Wolgast Corporation

NOVEMBER 28, 2022

If you haven’t built a building in the last couple of years, you may be surprised when your banker tells you that they want to hire a Title Company to handle all of your payments to not only the General Contractor, but also directly to the General Contractor’s second tier Sub-Contractors. Why should you care?

Lien 117

Lien Risk Contractors Banking 117

Contractor Bookkeeping

JULY 22, 2022

A proper Construction Contractor Bookkeeping System uses the Accounts Payable feature to track unpaid bills. The bank wants to get paid, and unlike the contractor who is embarrassed to call an old customer, the bank is very willing to call early and often for any outstanding payments due.

Accounting 99

Accounting Contractors Banking Insurance 99

Construction Dive

APRIL 10, 2024

Karen Higgins-Carter, the company’s chief information officer and a former banking industry executive, says contractors need to band together against cyber threats.

Security 140

Security Banking Design Office 140

Construction Dive

JUNE 16, 2020

The coronavirus pandemic has made contractors’ relationships with their banks more important than ever. Here’s how to ensure a smooth partnership even during difficult times.

Banking 155

Banking Contractors 155

Construction Business Owner

JULY 29, 2013

The housing crisis, the highway bill extensions, the recession, bank bailouts, Main Street vs. Wall Street—all of these scenarios have changed the way we do business in our industry. There is no denying that the past few years in our industry have been a proverbial roller coaster.

Banking 179

Banking Maine Industrial Housing 179

HardHatChat

DECEMBER 15, 2009

At the beginning of 2009, I don’t think anyone, including a national commercial general contractor like Englewood Construction, was prepared for the twists and turns that would face the commercial construction industry. As this year draws to a close, let’s look back on some of the highs and lows of what was a challenging year.

Commercial 196

Commercial Retail Chicago Construction 196

BD+C

DECEMBER 23, 2013

New York, NY – December 23, 2013 – International architecture firm Kohn Pedersen Fox Associates (KPF) has shared its design for a new headquarters for Turkey’s largest and oldest financial institution, Ziraat Bank, in a mo. Architects Building Owner Contractors Designers Engineers Office Building' Body Image: read more.

Banking 72

Banking Design New York Office 72

Construction Marketing

JULY 30, 2019

Plumbing contractors are the professionals that are trained to assemble, install and repair water pipes. While hiring a plumbing contractor can help in salvaging your home from a water crisis, it can also worsen a situation. Here is a list of tips that can guide you in hiring a reputable plumbing contractor to work on your property.

Contractors 120

Contractors Insurance Compensation Liability 120

Construction Dive

JUNE 26, 2023

The Denver-based contractor claims the bank is on the hook for the money since it acted as agent for a construction loan on the troubled project.

Denver 131

Denver Banking Claims Contractors 131

Construction Law

NOVEMBER 4, 2024

Andrea Leigh of Trowers & Hamlins LLP looks at what can be done to protect against the worst impacts of contractor insolvency. Project Bank Accounts and alliancing contracts are key measures that offer protection to the supply chain. This story is only available to subscribers to the printed edition of Construction Law.

Contractors 40

Contractors Risk Banking Accounting 40

Contractor Bookkeeping

MARCH 27, 2015

Downloading from the bank is easy and saves time; however, it does not allocate the transactions for accurate Job Costing Reports. The two main reasons highly profitable construction contractors use Job Costing Reports : It is the foundation of your construction company unique "Job Costing Library". bank downloads Bank feeds'

Banking 48

Banking Contractors Profitability Foundation 48

Contractor Bookkeeping

OCTOBER 11, 2019

Contractors want money; banks want to lend money, what's the problem? Multiply that by 100,000, and you will begin to understand why banks seem so tight-fisted about loaning money. Think of all the times: You loaned money to a friend or relative. Did change order work that you never got paid for doing and never will.

Banking 49

Banking Contractors Change Orders Materials 49

Construction Marketing

FEBRUARY 11, 2021

Roofing isn’t a one-person job; you’ll need, at least, two roofing contractors to work on a single site. 10) Business bank account and credit card. A separate bank account will make management easier, and it will help protect your personal assets. 8) Brand name. 11) Accounting.

Insurance 295

Insurance Liability Legal Compensation 295

Construction Dive

AUGUST 16, 2023

Contractors are signaling that demand for their services will continue to expand despite high interest rates and regional bank failures, said Anirban Basu, ABC chief economist.

Commercial 118

Commercial ABC Banking Construction 118

HardHatChat

OCTOBER 15, 2009

Whether you’re a bank with distressed commercial real estate assets on your balance sheet, or you’re a real estate investor/developer who purchased a foreclosed commercial property, creating a viable workout plan can be an uphill battle. I’m not going to sugar coat it. Provide cost estimates to complete the construction project .

Commercial 149

Commercial Bankruptcy Retail Contractors 149

HardHatChat

SEPTEMBER 24, 2009

Key Steps Commercial Developers Can Take to Ensure Their Contractors are Financially Stable. In today’s market there’s no such thing as too much due diligence – especially when it comes to checking the financial stability of your contractors. So your general contractor’s financial problems are costing you time and money.

Commercial 120

Commercial Banking Lien Construction 120

Construction Business Owner

FEBRUARY 16, 2012

» Contractors Seeking Credit Should Prepare to be Prepared. Bank lines of credit are lifelines for many contractors, yet convincing a bank to provide or renegotiate a line of credit is not easy. Building your case beforehand can certainly help and makes you look better in the eyes of the bank.

Banking 120

Banking Construction Cash Flow Finance 120

Contractor Bookkeeping

FEBRUARY 26, 2021

You press a few keys on your keyboard thinking you are going to get the results you want, accurate bank balances, a report showing who owes you money and whom you owe money to, a Profit and Loss Report and Balance Sheet Report you can understand and if all goes well perhaps even some Job Costing Reports.

Contractors 80

Contractors Banking Profitability Resource 80

Contractor Bookkeeping

JUNE 5, 2020

Some contractors think managing cash flow means keeping track of how much money enters and leaves their business, but there's actually more that goes into it. Contractors and sub-contractors know there is more to profits than what is shown above, and most of you rely on your "gut feel" to see when the project has made a profit or not.

Cash Flow 69

Cash Flow Forecasting Contractors Profitability 69

Contractor Bookkeeping

AUGUST 27, 2014

QuickBooks For Contractors Setup. We Fix Bad QuickBooks For Contractors Setup Issues. 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.

Contractors 89

Contractors Accounting Work in Progress Profitability 89

Levelset

OCTOBER 19, 2022

However, before starting work on a building financed with a construction-to-permanent loan, both property owners and contractors need to understand the risks. Contractor risks with a construction-to-permanent loan. These risks should be a non-issue when contractors have a comprehensive risk management plan in place.

Contractors 98

Contractors Lien Finance Construction 98

Best Practices Construction Law

JULY 10, 2022

I love Gru so much that when my children ask for money, my best Gru-like voice belts back: “ Now, I know there have been some rumors going around that the bank is no longer funding us….In Crown Bank , CA No. The owner and contractor entered into an AIA Contract for the construction management services. in BCD Associates.,

Contractors 62

Contractors Agreement Banking AIA 62

Contractor Bookkeeping

OCTOBER 23, 2020

Picking a Get-Me-By Contractor's Bookkeeping Solution in many cases is using an Excel Spreadsheet and a shoebox, file folders all dumped into a file box and looking at the Online Banking once in a while. Between regulations, economic uncertainty, and other outside forces; always a learning curve.

Cash Flow 75

Cash Flow Contractors Banking Accounting 75

ENR Construction

OCTOBER 11, 2024

Contractor's contract is for second-stage engineering study on planned 462-MW small modular reactor project using technology of NuScale Power, of which it is a majority investor.

Banking 77

Banking Contract Engineering Plans 77

Construction Marketing Ideas

OCTOBER 22, 2018

In late September, I published a guest column from Corey Philip Czyz of Homeprosuccess.com, who took a shot at contractors focusing on Search Engine Optimization (SEO), while suggesting that residential lead generation services could make sense.

Banking 61

Banking Contractors Residential Engineering 61

Viewpoint Construction Technology

JUNE 19, 2018

That’s why thousands of contractors across the globe rely on Viewpoint every day to connect their office, team and field operations, improve collaboration and productivity and significantly boost profit margins. Contractors are shaking off the chains of traditionally low levels productivity and profitability.

Software 200

Software Software Viewpoint Construction 200

ENR Construction

JUNE 30, 2020

Contractor of the Year builds state-of-the-art facilities for road travelers and financial customers, expanding its market sectors.

Banking 69

Banking NJ Travel Roads 69

HardHatChat

MARCH 8, 2016

Mason workers close openings at a Countryside Bank in Chicago. In a post last month, we took a look inside the commercial construction technology toolbox, specifically a rundown of construction management software options that benefit not only the contractor, but also the client.

Software 120

Software Software Commercial Contractors 120

Contractor Bookkeeping

MAY 12, 2017

The Ripple Effect Of Not Counting All Your Income Happens When You Go To The Bank For A Loan. You need to be able to show the bank that you have enough sales to pay back the loan. For most contractors, an excessive amount of profit is NOT an issue. Some contractors think buying a truck for cash is not traceable).

Income 58

Income Profitability Contractors Banking 58

Construction Enquirer

AUGUST 6, 2023

South East concrete frame and building contractor O’Halloran & O’Brien Group lifted revenue 19% to £348m as the firm maintained its steady growth path despite a challenging market. ” Cash at bank improved rising to nearly £80m. and housing development profits up at £5.4m.

Contractors 69

Contractors Profitability Concrete Maine 69

BD+C

DECEMBER 2, 2014

The name of this complex took on new meaning in June 2011, when the river overflowed its banks, and penetrated the buildings’ lower floors. Architects Building Owner Contractors Designers Engineers Facility Managers Multifamily Housing Construction' Body Image: read more.

Certification 97

Certification Chicago Banking Commercial 97

Constructonomics

NOVEMBER 28, 2010

After all, you can’t expect an architect to cover every little detail and you certainly can’t expect a contractor to start anticipating what may or may not be required for the project in their bid. They manipulate the contractor - like the filthy little scoundrels that they are. However, they do. . What should you do?

Change Orders 138

Change Orders Bidding Budgeting Budget 138

Construction Business Owner

JUNE 1, 2022

It is time for contractors to get serious about the new accounting lease standard. It is time for contractors to get serious about the FASB ASU 2016?02 Construction Industry CPAs and Consultants (CICPAC) recently released a whitepaper titled: ASC 842 – Implementing Leases – Focus areas for contractors. Greg Ragsdale.

Leases 177

Leases FASB Finance Accounting 177

Levelset

SEPTEMBER 30, 2022

As a commercial specialty contractor, it can be frustrating to have the crew, time, and skills you need to take on construction projects but not enough cash to purchase materials. Add in being denied a bank loan, and the frustrations mount. It’s unfair to feel like the bank and the contractor on all of your projects.

Cash Flow 52

Cash Flow Banking Finance Bidding 52

Contractor Bookkeeping

JULY 19, 2024

To commit fraud, or in this case, embezzlement, an employee must have both access and opportunity—that is, access to funds, banking records, and accounting data. The ideal situation is for someone entrusted with multiple roles who can cut and sign checks, process accounts payable, and handle bank reconciliations.

Banking 108

Banking Accounting Risk Industrial 108

ENR Construction

MARCH 13, 2024

In addition to fiber-reinforced polymer protection, contractor used extra shifts, value engineering to advance work on Harkers Island Bridge in North Carolina's Outer Banks.

North Carolina 81

North Carolina Schedule Banking Engineering 81

Jobsite with Procore

APRIL 22, 2022

Contractors are on the leading edge of this challenge, tasked with providing sustainable solutions that don’t break the bank. More frequent and stronger weather events threaten infrastructure sustainability, forcing public budgets into cycles of repair and rebuild.

Sustainability 52

Sustainability Infrastructure Contractors Banking 52