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INSURANCE |. 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. December 2010. November 2010. October 2010. September 2010. August 2010. April 2010.
INSURANCE |. In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. December 2010. November 2010. October 2010. September 2010. August 2010. April 2010. March 2010. February 2010. January 2010.
INSURANCE |. This, after all, is the foundation of the insurance industry. And risk can be a profit center, since insurance companies obviously make money. So what do construction and insurance companies have in common? Well, consider the business model of the insurance industry. December 2010.
INSURANCE |. Healthy Competition » Free Webinar on Reducing Profit Fade. One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. Learn how better change order management and forecasting can help prevent profit fade.
INSURANCE |. Fewer accidents also mean lower insurance premiums, which mean lower labor costs. or higher, then it might be time to consider implementing a comprehensive safety plan to try and reduce your workers compensation insurance costs. December 2010. November 2010. October 2010. September 2010.
INSURANCE |. Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. There’s a name for these situations: “profit fade.” The profit you calculate when bidding a job can fluctuate dramatically as work progresses. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |.
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? December 2010. November 2010. October 2010. September 2010.
INSURANCE |. But without exception, the story that each team told through their symbols focused on people, not projects or profits. No discussion of business practices, financial measurements, or profit-building strategies. December 2010. November 2010. October 2010. September 2010. August 2010.
INSURANCE |. This in turn lets the estimators use equipment rates that are spot on when estimating forthcoming work, which helps to get new work, and bring that work in profitably. December 2010. November 2010. October 2010. September 2010. August 2010. April 2010. March 2010.
INSURANCE |. Alas, those days are long gone, which means we’re left to manage our fuel consumption or lose profit margins. December 2010. November 2010. October 2010. September 2010. August 2010. April 2010. March 2010. February 2010. January 2010. STRATEGY |. MANAGEMENT |.
INSURANCE |. Look for software that does a better job providing applications based on the workflow of a project from cradle to grave, and that provides web-based anywhere-any time visibility into job progress, profitability, change management, and more for everyone who involved in the success of a job. December 2010. April 2010.
INSURANCE |. These are risk takers, men and women who are driven to hustle and make a profit—not the sitting still type. December 2010. November 2010. October 2010. September 2010. August 2010. April 2010. March 2010. February 2010. January 2010. STRATEGY |. MANAGEMENT |.
INSURANCE |. But the point at which the office meets the field – where job progress is tracked, profitability is calculated, invoices and change orders are processed – this is the point where bad (or no) communications between the field and the office results in diminished performance and profits. December 2010.
INSURANCE |. A Safety Consultant’s Opinion: After having worked in the safety industry for over 21 years, 14 of which were with 2 major insurance companies. December 2010. November 2010. October 2010. September 2010. August 2010. April 2010. March 2010. February 2010.
INSURANCE |. Carefully monitoring these numbers will help you preserve profit and build more accurate bids on future projects. December 2010. November 2010. October 2010. September 2010. August 2010. April 2010. March 2010. February 2010. January 2010. STRATEGY |.
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