The Dotted Line: Why the Amazon noose lawsuit is ‘a big deal’
Construction Dive
OCTOBER 31, 2023
Construction attorneys say the litigation to hold an owner and its contractors accountable for jobsite hate symbols could have broader implications.
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Construction Dive
OCTOBER 31, 2023
Construction attorneys say the litigation to hold an owner and its contractors accountable for jobsite hate symbols could have broader implications.
Levelset
FEBRUARY 11, 2022
The Chart of Accounts is the heart of every contractor’s accounting system , whether you’re using QuickBooks or any other construction accounting software. In this article, we’ll explain how a contractor’s Chart of Accounts should be set up in QuickBooks , with a free customizable template for construction. .
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Levelset
FEBRUARY 11, 2022
The construction industry runs on credit. As a result, every construction business records transactions to Accounts Receivable (A/R) until they actually receive payment. Construction companies in particular need to pay close attention to their A/R balances and review them regularly. Setting up Accounts Receivable in QB.
ENR Construction
JUNE 3, 2022
The global professional services firm says the deal advances its strategy for environmental consultjng services to account for one-third of its global annual net revenue by 2024.
BD+C
JANUARY 30, 2020
The US construction & real estate industry saw a drop of 30.4% in overall deal activity during December 2019, when compared with the last 12-month average, according to GlobalData’s deals database. A total of 48 deals worth $505.11m were announced in December 2019, compared to the 12-month average of 69 deals.
Construction Business Owner
MAY 30, 2023
CDT As a result of economic and cultural trends, construction organizations today are increasingly relying on technologies that increase efficiency — especially in accounting departments. Promote to rotator No Rotator Image Status of webinar Featured Thu, 06/22/2023 - 12:00 1 p.m.
Contractor Bookkeeping
DECEMBER 20, 2019
Although most construction company owners recognize the importance of careful financial management, few want to spend their time dealing with numbers. Avoid this pitfall by using a separate credit card and bank account for business, and being disciplined about separating expenditures.
Job Order Contracting
AUGUST 29, 2023
Certifications, traditional formal education, and professional training related to facilities life-cycle management and AECOO practices and practices have done little to address “Understanding and dealing with the concept of value.” ” Virtually every other industrial sector has a grasp of the concept of value.
Lets Build
MAY 11, 2022
Most construction companies, project managers , and contractors will deal with preliminaries in their construction contracts. These preliminaries, also called prelims, cover costs for an entire construction project—not for specific work sections or activities. What do preliminaries in construction mean?
Contractor Bookkeeping
NOVEMBER 10, 2023
Finding some certainty can make all the difference in the unpredictable construction business world. Although they often deal with the same data, their applications differ. Budget vs. Cash Flow: the crucial distinction A common misconception is that a budget and cash flow are interchangeable.
Construction Business Owner
FEBRUARY 2, 2022
Real Construction Companies Partner With Tenna to Improve Their Business. Learn what helped LEM Construction and Ernest Guigli & Sons. LEM CONSTRUCTION – HOUSTON, TEXAS. LEM Construction is a general contractor in Houston, Texas, in business for over 50 years. Greg Ragsdale. Wed, 02/02/2022 - 15:53. Insights from Mike H.,
Contractor Bookkeeping
JULY 24, 2020
Every business must deal with a variety of customers and clients. But there are certain types of customers who do more harm than good to your construction business - they drain your resources while adding little to your revenue. Some customers are demanding, while clients only call when they wish to hire you right away.
Contractor Bookkeeping
NOVEMBER 20, 2020
All construction contractors have experienced bad debt's financial pain, which is defined as a customer who refuses to pay no matter what you do. Owning and operating any business, including accounting, means sometimes you provide goods and services and not get paid.
Construction Marketing
JUNE 24, 2021
President Joe Biden’s USD$2 trillion housing and infrastructure agenda have been met with mixed reactions from the construction industry. Increasing costs and falling demand for new construction projects have been putting contractors on the back foot. . Waste is nothing less of a hot topic in the construction industry.
Lets Build
JUNE 3, 2022
If you’re looking for where to find commercial construction leads, you’re in the right place. We’ll provide you with the resources you need to take a more active approach to grow your construction business and get consistent leads. The best places to find commercial construction project leads.
Contractor Bookkeeping
MAY 17, 2019
The calls, emails, messages, and walk-ins that our company deal with every day come from construction contractors, spouses or significant other, construction bookkeepers, advisors, students, and financial planners among others. The pressures of running a construction company are tremendous.
Contractor Bookkeeping
NOVEMBER 11, 2022
Folks accustomed to getting things done quickly and efficiently do not mind paying professionals for servicing, repairing, remodeling, or building new construction projects related to their houses and commercial buildings. You won't need to spend much time, money, and energy convincing them to continue hiring you.
Construction Enquirer
JUNE 6, 2023
Warrington based Lane End Developments Construction Ltd owed nearly £12m to suppliers and subcontractors when it went into administration in April. “The joint administrators will carry out investigations to identify any potential claims which may be brought against parties either connected to or who have past dealings with the company.
Contractor Bookkeeping
FEBRUARY 7, 2020
We are always looking for ways construction contractors like you save time and money. Without a doubt, having someone to help deal with routine tasks can significantly improve productivity. These tips will help you make a noticeable difference to your bottom line. Reduce staff costs.
Contractor Bookkeeping
JANUARY 27, 2023
Inflation has ballooned worldwide in recent months, and there's no question that small construction businesses are feeling the pinch. If you're at the bottom of the pack price-wise, they're likely to skip over you to get a good deal. Supplies cost more, employees are hard to find, and your profits are shrinking.
Construction Marketing
JULY 16, 2021
Material handling and storage efficiency are especially critical in the construction industry. If you’re running a construction business, you’ll need to learn how to properly store and manage different materials on construction sites. Here are some safety tips to consider in handling and storing construction materials: 1.
Contractor Bookkeeping
JANUARY 20, 2023
Freelancers in all industries deal with the same problems due to the nature of their work. Most of you came from the skilled craftsman trades; some worked as construction company managers and have now started or thought of starting your business.
Contractor Bookkeeping
JULY 30, 2014
Builder Accounting begins with a proper QuickBooks setup For Spec Home Builders. Understand to get good, usable information out of any accounting system that they need to be an active participant and code the paperwork. Accountants do not have a crystal ball and or a magic wand…It Is True – Garbage In = Garbage Out.
Construction Equipment
DECEMBER 17, 2013
With a vote of 6-1, the Austin City Council approved a possible 56-year deal to share its property tax revenue with the Lone Star Rail District in hopes of building a commuter line between Georgetown and San Antonio, Texas.
Construction Business Owner
JUNE 19, 2016
In today's world, the emerging construction financial manager (ECFM) faces many challenges. Internally, he/she may go from working with his/her immediate accounting team to dealing with the company's ownership or executive management team.
Contractor Bookkeeping
JULY 16, 2021
The construction manager is conditioned to avoid emergencies by being proactive. It is necessary to have systems in place to deal with emergencies when they arise. However, when you run a construction business with field workers, things can get a lot more challenging.
Viewpoint Construction Technology
SEPTEMBER 11, 2018
This lack of effective communication and collaboration can be the downfall of a business, especially in the construction industry, where tight deadlines and razor-thin profit margins rule the day. But these processes could be sowing division, especially when you look at how you hold people accountable within them.
Lets Build
MAY 11, 2020
According to Gartner’s recent business continuity survey, only 12% of organisations are highly prepared to deal with the novel coronavirus. The study points out that even if companies have policies in place to deal with such risks, they are not activated until it is too late. Part of the work will be done remotely.
Contractor Bookkeeping
NOVEMBER 12, 2021
Construction business owners already have a time-consuming and challenging job running their business. They often feel the need to be onsite whenever the company is open to deal with unanticipated issues, help the staff out, and ensure all tasks are completed. For those with a seven-day-a-week business, there's even less time off.
Contractor Bookkeeping
OCTOBER 13, 2012
Dear Construction Company Owner, Thanks for visiting today. Construction Accounting is different than general accounting. Since August of 2011 Randal has been writing a blog at under Fast Easy Accounting. We know what to do with the paper, the electronic documents and how to turn it all into usable information.
Viewpoint Construction Technology
APRIL 30, 2019
New construction technologies to attract younger workers, a push toward green building and the good and bad news in safety — these highlight some of the top stories in April. Joysticks and Simulations: The New Construction Recruiting Tools. Joysticks and Simulations: The New Construction Recruiting Tools.
Contractor Bookkeeping
MAY 1, 2020
Dealing with unexpected cash-flow difficulties, even if you're working hard to avoid shortfalls, is hugely distracting. If you're starting a construction business, it could simply be taking longer than expected to turn a profit in these trying times.
Viewpoint Construction Technology
MARCH 19, 2019
The one constant on any construction project is change. Paper has been the traditional format for plans, specs and drawings in construction. Dealing with paper plans and drawings in the field can be a hassle. As contractors digitize the days of paperwork nightmares like these can be a thing of the past. The Problem with Paper.
Viewpoint Construction Technology
APRIL 17, 2018
Contractors today deal with challenging projects, often with multiple performance obligations. The new GAAP revenue recognition standards developed by the Financial Accounting Standards Board are here, and these standards are designed with complex projects in mind. Here are some of the important steps: . Identify the Contract.
Federal Construction Contracting Blog
JANUARY 26, 2024
In Steiner Construction Co., the Government Accountability Office (GAO) upheld the U.S. Coast Guard’s (USCG) award of a $1.19 billion small business set-aside shipbuilding contract to a business concern that was later determined to be other than a small business.
Viewpoint Construction Technology
AUGUST 15, 2018
Within the construction industry, we’ve seen first-hand the approach leading organisations have embarked upon; acknowledging the importance of implementing software technologies as a replacement to manual procedures with the purpose of improving competitiveness through improved business processes, employee productivity and efficiency.
Autodesk Construction Cloud
APRIL 24, 2023
While incredibly rewarding, the construction industry is a challenging sector to work in for cost-focused business and project executives. Bank failures, rising interest rates, high material prices, and labor crunches are all making it more challenging for construction companies to protect, let alone, improve their margins.
Viewpoint Construction Technology
JULY 5, 2017
More than 40 percent of heat-related worker deaths occur in the construction industry. The heat index takes both temperature and humidity into account, measuring how hot it really feels. Account for acclimation. Regardless of physical condition, age, and tolerance, heat illnesses can affect anyone.
Construction Enquirer
JUNE 13, 2023
Two men who kidnapped and robbed two construction workers after luring them to a remote location and forcing them to hand over £77,000 have been jailed. In mid-June 2021, the victims – who work for a London-based construction company – were contacted by someone claiming to be “Lee Kennedy”.
Viewpoint Construction Technology
JULY 27, 2017
Planning for construction costs can mean the difference between making a decent profit and barely breaking even. When you’re dealing with jobs that are in the six, seven, and even eight figure budgets, project management can become very complex with many variables to account for. Design effectively. Invest in technology.
Autodesk Construction Cloud
SEPTEMBER 19, 2022
And How to Avoid Construction Errors and Mistakes Altogether. When it comes to large construction projects, the last thing a contractor wants to deal with is a costly mistake that will cause them to absorb the repair costs into their budgets. Construction mistakes happen, but they can get costly–and fast. In the D.C.
Construction Business Owner
OCTOBER 12, 2011
ACCOUNTING |. Accounting & Finance. Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. The point is that when dealing with a service or purchasing software, it’s important to have a Support department you can rely on. STRATEGY |.
Pro Builder
MAY 17, 2022
4 Construction Management Practices to Improve Your Project. Want a smooth-running construction project? When managing a construction project, there are many areas you must consider. At every stage, you need to take into account the viewpoints of those on the jobsite and those funding the project. Sara Sparrow.
Construction Business Owner
JUNE 19, 2016
In today's world, the emerging construction financial manager (ECFM) faces many challenges. Internally, he/she may go from working with his/her immediate accounting team to dealing with the company's ownership or executive management team.
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