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The Contractor's Guide to Building Financial Success

Construction Business Owner

The Contractor's Guide to Building Financial Success Demystifying construction accounting for contractors mhodges Mon, 08/07/2023 - 12:50 A practical guide to mastering the fundamentals of construction accounting. Fill out the form on this page to access the guide.

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3 Keys for Contractors to Navigate New Revenue Recognition Standards

Viewpoint Construction Technology

Revenue recognition standards were recently updated by the Financial Accounting Standards Board , and these updates will have an impact in the construction industry. To help contractors prepare, Viewpoint recently hosted a webinar on how contractors can get ready for the new standards. So where should contractors start?

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The role of procurement in measurably improving construction productivity

Job Order Contracting

The role of procurement in measurably improving construction productivity is clear. Tools are services are readily available that can reduce overall costs by 30%+ while also improving quality and shortening project delivery times, IF implemented, and managed properly. A robust tool is Job Order Contracting (JOC).

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2023 Collaborative Job Order Contracting

Job Order Contracting

Owners must provide leadership and accountability and not excessively rely upon “JOC consultants” #2. Paying a “percentage of construction volume” for “JOC services” is costly and not in concert with the fiduciary responsibility of public sector owners. #3.

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Former staff at collapsed groundworks firm win payout

Construction Enquirer

Former workers at a collapsed Kent groundworks contractor are set to receive cash payouts after being dismissed without consultation. Twenty seven ex-staff at Ellicon Construction have won their legal battle after they were dismissed without proper consultation last summer when the firm went into administration.

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Safety First, Bidding Next: How Safety & Compliance Wins Contracts

Safety Services Company

Two contractors working for a construction firm bid for projects in the same city —we’ll call them Mark and Bob. Both contractors have operated with their firms for over 15 years, employ qualified workers, and boast high-level capability to take on major commercial jobs. Using a service (like Safety Services Company!)

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Creating a JOC Coefficient?

Job Order Contracting

Contractors must evaluate multiple factors in addition to the associated use of their own capabilities and resources. Specific instructions as to what may be included in a JOC coefficient should also be listed in detail in the associated Request of Proposals (RFP) for Job Order Contracting construction services. Materials.

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