Remove Cash Flow Remove Drawings Remove Lien Remove Profitability
article thumbnail

Process Dependent Vs. People Dependent Increases Contractor's Profits

Contractor Bookkeeping

In ancient Greece, Socrates argued that education was about drawing out what was already within the student. "I Cash flow issues kill contractors even though they have profit. Sales tax liens against contractors twenty two times higher than any other business. Poor scheduling affects production and cash flow.

article thumbnail

Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

There are a number of people who pass out advice on how to start a profitable construction company; however, very few have actually done it and fewer still had a clear understanding of where they were making or losing money and fewer yet have ever gotten past the point of owning a J.O.B. . #2 If You Know Exactly What To Do.

professionals

Sign Up for our Newsletter

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

article thumbnail

Construction Company Failure Root Causes

Contractor Bookkeeping

In ancient Greece, Socrates argued that education was about drawing out what was already within the student. "I Cash flow issues kill contractors even though they have profit. Sales tax liens against contractors twenty two times higher than any other business. Poor scheduling affects production and cash flow.

article thumbnail

How a Construction-to-Permanent Loan Impacts Contractors & Lenders

Levelset

The lender’s responsibility is to ensure: The construction loan is always in good standing The money that hasn’t been spent is still enough to finish the upgrades Draw disbursements are only released for work that has been completed. Learn more: The construction loan draw process explained. Failing to protect lien rights.

article thumbnail

7 Steps to Successful Project Closeout

Autodesk Construction Cloud

As the days pass and your project draws to a close, you’re ready to chalk this one up as a success and prepare for your next challenge. The final days of a project have a huge impact on your overall profitability and success—as the saying goes, projects are remembered not by how they start but how they finish. Not so fast.

article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

NON-PROFIT INCENTIVES: Provides an incentive payment (payroll rebate) equal to 4 percent of the payroll of the new, full-time, permanent employees for a period of up to five years. In addition, the non-profit organization must receive 75 percent of its income from out-of-state sources. Grants are also available to qualified, early?stage

Income 75