article thumbnail

9 Tips for Starting an Architecture Firm

Levelset

Pay close attention to cash flow. Architects live or die by their ability to manage cash flow — it’s the primary reason why businesses in the construction industry fail. Architectural firms need to monitor the cash coming in and going out of the business to ensure they have enough on hand to cover critical expenses.

article thumbnail

Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

Construction companies face more cash flow challenges than just about any other industry. Think about it this way: bringing your purchasing process into the cloud means you can check incoming orders against pending ones, cutting back on duplicates that hurt your bottom line. Speed Up Receivables.

professionals

Sign Up for our Newsletter

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

article thumbnail

Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

Construction companies face more cash flow challenges than just about any other industry. Think about it this way: bringing your purchasing process into the cloud means you can check incoming orders against pending ones, cutting back on duplicates that hurt your bottom line. Speed Up Receivables.

article thumbnail

Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

Other common reports bonding agents will look at include income statements, balance sheets, statements of cash flow, and job specific invoice aging reports. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. These reports are great indicators of a company’s financial viability. February 2009.

Cash Flow 168
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

If a business is unprofitable in 2011, and has no taxable income to use the deduction, that business can elect to use 100% Bonus Depreciation and carry-forward to a year when the business is profitable. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. February 2009. January 2009. December 2008. November 2008.

article thumbnail

A Plumbing Contractor’s Guide to Insurance Coverage

Levelset

A plumbing contractor can greatly benefit from insurance because it can help protect their business from being sunk by potential large expenses from things like legal action plus jury awards. Even small disputes in the construction industry can have a negative impact on time and cash flow. How do I get plumbing insurance?

article thumbnail

Free Customizable Construction Accident Prevention Programs

Contractor Bookkeeping

And as always, we recommend you have any legal document reviewed by your attorney or legal counsel before using it. 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!