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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

The following standard financial ratios can help risk management teams evaluate potential trade partners during the subcontractor qualification process. Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities . Formula: Current Assets / Liabilities . Current Ratio .

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Business Interruption Insurance in Construction: What Contractors Need to Know

Levelset

This type of insurance can help ensure that you’re able to continue operations if something happens that causes you to lose income. These include financial losses from reduced income streams or damaged equipment. This type of policy bundles together several types of coverage, including property damage and liability insurance.

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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

Both retention accounts are shown as current assets and current liabilities, respectively. Plus, not recording retention payable leads to the understating of a company’s liabilities. Debit Credit Income $100,000 Accounts receivable $90,000 Retention receivable $10,000. Managing slow payment cycles. Fariba Mehdian.

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Unlocking the Value of Temporary Housing: A Comprehensive Guide

Contractor Connection

Temporary housing is a critical, yet often underappreciated, facet of the insurance and property management industries. Risk Management Services: Insurance carriers benefit from risk management as Contractor Connection ensures that policyholders have secure and comfortable housing, reducing potential liability and minimizing disputes.

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Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. General Management. People Management. Equipment Management. If a business is unprofitable in 2011, and has no taxable income to use the deduction, that business can elect to use 100% Bonus Depreciation and carry-forward to a year when the business is profitable. construction management.

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Johnney Zhang Is Introducing Crypto to the Housing Industry

Pro Builder

Primior, USPC Cryptocurrency has yet to make major waves in the real estate market, but Johnney Zhang, CEO of real estate development and asset management firm Primior , seeks to change that with United States Property Coin ( USPC ). Created to combat financial volatility associated with record-setting inflation in the U.S.

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Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

MANAGEMENT |. General Management. People Management. Equipment Management. Other common reports bonding agents will look at include income statements, balance sheets, statements of cash flow, and job specific invoice aging reports. Public Exposure and Liability on Construction Sites. construction management.

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