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Navigating A&E Professional Liability

Construction Business Owner

The American Institute of Architects' (AIA) semi-annual Consensus Construction Forecast recently projected that spending will increase by nearly 9 percent this year, with another 8 percent gain in 2016. Size is also an issue. In fact, findings by the United States Energy Information Administration found that there were 5.6

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Navigating Construction Cash Flow Challenges, Myths, And Facts

Contractor Bookkeeping

The driving force keeps your business engine running smoothly, covering all your liabilities. In the world of small businesses, positive cash flow is king. But what happens when outflow exceeds inflow? Cash flow problems ensue, threatening the survival and growth of your construction business.

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Subcontractors owed £4.6m after Howard Russell collapse

Construction Enquirer

An update on the administration filed at Companies House said the firm was sunk by a combination of rising materials costs, project delays and defect liability claims. In its forecast for this year Howard Russell was predicting a turnover of up to £80m based on a rising number of negotiated contracts.

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The Startup Construction Business Checklist: 3 Important Documents You Need to Have

Construction Marketing

A construction business needs need public liability insurance , and employers’ liability insurance if you employ staff. Although public liability insurance is not a legal requirement, it should be regarded as essential. A business plan can pinpoint sales and forecasted revenue, and is necessary in securing finance from lenders.

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Activities and liabilities of Quantity Surveyor and Quality Manager

Construction Cost Estimating

Quantity Surveyor: The prime intention of the quantity surveyor is to measure the amount of materials required for building work as well as estimate the cost of the materials.

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Types of Capital for Construction Businesses

Levelset

Working capital measures the difference between a construction company’s current assets and current liabilities. Businesses whose assets (like cash, accounts receivable, inventory, or materials) exceed the value of their liabilities (like wages, debts, vendor payments, or overhead costs) have working capital to use to maintain or grow.

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Construction Financial Reporting – Why It’s Important and How To Do It

cnstrctr

This will typically cover your from both a liability and due diligence standpoint. Forecast – the forecast needs to at a bare minimum identify what your budget numbers are, costs or committed costs to date and anything left over or any over run. What Should be Included In Internal Financial Reporting? Internal Reports.