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3 Keys for Contractors to Navigate New Revenue Recognition Standards

Viewpoint Construction Technology

Revenue recognition standards were recently updated by the Financial Accounting Standards Board , and these updates will have an impact in the construction industry. Nonpublic entities must begin doing so in 2019. Understand the Effect on Construction Accounting. So where should contractors start?

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ESG Disclosure Simplification Act Passes Committee But Will Fail

Green Building Law Update

On September 20, 2019, the Financial Services Committee in the U.S. 4329, the ESG Disclosure Simplification Act of 2019. real estate company very publicly announced its principal ESG “environmental initiative” banning meat from its offices and expense accounts. House of Representatives passed H.R. The failure of H.R.4329,

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Making Sense of the Construction Tax Landscape

Viewpoint Construction Technology

One of the biggest challenges that contractors’ finance and accounting departments face is keeping up with all of the ever-changing tax regulations, incentives and procedures. Manage the company’s cash effectively to account for future downturns. A Tax Review. In the kickoff event, held Feb. 5 in San Francisco.

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Home Building by the Numbers

Pro Builder

In 2019, for example, the average profitability among the builders surveyed rose to 9.59% of revenue, up from 8.71% in 2018—the best performance since 2006, before the crash (see chart 1). Shinn’s analysis attributed the boost in 2019 to reductions in costs of sales and operations, while financing expenses were at all-time lows.

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Army Job Order Contracts FAIL to meet AFARS requirements MOST OF THE TIME

Job Order Contracting

This practice does not work for material, labor, equipment, nor does it account for local market productivity in any effective manner. Locally researched JOC Price Books are readily available to provide cost visibility, cost transparency, and therefore improve cost management. Why is the Army using archaic and inefficient practices?

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Streamlining processes and maximizing efficiency in project management

Fieldwire

As a project manager, it’s up to you to execute the plans and ensure everything runs smoothly. Project management software Successful project management starts with project management software. A tool like Fieldwire makes project management easier by centralizing communication on a single platform.

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Business Facilities’ 15th Annual Rankings: State Rankings Report

Business Facilities

From the July/August 2019 Issue. Using a formula that takes into account the new tax revenues generated by the 1,612 new jobs, the JDIG agreement authorizes the potential reimbursement to the company of up to $54 million paid over 12 years. By Business Facilities Staff. The competition is the show: there must be winners and losers.