Levelset

APRIL 1, 2022

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. Theft from construction sites is a serious issue, and it costs contractors a lot of money each year. Insurance claims.

Site 52

Site Cash Flow Insurance Construction 52

Construction Law

MAY 2, 2024

Contractor insolvency Where there is a (living) will, there is a way Isobel Moorhouse and Jane Hughes of Trowers & Hamlins LLP explain what a ‘Living Will’ is, and ask whether the concept be adapted by employers to apply to contractor insolvencies?

Construction 52

Construction Legal Cash Flow Insurance 52

Construction Business Owner

MARCH 1, 2012

INSURANCE |. Data Security in the Cloud » Collaborating on Cash flow. The topic of cash flow never seems to get old – after all, sustained negative cash flow often results in slashing budgets, personnel, and in the worst cases shutting down of a company. STRATEGY |. MANAGEMENT |. ACCOUNTING |.

Cash Flow 120

Cash Flow Construction Software Software 120

Construction Business Owner

OCTOBER 26, 2011

INSURANCE |. While there are numerous reasons to change software applications, there are two that regularly come up in our discussions with prospective clients: cash flow control and project cost control. Back to Cash Flow. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. February 2009.

Cash Flow 120

Cash Flow Construction Software Software 120

Contractor Bookkeeping

JULY 12, 2012

Remodel Contractors Have Unique Bookkeeping Needs : Not Just Any Bookkeeper Will Do - Too often remodel contractors hire the wrong bookkeeper mistakenly believing all bookkeepers are the same. There is only one method that will help manage cash flow and save money on taxes. Contractor Invoicing. Sales Tax Returns.

Remodeling 73

Remodeling Contractors Cash Flow Work in Progress 73

Viewpoint Construction Technology

JUNE 12, 2013

For example, if you completely own a piece of equipment, you probably estimate the amount of fuel that it uses on a job, but may not consider including the depreciation, insurance, maintenance, and other costs associated with running it. Some contractors might say that bidding is a science — you crunch the numbers and stick to them.

Bidding 317

Bidding Profitability Construction Cash Flow 317

Construction Business Owner

AUGUST 18, 2011

INSURANCE |. Many State and Federal projects require a contractor to be bonded. 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. This report illustrates how a contractor bills a client versus the work they have actually completed.

Cash Flow 169

Cash Flow Software Software Accounting 169

Contractor Bookkeeping

SEPTEMBER 25, 2013

When You Hire A 1099 Contractor They May. Having a contractor’s license is not proof enough you are a business verses an employee. If you hire a 1099 Contractor (Specialty or Trade Contractor) they just become your employee in the eyes of the tax agencies. When a being a licensed contractor is just not enough!

Contractors 49

Contractors Cash Flow Washington Compensation 49

Levelset

AUGUST 16, 2022

To grow a construction business, contractors often pursue larger projects. Some contractors watch as their gross profit margins decrease when they take on larger jobs. A bonding company will want to understand the scope of a project and how it compares to work the contractor has completed in the past. Sufficient working capital.

Risk 52

Risk Cash Flow Construction Banking 52

Contractor Bookkeeping

MARCH 9, 2013

Some Contractors Hire Part Time Secretaries to do everything including construction bookkeeping and then wonder why their company debts keep growing and crushing them. Having all the job costs sorted and linked to each job in QuickBooks for Contractors. Tracking change orders in QuickBooks for Contractors for each job.

Contractors 48

Contractors Cash Flow Banking Change Orders 48

Contractor Bookkeeping

JUNE 15, 2012

New Contractor's Levels of Stress. You Quit Your Job - And started a construction business only to discover you need a contractor’s license and bond. Insurance - Is critical to your construction company. Talk to an insurance agent that understands construction about your insurance needs. Now that's stressful.

Contractors 48

Contractors Insurance Claims Lien 48

Construction Business Owner

APRIL 5, 2012

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. STRATEGY |. MANAGEMENT |.

Risk 120

Risk Insurance Construction Software 120

Construction Business Owner

APRIL 1, 2011

INSURANCE |. 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. In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs. STRATEGY |. MANAGEMENT |. ACCOUNTING |.

Cash Flow 120

Cash Flow Construction Software Software 120

Construction Business Owner

FEBRUARY 16, 2012

INSURANCE |. » 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. Many contractors negotiate payment due dates with their vendors to get themselves out of short-term cash binds.

Banking 120

Banking Construction Cash Flow Finance 120

Contractor Bookkeeping

JULY 18, 2012

Electrical Contractors Have Unique Bookkeeping Needs : Not Just Any Bookkeeper Will Do - Too often electrical contractors hire the wrong bookkeeper mistakenly believing all bookkeepers are the same. Electrical Contractors - Need people trained in construction bookkeeping not someone with experience in regular bookkeeping.

Electrical 48

Electrical Contractors Cash Flow Commissioning 48

Construction Business Owner

JUNE 29, 2012

INSURANCE |. The contractor doing the work was working for the city at the time. Points to Ponder: It is the contractor’s responsibility to create a work area and zone free from hazards that could cause injury or harm to persons or property. The city was the “general contractor” and owner of this project. STRATEGY |.

Construction 120

Construction Safety Software Software 120

Construction Business Owner

SEPTEMBER 27, 2011

INSURANCE |. A lot of contractors have asked me about Section 179. Most of these contractors are considering an investment in equipment or software, and they want to know if it can actually help their construction business. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management.

Construction 181

Construction Software Software Accounting 181

Contractor Bookkeeping

JULY 18, 2012

Plumbing Contractors Have Unique Bookkeeping Needs : Not Just Any Bookkeeper Will Do - Too often plumbing contractors hire the wrong bookkeeper mistakenly believing all bookkeepers are the same. Plumbing Contractors - Need people trained in construction bookkeeping not someone with experience in regular bookkeeping.

Contractors 48

Contractors Cash Flow Commissioning Work in Progress 48

Contractor Bookkeeping

JULY 4, 2012

Our clients are brand new and seasoned small contractors in service and repair, residential, commercial, remodel and home building. Clients include busy professionals and independent contractors who want someone else to deal with their piles of paperwork so they can do “The Fun Stuff” which is what they do best.

Contractors 48

Contractors Cash Flow Accounting Washington 48

Construction Business Owner

MAY 29, 2012

INSURANCE |. Contractors in today’s marketplace are caught in the middle of a paper and paperless culture. Many contractors haven’t taken advantage of digital document solutions, and the ones that have are still dealing with high volumes of data. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |.

Construction 120

Construction Software Software Cash Flow 120

Constructlaw

SEPTEMBER 10, 2020

For public contractors, as the current backlog of work is burned off, the scarcity of future work can significantly strain cash flow and possibly the viability of the company. Having an understanding of all insurance policies, coverages, union agreements and your obligations as an employer is vital.

Industrial 52

Industrial Union Contract Claims 52

Contractor Bookkeeping

JULY 18, 2012

Commercial Tenant Improvement Contractors Have Unique Bookkeeping Needs : Not Just Any Bookkeeper Will Do - Too often Commercial Tenant Improvement Contractors hire a bookkeeper and end up with the wrong bookkeeper if they believe all bookkeepers are the same. Contractor Invoicing. Insurance Audit Support Service.

Commercial 54

Commercial Contractors Remodeling Cash Flow 54

Construction Business Owner

NOVEMBER 8, 2011

INSURANCE |. It crystallizes our mission to make contractors’ jobs easier and we put that mission into our own words: “When better is possible, good is not enough.” For instance, Foundation Software’s vision is this: “To provide the best in accounting software and service for the labor intensive contractor.” STRATEGY |.

Construction 175

Construction Software Software Accounting 175

Construction Business Owner

AUGUST 30, 2011

INSURANCE |. You know, lots of contractors using an off-the-shelf accounting program ask me the same question: Why is construction-specific accounting software so much more expensive? Construction-specific systems allow contractors to instantly track and analyze job progress and performance. STRATEGY |. MANAGEMENT |. SOFTWARE |.

Construction 169

Construction Software Software Accounting 169

Construction Business Owner

OCTOBER 26, 2011

INSURANCE |. I know a lot of contractors are getting into bidding season, and this got me thinking about communication. I know from my days as a general contractor that plans and specifications are altered continuously as subcontractors become involved, materials are changed, and change orders are issued. STRATEGY |. SOFTWARE |.

Construction 160

Construction Software Software Bidding 160

Construction Business Owner

OCTOBER 10, 2011

INSURANCE |. What happens when construction expert George Hedley gathers 15 different contractors from all over the country, puts them in a room for 2 days and leads an open discussion? Ideas start flowing and problems are solved. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management.

Construction 120

Construction Software Software Accounting 120

Autodesk Construction Cloud

FEBRUARY 25, 2022

Evaluating a subcontractor’s health before awarding work has become more important than ever for general contractors. Days of Cash on Hand is the number of days that a company can continue to pay its operating expenses, given the amount of cash available and assuming there is no additional revenue. Underbillings to WC .

Safety 94

Safety Debt Liability Equity 94

Construction Business Owner

JANUARY 18, 2012

INSURANCE |. Mid-January is a time of reflection for many contractors. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing.

Construction 169

Construction Software Software Accounting 169

Construction Business Owner

NOVEMBER 22, 2011

INSURANCE |. Many contractors go into business because they’re great at what they do. I know a successful excavating contractor that took over his father’s grave digging business when he was younger. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology.

Construction 160

Construction Software Software Accounting 160

Construction Business Owner

AUGUST 19, 2011

INSURANCE |. One of my favorite parts of this job is getting to talk with professionals in the industry who work with contractors for a living. And, let’s face it: the kind of individual driven to be a general contractor is often not the kind that relishes tedious office work and long hours spent analyzing numbers. STRATEGY |.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

JANUARY 6, 2011

INSURANCE |. There is just something special about being around contractors. One of the things I enjoy most about my position at ComputerEase is that I have the opportunity to deal with different contractors everyday and have the opportunity to help them with their construction software needs. STRATEGY |. MANAGEMENT |.

Construction 120

Construction Software Software Accounting 120

Levelset

SEPTEMBER 7, 2022

Professional liability insurance provides contractors coverage from financial losses that happen as a result of their errors, mistakes, or negligence. For instance, a plumber who fails to properly lay a pipe could cause water damage that leads to an expensive repair for the general contractor.

Liability 52

Liability Insurance Injury Contract 52

Contractor Bookkeeping

APRIL 20, 2013

Having met with and worked with hundreds of bookkeepers working for contractors I can say with full confidence most of them sincerely believe contractors are greedy no good people who rip off homeowners and need too be dealt with harshly! If your financial records are gone, so is your construction company. We immediately called 911.

Contractors 48

Contractors Documentation Office Cash Flow 48

Contractor Bookkeeping

JULY 5, 2013

I have been following some discussions on a variety of construction networking sites and came across this hot topic that I hope will benefit contractors who read it. There Are Two Main Camps: #1 Contractors who go to great lengths to stop it. #2 2 Contractors who think it is O.K. under certain conditions or they just accept it.

Cash Flow 48

Cash Flow Construction Injury Insurance 48

Construction Law

MARCH 2, 2020

The legislation imposed adjudication regime has at least succeeded in freeing up some industry cash flow. Specialist contractors have called on powers to be given to the new Building Safety Regulator to police procurement practices as well as health and safety. Some legislative interventions have had positive impacts.

Procurement 40

Procurement Regulation Safety Cash Flow 40

Contractor Bookkeeping

JUNE 22, 2012

Contractors Stepping Out - Starting or growing a construction business can be scary and especially if you read about how many businesses, especially contractors fail in the first few years. So we tend to mentor contractors in the early phases until they get the financial foundation in place and start making money.

Profitability 48

Profitability Contractors Accounting Banking 48

Levelset

SEPTEMBER 2, 2022

Errors and omissions (E&O) insurance covers contractors against financial loss resulting from mistakes, errors, or claims of negligence. While general liability insurance covers against claims related to injury or property damage, errors and omissions insurance protects from lawsuits related to financial loss.

Insurance 52

Insurance Liability Claims Construction 52