Contractor
Showing 49–64 of 390 results
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Bits, bytes and building: The latest on BIM
November / December 2021
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 441
Abstract: Over the years, building information modeling (BIM) has transitioned from a desktop design tool for architects to a valued collaboration tool among all stakeholders in a construction project, including contractors. This article explores three current uses of BIM: remote collaboration, virtual walkthroughs and digital twinning.
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8 ways to run a leaner construction company
November / December 2021
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 537
Abstract: For years, contractors have been urged to explore and adapt “lean” practices originally pioneered in the manufacturing sector. The challenge and benefits of doing so remain. This article suggests eight ways to run a leaner construction company, including improving inventory management and preventing overproduction.
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Assess the risks before jumping into an M&A deal
November / December 2021
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 679
Abstract: Construction companies are no strangers to mergers and acquisitions (M&A). However, contractors must assess the risks carefully before jumping into such an arrangement. This article explores some of the risks to consider, including cultural factors and financial details.
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Entity choice – Limited partnerships and limited liability companies
November / December 2021
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 935
Abstract: Working in the construction industry involves a high degree of inherent risk. For this reason, many contractors look to either a limited partnership or limited liability company as a business structure. This article examines both entity choices with a focus on tax impact. A sidebar suggests what general partners in a limited partnership can do to minimize debt liability.
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Digitize your supply chain to better manage risk
September / October 2021
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 439
Abstract: Supply chains in the construction industry are often complex and difficult to manage. That’s why more contractors are digitizing their supply chains to improve oversight, increase efficiency and manage risk. This article explores the functionality and benefits of supply chain software and supply chain risk management software.
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5 change order pitfalls to avoid
September / October 2021
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 531
Abstract: Change orders can mean a more profitable job if the change in question is approved and paid for. When the process doesn’t go smoothly, however, a contractor risks not getting paid on time — or at all — for the extra work. This article discusses five common change order pitfalls to avoid.
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A holistic approach to fraud prevention
September / October 2021
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 647
Abstract: Construction business owners must set the tone at the top regarding a zero-tolerance, fully vigilant approach to stopping fraud. They need to permeate their organizational cultures with strong values, ethics and controls. This article discusses how contractors can take a holistic approach to fraud prevention by identifying risk, building the right defenses and allocating resources wisely.
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Year-end tax planning – Work Opportunity Tax Credit could solve two problems
September / October 2021
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 921
Abstract: For contractors, the struggle to find skilled workers is real. One way construction companies can widen their hiring pools while potentially qualifying for a valuable tax break is to complete the eligibility requirements for the Work Opportunity Tax Credit. This article discusses the rules and calculations involved. A sidebar suggests other ways to mitigate the skilled labor shortage.
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3D laser scanning poised to electrify construction industry
July / August 2021
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 435
Abstract: The construction industry is experiencing a digital transformation. Among the most electrifying technologies on the rise is three-dimensional (3D) laser scanning. These scanners measure without touching, quickly and accurately capturing details of every nook and cranny of a building or job site. This article explores a few specific areas of the industry that 3D laser scanning may impact.
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EDR bonds help ensure everyone gets along
July / August 2021
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 521
Abstract: Some project owners require contractors to acquire bonding to financially insure the agreed-upon performance on the job in question. One type of performance bond that’s been rising in prominence over the past several years is the expedited dispute resolution bond. This article explores the ins and outs of this type of bond.
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Do you know what drives your company’s value?
July / August 2021
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 660
Abstract: Certain aspects of a construction company will obviously raise or lower its value. But there are other, easily overlooked elements that affect a business valuation as well. This article examines how licensing and permitting, engineering-related assets, and goodwill drive value.
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2021 tax planning – Start early by reviewing key ARPA provisions
July / August 2021
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 937
Abstract: With all that’s changed over the past year or so, now’s a good time for construction company owners to start thinking about their 2021 tax returns. One recent major piece of pertinent legislation is the American Rescue Plan Act (ARPA). This article reviews key ARPA provisions of particular interest to contractors. A sidebar points out that the ARPA contains funding for infrastructure projects.
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4 considerations when assessing your accounting system
May / June 2021
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 446
Abstract: It’s more important than ever for construction companies to leverage their accounting software to stay solvent, compliant and competitive. This article offers four points to consider when determining whether an accounting system needs an upgrade: project needs, remote access, integration and vendor support.
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The “Construction Manager as Constructor” delivery method
May / June 2021
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 540
Abstract: Design-bid-build and design-build are still the two most common project delivery methods in construction. Alternative models, however, are gaining in popularity. This article explores the Construction Manager as Constructor model, which engages the general contractor during the design phase but with some key differences from design-build.
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Should you partner up with a PEO?
May / June 2021
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 667
Abstract: Most construction companies excel at their stated purpose. Where many struggle is with “other stuff” such as recruiting and hiring, payroll processing, and employee benefits and workers’ compensation. This article explores the benefits and risks of partnering with a professional employer organization to better manage employment-related tasks.
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The research credit – Get more from innovation with this tax break
May / June 2021
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 943
Abstract: Construction companies may not view themselves as “cutting-edge innovators” in the vein of software developers or medical researchers. But contractors can qualify for the research credit to substantially lower their tax liability. This article explains how the rules define qualified activities and expenses when claiming the credit. A sidebar reminds readers of another valuable tax break: The Employee Retention Credit.