article thumbnail

Navigating Construction Cash Flow Challenges, Myths, And Facts

Contractor Bookkeeping

The driving force keeps your business engine running smoothly, covering all your liabilities. However, careful planning and smart accounting practices can cushion or even avoid these financial blows. In the world of small businesses, positive cash flow is king. But what happens when outflow exceeds inflow?

Cash Flow 104
article thumbnail

Public Procurement of Construction Services

Job Order Contracting

Journal of Construction Engineering and Management Kim, Y., Without out this, the vast majority of projects, approximately eighty percent or more (80%+) will continue to fail by being late, over budget, or viewed as not being satisfactorily completed by one or more parties. References: AIA (2007). and Becerik-Gerber B. and Dossick, C.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The role of Site Engineer & Project Engineer in a construction project

Construction Cost Estimating

Site engineers and project engineers frequently work in tandem on a job performing various things. Both play important role for major projects with equally significant liabilities. Site engineers have sound technical skills which can be applied for specific engineering aspects of the project.

article thumbnail

Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities . Like the Quick Ratio, Current Ratio measures a company’s ability to pay off its short-term liabilities with its current assets. Formula: Current Assets / Liabilities . Accounts Receivable Turnover .

Safety 94
article thumbnail

Xero Accounting Online Setup Errors Fixed Fast And Easy!

Contractor Bookkeeping

Did You Have Trouble Setting Up Xero Accounting Online? You are not alone, it is an accounting program built to satisfy the needs of accountants with an attempt to make it easy for non-accountants. Xero Accounting Online Setup is not as complicated as QuickBooks setup projects. Set up your Chart of Accounts.

article thumbnail

Bookkeeper Vs. Accountant Vs. C.P.A. For Your Construction Company

Contractor Bookkeeping

Each Branch Of Accounting serves a different function similar to how it works in construction. Three Accounting Skillsets = Three Types Of People. Bookkeepers are the lowest paid and the least skilled accounting specialist. Accountants are the next highest paid accounting specialist. Most C.P.A. Most C.P.A.

article thumbnail

Unlimited liability for designers and contractors

Construction Lawyer

He is a partner in the law firm of Sabo & Zahn, concentrating in construction law and representing owners, contractors, architects, developers, engineers and other parties in the construction process. Sabo & Zahn LLC is an Illinois Limited Liability Company. Unlimited liability for designers and contractors. Copyright Notice.