In the News

Copyright 2017

Internal fraud drains more than $3.7 trillion annually from global businesses, according to an estimate by the Association of Certified Fraud Examiners (ACFE).

Copyright 2017

Creating a formal debt management plan, rather than borrowing haphazardly, can save your firm thousands or even tens of thousands of dollars in interest.

Copyright 2017

The term "stormwater" refers to any runoff after rain or snow from a barren piece of land, an area with vegetation, or constructed areas such as paved streets and rooftops. Stormwater discharges can contain pollutants in large enough quantities to contaminate a water supply.

Copyright 2017
When business starts to increase, it's time to dig in your heels a little deeper to turn your firm's revenue growth into an upward trend -- rather than just a good month. Buying or renting a larger facility can help.
Copyright 2017

Acquiring or increasing your firm's bonding capacity can open a whole new market of jobs. It can allow you to take on a multitude of public works projects or larger, more profitable, higher-profile private jobs that require a more hearty bonding capacity than what you, or your agent, are used to.

Copyright 2017
As construction firms evolve, they quickly outgrow their first generation accounting software packages. That software was likely purchased when there was not a lot of capital on hand and not a lot of business to keep track of. If your firm needs to upgrade, making the decision can be daunting.
Copyright 2017

Sooner or later, most construction firms need financing for an expansion, new equipment or a new facility. The process of approaching a lender can be daunting, but with a few well-planned steps, you can boost your chances of successfully finding the money you need.

Copyright 2017

General contractors for big-budget construction projects look for ways to manage risks, including the possibility that subcontractors won't perform the work they were hired to do.

 Generally, that has meant shifting the performance risk to some guarantee form such as a surety bond. But there might be an alternative for risk transference: subcontractor default insurance (SDI).

Copyright 2017

Let's say you're an electrical contractor. One of your employees bumps into an unoccupied scaffold on a construction site and destabilizes it. Which actions should you take to ensure the safety of workers and avoid liability?

Copyright 2017

Financial statements are a must-have for any organization. The balance sheet reveals how much its assets and liabilities are worth based on historic costs. The income statement tells investors and lenders how profitably and efficiently the company has performed during the accounting period.

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