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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

Extracting key ratios from financial statements and safety metrics from OSHA filings allows builders to gauge a subcontractor’s short-term and long-term health — and empower estimators with the data they need to make more informed bidding decisions. . Formula: Cash on Hand / (Operating Expenses – Depreciation) / 365 Days .

Safety 94
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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. He said they had just received a penalty from an OSHA inspection. His heart seems to be in the right place, however, he has failed to take the next step of having a designated safety person in the company to make sure that they are up to speed on the OSHA standards. STRATEGY |. MANAGEMENT |. ACCOUNTING |.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. A Safety Consultant’s Opinion: After having worked in the safety industry for over 21 years, 14 of which were with 2 major insurance companies. OSHA in many states will hold those people liable as well as the creator of the safety hazard liable for these violations. STRATEGY |. MANAGEMENT |. ACCOUNTING |.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Fewer accidents also mean lower insurance premiums, which mean lower labor costs. or higher, then it might be time to consider implementing a comprehensive safety plan to try and reduce your workers compensation insurance costs. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. OSHA has been grappling with the idea of developing a specific ergonomic standard for the construction industry. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. February 2009.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. This includes keeping up to date on all new OSHA regulations, having properly working equipment that is regularly maintained and inspected, and enrolling in safety courses that focus on creating a safer environment on the job. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management.

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House Builders Want Unique Construction Accounting

Contractor Bookkeeping

The Seasoned Builder has processes in place for Bidding, tracking Certificate of Insurance , W9’s and making sure that a Specialty Contractor is paid only once for the work that is performed. The IRS Tax Code is similar to the OSHA Book – Thick and has Tiny Print. It’s your Tax Accounts Job to know or be able to find out.