construction
Digital transformation is a very real trend in many industries, including construction. The term refers to a business’s conscious effort to integrate digital technology into every area of its operations.…
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Earned wage access (EWA) is catching on across various industries. Many different types of employers are using it to help attract and retain employees, but is it a viable option…
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When project owners invest in construction jobs, they invariably look for long-term value. Whether road, residence or commercial real estate, the final deliverable needs to stand the test of time…
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Contractors often struggle to find suitable buyers for their companies when they’re ready to retire or otherwise move on. That may be why many construction businesses implement employee stock ownership…
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Under a performance bond, a legally binding agreement is established between a construction company, a surety (the bond provider) and a project owner. Essentially, the bond guarantees that the business…
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If you’re like most busy construction business owners, you have plenty on your plate. Adding anything more to it is likely a tall order unless that item is going to…
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Construction technology has been growing and improving in a variety of ways. Much of the focus is on front-office technologies such as project management systems and building information management software.…
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Slow payments create many problems for construction companies. They reduce cash flow, undermine profitability, and shrink the working capital needed to fund current projects and other expenses related to day-to-day…
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Businesses structured as partnerships, S corporations or limited liability companies generally aren’t subject to the federal corporate income tax. This is because tax liability “passes through” such entities to each business…
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The Tax Cuts and Jobs Act (TCJA), enacted in December 2017, introduced several significant provisions that have influenced various sectors, including the construction industry. As key provisions approach their expiration…
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