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On public jobs, the halfway point is a milestone which, when reached, requires a reduction of retainage from all subsequent payments. Private contracts, on the other hand, treat retainage according to the contract. But nothing prevents you from negotiating a similar reduction at 50% completion.
Most residential construction business owners will have to work until they die, without enough accumulated investments to support themselves during retirement. But it doesn't have to be like that.
Few contractors do, but Shawn McCadden advocates for more transparency if (a big "if") your company has its books in order.
Doing a paper-and-pencil estimates on the fly can actually serve a good purpose ... just not all the time.
Contractors are often their own worst enemies. Here are four ways they make it harder for their businesses to succeed.
Now that the economy seems to be improving, contractors will need to alter the "do more with less" mentality they used during the recession.
Setting up a single screen with your calendar, email, and links to your favorite websites can save you hours of surfing.
I discovered one of the most dynamic and energetic groups of like-minded business people I’d ever encountered.
Tips on how to optimize your website navigation to help your audience—as well as the search engines—find your valuable content more easily.
The Internal Revenue Service decreased the standard mileage rates used for computing the deductible costs of operating an automobile for business.
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