Factoring in Flood Risk on Projects

Factoring in Flood Risk on Projects

When coastal storms, snowmelt, or torrential rains cause water levels in rivers, lakes, and streams to rise and flood communities, the damages can be extensive and extremely costly. To protect themselves from potentially large financial losses, construction companies...
The Value of Benchmarking

The Value of Benchmarking

It may seem easy to figure out how well your company is doing – you just look at whether or not you made a profit this month or this quarter. But you need to dig deeper if your profits are erratic or not at the level you’d like or expect them to be. You...
Deducting Trade and Business Expenses

Deducting Trade and Business Expenses

Two months ago, you flew across the country and spent five days checking out various types of construction equipment you’re thinking of buying. The month before that, you went to a construction industry convention where you attended several daily workshops...
Tips for Managing Cash Flow

Tips for Managing Cash Flow

Inadequate cash flow is one of the main reasons businesses fail. Developing an effective cash management program can help you manage your contracting firm’s cash flow and position it for future growth. Here are some suggestions that can improve cash flow. Manage...
Internal Controls are a Must for Contractors

Internal Controls are a Must for Contractors

Internal controls are critical for the financial health of your construction firm. An effective system of internal controls helps ensure that your company’s financial reporting is accurate and its resources are being protected. A regular review of your internal...

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