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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 . Gross Profit Margin .

Safety 94
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#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.

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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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Service Agreements Can Improve Contractors Cash Flow And Profits

Contractor Bookkeeping

The Balance Sheet is the summary report which shows all of the assets minus the liabilities which equals the "Book Value" or owner''s equity. Owner’s equity is in theory what would be left over if you liquidated the company, sold the assets and paid all of the debts or liabilities. Business Process Management (BPM) For Contractors.

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Fixing Contractor Profit Drains Leads To Easy Profit Increases

Contractor Bookkeeping

Contractors That Do Not Earn Large Profits see contractors bookkeeping services as overhead which leads to the following profit drains: They get a cheap computer, tiny monitor, garbage printer, tiny desk and broken down chair that even the dog would not sit in and tell the bookkeeper this is all the company can afford.

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

Levelset

It can significantly impact the financial standing of contractors, especially when working on projects with a small profit margin. 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. 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.

Housing 40