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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

Extracting key ratios from financial statements and safety metrics from OSHA filings allows builders to gauge a subcontractor’s short-term and long-term health — and empower estimators with the data they need to make more informed bidding decisions. . Formula: Current Assets / Liabilities . FINANCIAL RATIOS: DEBT .

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Construction Bookkeeping Unique Features

Contractor Bookkeeping

Assets - Liabilities) = Equity. -. Chart of Accounts Bad Debts. Chart of Accounts Bad Debts. Chart of Accounts Insurance Liability. Chart of Accounts Estimates. Chart of Accounts Insurance Liability. Chart of Accounts Payroll Tax Liabilities. Chart of Accounts Payroll Tax Liabilities.

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10 Contract Terms for Higher Profitability

PSMJ Resources

Receiving money up front, depositing it, and not crediting it to the client until the last invoice has been submitted allows you to avoid a bad debt, and earns maximum interest on the deposit. In addition to normal reimbursables, ask for reimbursement for items such as liability insurance premiums, computer time, and messenger services.

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Tips For Hiring A Residential Contractor

Construction Law Monitor

–Lists of subcontractors and suppliers and verify that they pay their debts on time. –Proof of current insurance (should include General Liability, Worker’s Compensation and Builder’s Risk). –The contract should be modeled after standard American Institute of Architect’s (AIA) construction contract. .

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State by State Incentives Guide

Buisness Facilities Contributed Content

If a business entity invests in a qualifying project that meets certain requirements and is approved by the Alabama Department of Revenue, and maintains minimum annual requirements, the company may receive an annual credit against its income tax liability generated from the qualifying project.

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Unique QuickBooks Setup For Contractors

Contractor Bookkeeping

Chart of Accounts Payroll Tax Liabilities. Chart of Accounts Bad Debts. Chart of Accounts Insurance Liability. Chart of Accounts Estimates. Chart of Accounts Depreciation. Chart of Accounts Intercompany Transfers. Chart of Accounts Payroll. Chart of Accounts Payroll Taxes. Chart of Accounts Customer Discounts.

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Financial And Job Reports You Need Are In Our QuickBooks Template

Contractor Bookkeeping

Chart of Accounts Payroll Tax Liabilities. Chart of Accounts Bad Debts. Chart of Accounts Insurance Liability. Chart of Accounts Estimates. Chart of Accounts Depreciation. Chart of Accounts Intercompany Transfers. Chart of Accounts Payroll. Chart of Accounts Payroll Taxes. Chart of Accounts Customer Discounts.