Construction Law

JANUARY 25, 2024

The Construction Leadership Council (CLC) has called on Chancellor of the Exchequer Jeremy Hunt to include a range of policy measures in his Spring 2024 budget, including using some form of Private Finance Initiative type of funding. See the panel to the right.

Finance 52

Finance Infrastructure Accounting News 52

Learn Civil Engineering

APRIL 1, 2023

Accounting plays a vital role in today’s business world as it’s the language of business. Accounting is crucial for businesses of all sizes and types. It helps businesses make informed decisions, manage finances, and comply […] It helps businesses make informed decisions, manage finances, and comply […]

Accounting 52

Accounting Finance Management Risk 52

Construction Equipment

MARCH 5, 2021

Miller Formless has hired Jeff Duchrow as its vice president of finance and administration. Duchrow will utilize his 15+ years of expertise in corporate finance to oversee the company’s accounting, finance, and administrative functions. Duchrow began his career in finance in 2005 as an accountant…

Finance 62

Finance Accounting 62

Levelset

JUNE 6, 2022

In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. These holdbacks need to be accounted for by every party to a project: owner, general contractor, and subcontractor. Retention receivable and payable is different from accounts receivable and payable. View profile.

Accounting 98

Accounting ABC Banking Liability 98

Construction Business Owner

JULY 6, 2023

Join us for a candid conversation with Cindy Morton from Anchored Tiny Homes about how to control costs and increase visibility by leveraging technology to streamline your business' finances.

Construction 296

Construction Finance Accounting US 296

Construction Business Owner

DECEMBER 31, 2022

You can’t expect anyone to care about your finances as much as you do. Someone else can pay your bills, send out the invoices, prepare financial reports and do the accounting, but the owner must be responsible for knowing and monitoring the numbers every day, week and month.

Overhead 295

Overhead Profitability Finance Accounting 295

Construction Business Owner

AUGUST 12, 2022

Meeting the demands of quality accounts payable candidates to help grow your business. But what are accounts payable (AP) professionals looking for in their career? Accounts Payable. Status of webinar Upcoming. Thu, 09/29/2022 - 12:00. What is most valuable to them when evaluating job opportunities? Chris Elmore. AvidXchange.

Charlotte 295

Charlotte North Carolina Accounting Construction 295

Levelset

AUGUST 29, 2022

Even if you have enough cash today, financing your materials is a great solution to have in your back pocket for unexpected needs in the future. “We Now it is with Materials Financing.” – Joseph G., Materials Financing is a cash flow solution that allows you to get your materials now and then pay Levelset back when you get paid.

Finance 52

Finance Cash Flow Materials Banking 52

Construction Business Owner

JUNE 1, 2022

It is time for contractors to get serious about the new accounting lease standard. 02 ASC 842 Leases, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB). The prior accounting standard (ASC 840) only required capital leases to be included on the balance sheet. Accounting & Finance.

Leases 177

Leases FASB Accounting Finance 177

Construction Business Owner

MAY 25, 2022

Accounting & Finance. Check out this comprehensive catalog of resources showing how you can make the most of your client's budget and maintain design integrity. . In this article , Gordian experts discuss maximizing project budgets. . Promote to rotator No. Main Image. Sponsored by. Sponsor Link [link]. project budget. Engineering.

Budgeting 294

Budgeting Budget Engineering Resource 294

Pro Builder

JULY 28, 2022

Share of New Home Sales Financed Through FHA Loans Falls to 14-Year Low. Over the last four quarters, the share of new home sales financed with conventional loans has climbed by 4.3 The most recent Quarterly Sales by Price and Financing published by the U.S. were financed through conventional loans, a 1.8 Financing.

Finance 52

Finance NAHB Accounting Housing 52

Construction Business Owner

JUNE 19, 2016

Internally, he/she may go from working with his/her immediate accounting team to dealing with the company's ownership or executive management team. Consider for a moment his/her unique position in the number of different functional groups or teams that he/she interacts with on a daily basis.

Finance 192

Finance Deals Project Management Accounting 192

Construction Business Owner

AUGUST 24, 2021

Accounting & Finance. While it’s not always a quick fix to move back into standard surety eligibility, there are concrete steps you can take. This article will share five best practices for a return to the standard market. Click here to read the article. . Promote to rotator No. Main Image. Sponsored by. Section In the Office.

Finance 294

Finance Accounting Maine Concrete 294

Levelset

SEPTEMBER 30, 2022

With your back against the wall, dipping into your personal bank account may feel like an easy solution. But when you take into account how long it takes for specialty contractors to get paid, it gets risky quickly, especially if you’re just starting out. And when they are approved, they often don’t get the amount of funding they need.

Cash Flow 52

Cash Flow Banking Finance Bidding 52

Construction Business Owner

JUNE 19, 2016

Internally, he/she may go from working with his/her immediate accounting team to dealing with the company's ownership or executive management team. Consider for a moment his/her unique position in the number of different functional groups or teams that he/she interacts with on a daily basis.

Finance 120

Finance Deals Project Management Accounting 120

Construction Law

FEBRUARY 2, 2024

The delayed independent review into claims surrounding finances at the Teesworks development has found no evidence of corruption or illegality. To read more of this and every other news story on this site, please log in with your Construction Law membership account details. See the panel to the right.

Accounting 52

Accounting News Finance Claims 52

Construction Business Owner

FEBRUARY 14, 2023

You’ll learn how to: • Create a modern expense policy based on trust, not control • Use tech to increase adoption and simplify enforcement • Reduce out-of-policy spending and rogue expenses SPEAKERS Christian Barfuss Account Executive Divvy Christian Barfuss is a senior account executive and has been with Divvy for nearly five years.

Construction 156

Construction Accounting Finance Management 156

Construction Law

JANUARY 19, 2024

The new body representing Private Finance Initiative investors has recruited its first head, Labour peer Lord John Hutton. To read more of this and every other news story on this site, please log in with your Construction Law membership account details. See the panel to the right.

Accounting 52

Accounting News Finance Site 52

Contractor Bookkeeping

APRIL 14, 2023

As a small business owner, you're likely already aware of the importance of keeping your finances in order. It involves regularly checking your financial situation to ensure your accounts are in order, your records are up-to-date, and you're spending within your budget.

IRS 88

IRS Finance Income Budgeting 88

Construction Law

FEBRUARY 1, 2024

The Construction Leadership Council (CLC) has called on Chancellor of the Exchequer Jeremy Hunt to include a range of policy measures in his Spring 2024 budget, including using some form of Private Finance Initiative type of funding. See the panel to the right.

News 40

News Accounting Budgeting Budget 40

Construction Business Owner

JANUARY 22, 2018

Today, compact track loaders account for nearly 20 percent of all financed equipment in number of units, according to Equipment Data Associates (EDA). These durable, versatile and cost-effective loaders have continued their reign in the compact equipment industry because of their power and ability to extend working seasons.

Finance 180

Finance Equipment Accounting Industrial 180

Job Order Contracting

OCTOBER 17, 2023

For decades attention has failed to focus on the need for continuous, competent, and accountable leadership and the effects upon finances, reputations, relationships, communities, and overall organizational missions.

Project Management 206

Project Management Management Procurement Construction 206

Contractor Bookkeeping

JUNE 14, 2013

Project Management Construction Accounting Professionals (PMP) work above the line focused on generating positive outcomes and results for contractors: Increase Sales. Allowing a construction accounting firm to preparer your annual tax return is foolish because there is nobody to review the work. Reduces Expenses. Increase Net Income.

Accounting 48

Accounting Construction Income Contractors 48

Pro Builder

OCTOBER 31, 2022

The share of cash purchases has climbed steadily for each of the past three quarters to reach a 20-year high, while new home sales financed through FHA are falling. Conventional loans continued to dominate home financing in the third quarter, accounting for 77.6% Financing. Census Bureau. New-Home Sales.

Finance 52

Finance NAHB Accounting Estimating 52

Lets Build

JUNE 7, 2019

In a recent study of self-identified business owners, accountants, bookkeepers, estimators, and finance managers within the construction industry, 1. Whatever your reason for getting into the construction business, a love for job costing and puzzling out profitability likely wasn’t a contributing factor.

Estimating 130

Estimating Banking Finance Profitability 130

Pro Builder

FEBRUARY 21, 2023

Share of All-Cash Home Purchases Reaches 32-Year High ldeakins Tue, 02/21/2023 - 09:47 Homebuyers paid with cash in over 11% of all new home sales in the final quarter of 2022, the highest share since 1990 After climbing for each of the past four quarters and six of the last seven, all-cash home purchases accounted for 11.2% Census Bureau.

Finance 52

Finance NAHB Accounting Housing 52

Pro Builder

DECEMBER 28, 2021

Across most housing markets, loan limits for conforming loans acquired by Fannie Mae and Freddie Mac will increase from $548,250 to $647,200 in 2020, a $98,950 increase to account for changes in home prices. Housing Policy + Finance. Housing Policy + Finance. The conforming loan limit is set to rise 18.05 Financials.

Finance 95

Finance United States Housing Washington 95

Viewpoint Construction Technology

FEBRUARY 12, 2019

Here’s a list of key reports that you should be able to pull at any moment from your construction project management software: Basic Accounting Reports. At a bare minimum, you’ll need the following for your accounting function: profit and loss report, balance sheets, trial balance and trading summaries.

Cash Flow 130

Cash Flow Software Software Accounting 130

Viewpoint Construction Technology

JUNE 5, 2018

Revenue recognition standards were recently updated by the Financial Accounting Standards Board , and these updates will have an impact in the construction industry. Understand the Effect on Construction Accounting. As we’ve discussed, the changes will definitely affect contract accounting at your business.

Contractors 167

Contractors Accounting Contract Viewpoint 167

Contractor Bookkeeping

AUGUST 6, 2014

2 The financials tell the banker your bookkeeper doesn''t understand Construction Accounting. #3 4 You have no access to a construction accountant, not even for quarterly check-ups. #5 Bankers love chatting with accountants because we speak the same language. The Construction Specifications Institute (CSI).

Finance 48

Finance Accounting Construction Banking 48

Pro Builder

FEBRUARY 23, 2023

FHA-insured mortgages, which accounted for 7.5% According to the White House, more than 80% of FHA borrowers are first-time homeowners, and over 25% of the homebuyers are people of color; the program does not have a minimum income level to qualify, but debt levels and credit ratings are still taken into account.

Plans 52

Plans Insurance Income Debt 52

Pro Builder

DECEMBER 16, 2022

The Northeast accounted for the largest share of U.S. After accounting for 39.9% Other factors are clearly at play, and state and local government financing turns out to be a major one. Homeowners in These States Paid the Highest Property Taxes in 2021. Fri, 12/16/2022 - 09:37. of the total in 2021. Affordability. Financials.

Texas 96

Texas New Jersey Hawaii Alabama 96

Construction Business Owner

AUGUST 16, 2016

Every year, the conference provides attendees with varied educational sessions, technology solutions, networking opportunities and awareness about current trends in construction accounting and finance. For the first time in the history of the conference, total attendance exceeded 1,300.

CFMA 120

CFMA San Antonio Conference Education 120

Pro Builder

JUNE 14, 2023

household and accounts for more than one-third of the consumer price index (CPI) weighting, which gives housing an outsized influence on the overall direction of inflation data. Read more Market Data + Trends Economics Financing Market Data + Trends

Housing 98

Housing Finance Accounting 98

Construction Business Owner

AUGUST 4, 2016

Every year, the conference provides attendees with varied educational sessions, technology solutions, networking opportunities and awareness about current trends in construction accounting and finance. For the first time in the history of the conference, total attendance exceeded 1,300.

San Antonio 120

San Antonio Education CFMA Conference 120

Pro Builder

MAY 25, 2023

In December 2022, investors who typically rent out properties accounted for 8.2% Read more Financing Market Data + Trends Market Data + Trends But recent data suggest professional investors may be tapering off their home purchasing. of home purchases, down from the peak of 8.9%

Residential 98

Residential Finance Accounting Housing 98

Levelset

JULY 25, 2022

Businesses whose assets (like cash, accounts receivable, inventory, or materials) exceed the value of their liabilities (like wages, debts, vendor payments, or overhead costs) have working capital to use to maintain or grow. Working capital measures the difference between a construction company’s current assets and current liabilities.

Debt 97

Debt Cash Flow Equity Finance 97