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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

Days of Cash on Hand is the number of days that a company can continue to pay its operating expenses, given the amount of cash available and assuming there is no additional revenue. A high value indicates a strong cash position and ability to withstand cash flow constraints. . Formula: Net Income / Total Assets .

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A Plumbing Contractor’s Guide to Insurance Coverage

Levelset

Plumbing contractor’s insurance may help your business stay afloat if accidents or injuries occur on the job. Worker injury. If your business were found responsible for the injury, paying out of pocket for a worker’s medical bills could cause financial harm. . What is plumber’s insurance?

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New Contractor Business Start Up

Contractor Bookkeeping

Tax Advantages For LLC or a Sub S - The profit or loss from your business is passed through to the owners as normal income. Since the LLC or Sub S does not pay state or federal income tax (as separate business entities), you may be able to save money over a Sole Proprietorship; no double taxation. Get cash coming in early and often.

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Unique Tips To Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Tax Advantages For LLC or a Sub S - The profit or loss from your business is passed through to the owners as normal income. Since the LLC or Sub S does not pay state or federal income tax (as separate business entities), you may be able to save money over a Sole Proprietorship; no double taxation. Get cash coming in early and often.

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We Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Tax Advantages For LLC or a Sub S - If you do not setup your corporation correctly the profit or loss from your business will be passed through to the owners as normal income. All large income and expenses go through one account and keep the debit card in your personal safe. Partnerships Are The Only Ships - Designed to sink.

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How to Get Your Supers to Actually Fill Out Daily Reports

ProcurementExpress.com

Reports also allow incoming subcontractors to gain an understanding of how the project has been going thus far–and ideally, it should paint a clear picture of progress, so anyone can come in, join the team, and start work right away. Click To Tweet. You may also want to record any information related to inventory management.

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Free Customizable Construction Accident Prevention Programs

Contractor Bookkeeping

It is not just about the dollar cost of injuries that can be prevented, consider if you will, the hidden costs. There are an infinite number of reasons why most construction companies do not generate a minimum 20% net profit and a six figure after tax income for the owners. What Gets Measured Gets Managed!