construction
Some construction projects are too big or too complex for one general contractor alone. In such instances, a viable solution may be for two construction businesses to form a joint…
Cash flow is the lifeblood of every business, but it’s especially vital for construction companies. In an industry characterized by razor-thin profit margins, solid cash management practices can make the…
Construction companies are required to obtain surety bonds on many types of projects — particularly those that are publicly funded. The bonds essentially guarantee that the work will be completed…
Accurate estimates are at the heart of every construction company’s financial success. They provide your team with a foundation to create project budgets, control costs, manage cash flow and, one…
Section 179D of the Internal Revenue Code allows a deduction for the cost of energy-efficient improvements to new or existing commercial buildings, as well as certain residential rental buildings. Originally…
Here’s an often-overlooked fact: Meticulous recordkeeping plays a key role in running a successful construction business. Without proper documentation, you’ll likely struggle to support your position if a dispute arises.…
Section 263A is an often misunderstood and misapplied part of the Internal Revenue Code. And it’s one that many construction businesses — particularly homebuilders — should get a handle on…
When you go to the doctor, the first thing the medical staff likely does is check vital signs such as your temperature and blood pressure. They do so because, if…
Artificial intelligence (AI) has been receiving plenty of press coverage lately, much of it negative. Like many technological innovations, AI is certainly susceptible to abuse and it’s far from infallible.…
Construction is an industry historically dominated by men and currently grappling with a severe shortage of skilled labor. Meanwhile, women represent less than 11% of the construction workforce, according to…
The three major parts of a company’s financial statements are generally regarded to be the balance sheet, the income statement and the statement of cash flows. One way a construction…
Construction business owners today face a variety of challenges, including shrinking profit margins, labor shortages, supply-chain issues and rising costs. On top of that, contractors with an eye on retirement…
Many construction companies struggle to complete projects, meet financial obligations, and sustain operations due to cash flow restraints. Unfortunately, these failures often result in permanent shutdowns. Startling data from the…
The Infrastructure Investment and Jobs Act was signed into law “way back” in late 2021. As expected, it’s taken a while for many of the resulting jobs to come online.…