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That improved balance sheet for green buildings translates directly into green buildings having over 30% fewer commercial mortgage backed securities defaults. There is no underwriting justification for lenders charging the same interest rates on mortgages secured by green buildings. Today there is a nascent (.
Insurance, liability, and workers’ compensation . When this happens, it’s vital to save profit from busy seasons to pay the expenses for the off-season. . Limited liability company (LLC) . Protect your business by securing permits and licenses. Roofing equipment and materials. Labor costs. Utility bills.
The over-riding goal of most contractor becomes minimizing the cost of performing the agreed scope or activity and maximizing profit. Just the opposite, traditional contractual incentives, such as liquidated damages and performance security, provide only negative incentives to ensure compliance with minimum requirements.
This article outlines three important documents that you’ll need in order to start and run a profitable business. A construction business needs need public liability insurance , and employers’ liability insurance if you employ staff. Insurance is perhaps the most important thing to arrange before starting a construction company.
The construction industry is complex, with various costs that influence project profitability. Understanding burden rates is essential for construction companies to accurately estimate costs and ensure projects remain profitable what is burden rate. One of the critical factors in determining project expenses is the burden rate.
Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities . Like the Quick Ratio, Current Ratio measures a company’s ability to pay off its short-term liabilities with its current assets. Formula: Current Assets / Liabilities . Formula: Total Liabilities / Total Assets .
If a business is unprofitable in 2011, and has no taxable income to use the deduction, that business can elect to use 100% Bonus Depreciation and carry-forward to a year when the business is profitable. Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Green Building.
Querying different type of jobs in job costing to look at profitability by type. Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management.
So it’s no surprise that whenever I talk to companies about how they store their data, the number one concern I hear is in regards to security. According to Eric, most of his clients have “far humbler” security checkpoints than what a data center can offer. Today’s Cloud Security. General Management. Software & Technology.
Healthy Competition » Free Webinar on Reducing Profit Fade. 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.
Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect.
« Free Webinar on Reducing Profit Fade. Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Ask the Expert.
Rigorous oversight, extensive use of Personal Protective Equipment (PPE), and investment in safety and compliance training drive Bob’s profits well above industry averages. With growing scrutiny on job site dangers and liability concerns, prioritizing safety is crucial in sustaining a competitive edge. Let’s look at why that is.
Turn Construction Data into Business Answers » Data Security in the Cloud. People I’ve talked to say it’s because they’re unsure of the security surrounding their business data. Security is whatever the local IT department decides is adequate. Security in these environments is very tight. General Management.
Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect.
Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. There’s a name for these situations: “profit fade.” The profit you calculate when bidding a job can fluctuate dramatically as work progresses. General Management. Software & Technology. Accounting & Finance.
Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect.
« Public Exposure and Liability on Construction Sites. But this raises other concerns, security usually topping the list. With good administration and strong encryption, web-based storage can be made just as secure as your own company system. Public Exposure and Liability on Construction Sites. General Management.
Committing Intentional Project Communications » Public Exposure and Liability on Construction Sites. Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Industry News.
Silos: Great for Grain, Not so Great for Business » Choosing a Cloud Host: Data Security. One key issue to consider is data security. Onsite Hosting and Security. However, is your data really more secure at your business? Public Exposure and Liability on Construction Sites. General Management. Green Building.
Geographically secure data backup. And last, but not least…Security. Security may be your number one concern when choosing your hosting solution. Previously I discussed the relative security of cloud computing solutions. Previously I discussed the relative security of cloud computing solutions. General Management.
And risk can be a profit center, since insurance companies obviously make money. Even if this doesn’t become an actual source of profit in and of itself, contractors who actively work to understand and control risk are in a position to make smarter project decisions that lead to higher profit margins. General Management.
Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect.
Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect.
« Choosing a Cloud Host: Data Security. But the point at which the office meets the field – where job progress is tracked, profitability is calculated, invoices and change orders are processed – this is the point where bad (or no) communications between the field and the office results in diminished performance and profits.
Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect.
Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect.
Free Webinar on Reducing Profit Fade » Game Changers. Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center.
They do it faster and with greater security than spreadsheets. Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center.
These are risk takers, men and women who are driven to hustle and make a profit—not the sitting still type. Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Recent Posts.
Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect.
Public Exposure and Liability on Construction Sites » Better Project Management through Better Communication. Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations.
But without exception, the story that each team told through their symbols focused on people, not projects or profits. No discussion of business practices, financial measurements, or profit-building strategies. Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance.
Staying Focused in the Fight Against Profit Fade » Connecting in Construction. Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Resource Center.
« Staying Focused in the Fight Against Profit Fade. Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center.
Data Security in the Cloud » Collaborating on Cash flow. Imagine the surprise to everyone when the profit is significantly less or non-existent at the end of a job! Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management.
Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect.
Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect.
Foundation Software has been profitable in each of its years of business since 1985. Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Resource Center.
Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect.
Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect.
Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect.
But to count on them as the source of profit is to bank on an unpredictable variable that is not under your control, that is hard to manage, and that you may wish to use for a completely different purpose – business development (more on this in a moment). Public Exposure and Liability on Construction Sites. General Management.
Education leads to improvement, efficiency, and profitability! Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center.
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