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.

Cash Flow 52

Cash Flow Budgeting Budget Forecasting 52

Levelset

APRIL 28, 2022

Subcontractor default insurance is one alternative to a surety bond that works to protect a contractor from the financial burden when one of their subcontractors defaults. Related: 16 types of insurance coverage for contractors. What is subcontractor default insurance? How SubGuard insurance works.

Insurance 52

Insurance Contractors Claims ABC 52

Levelset

AUGUST 17, 2022

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. These teams find a way to get the work done faster than estimated, leading to additional profit. The direct labor cost is $75,000.

Profitability 52

Profitability Lien Overhead Cash Flow 52

Levelset

AUGUST 16, 2022

The surety is also likely to explore a contractor’s payment history on past projects — an inability to make on-time payments to subcontractors and suppliers can increase the risk of mechanics liens or bond claims. . Get materials now, keep your cash. It is also helpful to provide the surety with a cash flow projection for the project.

Risk 52

Risk Cash Flow Construction Banking 52

Contractor Bookkeeping

JUNE 20, 2014

Insurance - Is critical to your construction company. General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. Estimating Process - There is no one right answer. Or The Hard Way.

Insurance 48

Insurance Construction Accounting Claims 48

Contractor Bookkeeping

JUNE 15, 2012

Insurance - Is critical to your construction company. General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. Estimating Process - There is no one right answer.

Contractors 48

Contractors Insurance Claims Lien 48

Contractor Bookkeeping

MARCH 9, 2013

Sending the Notice to Owner of Intent To Lien to protect my financial interests. Following up to be sure a written estimate has been sent to every customer. Process payroll and include reimbursements, health insurance, loans and garnishments. Maintain the petty cash journal. The Top Twelve Things We Hear Most Often.

Contractors 48

Contractors Cash Flow Banking Change Orders 48