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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Bank lines of credit are lifelines for many contractors, yet convincing a bank to provide or renegotiate a line of credit is not easy. Building your case beforehand can certainly help and makes you look better in the eyes of the bank. Crunch the numbers – Banks like proactive business owners.

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4 Factors Underwriters Consider When Issuing a Construction Bond

Levelset

Some contractors watch as their gross profit margins decrease when they take on larger jobs. Sureties calculate working capital more conservatively than other credit providers or banks. It is also helpful to provide the surety with a cash flow projection for the project. Ability to absorb losses.

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Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

There are a number of people who pass out advice on how to start a profitable construction company; however, very few have actually done it and fewer still had a clear understanding of where they were making or losing money and fewer yet have ever gotten past the point of owning a J.O.B. The really good news they are on the banks payroll.

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We Work With CPA's, Bankers, Advisers To Increase Contractor Profits

Contractor Bookkeeping

1 Commercial Banker - Someone to help you manage cash flow and put your cash to work earning interest with sweep accounts and other banking tools. They are excellent at reviewing your Key Performance Indicators and advising on profit and growth opportunities. #2 5 Financial Planner. We work closely with C.P.A.

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You Have HUD-1 Statements And Your Bank Wants Financial Statements

Contractor Bookkeeping

You are a spec home builder in need of a construction draw and your bank or lender wants to see your latest financial reports and this time they want all of the current houses you are working on to be reflected in QuickBooks correctly as Work-In-Process (W.I.P.) Insurance Audit Support Service. Does this sound familiar?

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When Being A Licensed Contractor Is Just Not Enough!

Contractor Bookkeeping

When you hire 1099 contractors you need to know that their state contractor’s license, bond and insurance are active. During audits states agencies are now looking to check about the bond and insurance. Did you send your liability insurance payment in late? Is your #1 Favorite Customer adding / taking profits or cash flow?

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Mr. Rattner discussed the stress tests given by the Treasury Department to large banks that were receiving TARP funds. What would you do next week if you lost that job you had been banking on? STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology.