Bidding Liability Overhead Profitability 
PSMJ Resources
JULY 10, 2013
Most clients are demanding more work for lower fees, and firms that do not reexamine the terms of their contracts usually find themselves without enough income to break even, let alone make a profit. With government clients, this term can reduce overhead, making your contract price more attractive. Shorten the billing/payment cycle.
Chianelli Estimating
AUGUST 6, 2020
The tendency to adjust their bid estimating will inadvertently produce many business failures. General Condition costs along with indirect costs tend to be much smaller but they are still a reality of doing business and a real profit killer; particularly when not accounted for. Insurances; Workers compensation, General Liability, Risk.
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Job Order Contracting
SEPTEMBER 29, 2017
(a) “Adjustment factor” / “coefficient+ – job order contractor’s competitively bid adjustment to the organizations prices as published in the current unit price book. f) “Job order contractor” – a licensed, bonded, and general liability insured contractor awarded a job order contract. (g)
NH Construction Law
FEBRUARY 27, 2021
Contractor shall not be entitled to receive payment for any lost profits. Desperate for the work it had lined up and could not replace, the sub did bid against itself, but ultimately a lower-priced painter was hired anyway. In Hate to Paint , lost profits after termination for convenience were specifically excluded.
Contractor Bookkeeping
JUNE 18, 2012
Business Owners - Need three basic reports, Cash, Profit and Equity. Profit And Loss Report. Sales - Expenses) = Profit. Assets - Liabilities) = Equity. Expenses - Overhead required to maintain business operations. The bookkeeper generates a report showing $5,000 profit when in reality it was a ($15,000) loss!
Contractor Bookkeeping
MAY 17, 2013
Business Owners - Need three basic reports, Cash, Profit and Equity. Profit And Loss Report. Sales - Expenses) = Profit. Assets - Liabilities) = Equity. Expenses - Overhead required to maintain business operations. The bookkeeper generates a report showing $5,000 profit when in reality it was a ($15,000) loss!
Contractor Bookkeeping
SEPTEMBER 5, 2012
Maybe you began your company with a few friends and relatives and thought your overhead expenses would be low since you worked out of your home. As Time Went By - You made a decent living for yourself, hired a few employees, paid your suppliers and you earned a profit. At least that is what your tax preparer said.
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