Executive Summary There are basic differences between cash and accrual accounting. Here’s a quick review. What is Accounting? Sounds simple, right? It’s just keeping track of money in a business. And money only does one of two things – it either goes in the bank...
Executive summary. An accurate job cost projection is vital to Company survival. And it’s not too complicated if you know the budget, the timing of your costs, and can do a little bit of estimating. It’s NOT about blindly relying on quantities completed! What’s a...
Executive summary. Many video conferencing softwares are in existence. Which one suits you best? Which ones are easiest to use? Here’s one users’ opinion. What do these softwares do? The concept is simple: hold a “face-to-face” meeting with colleagues from anywhere...
Executive summary. Extra work on a construction project must be delivered at fair and reasonable prices. Owners should know they have this right in their Contract, and Contractors should know the owners have this right too. Here comes the extra work. A new scope of...
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...
Executive summary. There’s almost nothing more important than notifying your client, in accordance with the Contract, of a time and/or cost impact. Learn how to do it here. What is “notice” and why is it so important? If you had a contractor working on your home and...