A contractor in a busy urban area was worried. A local electrical subcontractor, with whom he’d worked, had been victimized by fraud. Over a period of years, two employees had been stealing inventory, tools and equipment. The loss had amounted to more than $100,000.
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Topics: commercial crime insurance, Construction, Uncategorized
If you have construction equipment that’s sitting idle in your yard, it’s costing you money to store, maintain and insure. Although a certain amount of downtime is inevitable when project workflow varies, you’re wise to look for ways you can put idle assets to profitable use.
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Topics: Advisory, Construction, equipment, Uncategorized
They say you can’t predict the future. Technically, that’s true — no one can say, within every minute detail, what will happen tomorrow. But, when it comes to their cash flow, contractors have to at least try.
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Topics: Advisory, cash flow, Construction, forecast, Uncategorized
Georgia’s Purchasing Managers Index (PMI) — a reading of economic activity in the state’s manufacturing sector — decreased by 8.3 points in May to 63.8. Even with the decrease, the reading is still significantly above 50 - the benchmark for expansion. New orders and production reverted to more moderate paces, while employment remained consistent with additional job creation.
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Topics: manufacturing, manufacturing activity, PMI, Uncategorized
Earlier this year, the Financial Accounting Standards Board issued an update that will significantly change the way in which lessees and lessors account for leases. The change, which takes effect in 2020, will require businesses to recognize lease assets and liabilities on the balance sheet and to disclose key information about leasing arrangements.
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Topics: buy vs. lease, equipment, manufacturing, Uncategorized
We’re at the onset of the next big industrial revolution—and the widespread adoption of new technologies, including Internet-connected devices, machine learning and robotics in the manufacturing industry. Strides in automation have significantly boosted U.S. manufacturers’ output in recent years, and the industry is just beginning to understand and exploit the full potential of technology and disruptive supply chain models to reinvent manufacturing as we know it. [[{"type":"media","view_mode":"media_large","fid":"2516","attributes":{"alt":"","class":"media-image","height":"223","style":"float: right; margin: 10px;","typeof":"foaf:Image","width":"335"}}]]
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Topics: artificial intelligence, manufacturing, Uncategorized
Building a Resilient Organization – A Toolkit for Nonprofit Boards to Manage Transformational Change
Many, if not most, nonprofit organizations will encounter board or leadership turbulence at some point in their lifecycles. Organizational transition, the evolution of mission or executive departures are inevitable. There are times when the board must make challenging decisions and protect the organization from financial and organizational risk, as well as potential reputation damage.
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Topics: nonprofit boards, Nonprofits, Uncategorized
Most nonprofits rely on an investment committee to oversee their investment portfolios. This oversight group can have a big impact on real long-term wealth preservation and ensuring resources are available to realize organizational goals and aspirations.
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Topics: investment committees, Nonprofits, Uncategorized
One of the biggest hurdles to embracing technological change—including the IoT and beyond—is figuring out how to pay for it: 31 percent of surveyed manufacturers rank budget and resources as their biggest challenges to applying IoT capabilities.
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Topics: R&D tax credits, manufacturing, Tax, Uncategorized
Georgia’s Purchasing Managers Index (PMI) — a reading of economic activity in the state’s manufacturing sector — decreased minimally by 0.3 points in April to 72.1. National and southeast PMIs slid several points.
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Topics: manufacturing, manufacturing activity, PMI, Uncategorized