ProcurementExpress.com

JANUARY 2, 2019

WIP figures refer to products that are part-way through the production or assembly process. In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. Meaning, they’ve likely paid for most of the materials, labor, and overhead a while back. That’s accounting’s job, right?

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

ProcurementExpress.com

JANUARY 2, 2019

WIP figures refer to products that are part-way through the production or assembly process. In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. Meaning, they’ve likely paid for most of the materials, labor, and overhead a while back. That’s accounting’s job, right?

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

Job Order Contracting

FEBRUARY 19, 2021

Construction supervision, and general office overhead, as well as any other costs should also be itemized separately. Actual expenses may be much lower or much higher than those forecasted. Considerations of crew composition, availability, and productivity, among others, also need to be addressed and fully defined.

Estimating 150

Estimating Construction Renovating CSI 150

Levelset

JULY 22, 2022

We have a contractor licensing guide for every state you can refer to — as many states do require specific licensing for roofing businesses. New businesses can leverage technology, automation, and lower overhead costs to compete with existing businesses. Other overhead costs include marketing, technology (software, a website, etc.),

Cash Flow 52

Cash Flow Overhead Accounting Profitability 52

Levelset

JULY 18, 2022

We have a contractor licensing guide for every state you can refer to — as many states do require specific licensing for plumbing businesses. Even without a dedicated accountant, you can use a cash flow forecast to predict your cash needs for the upcoming week, month, or year. Keep reading: Contractor’s guide to profit and overhead.

Cash Flow 52

Cash Flow Accounting Profitability Legal 52

Levelset

JULY 19, 2022

We have a contractor licensing guide for every state you can refer to. Even without a dedicated accountant, you can use a cash flow forecast to predict your cash needs for the upcoming week, month, or year. Keep reading: Contractor’s guide to profit and overhead. Oh, and you do want to make a profit, right?

Cash Flow 52

Cash Flow Accounting Profitability Residential 52

Levelset

JULY 15, 2022

We have a contractor licensing guide for every state you can refer to — as many states do require specific licensing for electrical businesses. Even without a dedicated accountant, you can use a cash flow forecast to predict your cash needs for the upcoming week, month, or year. Keep reading: Contractor’s guide to profit and overhead.

Electrical 52

Electrical Cash Flow Accounting Profitability 52