FINANCE Archives - Page 4 of 4

Is it time for my construction company to become an S-Corp? How will it benefit me?0

By Timothy Wingate, Jr., EA, G+F Business and Financial Consulting I think I’m an S-Corp, so what does that mean, and how can I find out if this is true? These questions are asked every year. My goal is to clarify how and when to use these designations. So, you’re a construction owner currently running

Cash Flow Positive: Taking Out the Stress in Chasing Payments 0

By Patrick Hogan, handle.com Arguably, one of the most stressful things subcontractors have to deal with is cash flow. Growth and sales are always on the minds of business owners–but it’s hard to make moves when liquidity is held up. Taking care of cash flow should be a priority, but it’s easy to make mistakes

Cover All Bases: Payment Protection Regardless of Political Season 0

By Patrick Hogan, handle.com Construction contractors are no strangers to uncertainty, and a split senate and congress can significantly impact the sector. Still, as we wait for changes to laws that govern payments to participants in construction projects, it’s best to be reminded of what bases to cover to protect your payments, regardless of the

Stayin’ Alive: How to Preserve a Project’s Profitability by Combatting Price Escalation 0
- FINANCE, Legally Speaking, Outlook & Trends, Payment, Risk Management
- November 22, 2022
By Michael Metz-Topodas, Saul Ewing Despite the pandemic’s wane, the construction industry is still facing price escalation volatility. Finding a path to negotiate contracts in this environment requires understanding how the problem emerged and knowing the full range of solutions and remedies to employ on current and future projects. The Problem COVID-19’s disruptive force continues
READ MORE
5 Easy-To-Implement Strategies To Reduce Financial Risk in Construction Projects0
- FINANCE, Risk Management
- July 26, 2022
By Patrick Hogan, handle.com The level of financial risk that construction businesses deal with is no joke. For every project, there’s always the possibility that you won’t net a profit or the payments get so delayed that other projects–and ultimately, your bottom line–are negatively affected. This is why more and more construction businesses put immense
READ MORE
Supply Chain Woes Don’t Have To Be Contracting Foes: Tips to Navigating Price Escalations 0
- FINANCE, Legally Speaking
- July 26, 2022
By Melissa Ogburn, Hall Booth Smith, PC As I was talking to a friend the other day, he reminded me that it was not all that long ago that subcontractors were able to offer price guarantee estimates and bids. Now, it seems like materials costs are increasing on a weekly, if not daily, basis. How
READ MORE