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McAleer & Rushe set for record year after 2022 profit fall

Construction Enquirer

McAleer & Rushe is set for a record year having secured new contracts worth £440m in the first six months of 2023 in Greater London, the Midlands and Scotland. The bounce back follows a disappointing performance in 2022 that saw pre-tax profit fall 19% to £12m from revenue flat at £404m, according to newly-published accounts.

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Creating a JOC Coefficient?

Job Order Contracting

General / Prime Contractor Profit and risk. Social security contributions. Adjustment factors to account for small jobs. Subcontractor costs. Subcontractor mark-ups. General / Prime Contractor Overhead. Payment Bond premium(s) (please note that Payment Bonds are required for task order. projects valued over $35K; 9. Submittals.

Insurance 233
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Former staff at collapsed groundworks firm win payout

Construction Enquirer

Their case was taken up by legal specialist Nualaw who secured a protective award after an employment tribunal accepted Ellicon failed to consult on the redundancies as it went into administration. Latest accounts filed at Companies House for the year to May 31 2020 show Ellicon had a turnover of £10.6m

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‘Mature’ talks with clients help McGee minimise risks

Construction Enquirer

“Mature discussions” with clients about material price rises enabled specialist engineering contractor McGee to protect its profits despite rampant inflation. Latest results for the firm for the year to November 30 2022 show pre-tax profits steady at £6.1m from £6m last time despite a dip in turnover to £83.3m for £92.2m.

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Monitoring Your Financial Position to Succeed in the Construction Industry

Viewpoint Construction Technology

In fact, there are numerous examples which show that irrespective of the hard work and precision which is put into place for each and every project, failure to pair this with an effective construction accounting and expense control strategy which drives back-end decision making, can be the difference between success and failure.

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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities . Accounts Receivable Turnover . Accounts Receivable Turnover is an activity ratio that measures how efficiently a firm uses its assets. Formula: Revenue / Accounts Receivable . Gross Profit Margin .

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Unique Bookkeeper Errors Reduce Contractor Profits

Contractor Bookkeeping

The banker said his Profit & Loss, Balance Sheet did not look right to him. His banker was a blunt and told him that if he wanted to stay in the construction business he needed to have accurate Profit & Loss, Balance Sheet and Job Costing Reports. QuickBooks Job Profitability Reports. He had to rely on his gut feeling.