Contractor Connection

NOVEMBER 13, 2023

Temporary housing is a critical, yet often underappreciated, facet of the insurance and property management industries. It’s not just about a temporary place to stay; it’s about delivering a comprehensive, insurance-friendly solution. This establishes a steady stream of business and strengthens their presence in the market.

Housing 40

Housing Insurance Security Bidding 40

Chianelli Estimating

AUGUST 6, 2020

The result is higher costs to complete projects.Other considerations will be the impact it will have on OSHA standards and Insurance Company costs. General Condition costs along with indirect costs tend to be much smaller but they are still a reality of doing business and a real profit killer; particularly when not accounted for.

Estimating 60

Estimating Residential Insurance Commercial 60

Levelset

AUGUST 16, 2022

However, larger projects come with greater risks and additional challenges. Some contractors watch as their gross profit margins decrease when they take on larger jobs. Knowing the risk factors that bonding companies consider might help you better evaluate whether a large project you are looking at is a good opportunity.

Risk 52

Risk Cash Flow Construction Banking 52

Construction Business Owner

DECEMBER 6, 2011

INSURANCE |. In running a business, there must always be a certain amount of risk that you’re willing to take. Risk is healthy; it keeps things fresh and gives you the opportunity to evolve. I took a risk in 2005 and dressed up as Superman for a marketing campaign. Or you could take a risk in offering a new product.

Construction 195

Construction Software Software Accounting 195

Construction Business Owner

AUGUST 19, 2011

INSURANCE |. These are risk takers, men and women who are driven to hustle and make a profit—not the sitting still type. Public Exposure and Liability on Construction Sites. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance.

Construction 120

Construction Software Software Accounting 120

Autodesk Construction Cloud

FEBRUARY 1, 2022

While a project’s ultimate goal is a successful completion, the steps it takes to get there are critical to profits and project’s life cycle. By choosing the right one for your project, overall risk can be reduced, and budget and schedule can be better managed. Risks: exposure to danger, financial loss and harm to the brand.

Risk 52

Risk Schedule Design Budgeting 52

Contractor Bookkeeping

AUGUST 16, 2013

Business Owners - Need three basic reports, Cash, Profit and Equity. Profit And Loss Report. Sales - Expenses) = Profit. Assets - Liabilities) = Equity. -. It is easy to run reports to determine which items are profitable and unprofitable and make adjustments quickly as needed. -. Cash On Hand.

Work in Progress 58

Work in Progress Accounting Construction Leases 58

Construction Business Owner

FEBRUARY 2, 2012

INSURANCE |. In the end, jobs must translate to bottom-line profitability.” In this article, Schoppman explains how business owners should evaluate construction professionals on specific criteria to enhance margin, improve productivity and hedge construction risks. Public Exposure and Liability on Construction Sites.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

OCTOBER 14, 2011

INSURANCE |. But most of the risks are either things within your control, or are at least calculated on likely outcomes. Change orders can be harder to manage – and present more of a profitability challenge – than pre-planned project work. Public Exposure and Liability on Construction Sites. STRATEGY |. MANAGEMENT |.

Change Orders 120

Change Orders Construction Software Software 120

Construction Business Owner

JANUARY 12, 2012

INSURANCE |. Do they have the financial resources to complete a job; is their insurance up-to-date; how does their safety record look; what do their references say about their recent work; what experience do others in my company have with them? Public Exposure and Liability on Construction Sites. STRATEGY |. MANAGEMENT |.

Bidding 149

Bidding Construction Documentation Software 149

Construction Business Owner

MARCH 1, 2012

INSURANCE |. According to my friend Eric Carter, President of Approach Technology , simplistic passwords are the biggest security risks. Your risk will decrease significantly. Public Exposure and Liability on Construction Sites. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. Green Building.

Construction 120

Construction Cash Flow Security Software 120

Contractor Bookkeeping

JUNE 20, 2014

You do all the work they get half the profits and you politely refuse. Tax Advantages For LLC or a Sub S - The profit or loss from your business is passed through to the owners as normal income. Insurance - Is critical to your construction company. This is getting very stressful.

Insurance 48

Insurance Construction Accounting Claims 48

Contractor Bookkeeping

OCTOBER 18, 2012

Accurate QuickBooks contractor reports are what profitable contractors use to help them steer their construction company through the rolling waves of the business cycle like a large ocean liner on the high sea. That's all fine and nice; however you want to know: Which Reports Will Help Me Increase Sales And Profits? Of course you are!

Work in Progress 48

Work in Progress Accounting Profitability Insurance 48

Contractor Bookkeeping

JANUARY 2, 2015

The idea was you would do all the work they would get half the profits and you politely refused, or not? Tax Advantages For LLC or a Sub S - If you do not setup your corporation correctly the profit or loss from your business will be passed through to the owners as normal income. Insurance - Is critical to your construction company.

Construction 48

Construction Insurance Accounting Claims 48

Construction Business Owner

APRIL 12, 2012

INSURANCE |. « The Business of Construction Risk Management. Public Exposure and Liability on Construction Sites. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Recent Posts.

Construction 120

Construction Certification Green Software 120

Contractor Bookkeeping

JUNE 10, 2013

Accurate QuickBooks contractor reports are what profitable contractors use to help them steer their construction company through the ups and downs of the business cycle much like a large ocean liner on the high sea. That''s all fine and nice; however you want to know: Which Reports Will Help You Increase Sales And Profits?

Work in Progress 48

Work in Progress Accounting Profitability Insurance 48

Contractor Bookkeeping

JUNE 15, 2012

You do all the work they get half the profits and you politely refuse. Tax Advantages For LLC or a Sub S - The profit or loss from your business is passed through to the owners as normal income. Insurance - Is critical to your construction company. This is getting very stressful.

Contractors 48

Contractors Insurance Claims Lien 48

Construction Business Owner

FEBRUARY 23, 2012

INSURANCE |. I think it’s safe to say that when most people say they’re concerned with security, they’re concerned with mitigating the risk of fraud, both internally and externally, and physical access to the data. Public Exposure and Liability on Construction Sites. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |.

Security 120

Security Construction Software Software 120

Construction Business Owner

FEBRUARY 9, 2012

INSURANCE |. Current software providers can jump on the bandwagon, or risk losing out to new developers, or perhaps even these specialty apps created by contractors. Public Exposure and Liability on Construction Sites. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Recent Posts.

Software 120

Software Software Construction Accounting 120

Construction Business Owner

OCTOBER 10, 2011

INSURANCE |. From his story it became clear to me that while you can do powerful things with spreadsheets if you devote the time, you run into three serious risks: Complex tasks require complex programming, something off-the-shelf spreadsheets aren’t designed to support (especially when it comes to troubleshooting). STRATEGY |.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

MARCH 29, 2012

INSURANCE |. The Business of Construction Risk Management » The Fundamentals of Building Information Modeling (BIM). Public Exposure and Liability on Construction Sites. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. foundation.

Construction 120

Construction BIM Software Software 120

Construction Business Owner

JANUARY 4, 2011

INSURANCE |. Some well managed businesses took some overly aggressive risks and are no longer with us. Not to double digit profit growth and sales increases, but to a more sustainable, long term path. Public Exposure and Liability on Construction Sites. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |.

Construction 120

Construction Software Software US 120

Contractor Bookkeeping

AUGUST 27, 2014

Let us handle your QuickBooks setup for your contracting company because accurate QuickBooks contractor reports are what profitable contractors use to help them steer their construction company through the ups and downs of the business cycle. Which QuickBooks Reports Will Help You Increase Sales And Profits? Of course you are!

Contractors 88

Contractors Accounting Work in Progress Profitability 88

Safety Services Company

MARCH 23, 2016

It’s important to remember that unsafe behavior doesn’t only affect you, but puts both your coworkers and your company at risk. COMPANY LIABILITY. The repercussions of a safety violation can have a severe impact on a business’s profitability. Just under that is the bottom line.

Safety 48

Safety Employment Liability Guidelines 48

Rory Woolsey

MAY 31, 2012

“ What are the” appropriate” markups for overhead, profit and contingency when budgeting facilities construction projects?” Just the bare labor component includes adders such as fringe benefits, unemployment insurances (federal and state), social security taxes, public liability costs, and builders risk insurance.

Estimating 40

Estimating Overhead Profitability Remodeling 40

Contractor Bookkeeping

DECEMBER 3, 2013

Chart of Accounts Payroll Tax Liabilities. Chart of Accounts Insurance Builders Risk. Chart of Accounts Insurance Vehicles. Chart of Accounts Insurance Liability. Chart of Accounts Insurance Health And Dental. Insurance Audit Reporting. Chart of Accounts Fixed Assets. Chart of Accounts Payroll.

Accounting 48

Accounting Washington Leases Insurance 48

PSMJ Resources

AUGUST 23, 2011

More firms buying more insurance. Despite the economic downturn, the majority of firms continue of carry some kind of professional liability insurance. Nearly 8 in 10 firms carry firm-wide coverage, with 14% carrying firm-wide insurance plus supplemental coverage for specific projects. Presenting the Ideal You.

Architecture 43

Architecture Debt Insurance Resource 43

Construction Lawyer

AUGUST 19, 2005

Sabo & Zahn LLC is an Illinois Limited Liability Company. In other words, you use the stuff we post here at your own risk. Architect cant profit from wrongful conduct. Listed below are links to weblogs that reference Architect cant profit from wrongful conduct : Recent Posts. Copyright Notice. Disclaimer. Categories.

Profitability 40

Profitability Illinois New York City AIA 40

Safety Services Company

MARCH 23, 2016

It’s important to remember that unsafe behavior doesn’t only affect you, but puts both your coworkers and your company at risk. COMPANY LIABILITY The top priority of any business is to maintain a safe and healthful workplace for its employees. Just under that is the bottom line.

Employment 48

Employment Safety Guidelines Risk 48

Autodesk Construction Cloud

SEPTEMBER 1, 2022

Knowing which contract to use when is critical to ensuring a successful outcome in delivery, customer satisfaction, and profit. Knowing which general construction contract to use and when to use one is vital to a successful project, your customers’ satisfaction, and your profits. There’s seemingly no risk of losing money on materials.

Contract 98

Contract Maine Construction Agreement 98

Contractor Bookkeeping

JUNE 22, 2012

Each level has opportunities for rewards and risks. Business Structure - Is typically Sole Proprietor which means they pay more income tax than they should and everything they own is at risk. They Invest Heavily In Marketing - And are very concerned with acquiring High Profit Repeat Construction Clients for their businesses.

Construction 48

Construction Accounting Income Contractors 48

Construction Cost Estimating

JULY 1, 2014

It is used to organize the finances of the entity and to segregate expenditures, revenue, assets and liabilities in order to give interested parties a better understanding of the financial health of the entity. These uncertainties are risks to the project. Depending on the market and profit considerations, etc.,

Estimating 45

Estimating Construction Products Overhead 45

Contractor Bookkeeping

OCTOBER 20, 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? Contractors Liability Insurance Audit Support.

Contractors 56

Contractors Accounting Organization Remodeling 56

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? Contractors Liability Insurance Audit Support.

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? Contractors Liability Insurance Audit Support.

Contractors 48

Contractors Accounting Organization Remodeling 48

Contractor Bookkeeping

JANUARY 6, 2014

Xero Accounting Online will have updated your Sales Report, Profit & Loss Report, Balance Sheet Report and a lot more reports before you finished reading this sentence. Insurance Audit Support Service. Profit & Loss statement anytime YOU want it! Contractor Invoicing. Work In Progress (WIP) Reporting. QuickBooks Reports.

Accounting 50

Accounting Contractors Work in Progress Banking 50

Contractor Bookkeeping

MAY 16, 2014

Bookkeepers who work from home put their contractor clients at risk of losing paperwork to children, friends, relatives and competitors who will be in their homes on a regular basis and everyone is naturally curious. #4 So we called Randal to let him know that we would get a new computer as soon as the insurance company paid us.

Contractors 48

Contractors Accounting Office US 48