disputes with general contractors reasonably.
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Construction Success Story – Jobsite cameras do a whole lot of good
May / June 2018
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 437
Abstract: This issue’s “Construction Success Story” features a general contractor who was short on project managers and suffered from safety foibles and jobsite thefts. After discussing these challenges with his CPA, the two of them came up with a solution: jobsite cameras. Following thoughtful due diligence and the development of a carefully calculated budget, a purchase was made.
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Buy-sell agreements require regular maintenance
May / June 2018
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 658
Abstract: Most companies with more than one owner should enter into a buy-sell agreement, including construction businesses. Once it’s drawn up, the agreement should be reviewed periodically to ensure it still suits ownership’s needs. This article describes some of the important things to check up on, including the purpose, triggers, structure and funding mechanisms.
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Avoiding project delays and getting back on track
May / June 2018
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 529
Abstract: “Expecting the worst and hoping for the best” is a valid approach to construction. By understanding why projects most often bog down, and recognizing some early warning signs, contractors can put themselves in a better position to turn things around. This article describes a few common causes of job delays and suggests some steps to take should a project slowdown occur.
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Know your worth – Valuation insights can be priceless
May / June 2018
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 967
Abstract: Many construction company owners underestimate the value of their business. This is partly because the valuation process itself is often shrouded in mystery. This article takes a detailed look at one approach to appraising a construction company — using five years’ worth of financial data to project future cash inflows. A sidebar urges contractors to practice discretion when undergoing a valuation.
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Construction Success Story – Heavy equipment training improves with simulators
March / April 2018
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 461
Abstract: This issue’s “Construction Success Story” features a general contractor who found himself intrigued after witnessing a trade-show demo of a simulator for training crane operators. After speaking to the sales rep, he sat down with his CPA to estimate the potential value of such a pricey purchase and to discuss how to wisely shop for one.
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Subcontractors, what should you do when a bid goes bad?
March / April 2018
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 673
Abstract: From childhood on, we’re all told that “everyone makes mistakes.” Unfortunately, sometimes this particular aspect of the human condition can afflict subcontractors as they submit bids. This article discusses the legal impact of a bidding mistake and suggests some ways to mitigate the situation.
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5 major construction risk factors identified in recent study
March / April 2018
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 542
Abstract: It’s impossible to run any business without incurring risks, but the construction industry is riskier than most. Just last year, an important study was released called the Construction Risk Index 2017. This article discusses five of the most pertinent factors identified, including geopolitical instability and new technologies.
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Take a break – New tax law offers opportunity to “pass-through” owners
March / April 2018
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 787
Abstract: Late last year, Congress passed and the president signed into law the Tax Cuts and Jobs Act. One of its most notable changes is a new tax deduction available to owners of pass-through entities. This article explains how the new tax break works. A sidebar looks at changes the new tax law brings to owners of C corporations.
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Construction Success Story – Contractor gets crackin’ on better WIP reports
January / February 2018
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 445
Abstract: This issue’s “Construction Success Story” features a commercial HVAC contractor who was consistently experiencing cash-flow problems as his jobs neared completion. He sat down with his CPA, who told him he needed to update his work in progress reports and make better use of them.
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Is it time to buy a drone? Issues to consider
January / February 2018
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 543
Abstract: Over the last few years, drones (or, more properly, unmanned aerial vehicles) have evolved from novelty items to integral tools in many a contractor’s inventory. But that doesn’t necessarily mean buying one is absolutely necessary for every construction company. This article discusses some of the issues involved in the buying decision.
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Secure your front office against the threat of fraud
January / February 2018
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 675
Abstract: In its 2016 Report to the Nations on Occupational Fraud and Abuse, the Association of Certified Fraud Examiners reported that construction businesses suffered a median loss of $259,000 in the 86 cases reported. Contractors must secure their front offices against such financially devastating crimes. This article points out some of the more common ways dishonest employees steal money and suggests three countermeasures to consider.
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The fight goes on – Considering costs and revenue when battling profit fade
January / February 2018
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 914
Abstract: When construction costs start to creep over revenue coming in, a contractor is suffering from “profit fade.” This problem can arise out of costs or revenues (or both), so it’s important to look at each of these elements independently. This article examines two common cost factors and discusses contributing revenue factors. A sidebar delves into how indirect costs, namely insurance expenses, can trigger profit fade.