Estimating: From Yellow Pad to Excel Spreadsheet
As your business grows, you'll need to develop an estimating system that does more...
Nothing but Net
Judging a company's profitability based on gross profit can be misleading. Your...
Protecting Profits in Your Construction Business
Let's begin this month by reviewing some basic financial concepts and benchmarks.
Determining Your Break-Even Point
Like many small contractors, you probably want your business to grow and produce...
Looking Beyond the Bottom Line
Too often, business owners will print a profit-and-loss statement (P&L, also called an income statement) and then look at just the bottom line net profit.
Preventing The Cash-Flow Crunch
If you don't front-load your payment schedule, you may find that the cash crunch...
Accounting Habits of Successful Contractors
A CPA explains how to organize your monthly schedule so that you’re always keeping an eye on job costs — and turning a profit.
Tracking Your Profit
Using the percentage complete method, you can accurately track revenue and profit throughout your jobs.
A Simple System for Turning a Profit
There are only so many billable hours in a year. By including overhead and profit in labor charges, a small construction company can ensure that all its costs are covered.