construction

Recent report champions women in construction

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…

Upgrading financial statements to a classified balance sheet

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…

Need an exit strategy? Consider an ESOP

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…

The Construction Industry’s High Failure Rate: Avoiding Common Pitfalls

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…

How do federal infrastructure bids work?

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.…