construction

Artificial intelligence (AI) has been receiving plenty of press coverage lately, some of it positive and some of it negative. The truth is, like many technological innovations, AI is both…

For construction companies, accounting isn’t as simple as just balancing the books every month. Contractors tend to have multiple projects underway at various stages of completion and, ideally, more in…

Most federally funded projects and even some privately funded ones require contractors to obtain payment and performance bonds. Unfortunately, qualifying for those bonds can be a challenge for small construction…

When evaluating the financial performance of a construction company, lenders, sureties and other stakeholders often want more than just an income statement, balance sheet and statement of cash flows. Although…

Construction projects are inherently fraught with risk. That’s why having the right insurance in place is critical for all parties involved. For contractors, however, adequate coverage typically comes at a…

In a physically intensive industry such as construction, injuries happen. For this reason, workers’ compensation insurance has got to play a critical role in your risk management efforts. From a…

If your construction business is structured as a partnership, limited liability company or S corporation, don’t overlook the potential benefits of a state’s pass-through entity tax (PTET). Nearly every state…

For construction businesses, financial management is notoriously complex. Contractors have to deal with the ebbs and flows of their respective markets, project-based pricing and collections, rising operating costs, and various…

Nowadays everything is “smart,” from phones to watches to appliances to, well, buildings. In a smart building, major systems — such as HVAC, lighting and security — are integrated under…

For construction businesses, workers’ compensation insurance is a must-have. Unfortunately, because of factors such as inflation and labor shortages, the cost per claim has generally increased industrywide in recent years.…

The construction business is risky business — with inflation, supply-chain complexities and the skilled labor shortage all combining to make life interesting to say the least. If you’re a general…

In the complex and sometimes chaotic world of long-term construction projects, many contractors find themselves struggling to accurately align the revenue coming in with the expenses being paid out. This…

As the United States, and indeed the world, shifts toward clean energy, most construction businesses will need to contemplate converting their fleets to electric vehicles (EVs). Whether your company should…

If your construction business plans to bid on a publicly funded project, it’s important to understand your obligations under prevailing wage laws. This includes the federal Davis-Bacon Act (DBA) and…

Construction is a highly competitive industry notorious for its razor-thin profit margins. That’s why it’s important for contractors to identify every possible way to reduce costs, generate income and minimize…