Remove Bankruptcy Remove Cash Flow Remove Housing
article thumbnail

Contractor Cash Flow Problems Caused By A Bookkeeping Troll

Contractor Bookkeeping

He was not aware of the extent of the problem because the bookkeeper hid the bounced check notices and intercepted the phone calls from the bank, the angry merchants and suppliers by applying for new credit cards in the contractors name to finance the house of cards. At that point he knew something was very, very wrong.

article thumbnail

How High Profit Jobs Send Contractors Into Bankruptcy

Contractor Bookkeeping

The problem is high profit jobs have a way of turning into low or no profit jobs and in some cases they can bankrupt your construction company because you bid the project using whatever model you are accustomed to using and in the end you wind up with cash flow problems. Home Builder Doing A Residential Remodel.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Serious And Funny Construction Definitions Contractors Enjoy Reading

Contractor Bookkeeping

Assets of Company - Cash / Receivables – Payables / Trucks / Tools / Equipment / Material. Assets of Firm - Cash / Business Process / Sales Process / Client List / Predictable Cash Flow. Bad Numbers - Lead to bad decisions / cash shrinks / business unstable / bankruptcy or failure.

article thumbnail

How To Reduce Risk On Construction Projects

ProcurementExpress.com

A real life example: I am a contractor and I have underbid a house by $14000. What can I do besides bankruptcy? From day one, construction executives need to carefully plan budgets, project cash flow numbers, track monthly spending, and manage customer invoices and payments. I can not afford this loss.

Risk 52
article thumbnail

How To Reduce Risk On Construction Projects

ProcurementExpress.com

A real life example: I am a contractor and I have underbid a house by $14000. What can I do besides bankruptcy? From day one, construction executives need to carefully plan budgets, project cash flow numbers, track monthly spending, and manage customer invoices and payments. I can not afford this loss.

Risk 40
article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

USDA Rural Development in Alabama: A variety of loan, grant, and loan guarantee programs, plus technical assistance in the areas of business and industry, cooperative development, rural housing, community facilities, water and waste disposal, and telecommunications, including distance learning and telemedicine. TAX INCENTIVES.

Income 108
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

In-House Research and Development – New and existing eligible businesses that conduct “in-house” research that qualifies for federal research and development tax credits may qualify for in-house research income tax credits. of Agriculture & Housing and Urban Development’s Community Dev.

Income 75