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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
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Unlocking the Value of Temporary Housing: A Comprehensive Guide

Contractor Connection

This not only preserves additional living expense limits but also ensures transparent pricing through a competitive bid process. By becoming trusted partners for insurance carriers, temporary housing companies can ensure a steady flow of business and secure a reliable income source. This means more business and growth potential.

Housing 40
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Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

And that seemed to strike a chord with some of you, so I figured I’d talk more about government jobs, and what you need to be prepared to bid on them. This agreement ensures that a contractor will perform all of the duties they agreed to in the bid they placed, abiding by the terms of that government-sanctioned project. Recent Posts.

Cash Flow 168
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Contractor Bookkeeping Vs. Regular Bookkeeping

Contractor Bookkeeping

Assets - Liabilities) = Equity. Breakeven - Is fairly easy to calculate because there is a direct relationship between income and expenses on every item. The Inevitable Result Is - The contractor makes bad decisions on what to bid and not to bid on and eventually runs out of time and money. Cash On Hand.

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Contractor Accounting Vs. Regular Accounting

Contractor Bookkeeping

Assets - Liabilities) = Equity. Breakeven - Is fairly easy to calculate because there is a direct relationship between income and expenses on every item. The Inevitable Result Is - The contractor makes bad decisions on what to bid and not to bid on and eventually runs out of time and money. Cash On Hand.

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Construction Bookkeeping Unique Features

Contractor Bookkeeping

Assets - Liabilities) = Equity. -. Breakeven - Is fairly easy to calculate because there is a direct relationship between income and expenses on every item. Chart of Accounts Insurance Liability. Chart of Accounts Insurance Liability. Chart of Accounts Payroll Tax Liabilities. Cash On Hand. Profit And Loss Report.

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10 Contract Terms for Higher Profitability

PSMJ Resources

Most clients are demanding more work for lower fees, and firms that do not reexamine the terms of their contracts usually find themselves without enough income to break even, let alone make a profit. With an uncertain economic climate, the emphasis on solid contract terms is increasingly vital to a firm''s financial success.