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4 Mistakes to Avoid in Construction Bidding

Viewpoint Construction Technology

MCM is a CPA firm with a team of accountants dedicated to construction accounting. Construction markets remain competitive, so it comes as no surprise that construction companies have to be at the top of their game throughout a project. All of these expenses are important to include for your bid to be accurate.

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Subcontractor Default Insurance: Pros & Cons for General Contractors

Levelset

Construction is a risky business, with among the highest rates of failure of any industry. Subcontractor default insurance is one alternative to a surety bond that works to protect a contractor from the financial burden when one of their subcontractors defaults. Related: 16 types of insurance coverage for contractors.

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Construction Site Theft: Impact and Prevention

Levelset

As a contractor or sub, you can expect to incur many costs during the course of a construction project. Materials, insurances, permits, payroll, and other typical costs are relatively simple to account for. However, there is one very expensive cost that isn’t so cut and dry: construction site theft. Insurance claims.

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4 Ways Materials Financing Can Help You Recession-Proof Your Business

Levelset

Managing cash flow in the construction industry is difficult in any economy, but during a recession, specialty contractors face even more financial challenges than usual. During the Great Recession , more than 150,000 construction firms closed their doors, and 2 million construction workers lost their jobs.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. ” » The Expensive Process of Bidding. Nowhere is that more true than the construction industry. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Construction Software – Is it Time to Buy? » The (Construction) Telephone Game. What does the telephone game have to do with construction operations?

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. « New Year’s Resolutions for Construction Management. Evaluate Bidding Strategy. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |.