The Bridge You can walk onto several construction job sites and find a few tools that serve multiple purposes. For instance, a power drill   can be used for drilling holes, and by changing the bit, it can also be used to tighten or loosen screws. Similarly, a pipe wrench can be adjusted to various sizes, and a circular saw performs different tasks with a blade change. In each case, the tool is the bridge. Same tool, different uses. In construction accounting, the tool known a

In a few recent posts (listed below), information was presented to help construction contractors understand how implementing the right systems in their financial dealings allows them to take control and steer toward building a debt and risk-resilient construction business.   The Hidden Cost of Debt in Subcontracting (Understanding actual job costs up front reduces the need to borrow just to stay afloat.)   Budgeting as a Financial Risk Management Tool (A proactive budget le

Let’s break it down. Using your noodle  means using your intelligence, brainpower, and thinking ability. Using your books  means using...

I watched the reaction in his eyes and face when I told my friend that one of the criteria our team uses when determining whether we will...

Before delving into the tips for better delegation, let’s clarify one thing: delegating to others takes time and practice – it is an...

This is the second part of a five-part series; if you haven't read the first part yet, you can go here. Discern Your Numbers I asked...

An unorganized or messy job site indicates to owners, potential clients, visitors, suppliers, and staff that efficiency is lacking. Here...

Some tend to think of “profit” as a dirty word. We disagree! Dictionary Examples Dictionaries provide a basic understanding of the...

The Financial Documents GCs Want to See While it may seem that General Contractors who ask for your financial information are using a...

[updated 11/24/21] Looking back on holiday traditions is among the “traditions” of many. Right? So, as we were looking forward to the...