Posts Tagged 'Financial'

We are pleased to present below all posts tagged with 'Financial'. If you still can't find what you are looking for, try using the search box.

The Value of an Annual Partnering Meeting

The results of the partnering meeting, as it becomes an annual tradition, will prove to be valuable throughout the year, and help to provide a big-picture view of the construction business that otherwise would not be possible. 

Three Financial Red Flags to Monitor

A steadfast financial management process fosters teamwork, accountability, communication among departments, and continual learning and improvement so the same mistakes aren’t duplicated. 

Safety: A Near-Perfect Alignment Between Doing the Right Thing and Enhancing Profitability

Firms with better safety records are less exposed to lawsuits and claims for workers’ compensation. Trained workers are more likely to stay on the job. Better safety means fewer expenses to repair damaged equipment and reputation. And, safe companies eliminate the costs of investigation, potential workplace interruptions and impacts on morale.  

Building a Positive Cash Flow Floorplan

Building a cash flow system from the ground up starts by following a management floorplan. The biggest challenge is not aligning the core principals, but rather keeping up with these recommendations over time. Setting up a strong system will benefit the business in the long and short term.

The Best Kept Secret for Financing Construction Projects

Most companies face the question of how to best meet the need for long-term financing for capital projects. As it turns out, owners—often along with their contractor partners—can utilize bond financing for land acquisition, construction and even equipping a wide range of improvements.

Protecting and Preserving Payment Rights Can Lead to a Healthier Bottom Line

Experience tells the prudent contractor that certain processes can increase the likelihood of protecting and preserving payment rights. Payment issues and concerns typically arise during three construction phases: pre-, during and post-performance. 

Surviving the Recovery

Understanding costs, running a lean operation, avoiding onerous contractual obligations and focusing on the bottom line rather than the top line are the keys to success. 

Technology Helps Address Working Capital Challenges

The combination of payment delays and uncertain timing creates cash flow and working capital challenges that can limit subcontractors’ growth and create financial strain. Technology has a role to play in solving this problem by helping fundamentally alter the flow of funds in construction payments to address subcontractors’ working capital woes.

Surety Industry Steps Into the Future With Data Standards

The NASBP’s and SFAA’s promotion of these data standards will enhance the surety industry’s efficiency, productivity and quality—helping improve response times and the overall level of service and support provided to contractors. 

IRS Strengthens Annual IRA Valuation Reporting

The IRS is looking more closely at IRAs that hold hard-to-value assets, especially in years that a distribution or deemed distribution have been made. 

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Industry Changes Push AEC Firms Toward Proactive Recruitment
When it comes to recruitment, the AEC industry is grappling with an already...

Gauging the Swing of the Republican Pendulum
As suddenly as the window of opportunity blew open for Republicans by the winds...

Q: What does it mean for your company to be employee-owned?
Employee ownership allows Choate to share long-term success with our employees...

Service Above Self
Two years ago, Gary Neal—an engineer and project manager with MEC Contractors...

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