Construction Business Owner

AUGUST 24, 2021

Standard market surety – how contractors can swing back safely from non-standard. Although 2021 projections are looking up, this unprecedented economic situation put many contractors in a tough spot, with uncertain financials making them only eligible for more expensive nonsurety bonds. Accounting & Finance. Greg Ragsdale.

Finance 294

Finance Maine Accounting Concrete 294

Construction Business Owner

SEPTEMBER 27, 2021

In 2020, there was some tightening of surety credit for certain sectors, but generally speaking, the premier contractors had no issues securing bonds and that trend is expected to continue and the surety and finance industry is forecasted to be robust for the remainder of 2021 and into 2022.

United States 294

United States Forecasting Finance Security 294

Contractor Bookkeeping

FEBRUARY 28, 2025

Navigating the world of finances can sometimes feel like trying to build a house without a blueprint. Between managing budgets, keeping track of expenses, and ensuring you're compliant with tax regulations, it's easy to feel overwhelmed. That's where your financial dream team comes in!

Contractors 79

Contractors Finance Regulation Budget 79

Contractor Bookkeeping

NOVEMBER 15, 2024

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.

Contractors 113

Contractors Modeling Roads Plans 113

Construction Dive

MARCH 4, 2024

Despite the drop, contractor confidence remains high for the near term, according to Associated Builders and Contractors.

Finance 136

Finance Contractors Construction 136

Construction Dive

AUGUST 6, 2020

In challenging economic times, contractors need to be especially vigilant for warning signs such as uncertain financing, incomplete drawings or an owner with a bad reputation, experts say.

Risk 173

Risk Finance Drawings Contractors 173

Contractor Bookkeeping

MARCH 7, 2025

Navigating the world of finances can sometimes feel like trying to build a house without a blueprint. Between managing budgets, keeping track of expenses, and ensuring you're compliant with tax regulations, it's easy to feel overwhelmed. That's where your financial dream team comes in!

Profitability 62

Profitability Contractors Finance Regulation 62

Construction Dive

SEPTEMBER 13, 2023

Despite tightening credit, high project financing costs and lingering recession fears, the country’s biggest contractors continue to book more new business, said Anirban Basu, ABC chief economist.

ABC 163

ABC Finance Infrastructure Contractors 163

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

Construction Dive

JULY 12, 2024

Innovative financing and cost management strategies can help contractors manage headwinds, said Joe Natarelli, construction services leader at Marcum.

Finance 136

Finance Innovation Construction Management 136

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 While both operating and finance leases will be recorded on the balance sheet, expense recognition is different. Accounting & Finance. accounting and finance.

Leases 177

Leases FASB Finance Accounting 177

Levelset

OCTOBER 19, 2022

When a property owner wants to finance the construction of a new building, they typically have to obtain two loans: one loan for the mortgage on the completed home, and another for the land purchase and construction expenditures. Contractor risks with a construction-to-permanent loan. What is a construction-to-permanent loan?

Contractors 98

Contractors Lien Finance Construction 98

Viewpoint Construction Technology

FEBRUARY 14, 2019

One of the biggest challenges that contractors’ finance and accounting departments face is keeping up with all of the ever-changing tax regulations, incentives and procedures. She discussed the new 21 percent flat tax rate on C-Corps and what that could mean in terms of tax savings for large contractors.

Viewpoint 204

Viewpoint Construction Contractors San Francisco 204

Contractor Bookkeeping

MAY 24, 2024

The power of effective bookkeeping using QuickBooks Desktop - plus an Important Update from Intuit. Keeping track of sales, earnings, expenses, and purchases is fundamental to your construction business's overall health and sustainability.

Finance 111

Finance Claims Construction Accounting 111

Viewpoint Construction Technology

NOVEMBER 6, 2018

The reasons most often cited for dated information are lack of access to this data at the right time, query driven reporting and a reliance on accounting/finance for information. These modern construction software solutions are helping contractors transform their operations in today’s digital age.

Project Management 211

Project Management Management Viewpoint Software 211

Construction Business Owner

APRIL 13, 2023

ESOPs as an Alternative Buyer for Construction Companies ccapoccia Thu, 04/13/2023 - 14:33 In an economic environment defined by ever-increasing interest rates, traditional market debt financing doesn’t provide liquidity to corporations as it did in the past.

Debt 156

Debt Finance Construction Environment 156

Levelset

MARCH 29, 2022

Rising costs during a construction project affect not only the project’s profitability — they affect a contractor’s ability to survive. Contractors must manage costs while staying competitive with other contractors bidding for the same work. Related: 5 ways contractors can tackle a construction labor shortage.

Deals 98

Deals Contractors Cash Flow Construction 98

Viewpoint Construction Technology

APRIL 17, 2018

Contractors today deal with challenging projects, often with multiple performance obligations. When implemented properly, they offer improved cash flow and better accounting insight, which benefits contractors and customers. New revenue recognition standards will require contractors to adjust accounting practices.

Accounting 223

Accounting Contract Viewpoint Cash Flow 223

Viewpoint Construction Technology

AUGUST 15, 2018

In this busy construction market, contractors are always looking for ways to find more skilled workers to fill important roles on their teams. Contractors who do manage to find the workers they need also face another challenge: retaining those employees.

Construction 234

Construction Education Employment Project Management 234

Construction Marketing

FEBRUARY 17, 2022

A construction loan is high-interest, short-term financing that you can use to custom-build your home. Upon approval, the money is sent to the contractor in intervals as the construction work progresses. If the appraisers approve, the lender makes more draw payments to the contractor. What to consider about construction loans.

Construction 264

Construction Budgeting Budget Drawings 264

Safety Services Company

JANUARY 6, 2025

If you’re a contractor or safety professional, these changes are more than just another to-do on your compliance listthey bring important updates for recording and submitting workplace injuries and illnesses. Low-hazard industries like retail, real estate, and finance may get a pass. Not all industries are in the mix, though.

OSHA 124

OSHA Injury Safety US 124

Building Radar

AUGUST 8, 2024

Financing is a critical component of construction projects, influencing everything from project scope to execution. Understanding the regulations surrounding construction project financing is essential for developers, contractors, and stakeholders. Financing options may include loans, equity financing, and government grants.

Finance 52

Finance Regulation Equity Debt 52

Pro Builder

AUGUST 27, 2021

Minnesota Contractors Argue Against Testing, Vaccination Mandates. The Associated General Contractors of Minnesota, along with other construction trade groups, took a stance against the state’s mandatory COVID-19 vaccination requirements, saying the mandate would be costly and time consuming. cbroderick. Fri, 08/27/2021 - 09:51.

Minnesota 93

Minnesota Contractors Employment AGC 93

Construction Marketing

JANUARY 25, 2023

You must secure financing for the project. Developers must understand the various financing options, such as traditional bank loans, private equity, and government programs. The developer may also be responsible for arranging to finance the project, which can consist of a combination of equity and debt.

Commercial 208

Commercial Leases Regulation Finance 208

HardHatChat

JUNE 11, 2013

When attending this event, I always try to find the key takeaways for clients like shopping center landlords, retail developers and restaurant operators, plus, national commercial general contractors such as Englewood Construction. Commercial construction financing is available for viable and stable projects. Dealing with e-commerce.

ICSC 233

ICSC Commercial Las Vegas Retail 233

Contractor Bookkeeping

OCTOBER 13, 2023

You might have a more challenging time getting financing for new projects and have to pay more for the funding you get. When interest rates go up, borrowing money becomes more expensive. This can impact your ability to make a profit on construction projects.

Contractors 107

Contractors Construction Finance Profitability 107

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. Plus, establishing your business credit will make financing your business easier. . If you have more projects, you’ll need to hire more workers to go to various working sites. 8) Brand name. 11) Accounting.

Insurance 295

Insurance Liability Legal Compensation 295

Viewpoint Construction Technology

JULY 3, 2018

If you’re a contractor still using too many manual processes or having to do even more work because of outdated technologies, that last item might be foremost on your mind, and it might be time for a change. Contractors commonly complain of inadequate cost control, disconnected billing systems, inefficient approval workflows and more.

Software 217

Software Software Construction Mobility 217

Jobsite with Procore

APRIL 18, 2022

Most specialty contractors would agree, on every project, the two most important budget items to manage with the utmost accuracy are labor and material.

Finance 52

Finance Contractors Budget Budgeting 52

Construction Enquirer

APRIL 20, 2023

Recent major projects for major contractors include the City of London Academy, the Jersey International Finance Centre and One Capital Square, Cardiff. The firm has been in business since 1997 and specialises in the design, manufacture and installation of architectural precast facades.

Contractors 97

Contractors Debt Liability Architecture 97

ENR Construction

DECEMBER 5, 2022

Planned $237M purchase ends after few weeks, with Italian contractor missing deadline for $20M loan to prop up Clough finances, and "no reasonable prospect" of deal being completed, firms say.

Contractors 71

Contractors Finance Deals Plans 71

Contractor Bookkeeping

FEBRUARY 18, 2022

Financing terms with a lender. Owning your business requires many skills, and among the most important might be the ability to manage negotiations. As a business owner, you could find yourself negotiating in many circumstances, such as: Salary and job expectations with a potential employee. Payment terms with a supplier.

Negotiation 97

Negotiation Agreement Leases Contractors 97

Viewpoint Construction Technology

MARCH 25, 2015

Ours is an industry that builds wealth and a better standard of living by actually creating something, not just through creative finance. A contractor and everyone working with them on a project can point to that project after completion and say “We did that.” And it is usually something that lasts.

Finance 130

Finance Infrastructure Industrial Management 130

Contractor Bookkeeping

MAY 3, 2024

However, they may also face challenges such as limited resource access, difficulty securing financing, and increased competition from larger firms. Due to their size, they are often more flexible and able to adapt to market or project scope changes. Over the years, we have had many successful construction clients.

Contractors 93

Contractors Construction Finance Security 93

Construction Marketing

AUGUST 3, 2022

The goal of every construction project management is to complete the project, and the balancing of resources, finances, time, and feasibility plays a crucial role in its completion. . They can choose to either put up a bid or let general contractors bid to build the project. This process is called a design, bid, and build contract.

Project Management 225

Project Management Management Construction Feasibility 225

Levelset

FEBRUARY 3, 2023

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. One of the most significant challenges during that time was the lack of financing for commercial construction companies.

Finance 52

Finance Cash Flow Materials Security 52

Contractor Bookkeeping

NOVEMBER 17, 2023

When contractors are willing to share their knowledge and expertise with others, it creates a sense of community and fosters growth and success for everyone involved. Additionally, when contractors are generous with their time, resources, and even their finances, it can significantly impact the success of other businesses and individuals.

Finance 114

Finance Construction Contractors Resource 114