article thumbnail

#92:  Lost Profits and Waivers of Consequential Damages

NH Construction Law

This mutual waiver includes: 1 damages incurred by the Owner for rental expenses, for losses of use, income, profit, financing, business and reputation, and for loss of management or employee productivity or of the services of such persons; and.2 A commercial owner's lost profits will always be of the latter type.

article thumbnail

5 Critical Construction Project Reports your System Should Pull Without Fuss

Viewpoint Construction Technology

At a bare minimum, you’ll need the following for your accounting function: profit and loss report, balance sheets, trial balance and trading summaries. These basic reports are critical to business profit and loss, and if your system can’t seamlessly pull them all in a flash it’s time to take a look at what else is out there.

Cash Flow 130
professionals

Sign Up for our Newsletter

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

article thumbnail

Kier whittles net debt down to £230m

Construction Enquirer

Andrew Davies, chief executive, said that despite inflationary pressures Kier would report revenue and profit in line with expectations in September. He added that Kier had generated better positive operating cash flow for the year and would now report a net cash position of around £60m at the year-end, higher than the £2.9m ”

Debt 47
article thumbnail

Profitable Construction Companies Use MR>MC To Increase Profits

Contractor Bookkeeping

Every Day You Are - Presented With opportunities to invest your money and the key strategy is putting your money to work where it will earn you the most bottom line profit and increase your cash flow. For Any Opportunity Give Us Six Pieces Of Information : The initial cost of the tool, equipment, service or item? The Solution.

article thumbnail

Unique Bookkeeper Errors Reduce Contractor Profits

Contractor Bookkeeping

Recently A General Contractor Who Needed Help Getting Useful Reports Contacted Us. The banker said his Profit & Loss, Balance Sheet did not look right to him. Another contractor client of ours referred us and he called Sharie 206-361-3950 and asked what we could do to help and how much would it cost.

article thumbnail

Digital Builder Ep 57: Global Construction Professionals Share Their Thoughts on Protecting Margins

Autodesk Construction Cloud

.” This quote primarily relates to personal finance, but his advice also rings true in the construction industry. While bringing in large projects and generating revenue is essential, it’s equally important to manage profit effectively and ensure healthy margins. Have a look below.

article thumbnail

How to Deal with Extended Lead Times and High Material Costs

Levelset

As reported by the US Census Bureau, the construction industry is experiencing the most significant price hike since the 1970s as specialty contractors carry the burden of upfront, out-of-pocket expenses required to start new jobs. Material Financing exists to make this a reality, providing financial flexibility and growth opportunities.