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A Cash Flow Guide for Architects

Levelset

You’re providing a service to your customers, but your contracts are often lump-sum , and billings are often determined by the percentage of completion. However, like any other business, you need to maintain positive cash flow or you may find yourself unable to pay your workers and other expenses. Cash flow basics.

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What is Project Loss Insurance?

Levelset

When a loss occurs, it can put a real crunch on a contractor’s cash flow. Project loss insurance has the potential to save contractors from devastating project losses, no matter the cause. Project loss insurance, or PLI, is designed to mitigate catastrophic construction project losses. Project loss insurance coverage.

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Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

INSURANCE |. In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. Other common reports bonding agents will look at include income statements, balance sheets, statements of cash flow, and job specific invoice aging reports. STRATEGY |.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. This week, I’m pleased to welcome David DeVita, a safety expert with 20 years of experience, from Carolina Safety Consultants. A Safety Consultant’s Opinion: After having worked in the safety industry for over 21 years, 14 of which were with 2 major insurance companies. STRATEGY |. MANAGEMENT |.

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10 Contract Terms for Higher Profitability

PSMJ Resources

With an uncertain economic climate, the emphasis on solid contract terms is increasingly vital to a firm''s financial success. 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.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. I highly recommend that any contractor considering such an investment first consult with their CPA or tax specialist to discuss how Section 179 applies to their unique situation. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. David is a construction safety expert for Carolina Safety Consultants with over 20 years of experience. Fewer accidents also mean lower insurance premiums, which mean lower labor costs. Tags: Carolina Safety Consultants , construction safety , job cost savings. STRATEGY |. MANAGEMENT |. ACCOUNTING |.