Executive Summary Starting a construction business has its unique requirements. These plus the norms will get you up and running at your new construction business. Step 1. Do You Know What You’re Doing? This is the first question to ask yourself as you are getting...
“Boosting” Job Profits on Equipment Purchase – on Paper
Executive summary. Whether in a bid situation or a change order negotiation, there is a way to boost your profit on paper by not “job costing” your equipment. Let’s talk depreciation. And whatever you do, make sure to talk to your CPA after reading this. It’s much...
FAQ
FAQYour Frequently Asked Questions - AnsweredClaim SupportIn the context of the services that SJCC provides, a construction claim is any event in which the Contractor loses money at the sole fault, or partial fault, of the Owner (in the Contractor's opinion). The...
Balance Sheet – Knowing the Basics of Liabilities
Executive Summary: The balance sheet says a great deal about a company. If you’re a business owner you better know how to read your own, as well as that of your clients and subcontractors. This week we discuss the Liabilities section. Just the basics. My recent...
In Choosing a Software – Best Advice is to Talk to a Friend
Executive Summary: There exists construction software to do nearly all functions in your construction company. Your best source of software advice: your friends in the industry. I’m drowning in choices. There exists software to “help” your construction company in many...
Including the Portion of Corporate Overhead in a Bid
Executive Summary: Determining how to account for the portion of corporate overhead to be included in a bid is a calculation that every company makes a bit differently. Learn the definition of corporate overhead and how it is included in a bid. What is corporate...