Construction Industry Advisor

Showing 49–64 of 210 results

  • 6 tips for more effective change orders

    Summer 2017
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 436

    Abstract: In the construction industry, change orders are a fact of life. The trick is making them a profitable one! This article provides six tips to better managing the process, including obtaining prompt approval and (usually) not providing freebies.

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  • Waivers of subrogation: Are you really protected?

    Summer 2017
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 544

    Abstract: It’s common for a construction contract to contain a “waiver of subrogation” provision under “insurance requirements.” Unfortunately, these provisions are widely misunderstood. This article defines this legal concept and explains important points for contractors to keep in mind.

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  • Cross-training can help mitigate the labor shortage

    Summer 2017
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 673

    Abstract: The construction industry continues to struggle with a shortage of skilled labor. One way contractors can mitigate the problem is by making better use of the workers they already have on staff through cross-training. This article explores the concept and its applications.

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  • Consider a different route – 4 accounting alternatives that may reduce financial reporting costs

    Summer 2017
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 907

    Abstract: Many privately held construction companies prepare audited financial statements that comply with Generally Accepted Accounting Principles (GAAP). But, for some contractors, the limited value of doing so is undercut by the additional cost and complexity. This article describes four alternatives that construction businesses may use to ease the GAAP compliance burden. A sidebar looks at good questions to ask during an accounting method review.

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  • Sec. 199 deduction looking better for contractors

    Spring 2017
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 438

    Abstract: For many years now, contractors have been advised to look into the Section 199 tax deduction for “domestic production activities.” A recent IRS Technical Advice Memorandum addressed this tax break, clarifying the rules in a way that might benefit some construction companies. This article explores this positive development.

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  • Is a joint venture the right choice for your company?

    Spring 2017
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 666

    Abstract: For construction companies, joint ventures can provide great opportunities under the right circumstances. But a contractor may be better off walking away from getting involved in one of these arrangements if the risks are too great. This article looks at both the potential advantages and inherent dangers of joint ventures.

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  • The WIP is good: A valuable management tool

    Spring 2017
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 535

    Abstract: To see the road ahead, and any hazards that may be coming up, contractors need to generate regular work-in-progress (WIP) reports for every job. This article names some of the key data points that every WIP report should contain and explores the many benefits of tracking this information.

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  • Succession planning – Look at things from a surety’s perspective

    Spring 2017
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 930

    Abstract: In developing a succession plan, it’s important for contractors to consider the objectives and needs of company owners as well as their family members. But it’s equally important to examine the plan from a surety’s perspective. This article poses a variety of questions that a bonding provider will likely ask about a succession plan. A sidebar looks at the potential role of an employee stock ownership plan.

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  • Help yourself and the environment with recycled materials

    Winter 2017
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 443

    Abstract: Using recycled and reclaimed materials for construction projects can benefit the environment. Although doing good is its own reward, construction companies that use or produce such materials can also reap financial advantages. This article looks into construction and demolition sites, where contractors can procure or sell recycled items, and construction byproducts can be turned into building materials.

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  • Looking for skilled workers in all the right places

    Winter 2017
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 667

    Abstract: The construction industry has long faced a shortage of skilled labor. One might hope a new year would bring good news, but statistics and general sentiment indicate that there will be no breakthrough anytime soon. This article offers some ideas for finding skilled construction workers and working toward a solution to the shortage.

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  • Third-party funding helps contractors pursue claims

    Winter 2017
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 542

    Abstract: To avoid the high cost of litigation, many contractors fail to pursue even strong claims or settle for far less than they deserve. This article explores an increasingly popular option that may help with this dilemma: third-party funding, in which an outside party agrees to finance some or all of a claimant’s legal costs in exchange for a portion of any recovery.

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  • Soggy numbers – 6 common accounting mistakes to avoid

    Winter 2017
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 921

    Abstract: In a tumultuous industry like construction, it’s all too easy to let crisp, timely financials go soggy with outdated data and flat-out mistakes. This article describes six common accounting errors to avoid, including inaccurate allocation of overhead and failure to recognize loss contracts. A sidebar looks at a forthcoming accounting standard addressing revenue recognition.

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  • Boost retirement benefits with a cash balance plan

    Fall 2016
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 454

    Abstract: Construction business owners may not be able to set aside as much as they’d like in tax-advantaged retirement plans. Typically, they’re older and more highly compensated than their employees, but restrictions on contributions to 401(k) and profit-sharing plans can hamper retirement-planning efforts. This article describes how cash balance plans may help out.

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  • Zero net energy building: Hot trend getting hotter

    Fall 2016
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 633

    Abstract: Zero net energy (ZNE) buildings — both residential and commercial — are a sustainable construction approach in which the building has a much smaller energy impact. ZNEs have continued to show significant growth in recent years. In fact, the increase prompted the U.S. Department of Energy to release a common definition for ZNEs in 2015. This article examines just what ZNEs are and how the construction industry is implementing them.

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  • Stopping the scourge of profit fade

    Fall 2016
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 523

    Abstract: Profit fade — a gradual decline in expected gross profits over the course of a project — not only threatens to hurt financial performance, but also may raise a red flag with sureties and lenders. This article explains that, to avoid profit fade, construction companies need to identify its causes, monitor work in progress and act quickly to address any issues.

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  • The new rule on overtime – Implications for construction companies

    Fall 2016
    Newsletter: Construction Industry Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 853

    Abstract: In May 2016, the U.S. Department of Labor finalized its controversial “overtime rule,” which doubles the minimum salary an employee must receive in order to qualify for the “white collar” exemption from overtime pay. According to the National Association of Home Builders, approximately 100,000 construction supervisors will be eligible for overtime under the new rule, currently scheduled to take effect December 1, 2016. This article offers an overview of the new rule. A sidebar warns of the dangers of employee misclassification.

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