Are you a subscriber but don’t have an online account?

Register for full online access.

 
 
 
 

More stories about Finance

  • Retainage: How to get Some When You're Halfway Done

    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.

  • More Than 'Tips' Needed to Improve Energy Efficiency

    A thorough, step-by-step analysis that treats the home as an integrated system is the only route to true performance improvements, including lower energy bills and better indoor air quality.

  • Seven Reasons Why Most Contractors Will Never Be Able To Retire On Their Own Earnings

    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.

  • 3 Reasons Contractors Don't Share Financial Info With Employees

    Few contractors do, but Shawn McCadden advocates for more transparency if (a big "if") your company has its books in order.

  • Why 'Energy-Saving' Tips Suck

    The truth is that commonly espoused energy-saving tips are worthless. We look at four common offenders.

  • Four Common Delusions Among Contractors

    Contractors are often their own worst enemies. Here are four ways they make it harder for their businesses to succeed.

  • Take the Discount

    Most lumberyards offer a discount for early payment. Don't let that 2% discount go to waste.

  • Nothing but Net

    Judging a company's profitability based on gross profit can be misleading. Your bottom line numbers are a better indicator of performance. Here's why.

  • Paid in Full?

    What to do when the scope of work changes and the customer disputes your claim for full payment.

  • How to Conduct a Job Start Review

    If you work with employees or subs, you need to be clear about what, exactly, the project entails and when it's expected to be completed. Everyone needs to understand. This job start package lays it all out.