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  • 6 ways to fortify your cybersecurity defenses

    Summer 2022
    Newsletter: On-Site

    Price: $225.00, Subscriber Price: $157.50

    Word count: 449

    Abstract: Construction companies of any size are a prime target for cybercriminals. And recent events have only elevated the threat level. This article suggests six ways that contractors can fortify their defenses, including educating employees, keeping software updated and exploring the need for cybersecurity insurance.

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  • What is bonding capacity, really?

    Summer 2022
    Newsletter: On-Site

    Price: $225.00, Subscriber Price: $157.50

    Word count: 546

    Abstract: Contractors are urged to manage their financials carefully to preserve and even increase their bonding capacities. But sometimes construction company owners lose sight of what really goes into bonding capacity. This article discusses the three Cs of bonding and suggests some ways to boost capacity.

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  • Proper accounting for change orders makes all the difference

    Summer 2022
    Newsletter: On-Site

    Price: $225.00, Subscriber Price: $157.50

    Word count: 638

    Abstract: For contractors, change orders can be both disruptive and profitable. It all depends on how well a construction company manages the documentation and approval process. This article addresses the critical matter of properly handling change orders from an accounting perspective.

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  • No more drama – Build stability and value into your succession plan

    Summer 2022
    Newsletter: On-Site

    Price: $225.00, Subscriber Price: $157.50

    Word count: 938

    Abstract: One need look no further than the hit TV show “Succession” to see how the lack of a succession plan can tear a family and business asunder. Although the show is obviously dramatized, the dangers of failing to think ahead about leadership change are anything but fictional for construction businesses. This article discusses several ways to preempt the drama and put a solid succession plan in place.

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  • Should you invest in custom software?

    Spring 2022
    Newsletter: On-Site

    Price: $225.00, Subscriber Price: $157.50

    Word count: 429

    Abstract: Contractors are regularly urged to buy the latest and greatest high-tech solutions, but no software tool is perfect. Some construction business owners might consider engaging an outside firm to help them develop a customized software solution. This article explores some of the factors to consider when weighing the “buy vs. build” decision.

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  • Strategize to manage materials and labor costs

    Spring 2022
    Newsletter: On-Site

    Price: $225.00, Subscriber Price: $157.50

    Word count: 537

    Abstract: The COVID-19 pandemic’s ongoing impact on supply chains and labor have made managing project costs increasingly difficult for construction companies. In today’s climate, getting supplies and people to jobsites when they’re needed calls for more planning. This article suggests various strategies to consider.

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  • A good idea: Buy-sell agreements

    Spring 2022
    Newsletter: On-Site

    Price: $225.00, Subscriber Price: $157.50

    Word count: 675

    Abstract: Life comes at you fast. Any one of a wide variety of dire events could pose a major problem to any construction company with multiple owners. That’s why having a buy-sell agreement is a good idea. This article explores the valuation provision of such an agreement.

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  • Infrastructure projects – A review of bidding methods for federal contracts

    Spring 2022
    Newsletter: On-Site

    Price: $225.00, Subscriber Price: $157.50

    Word count: 906

    Abstract: With the signing of the Infrastructure Investment and Jobs Act in late 2021, things are looking up for federal construction projects. For construction companies considering getting in on the action, the journey will begin as most jobs do: with a bid. This article reviews the two major bidding methods for federal contracts: sealed bidding and contracting by negotiation. A sidebar looks at some variations on these two methods.

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  • Survey says: It’s time for a digital transformation strategy

    Winter 2022
    Newsletter: On-Site

    Price: $225.00, Subscriber Price: $157.50

    Word count: 433

    Abstract: A recent industry report found that 96% of contractors across the globe have a digital transformation strategy in place. Essentially, this means they’re transforming their businesses into “digital enterprises.” This article examines some key results from the report and discusses the importance of wise investment in integrated digital tools.

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  • 9 common insurance policies for contractors

    Winter 2022
    Newsletter: On-Site

    Price: $225.00, Subscriber Price: $157.50

    Word count: 531

    Abstract: Construction companies need insurance, but what kind? The answer depends on many factors, including the size and structure of the business and industry-specific hazards. To help contractors assess what they have and what they might need, this article reviews nine common insurance policies for construction businesses.

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  • Look into licensing before bidding out of state

    Winter 2022
    Newsletter: On-Site

    Price: $225.00, Subscriber Price: $157.50

    Word count: 661

    Abstract: Construction companies that work near one or more state borders may eventually want or need to bid on out-of-state projects. Before they start figuring out how to get workers, equipment and supplies to the jobsite, contractors need to look into licensing. This article explores the requirements, process and paperwork involved.

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  • Construction accounting – The finer points of a classified balance sheet

    Winter 2022
    Newsletter: On-Site

    Price: $225.00, Subscriber Price: $157.50

    Word count: 951

    Abstract: Clear, accurate and properly created financial statements are critical for construction companies. Contractors can help themselves and their financial-statement users by creating a classified balance sheet. This article explores important accounting concepts related to classified balance sheets. A sidebar points out what sureties look for in a contractor’s financial statements.

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  • Digitize your supply chain to better manage risk

    Fall 2021
    Newsletter: On-Site

    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

    Fall 2021
    Newsletter: On-Site

    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

    Fall 2021
    Newsletter: On-Site

    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

    Fall 2021
    Newsletter: On-Site

    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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