Accounting https://www.constructionbusinessowner.com/ en How Paying Closer Attention to Contracts Can Mean More Successful Bids https://www.constructionbusinessowner.com/accounting/how-paying-closer-attention-contracts-can-mean-more-successful-bids <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">How Paying Closer Attention to Contracts Can Mean More Successful Bids</span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/30890" typeof="schema:Person" property="schema:name" datatype="">Alex Headley</span></span> <span property="schema:dateCreated" content="2021-03-10T13:30:00+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Wed, 03/10/2021 - 07:30</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>Submitting a competitively priced bid is key for a bidder to be selected and awarded a contract to build an owner’s project. However, submitting a competitive price is only part of the equation. Complying with the bidding documents and providing all requested information are the other parts.</p></div></div> </div> Wed, 10 Mar 2021 13:30:00 +0000 Alex Headley 14372 at https://www.constructionbusinessowner.com https://www.constructionbusinessowner.com/accounting/how-paying-closer-attention-contracts-can-mean-more-successful-bids#comments 6 Areas of Your Business Surety Underwriters Will Analyze Carefully https://www.constructionbusinessowner.com/accounting/6-areas-your-business-surety-underwriters-will-analyze-carefully <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">6 Areas of Your Business Surety Underwriters Will Analyze Carefully</span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/27631" typeof="schema:Person" property="schema:name" datatype="">Elizabeth Manning</span></span> <span property="schema:dateCreated" content="2020-05-26T14:30:20+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Tue, 05/26/2020 - 09:30</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>Pay close attention to these 6 areas of your company's finances to make sure surety bond underwriters view your business in a good light. </p> </div></div> </div> Tue, 26 May 2020 14:30:20 +0000 Elizabeth Manning 13981 at https://www.constructionbusinessowner.com https://www.constructionbusinessowner.com/accounting/6-areas-your-business-surety-underwriters-will-analyze-carefully#comments The Contractor’s Guide to Getting Paid https://www.constructionbusinessowner.com/accounting/accounting-finance/contractor%E2%80%99s-guide-getting-paid <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">The Contractor’s Guide to Getting Paid </span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/29960" typeof="schema:Person" property="schema:name" datatype="">Rachel Fulford</span></span> <span property="schema:dateCreated" content="2019-12-11T20:47:56+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Wed, 12/11/2019 - 14:47</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>One of the most crucial aspects of managing a construction business is ensuring that you get paid. A steady cash flow helps you fulfill your financial obligations, purchase materials furnished by vendors and pay for the services of your subcontractors. It also allows you to take on new projects without any danger of going in the red. </p></div></div> </div> Wed, 11 Dec 2019 20:47:56 +0000 Rachel Fulford 13701 at https://www.constructionbusinessowner.com https://www.constructionbusinessowner.com/accounting/accounting-finance/contractor%E2%80%99s-guide-getting-paid#comments How to Find a Bank that Values Your Relationship & Not Just Your Money https://www.constructionbusinessowner.com/accounting/how-find-bank-values-your-relationship-not-just-your-money <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">How to Find a Bank that Values Your Relationship &amp; Not Just Your Money</span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/27631" typeof="schema:Person" property="schema:name" datatype="">Elizabeth Manning</span></span> <span property="schema:dateCreated" content="2019-11-06T22:56:59+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Wed, 11/06/2019 - 16:56</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>With the rise of large, global banks and internet banking, the relationship between a company and its banker has virtually disappeared. Gone are the days where a banker was a trusted advisor and an integral part of a company’s team. Unfortunately, the bigger the institution, the less ability it has to form a real relationship with its customers.</p></div></div> </div> Wed, 06 Nov 2019 22:56:59 +0000 Elizabeth Manning 13667 at https://www.constructionbusinessowner.com https://www.constructionbusinessowner.com/accounting/how-find-bank-values-your-relationship-not-just-your-money#comments How to Make Bank With Intelligent Payments Automation https://www.constructionbusinessowner.com/accounting/how-make-bank-intelligent-payments-automation <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">How to Make Bank With Intelligent Payments Automation </span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/27631" typeof="schema:Person" property="schema:name" datatype="">Elizabeth Manning</span></span> <span property="schema:dateCreated" content="2019-10-02T18:11:56+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Wed, 10/02/2019 - 13:11</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>Every modern company needs a vendor-payments strategy. That applies doubly for construction companies because the industry’s payment challenges are bigger than ever. And so are its opportunities.</p> <p>Payments are at the center of two critical areas of the construction business—vendor relationships and job progress. Getting strategic about how you pay can make a big impact.</p></div></div> </div> Wed, 02 Oct 2019 18:11:56 +0000 Elizabeth Manning 13544 at https://www.constructionbusinessowner.com https://www.constructionbusinessowner.com/accounting/how-make-bank-intelligent-payments-automation#comments Best Strategies for Cash-Flow Management in Construction https://www.constructionbusinessowner.com/accounting/best-strategies-cash-flow-management-construction <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">Best Strategies for Cash-Flow Management in Construction</span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/27631" typeof="schema:Person" property="schema:name" datatype="">Elizabeth Manning</span></span> <span property="schema:dateCreated" content="2019-09-13T16:41:03+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Fri, 09/13/2019 - 11:41</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>According to a <a href="https://www.kabbage.com/greenhouse/guide-ebook/the-construction-business-owners-guide-to-growth/" target="_blank">Kabbage survey</a> of construction firms, 28% cited cash flow as the biggest challenge during their first year in business, outweighing finding new customers. As your business grows, the struggle to manage a positive cash flow may continue.</p></div></div> </div> Fri, 13 Sep 2019 16:41:03 +0000 Elizabeth Manning 13479 at https://www.constructionbusinessowner.com https://www.constructionbusinessowner.com/accounting/best-strategies-cash-flow-management-construction#comments 2019 Financial Insights & Economic Guidance From the Experts https://www.constructionbusinessowner.com/accounting/2019-financial-insights-economic-guidance-experts <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">2019 Financial Insights &amp; Economic Guidance From the Experts</span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/29960" typeof="schema:Person" property="schema:name" datatype="">Rachel Fulford</span></span> <span property="schema:dateCreated" content="2019-08-12T18:58:05+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Mon, 08/12/2019 - 13:58</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>Note: the 2019 CFMA Annual Conference &amp; Exhibition conference was not created for the faint of math. These people are experts—advanced professionals who have undergone significant training to get to where they are now. They are controllers, chief financial officers (CFOs), managers, accountants, vice presidents (VPs), and more, all from general contractors, sub-specialty contractors, public accounting firms, heavy-highway contractors, construction management firms and others. </p> </div></div> </div> Mon, 12 Aug 2019 18:58:05 +0000 Rachel Fulford 13366 at https://www.constructionbusinessowner.com https://www.constructionbusinessowner.com/accounting/2019-financial-insights-economic-guidance-experts#comments All You Need to Know About Securing a Loan or Line of Credit https://www.constructionbusinessowner.com/accounting/all-you-need-know-about-securing-loan-or-line-credit <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">All You Need to Know About Securing a Loan or Line of Credit</span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/29960" typeof="schema:Person" property="schema:name" datatype="">Rachel Fulford</span></span> <span property="schema:dateCreated" content="2019-08-08T18:13:36+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Thu, 08/08/2019 - 13:13</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>Securing low-rate financing has become more challenging in recent years. Just as choosing the right employees can make or break your business, choosing the right financing can make a significant difference in the success of your business. If you’re considering financing for your construction business, the following are four options to consider.</p> </div></div> </div> Thu, 08 Aug 2019 18:13:36 +0000 Rachel Fulford 13359 at https://www.constructionbusinessowner.com https://www.constructionbusinessowner.com/accounting/all-you-need-know-about-securing-loan-or-line-credit#comments What You Need to Know About the Construction Industry's Earnings Gap https://www.constructionbusinessowner.com/accounting/what-you-need-know-about-construction-industrys-earnings-gap <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">What You Need to Know About the Construction Industry&#039;s Earnings Gap </span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/27631" typeof="schema:Person" property="schema:name" datatype="">Elizabeth Manning</span></span> <span property="schema:dateCreated" content="2019-06-13T19:28:08+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Thu, 06/13/2019 - 14:28</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>There is an ever-widening gap between leading construction companies and the lagging companies. Here's what you should know and why you should care about it.</p> </div></div> </div> Thu, 13 Jun 2019 19:28:08 +0000 Elizabeth Manning 13211 at https://www.constructionbusinessowner.com https://www.constructionbusinessowner.com/accounting/what-you-need-know-about-construction-industrys-earnings-gap#comments The 13 Financial Mistakes Killing Construction Firms https://www.constructionbusinessowner.com/accounting/13-financial-mistakes-killing-construction-firms <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">The 13 Financial Mistakes Killing Construction Firms</span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/27631" typeof="schema:Person" property="schema:name" datatype="">Elizabeth Manning</span></span> <span property="schema:dateCreated" content="2019-06-12T18:52:36+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Wed, 06/12/2019 - 13:52</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>Learn what financial mistakes you may be making and learn from them to take control of your construction company's profit margins </p> </div></div> </div> Wed, 12 Jun 2019 18:52:36 +0000 Elizabeth Manning 13209 at https://www.constructionbusinessowner.com https://www.constructionbusinessowner.com/accounting/13-financial-mistakes-killing-construction-firms#comments