For many types of construction companies, visibility is key. There may be multiple competitors in your market that provide largely the same services you do. How can you distinguish yourself…
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In an uncertain economy, accurate and actionable job cost accounting is more important than ever. If you haven’t already, consider using activity-based costing (ABC) to obtain more precise and useful…
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Construction companies operate in a complex environment when it comes to payroll, benefits and compliance. While other types of businesses can compensate most groups of employees under one regular pay…
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Most long-time construction business owners reach a point when they start thinking about not only their own retirements, but also their families’ financial security. Whether you’re at that point or…
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Historically, many construction businesses have engaged in federal contracting because the projects tend to be plentiful, with little doubt about the payer’s solvency. However, working with the U.S. government today…
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Successful companies of all stripes use key performance indicators (KPIs) to monitor their financial health and spot red flags. Well, you know what? Construction businesses can do it, too. And…
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