Tag: Controllers and Credit Managers

  • How to Find Out How Much Money Your Construction Company Can Borrow

    How to Find Out How Much Money Your Construction Company Can Borrow

    Taking on new projects or jobs places a large cash burden on construction companies, particularly for subcontractors that are forced to “float” the project costs up front. Since the amount of cash needed will vary from day-to-day (based on the cash flow of the individual project, as well as the company’s overall cash flow from…

  • Top 3 Causes of Hidden Losses for Contractors on Construction Projects

    Top 3 Causes of Hidden Losses for Contractors on Construction Projects

    The construction industry operates on such razor-thin margins that the slightest issue or problem on a job can be the difference between making money and losing money. The construction industry is also very complicated, and this complexity allows problems to be “hidden” or buried in the everyday operations of an already complicated business with a…

  • Collection Tips for Construction Industry Managers and Business Owners

    Collection Tips for Construction Industry Managers and Business Owners

    Many, if not most, of the construction payment issues and delays that arise can be directly attributed to the circumstances created by the project payment chain. Read on to learn a little bit about why customers don’t pay and to learn some collections tips specific to the construction industry.

  • What is Percentage of Completion Project Accounting?

    What is Percentage of Completion Project Accounting?

    The Percentage of Completion (POC) accounting method is often used by construction companies to keep track of their projects. Many construction industry accounting professionals prefer the POC method over the Completed Contract Method because it provides a more realistic view of the company’s true financial status, especially on projects with extended timelines. This is accomplished…

  • Construction Financial Manager Review | 05-19-2017

    Construction Financial Manager Review | 05-19-2017

    This week’s Construction Financial Manager Review features a selection of interesting articles from across the industry this week. Our goal is to make it easy for all construction financial professionals to stay informed about what matters to them.