Articles & Publications

Credit Card Use: Having a policy can thwart misuse

When it comes to fraud in an organization, credit cards are frequently a fraudster’s tool. Because the use of credit cards is so commonplace today, there’s always the risk of improper charges to your account. Credit card misuse could. Read More >>

Show me the money – Ways to Keep Your Profits on Track

While the U.S. economy continues to improve, contractors must carefully watch their bottom lines. This means keeping track of how increases — or decreases — in profitability can affect your construction company. The following are ways for your company. Read More >>

Employee Compensation: Recruiting and Retaining Key Personnel

January 18, 2017 Construction

With the construction economy recovering, the need for experienced project managers and supervisors is increasing. Unfortunately, the last downturn drove many experienced professionals out of the industry, so qualified senior project management resources are in limited supply. How can. Read More >>

Identifying and Preventing Profit Fade

October 13, 2016 Construction

As a construction business owner, you’ve probably completed a job with high hopes only to find that the anticipated profit had somehow evaporated. That is, the costs of performing the work equaled or exceeded the revenue it brought in.. Read More >>

Construction Success Story: Contractor tired of being stonewalled on final payments

There’s nary a construction company in business that hasn’t had difficulty collecting monies owed for a project. In many instances, a contractor may be tempted to write off the bad debt, rather than spend time and effort trying to. Read More >>

Executive Sessions: What They Are and Why You Should Have Them

February 2, 2016 Nonprofit

A private conversation among board members seems to fly in the face of the openness and transparency expected of today’s nonprofits. Managed appropriately, however, executive sessions are a vital part of the board process. An executive session is essentially. Read More >>

Financial Reporting: VIE Rules Can Cause Confusion

January 19, 2016 Construction

Tuesday, January 19, 2016 For most construction businesses, maintaining financial statements that comply with generally accepted accounting principles (GAAP) is a fundamental requirement of doing business. Lenders and sureties require contractors to submit financial statements that have been certified. Read More >>

Growth Strategies: Things to Consider When Evaluating an Acquisition

October 14, 2015 Construction

Analysts tell us the construction industry has been experiencing strong merger and acquisition (M&A) activity in the past year or so. According to one study, 2014 saw more than 218 major deals (deals worth more than $50 million) in. Read More >>

Financial Literacy: Does Your Board Really Know the Numbers?

October 13, 2015 Nonprofit

Nonprofit board members have a legal obligation to the organization’s fiscal health. Yet, many struggle to fulfill their fiduciary duties related to budgeting, finance and oversight. The culprit is often a fundamental disconnect between the nonprofit and for-profit worlds.. Read More >>

Claims Management: Quick Response Is Critical When Disputes Arise

July 21, 2015 Construction projects are, by their very nature, complex processes with many variables and numerous interested parties. In any such situation, misunderstandings and disputes are often inevitable. As business accelerates these days, disputed claims are also increasing.. Read More >>