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The Importance of Manufacturer Certifications for Contractors ccapoccia Wed, 09/18/2024 - 15:28 Discover how manufacturer certifications can help contractors build their reputations and access broader projects.
Assessing Key Tax Methods for Contractors ccapoccia Tue, 12/17/2024 - 14:24 C ontractors face challenges that necessitate careful consideration of accounting methods for their contracts, especially for tax purposes. The choice of tax accounting methods for contracts can significantly impact financial statements, cash flow and tax liabilities.
Investigating the Importance of Manufacturer Certifications for Contractors ccapoccia Mon, 06/10/2024 - 15:28 Discover how manufacturer certifications can help contractors build their reputations and access broader projects.
For Directors of Construction, engaging the right general contractor (GC) who can work seamlessly with commercial architects is essential to mitigate risks and achieve project goals. Successful commercial construction projects hinge on more than just technical expertise; they require a strategic and collaborative approach.
As a specialty contractor, your success hinges on your ability to manage complex workflows, maintain cost control, and deliver projects on time. But are you still relying on outdated systems or multiple software packages that create data silos and inefficiencies?
When Mohawk Industries , the worlds largest flooring manufacturer, decided to join ISNetworld, it set a clear signal to contractors nationwide: working with them now requires meeting compliance standards outlined by ISN. For contractors, this presents both an opportunity and a challenge. What Is Mohawk Industries? Photo by Erin O.
Pandemic Problems & Possibilities Facing Contractors ccapoccia Thu, 03/23/2023 - 09:33 The COVID-19 pandemic brought about one of the most challenging periods in the history of the construction industry.
Understanding prevailing wage is crucial because it ensures fair compensation for workers, maintains a level playing field among contractors and promotes the quality and safety standards essential for the construction industry's integrity and sustainability. Deltek ComputerEase serves over 6,000 contractors.
Complying With the Department of Labor’s Independent Contractor Rules ccapoccia Tue, 03/05/2024 - 17:35 Misclassification of workers has increasingly become a target of the U.S.
At the highest level, contractors understand the importance of accurately predicting and preparing for variances in costs or schedules when delivering a construction project. In fact, leaders know it is essential to the profitability, cash flow and potential viability of projects.
In response to market and financial pressures, many contractors are looking for work outside of their proverbial "sandbox," by either diversifying project types or seeking work in new geographic areas. Many contractors have success expanding into new areas by following their clients.
3 Reasons Contractors Should Hire More Women ccapoccia Tue, 06/27/2023 - 19:40 We need more of the right people for the construction industry to keep pace with project demand. Recent research shows that women bring unique qualities to the jobsite that will help contractors improve project outcomes.
3 Ways Contractors Can Mitigate the Risks Tied to Price Increases. Mon, 04/25/2022 - 10:11. Escalation, escalation, escalation,” is all I hear from clients and colleagues as they leave their Zoom screens and return to conferences and conventions.
The specialty contractor space is facing a transformative period, driven by labor shortages, rapid technological advancements, and increasing regulatory requirements. In 2024, contractors must navigate complex challenges like fragmented management systems and delays in payment.
Tips for Navigating Liabilities & Subcontractor Responsibilities ccapoccia Tue, 12/17/2024 - 14:36 T he entanglement and overlap of work among multiple contractors is often inevitable due to the complex nature of construction projects and the diverse specialties of the contractors involved.
mhodges Wed, 02/05/2025 - 16:09 Elevate Your Business: The Strategic Advantages of Partnering with the IUPAT As a contractor, one of your top priorities is delivering high-quality projects on time and within budget. By becoming a signatory contractor with the IUPAT, you unlock a range of strategic benefits that go far beyond access to labor.
Strategic Tax Planning for Contractors in 2024 ccapoccia Mon, 06/24/2024 - 17:59 A s 2023 financial statements and tax returns are finalized, it’s time for contractors to shift their focus to the current tax year of 2024 and beyond.
For specialty contractors, using a construction software platform helps to lay the technological foundation required to support future growth and improved financial performance.
What Contractors Should Know About the Build America, Buy America Act ccapoccia Thu, 11/09/2023 - 11:03 Battling back from the Great Depression, the Hoover administration passed the “Buy American Act” in 1933. The basic premise of the law was to revive and bolster the economy by requiring U.S.-sourced
The Importance of Surety Bonds for Construction Contractors. If you want to become a construction contractor or are already operating within the industry, you will likely encounter surety bonds. Thu, 10/27/2022 - 15:14.
Why Contractors Need to Automate Logistics Processes ccapoccia Thu, 02/16/2023 - 15:08 The construction industry faces many challenges that other industries will face in 2023 — labor shortages, cost overruns, project delays and inadequate communication. According to the U.S. trillion infrastructure investment.
This in-depth study covers how companies like Bartlett-Cocke General Contractors saw an 83% reduction in cost analysis time and a 62% decrease in vendor payment processing time by adopting a Construction ERP system. Construction companies face daily challenges, from project delays to cost overruns.
Promote to rotator No Rotator Image Status of webinar Featured The essential knowledge every contractor needs to succeed in the prevailing wage landscape. This presentation will guide you through the essential knowledge every contractor needs to succeed in the prevailing wage landscape. Thu, 02/13/2025 - 12:00 1:00 p.m.
Industry Insiders’ Concerns for Contractors in Late 2023 ccapoccia Thu, 07/27/2023 - 16:28 The second quarter of 2023 saw a construction industry continuing to thrive. As we enter the heart of the summer and the third quarter, the trend doesn’t seem to be slowing.
CDT A growing consensus of contractors believes labor utilization can be greatly improved with the right software. Promote to rotator No Rotator Image Status of webinar Featured Why it matters, what to watch for, & the impact it can have on your business Thu, 05/18/2023 - 12:00 1 p.m.
It is time to switch to a modern construction software solution designed for specialty contractors. Silos of data and outdated systems can hold your business back. CMiC provides a platform that simplifies operations, improves visibility, and boosts efficiency.
Addressing Mental Health Issues Among Workers at Civil Contractors ccapoccia Thu, 04/13/2023 - 14:59 While the COVID-19 pandemic was largely negative for the world, it appears that the construction industry has experienced at least one positive outcome from the pandemic: a more open and engaged approach to worker mental health.
Nick is the head of market research with a keen understanding of general contractors needs and future technology trends for financial management. SPEAKER Nick Overmann Product Marketing Expert GCPay Nick Overmann is a Product Marketing expert at GCPay, with over 15 years experience in the construction and payment industries.
Nick is the head of market research with a keen understanding of general contractors’ needs and future technology trends for financial management. Prior to GCPay, Nick held product and marketing leadership positions with Fleetcor, LP Building Products, and Verifone.
Supply chain challenges and rising material costs are forcing specialty contractors to pay more for what they need to complete each job. If you are a Specialty Contractor or Self-performing GC, you do not want to miss out on this essential guide!
Setting financial goals for your construction business may be one of your most important responsibilities as a leader and business owner. Your financial goals serve as far more than wishful projections; they form the backbone of your road map for success, both internal and external.
According to industry data, the average bid win percentage for a commercial contractor is 25%, meaning for every 10 bids submitted, they would win 2-3 projects. Importance of tracking win rate: It’s crucial for contractors to actively monitor their bid win rate to identify areas for improvement and strategize for better bid submissions.
Most contractors know they must manage taxes but may be too busy to plan. Here are five tactics that contractors can implement right now. 5 Tax-Saving Opportunities After Year-End ccapoccia Tue, 03/04/2025 - 09:35 Tax planning is critical in managing cash flow and ensuring the government gets no more than its fair share.
Experience is Not the Only Measure of a Great General Contractor In the world of commercial construction, developers and construction directors often face a common challenge: finding a general contractor they can trust. One of the most frequent concerns we hear is, “Have you done this exact type of project before?”
Contractors need more than word-of-mouth. Marketpath is a leading provider of high-quality website solutions tailored for contractors and the construction industry. Marketpath is a leading provider of high-quality website solutions tailored for contractors and the construction industry. Grow Leads & Visibility!
Did you know that 39% of projects fail due to budget issues? For small businesses and entrepreneurs, the stakes couldnt be higher. Managing a project budget is not just about numbers; its about ensuring your business is profitable.
Understanding and managing your gross profit margin is crucial to ensuring the sustainability and profitability of your business as a construction contractor. This key financial metric not only reflects your company's financial health but also helps guide your pricing strategies, project management decisions, and overall strategic planning.
Contractors face constant pressure to deliver projects on time and within budget while maintaining high standards of safety and sustainability. Effective resource management, including equipment and labor, is crucial for staying competitive in this challenging environment.
For construction businesses, scaling operations means taking on greater workloads. Unfortunately, much of the responsibility of managing additional work falls on you and your finance team. Learn how you can navigate the increased complexity of managing more projects without adding headcount.
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