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Strategies to Keep Your Restaurant Open during Construction

Wolgast Corporation

Some owners believe that they have to shut down for a length of time and go without income, risking their staff leaving and being burdened by ongoing bills. There are times when a complete gut of a kitchen requires it to be shut down, but work is scheduled to get crews in and out as soon as possible.

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Business Interruption Insurance in Construction: What Contractors Need to Know

Levelset

Whether it’s the risk of an unexpected accident or a project running over schedule and costing you money, there are many things that can go wrong. This type of insurance can help ensure that you’re able to continue operations if something happens that causes you to lose income.

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The pros and cons of becoming a subcontractor

Fieldwire

If you decide to start your own subcontracting business, you’ll be able to reap many of the most significant benefits of working as a general contractor — like greater flexibility in job hours and scheduling. You’ll be responsible for paying your own taxes and for keeping track of your income and expenses. Schedule a Demo

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Sales commission or salary: The conudrum

Construction Marketing Ideas

Stone replies: I wouldn’t work for any company with this pay schedule. Probably you won’t find many willing to jump ship unless they can have both a significant salary/income base guarantee, plus performance bonus and equity potential/interest in the business/practice. It’s a conundrum.

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Basic Accounting Terminology for PMs

PSMJ Resources

The determination of income and recognition of revenue rests upon the collection of cash and payment of expenses in a cash-based system. You earn revenue based on the level of completeness of your projects, and the billing and earning schedules on a project can be different. These are outside the scope of the Gross Fee.

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Insurance for HVAC Contractors: What It Covers and Why You Need It

Levelset

Workers’ compensation insurance : If you have HVAC employees, this insurance helps cover lost income and/or medical expenses if one of your workers becomes sick or injured on the job. . Installation floater : This policy or amendment covers building materials wherever they’re located. How do I get HVAC insurance?

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Oregon Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Business Oregon has selected a bond counsel firm with a pre-approved fee schedule. This pilot program allows businesses to pay a periodic revenue payment as a percentage of net sales combined with scheduled monthly payments of principal and interest (fixed rate) to accommodate growing companies that may not qualify for traditional financing.

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