Remove Cash Flow Remove Contractors Remove Liability Remove Safety
article thumbnail

Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

Evaluating a subcontractor’s health before awarding work has become more important than ever for general contractors. Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities . Formula: Current Assets / Liabilities . Days of Cash on Hand . Current Ratio .

Safety 94
article thumbnail

Construction quality management: Everything you need to know

Lets Build

It requires written standards that can be referred to at any time by employees, sub-contractors, and clients alike. If a sub-contractor tried to pass off second-rate bricks, or if lines of communication with the client temporarily broke down, lessons can be learned for future instances. Maintaining standards at every stage.

professionals

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Construction Safety. Data Security in the Cloud » Collaborating on Cash flow. The topic of cash flow never seems to get old – after all, sustained negative cash flow often results in slashing budgets, personnel, and in the worst cases shutting down of a company. MANAGEMENT |. ACCOUNTING |.

Cash Flow 120
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Construction Safety. Committing Intentional Project Communications » Public Exposure and Liability on Construction Sites. This week, I’m pleased to welcome David DeVita, a safety expert with 20 years of experience, from Carolina Safety Consultants. The contractor doing the work was working for the city at the time.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Construction Safety. While there are numerous reasons to change software applications, there are two that regularly come up in our discussions with prospective clients: cash flow control and project cost control. Back to Cash Flow. Public Exposure and Liability on Construction Sites. MANAGEMENT |.

Cash Flow 120
article thumbnail

Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

Construction Safety. Many State and Federal projects require a contractor to be bonded. 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. This report illustrates how a contractor bills a client versus the work they have actually completed.

Cash Flow 169
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Construction Safety. One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs. construction safety.

Cash Flow 120