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
As Georgia and the nation’s economy continues to bounce back from the financial crisis a few years ago, growth in Atlanta and the state is thriving. Natives and newcomers alike have become accustomed to data that tells them people are flocking to the peach state. And the evidence is reflected at every turn; highways are multiplying, cranes are lifting and buildings are gleaming. Needless to say, development in Georgia is one hot topic.
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Topics: Atlanta, Construction, Georgia, real estate, Shortage, Skilled Labor, Uncategorized
Contractors by their nature and occupation have a need to be in control. Nearly every project includes a struggle to maintain control of costs, safety and quality.
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Topics: Project Management, Construction, construction advisory, Uncategorized
The United States is facing consequences from decades of deferred maintenance and underinvestment in infrastructure. At the same time, available public fund levels for such projects are low and resistance to increased taxation is high.
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Topics: public-private partnerships, Construction, infrastruction, Uncategorized
In the construction industry, most of the day-to-day action takes place in the field. So it’s only natural that contractors are eager to find mobile apps for smartphones and tablets that can help them work better. In fact, Smith & Howard's recent survey of Georgia construction companies shows that 91% of respondents are using iPads or tablets.
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Topics: technology, Construction, Uncategorized
After 10 years in the field, a remodeling contractor had worked on quite a few jobs. Some had been set up as fixed-price contracts and others had been performed on a cost-plus basis. Looking to improve his company’s financial performance, he asked his CPA to review the pros and cons of both formats and to recommend the best approach.
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Topics: Construction, construction accounting, Uncategorized
In 2005, Congress passed the Energy Policy Act. The law created a tax incentive tied to the design or installation of energy-efficient interior lighting, HVAC, hot water or building envelope systems in commercial buildings. Section 179D of the Internal Revenue Code still allows qualifying businesses to deduct up to $1.80 per square foot for eligible projects placed into service between 2006 and 2016.
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Topics: 179D, Construction, Tax, tax deductions, Uncategorized
The owner of a homebuilding company in an area known for its natural beauty recognizes the importance of sustainability. She’s diligently worked at qualifying and promoting her jobs as certified under Leadership in Energy and Environmental Design (LEED), but it isn’t easy keeping up with the evolving requirements.
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Topics: Advisory, Construction, Green Building, LEED, Uncategorized