Levelset
AUGUST 4, 2022
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. Let’s take a look at the basics of cash flow and how architects can budget their expenses and forecast their income to stay in good financial standing. Cash flow basics.
Levelset
JUNE 3, 2022
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.
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Levelset
OCTOBER 14, 2022
Plumbing contractors should include business insurance as an integral part of their financial strategy. With numerous policies available, the plumbing contractor’s insurance landscape offers many ways for you to protect your physical and financial business assets. What is plumber’s insurance? Worker injury.
Levelset
SEPTEMBER 2, 2022
Errors and omissions (E&O) insurance covers contractors against financial loss resulting from mistakes, errors, or claims of negligence. While general liability insurance covers against claims related to injury or property damage, errors and omissions insurance protects from lawsuits related to financial loss.
Construction Business Owner
JANUARY 30, 2011
INSURANCE |. » Relationship between the designer and the contractor. One part of our industry that I simply cannot get my head around is the oftentimes adversarial relationship that exists between the building design professionals and the building contractors on a particular job. STRATEGY |. MANAGEMENT |. ACCOUNTING |.
Levelset
AUGUST 17, 2022
For architects and other design firms, the break-even point is ideally expressed as an hourly rate to help guide you when you’re setting your billing rates. Let’s say the total cost of all business expenses is $150,000 (including salary, benefits, licenses, rent, insurance, etc.). Related: An architecture firm’s guide to cash flow.
Autodesk Construction Cloud
SEPTEMBER 1, 2022
design and build contract. They also include overhead costs such as insurance, mileage, a portion of your office rent. Design-Build Contract. Traditionally, owners receive completed designs before taking in construction bids. But the design-build contract does things differently. guaranteed maximum price contract.
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