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More stories about Finance

  • WIP Your Company Into Shape

    How often has this happened to you: After what looks like a really good month, you go out and buy an expensive piece of equipment, like a truck. Then the following month is a really bad one, and you wish you hadn't.

  • QuickBooks Pro vs. Contractor: Which Is Better?

    The answer, says a Maine business-systems consultant, depends on whether you like packaged reports or prefer to customize the program to match the way you do business.

  • Business

    Accrual vs. cash accounting; finding the best remodeling customers

  • Why Subs Must Carry Liability Insurance

    As the general contractor, you have liability insurance to protect you from claims for bodily injury or property damage caused by your negligence. So why, you ask, is it important for your subs to have liability insurance, too?

  • Business

    Saving on workers' comp; putting subs on the team; improving efficiency with the 80/20 rule

  • Allocating Overhead to Labor Makes Financial Sense

    If I were to ask ten contractors how they calculate and apply overhead (indirect expense) to their estimates or time-and-material work, I would get ten different answers. If I were to press further as to how they arrived at their numbers, most of their methods would turn out to be arbitrary or have...

  • Making the Markup Move

    Are you charging what your work is worth? Seven veteran builders tell how they learned to stop undercharging and get serious about turning a profit.

  • Legal: Death of a Contractor

    Death of a contractor

  • B+A: It Takes a Villa

    Brenneman & Pagenstecher has an open book estimating policy. Peter Pagenstecher says some refer to this method as time and materials with a fixed fee.According to the partners, there are several advantages to this system.

  • Making Sense of the Liability Insurance Crisis

    Insurance costs have gone through the roof, and availability is declining. What's behind the crisis, and how can builders continue to thrive in spite of it?