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Showing 113–128 of 242 results
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The Contractor’s Corner – Is pollution liability insurance worth the cost?
Fall 2016
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 440
Abstract: This issue’s “Contractor’s Corner” answers a query about pollution liability insurance. Namely, is it a worthy investment for every contractor? As the article explains, the necessity of this coverage depends on a construction company’s specialty and the fine print of its existing insurance.
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Fine-tune equipment costing for a smoother-running company
Fall 2016
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 666
Abstract: Contractors must continually account for the cost of their equipment over time. So it’s a good idea to review and, if necessary, fine-tune processes regularly. This article reviews the keys to effective equipment costing — including allocation, approach and depreciation.
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Keeping a close eye on contract allowances
Fall 2016
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 535
Abstract: A contract allowance is an estimated dollar amount that allocates funds to a particular job task for which a specific dollar amount couldn’t be arrived at during bidding. Unfortunately, these amounts often lead to conflicts with project owners. This article reviews the concept of contract allowances and discusses some important points for contractors to bear in mind when handling them.
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Managing your workforce – How the new overtime rule will affect the construction industry
Fall 2016
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 938
Abstract: This past May, the DOL released a final rule that dramatically alters how employers across the country will approach overtime pay. And the construction industry stands to be heavily affected by the changes. This article discusses some critical points of the final rule, including threshold dollar amounts. A sidebar looks at how one of the tests used to determine overtime exempt status has been affected.
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The Contractor’s Corner – What could go wrong with our new accounting software?
Summer 2016
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 450
Abstract: This issue’s “Contractor’s Corner” answers a query about what could go wrong when implementing a new construction accounting system. As the article explains, two of the primary implementation risks that contractors face are bad data and missed opportunities.
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Job rescue: Best practices when playing the hero
Summer 2016
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 656
Abstract: Today’s improved economic environment for construction has led many developers and contractors to leap unprepared into big projects and eventually find themselves unable to complete the work. These misfortunes create opportunities for other construction companies to step in and “play hero.” This article discusses some best practices to help minimize risk and maximize the potential payoff.
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It pays to be picky when choosing a business partner
Summer 2016
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 539
Abstract: There comes a point in the existence of many construction companies when the owner may want to bring in a partner. Contractors who find themselves in such a situation need to be as patient and choosy as possible. This article covers the two major facets of choosing a business partner: strategic and financial (especially the tax impact).
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Let’s talk about leases – New accounting standard to usher in significant changes
Summer 2016
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 912
Abstract: Earlier this year, the FASB issued its long-awaited update revising the appropriate treatment of leases on financial statements. Affected construction companies should start assessing its impact now. This article explains important details of Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842). A sidebar looks at how the complexity of combined contracts is addressed.
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The Contractor’s Corner – Should I go “pro” with time and billing software?
Spring 2016
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 435
Abstract: This issue’s “Contractor’s Corner” answers a query about whether time and billing software is a worthy investment for a construction business owner. As the article explains, this technology offers a number of intriguing benefits relating to tracking workers’ hours and procuring timely payments. But contractors need to carefully approach the buying process.
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Don’t miscalculate the accounting impact of change orders
Spring 2016
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 637
Abstract: Many contractors field change orders just fine on the job site but bobble the ball once the numbers reach the front office. This article looks at the risks of miscalculating the accounting impact of change orders and offers tips on how to mitigate them.
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What your lender really wants to hear
Spring 2016
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 536
Abstract: Lenders expect construction companies to operate in a manner that assures both timely payments and the feasibility of future loans. Thus, there are certainly things they want to hear from contractors. This article discusses the importance of sound financial information and established business imperatives such as insurance and proper licensing.
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KPIs for contractors – Finding your way with mission-critical metrics
Spring 2016
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 916
Abstract: With proper preparation and guidance, contractors can have at their fingertips a wealth of statistical insight into how their companies are performing — far beyond the bottom line on an income statement. The metrics that make this possible are commonly referred to as key performance indicators (KPIs). This article looks at just a few of the best indicators to track. A sidebar discusses software that allows users to view KPIs in a visually dynamic manner.
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The Contractor’s Corner – How can I get paid on time, more of the time?
Winter 2016
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 445
Abstract: This issue’s “Contractor’s Corner” answers a query about a problem common to many construction companies — collecting timely payments from project owners. As the article explains, sometimes contractors need to subtly change how they conduct business to incorporate more effective collection measures.
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Approach tax accounting with a watchful eye
Winter 2016
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 687
Abstract: Tax accounting for construction businesses can be a complex and daunting task. For this reason, it’s important for contractors to occasionally review the principles involved. This article discusses two commonly recognized accounting approaches, as well as the differing rules for long-term contracts.
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6 tips for hiring, training and managing Millennials
Winter 2016
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 537
Abstract: Contractors continue to face a serious shortage of skilled workers, both on the jobsite and in the office. But there lies hope in “Millennials” — that is, prospective employees between the ages of 18 and 35. This article offers six tips on how to hire, train and manage these young workers.
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Building a stronger bond – How to keep a surety on your side
Winter 2016
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 829
Abstract: To build a successful construction business, contractors must be able to qualify for and win substantial projects. Doing so often requires maintaining or increasing their bonding capacity. The sureties that provide such bonds will look at many factors to determine whether a construction company is truly capable of performing the work. This article describes some of the key factors that sureties look for. A sidebar discusses recent survey results indicating that the skilled labor shortage is far from over.