Contractor Bookkeeping
OCTOBER 6, 2023
Think of all the times: You loaned money to a friend or relative Provided labor and materials for somebody's home or business without a deposit check Did change order work that you never got paid for doing and never will Gave a subcontractor/employee an advance on their paycheck, and you never got paid back Multiply that by 100,000, and you will understand (..)
Constructonomics
NOVEMBER 28, 2010
It’s hard to describe how owners feel about change orders. Sometimes I think they would rather be forced to eat a bucket full of glass or perhaps permantly lose feeling in all extremities before accepting a change order that increases their project cost by.01%. Why is this? However, they do. . What should you do?
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Contractor Bookkeeping
OCTOBER 11, 2019
Contractors want money; banks want to lend money, what's the problem? Did change order work that you never got paid for doing and never will. Multiply that by 100,000, and you will begin to understand why banks seem so tight-fisted about loaning money. Think of all the times: You loaned money to a friend or relative.
Green Building Law Update
APRIL 4, 2021
Not to mention there is anecdotal evidence from the first LEED Zero projects that the required integrated process has reduced change orders by a magnitude of up to 90% resulting in dramatic reduced total construction costs. they appear to be paying the same mortgage interest rates as similar conventional buildings in those markets.
Contractor Bookkeeping
MAY 24, 2019
The larger your construction business grows, the more likely you could end up operating as a bank without the hundreds of ways to generate revenues from fee income and interest calculation that banks use. Likewise, larger firms can leverage economies of scale.
Contractor Bookkeeping
SEPTEMBER 27, 2013
You are a spec home builder in need of a construction draw and your bank or lender wants to see your latest financial reports and this time they want all of the current houses you are working on to be reflected in QuickBooks correctly as Work-In-Process (W.I.P.) We have a FREE change order form you can download here.
Construction Business Owner
OCTOBER 14, 2011
Some Advice on Change Orders » A Change (Order) for the Better? When clients ask me about change orders, I’m reminded of a well-circulated photo. The yacht is named “Change Order.” Discussion about change order difficulties tends to be one of two types.
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