Construction Business Owner

OCTOBER 14, 2011

Industry News. Industry Statistics. It’s not news that competition for work in most parts of the industry has increased or that margins have decreased. Change orders can be harder to manage – and present more of a profitability challenge – than pre-planned project work. Equipment Management. Resource Center.

Change Orders 120

Change Orders Construction Software Software 120

Contractor Bookkeeping

SEPTEMBER 5, 2012

Maybe you began your company with a few friends and relatives and thought your overhead expenses would be low since you worked out of your home. As Time Went By - You made a decent living for yourself, hired a few employees, paid your suppliers and you earned a profit. At least that is what your tax preparer said.

Accounting 48

Accounting Contractors Overhead Insurance 48

Contractor Bookkeeping

SEPTEMBER 20, 2013

QuickBooks Online is a great program for small companies including some non-profit organizations but it is not suited for a serious construction contractor with more than two projects a month and generating more than $500 a year in sales. Profit & Loss statement anytime YOU want it! Profit And Loss Report. Cash On Hand.

Contractors 48

Contractors Accounting Profitability Overhead 48

Building Information Management

OCTOBER 16, 2015

“Job order contractor” – A licensed, bonded, and general liability insured contractor awarded a job order contract. The listed tasks shall be based on generally accepted industry standards and information, where available, for various items of work to be performed by the job order contractor.

Contract 40

Contract Liability Insurance Documentation 40

Contractor Bookkeeping

FEBRUARY 5, 2014

Their primary function is to review the transactions, reclassify some of them as needed and prepare payroll, monthly tax returns, quarterly tax returns, basic Profit & Loss Reports and Balance Sheet Reports. Business Owners - Need three basic reports, Cash, Profit and Equity. Profit And Loss Report. Cash On Hand.

Accounting 48

Accounting Construction Profitability Contractors 48

Job Order Contracting

NOVEMBER 7, 2017

general and administrative and other overhead costs, insurance costs, bonding and alternative payment protection costs, protective clothing, equipment rental, sales tax and compliance with tax laws, and also contractor’s profit).

Contract 100

Contract Management Negotiation Estimating 100

Contractor Bookkeeping

JUNE 18, 2013

Maybe you began your company with a few friends and relatives and thought your overhead expenses would be low since you worked out of your home. As Time Went By - You made a decent living for yourself, hired a few employees, paid your suppliers and you earned a profit. At least that is what your tax preparer said.

Contractors 48

Contractors Overhead Insurance Bidding 48

Construction Cost Estimating

JULY 1, 2014

Bill of quantities (BOQ) - a document used in tendering in the construction industry in which materials, parts, and labor (and their costs) are itemized. See also Overhead, Indirect cost. See also, Overhead, General & Administrative Cost, Distributable. City cost index - see: Location cost index.

Estimating 45

Estimating Construction Products Overhead 45

Pro Builder

OCTOBER 4, 2021

But then he adds in the indirects and intangibles, such as substantial overhead impacts that accompany failure (or even marginal performance) under each of the questions above. An evolving industry trend is to get way in front of the development game by melding marketing and land, to help chose the right parcels for development.

Plans 98

Plans Schedule Claims Management 98

Autodesk Construction Cloud

SEPTEMBER 1, 2022

The construction industry uses different kinds of agreements depending on the project’s scope, delivery, schedule, budget, and the parties involved. Knowing which contract to use when is critical to ensuring a successful outcome in delivery, customer satisfaction, and profit. Plus, you know you’ll incur a profit. Key Takeaways.

Contract 98

Contract Maine Construction Agreement 98

Contractor Bookkeeping

JULY 18, 2012

The contractor sees bookkeeping as overhead which costs money and therefore is a drain on profits so 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.

Overhead 48

Overhead Liability Insurance Housing 48

Contractor Bookkeeping

JULY 24, 2014

It is important to compare your results to industry standards to determine where you need to improve your contracting company business model. For construction accountants like us it is a "no brainer" that every successful and highly profitable construction company owner follows these rules.

Accounting 48

Accounting Construction Contractors Profitability 48

Levelset

JULY 22, 2022

Industry research notes that the US roofing industry consists of more than 80,000 businesses employing 250,000 people — and annual industry revenues exceed $50 billion. You’ll need a name for your business entity and a business structure — often a sole proprietorship or limited liability company (LLC).

Cash Flow 52

Cash Flow Overhead Accounting Profitability 52

Contractor Bookkeeping

JUNE 14, 2013

Do You Suspect Your Contractor Bookkeeper - Is overwhelmed trying to figure out how to do construction accounting and they are costing you more than they are worth in salary, fees and loss profits because you cannot get QuickBooks reports and financial reports when you need them? Labor And Industries Quarterly Tax Return Preparation.

Contractors 49

Contractors Accounting Organization Remodeling 49

Contractor Bookkeeping

DECEMBER 7, 2012

Do You Suspect Your Contractor Bookkeeper - Is overwhelmed trying to figure out how to do construction accounting and they are costing you more than they are worth in salary, fees and loss profits because you cannot get QuickBooks reports and financial reports when you need them? Labor And Industries Quarterly Tax Return Preparation.

Contractors 48

Contractors Accounting Organization Remodeling 48

Levelset

JULY 18, 2022

Industry research shows that the US plumbing industry includes over 130,00 businesses (and more than 500,000 employees) with total annual revenues exceeding $130 billion. You’ll need a name for your business entity and a business structure — often a sole proprietorship or limited liability company (LLC).

Cash Flow 52

Cash Flow Accounting Profitability Legal 52

Levelset

JULY 15, 2022

Industry research shows that the US electrical industry has more than 1 million employees working for 200,000 businesses — and annual revenue exceeding $200 billion. You’ll need a name for your business entity and a business structure — often a sole proprietorship or limited liability company (LLC).

Electrical 52

Electrical Cash Flow Accounting Profitability 52

Levelset

JULY 19, 2022

Industry research reveals that the US painting industry includes over 255,000 businesses with total annual revenues exceeding $35 billion. You’ll need a name for your business entity and a business structure — often a sole proprietorship or limited liability company (LLC). Read more: The profit roadmap for contractors.

Cash Flow 52

Cash Flow Accounting Profitability Residential 52

Contractor Bookkeeping

AUGUST 9, 2012

Yes, I know that sounds a bit harsh please understand it comes from over thirty years of experience in the construction industry both as a contractor, a construction accountant and a profit and growth coach for a few select construction company owners. It seems to me the 80-20 rule applies here and only 80% of them are rotten.

Organization 48

Organization Contractors Accounting Profitability 48