Contractor Bookkeeping
JUNE 6, 2013
At first read this sounds harsh and yet it comes from my own experiences as a contractor operating multiple jobsites with small crews on each from two to ten people this one concept generated a lot of bottom line profits and kept injuries very low. This means they increased profits and cash flow by making or saving money.
Autodesk Construction Cloud
FEBRUARY 25, 2022
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. . Underbillings to WC .
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Levelset
OCTOBER 14, 2022
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?
Viewpoint Construction Technology
OCTOBER 23, 2018
And true data analytics is more than just tracking traditional job costs and cash flow. Injuries, safety inspections and other information must be recorded and in some cases submitted to the Occupational Safety and Health Administration. Reducing Risk and Increasing Safety.
Levelset
SEPTEMBER 7, 2022
Unlike general liability insurance — which protects contractors when their work leads to bodily injury or property damage — professional liability offers coverage in situations when their work causes another party to lose money. Some mistakes could lead to bodily injury or property damage—which are both covered by general liability insurance.
Levelset
SEPTEMBER 2, 2022
While general liability insurance covers against claims related to injury or property damage, errors and omissions insurance protects from lawsuits related to financial loss. Most states require contractors to hold general liability insurance while working on a job site, but that only protects against third-party injuries and property damage.
Construction Business Owner
JUNE 29, 2012
Points to Ponder: It is the contractor’s responsibility to create a work area and zone free from hazards that could cause injury or harm to persons or property. It is reasonable to expect that the general public assume these contractors doing the work are adequately protecting the public from serious injury or harm. February 2009.
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