article thumbnail

Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

Extracting key ratios from financial statements and safety metrics from OSHA filings allows builders to gauge a subcontractor’s short-term and long-term health — and empower estimators with the data they need to make more informed bidding decisions. . Formula: Current Assets / Liabilities . Formula: Total Liabilities / Total Assets

Safety 94
article thumbnail

Types of Capital for Construction Businesses

Levelset

Working capital measures the difference between a construction company’s current assets and current liabilities. 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.

Debt 97
professionals

Sign Up for our Newsletter

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

article thumbnail

Zoomlion Continues to Court Terex

Construction Equipment

Zoomlion is a limited liability heavy equipment manufacturer that is owned in part by the People's Republic of China. The company made an unsolicited bid to acquire Terex December 4, 2015, offering $30 per share. The Financial Times reports that Zoomlion has secured financing for the transaction.

article thumbnail

What Is a Certificate of Insurance (COI) for Contractors — and When Do You Need One?

Levelset

If you’re bidding on contract work, you will likely need a COI per terms of a legal agreement. Aside from owners and GCs, a government entity may want to see proof of liability insurance. This party may want a COI to ensure they are protected from liability in the event of a product-related injury or accident.

article thumbnail

For Louisiana Contractors Bidding on Public Works Projects: This Case is for You

Construction Law Monitor

For all you Louisiana public works contractors out there bidding for public works projects to expand your private business or bidding for public works projects because that’s what you’ve always done – whatever the case may be – the 4th Circuit Court of Appeals is on your side. delayed financing], this fact shall be mentioned.”

article thumbnail

Alternative Construction Delivery Methods

Job Order Contracting

Alternative Construction Delivery Methods provide significant benefits to traditional Design/Bid/Build, and are the first step toward change management and improved construction outcomes. CMAR inovlves contractors is in the design process, but without design liability intended. Top 5 Alternative Construction Delivery Methods.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. ” » The Expensive Process of Bidding. Without spending money bidding projects, you can’t get jobs to make money building them. With more people bidding on fewer jobs, the market is much more competitive. Reduce Bidding Costs. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |.

Bidding 149