Executive Summary: Construction equipment is a necessary tool to perform many types of construction work. How to acquire the equipment has a significant effect on the financial aspect of a company. There are many options which should be considered when temporarily or...
Inventory Tracking: A Money Saver
Executive Summary Construction companies have inventories that should be managed to improve efficiency and, in turn, improve the bottom line. Consider a mobile solution or at least one that gets away from the clipboard. How it was. My parents ran a small and...
Credit Unions versus Banks
Executive Summary: A credit union is a viable option for many small businesses. Consider the advantages of a credit union over a traditional bank. What is a credit union? It’s “big bank lite”. It’s a bank with checking accounts and savings accounts, with mobile...
Escrowing Bid Documents: What, Where, How, Why, & When?
Executive Summary: Escrowing your bid documents and estimate calculations allow the contractor and owner to review all documents relied upon and created by the contractor as of bid day. If this method of price evaluation is accepted by the owner, it can be an...
Users of Your Financials: What They’re Looking At
Executive Summary: Some parties may require their own review of your financial reports before doing business with you. The two documents of interest to these parties are the income statement and the balance sheet. The major items they’re looking at are briefly...
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...