Construction Industry Advisor

Showing 145–160 of 214 results

  • Construction projects go high-tech with GPS

    Winter 2008
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 348

    Abstract: This article takes a quick look at global positioning system (GPS) technology in construction. Its use is growing as contractors learn how to leverage its capabilities for tracking vehicles and equipment, dispatching crews and supplies, reducing theft, and mapping job sites. It’s an interesting read about cutting-edge technology that’s helping contractors work smarter and more efficiently. (Updated 3/20/12)

    Read More

  • Assessing your company’s value — priceless

    Fall 2008
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 608

    Abstract: Contractors often decide to assess their companies’ values because of a change in ownership. But valuations also can be crucial in determining how much they can borrow, whether it’s smart to aggressively grow their businesses or hold steady, and whether their estate plans need updating. This article provides a primer on the three valuation methods typically used when valuing a construction business. A sidebar explains why it’s critical to get a valuation done when preparing to sell a business. (Updated 2/27/12)

    Read More

  • Contractor’s toolbox – 5 ways to ensure you hire the best workers

    Summer 2008
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 336

    Abstract: Job candidates should have more than just the right skills; they also should have a good work ethic, integrity and personalities that will fit into the employer’s organization rather than disrupting it. This article discusses five effective screening mechanisms for contractors and what they can reveal about job applicants. (Updated 2/27/12)

    Read More

  • Protect your construction company against disbursement fraud

    Summer 2008
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 720

    Abstract: Many contractors take steps to secure their job sites to prevent equipment and materials theft. But not all do everything they can to protect their bank accounts. The goal should be to make sure every disbursement is for authorized and received goods or services and is recorded accurately. This article looks at some effective internal controls that can reduce the risk of internal theft and inaccurate financial reporting. (Updated 2/27/12)

    Read More

  • Do you know how to recoup your equipment costs?

    Summer 2008
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 934

    Abstract: Capturing equipment costs can be a challenge, but it’s well worth the effort. Equipment costs should be charged to each contract using a method that reflects the extent to which the equipment was used on that job. The secret to success lies in knowing the methods available and how to use them. This article explains how to calculate equipment costs, so you can allocate them to the appropriate contract. A special sidebar offers a sample calculation. (Updated 2/23/12)

    Read More

  • Extend your reach – Cost segregation studies offer a profit-building opportunity

    Spring 2008
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 824

    Abstract: In a business climate of shrinking margins and increased competition, landing new construction contracts is more challenging than ever. This article describes how you can nail down more business by contributing your services to a cost segregation study. It also offers a full explanation of what a cost segregation study is and how your expertise would be used. (Updated 2/23/12)

    Read More

  • 5 tips for building an incentive compensation program

    Winter 2012
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 687

    Abstract: When looking to cut costs, a contractor may first look to put annual bonuses on the chopping block. But rather than eliminating such financial incentives, it may be better to develop an incentive compensation program that’s designed to help achieve the company’s goals. This article offers five tips for designing a program that works.

    Read More

  • Contractor’s Toolbox – Weigh the pros and cons of IPD and BIM

    Winter 2012
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 424

    Abstract: Integrated project delivery (IPD) is a collaborative approach to construction projects that can help make projects more successful and profitable. It usually goes hand-in-hand with building information modeling (BIM), a technology that facilitates collaboration. But neither has been widely adopted, because collaboration isn’t always easy in an industry in which relationships are often adversarial. Furthermore, these techniques may raise thorny legal and risk management issues. But, as this article explains, IPD and BIM can provide substantial advantages, as well.

    Read More

  • Looking for a new revenue source? Consider consulting on cost segregation studies

    Winter 2012
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 649

    Abstract: A cost segregation study, which involves identifying the specific assets that make up a building and their costs, can provide benefits to both building owners and to contracting companies. The owner reaps the rewards of considerable tax deferral and the contractor can consult on this much-needed service and thus open up a new profit center. This article shows how a cost segregation study works, while a sidebar offers a partial list of items that qualify for faster write-offs.

    Read More

  • The “pay-if-paid” clause – Know what you’re dealing with

    Winter 2012
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 784

    Abstract: In recent years, increasing numbers of owner bankruptcies and insolvencies have brought pay-if-paid (PIP) clauses into the spotlight. These clauses — which shift the risk of owner nonpayment from general contractors to subcontractors — are controversial. But they’re common in construction contracts, so it’s important to understand their impact. This article discusses the enforceability of PIP clauses and their impact on surety bonds. A sidebar explains the distinction between a PIP clause and a pay-when-paid (PWP) clause.

    Read More

  • Contractor’s Toolbox – 3% withholding on government contracts comes under fire

    Fall 2011
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 431

    Abstract: A controversial tax provision is scheduled to take effect in a little over a year, and it could have a huge impact on contractors’ cash flow. The provision requires most government entities to withhold 3% of payments for goods and services. However, a number of business groups oppose the new requirement and, as of this writing, several proposals are pending in Congress to repeal it. The article explains the rationale for the requirement and the arguments for repeal.

    Read More

  • Discover new opportunities with joint ventures and strategic alliances

    Fall 2011
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 299

    Abstract: For many contractors — particularly smaller ones — a joint venture or strategic alliance offers an opportunity to join forces with other construction companies to achieve business goals that one business couldn’t achieve on its own. This short article explains the difference between these two arrangements and the advantages that both offer to the partners involved.

    Read More

  • Is your construction company at risk? Understand how to account for claim revenue

    Fall 2011
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 622

    Abstract: If a construction company encounters unanticipated income, also known as “claim revenue,” it might find itself in hot water with the taxing authorities. So when is a company at risk? As this article explains, it’s important to know when to use the percentage-of-completion accounting method vs. the completed-contract method. And, in deciding what to include each year, contractors need to gather objective, verifiable evidence supporting each claim.

    Read More

  • Year end tax planning – Contractors should take a strategic approach

    Fall 2011
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 1164

    Abstract: As 2011 winds down, it’s time for contractors to think about year end tax planning. It’s critical to take a strategic approach, balancing the desire for short-term tax savings against one’s interest in preserving the long-term financial strength of the business. This article discusses timing issues and accounting methods, followed by a look at 2011 tax breaks and the impact that various tax moves may have on lending and bonding relationships. A sidebar shows why bonus depreciation and Section 179 expensing are particularly valuable this year for contractors investing in equipment and other fixed assets.

    Read More

  • Contractor’s Toolbox – The “no damages for delay” clause: Handle with care

    Summer 2011
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 414

    Abstract: Because delays can be costly, contractors often seek damages for delays caused by the owner or, in the case of a subcontractor, by the general contractor. But a “no damages for delay” clause can help mitigate the financial ramifications of such delays. Essentially, it denies a contractor’s right to recover monetary damages for some or all delays, limiting its remedies to an extension of time to complete the work. This article explains what the clause can and cannot do and lists some exceptions to the clause.

    Read More

  • 5 tips for showing you’re “bond worthy”

    Summer 2011
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 578

    Abstract: In today’s economy, risk-averse project owners are more likely to require bonds. At the same time, cautious sureties have become more rigorous in their evaluation and approval of bond requests. So, it’s critical for contractors to show that they’re “bond worthy.” This article offers five tips for doing just that.

    Read More