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Service Agreements Can Improve Contractors Cash Flow And Profits

Contractor Bookkeeping

Service agreement holders are more likely to be clients that add more value to your construction company because they represent the most loyal segment of your customer base. In the meantime, service agreement customers are a source of cash flow and are predetermined to call you instead of your competition when repairs are necessary.

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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

For one thing, circumstances can change quickly in today’s uncertain construction industry. Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities . Formula: Current Assets / Liabilities . Days of Cash on Hand . Debt (Less Cash) to Equity .

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Construction Business Owner Blogs

Construction Business Owner

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Construction Business Owner Attends APWA 2011 Congress » Section 179, and what YOU need to know about it. Is There No Free Lunch or Construction Software? INSURANCE |.

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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

Construction projects rely on contractors completing the work they started and meeting the design intent. The rate of retention is stipulated in the construction contract and can often be negotiated. Both retention accounts are shown as current assets and current liabilities, respectively. According to Steven J. Fariba Mehdian.

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A Plumbing Contractor’s Guide to Insurance Coverage

Levelset

In this respect, general liability insurance or workers’ compensation could help cover those costs if an incident should occur. . Construction zones are busy areas where workers can get hurt. Liability for damage. Even small disputes in the construction industry can have a negative impact on time and cash flow.

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Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Other common reports bonding agents will look at include income statements, balance sheets, statements of cash flow, and job specific invoice aging reports. construction.

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We Reduce Construction Company Start Up Stress

Contractor Bookkeeping

We Are QuickBooks Experts Specializing In Construction. Did You Quit Your Job - And start your own construction company only to discover you need a contractor’s license and bond. Did You Ask A Friend Or Relative - To loan you some start-up capital and they agreed on condition you become equal partners in your construction company.