construction
As summer draws to a close, it might seem a little early to start thinking about filing your 2026 tax return. But the truth is, now’s the perfect time for…
In construction, every day is a race against time as you try to complete projects on schedule. Now imagine getting hit by a ransomware attack that locks you out of…
Like most contractors, you’ve probably seen a project or two go sideways. In the heat of the moment, your priority is no doubt getting the job moving again. But, later,…
A buy-sell agreement (or “buy-sell” for short) is a formal legal contract among a business’s owners that sets terms for transferring ownership interests. It gives owners, or the business itself,…
For construction businesses with more than one owner, continuity might seem to depend solely on keeping backlog strong and current jobs on schedule. But sudden ownership changes can disrupt operations…
A net operating loss (NOL) may arise if a construction business’s deductible project costs, overhead and other allowable expenses exceed its income for the year. This can occur because of…
Publicly funded construction projects can offer valuable opportunities for contractors. However, if you’re interested in such a job, be sure to fully understand the wage requirements before bidding. The federal…
Aging accounts receivable can hurt any construction business’s financial performance. And as you’ve probably experienced, it’s a common issue. Payments are often delayed by last-minute change orders, hefty retainage, project…
The name of your construction business plays a critical role. It helps project owners find, recognize and ultimately trust you. But as your business grows, you may encounter situations where…
Private equity (PE) activity in the construction industry is surging. Global construction M&A deal value reached $33 billion in the third quarter of 2025, according to the Construction Financial Management Association…
Running a construction business requires compliance with the Occupational Safety and Health Administration’s (OSHA’s) many rules. But there can be a big difference between doing the bare minimum and building…
Retainage has long been a contentious practice in the construction industry. Unfortunately, it appears unlikely to disappear anytime soon. The good news is that by recognizing and planning for the…
Many small to midsize construction businesses struggle with bonding capacity. You’ve likely tried to stick to long-standing, surety-pleasing practices such as presenting accurate estimates and staying on friendly terms with…
Dealing with change orders is an unavoidable part of running a construction business. Although often disruptive, they can actually be golden opportunities to increase project revenue. Unfortunately, many contractors lose…
Cash flow management is a critical tool for any business. But it’s especially important for construction companies, which operate in a notoriously slow-paying industry. Read on for some useful tips…