Most contractors know their WIP report matters for the bonding agent, the bank, and the CPA. But when used correctly, the WIP report is…
Budgeting, Construction
The “Plug Number” in Your Cost-to-Complete May Be Draining Your Construction Company’s Cash
Every contractor knows the bid matters. But the number that can quietly do the most damage is not always the bid. It is the…
Construction, Tax Planning
Close Out Q4 Strong: Year-End Financial Strategies for Construction Business Owners
For construction company owners, Q4 is more than just wrapping up projects before year-end — it’s about shoring up your finances so you don’t…
Construction
No More 90-Day Waits: How to Take Control of Your Payments
If you’re a subcontractor in the construction game, chances are you’ve had to chase a payment or two—or ten. You’re not alone. Only 5%…
Construction
The Hidden Cost That’s Hurting Your Bids: Why Overhead Allocation Matters More Than You Think
A few weeks ago, I got a call from a CFO of a mid-sized construction firm. He sounded frustrated. “We’ve been landing plenty of…
Construction
Decoding the New Accounting Rules for Contract Assets and Liabilities
What Are Contract Assets and Liabilities? Think of contract assets as work you’ve done but haven’t yet billed for. You’ve earned it, just haven’t…
Construction
2025 Construction Outlook: What Contractors Need to Know to Stay Ahead
As we look ahead to 2025, the construction industry finds itself at a crossroads—facing a mix of economic uncertainty, legislative changes, and evolving market…
