Many people start construction businesses because they want to control their own destinies. They’re willing to work hard and put in long hours, knowing their efforts will directly influence their companies’ success and their own financial rewards. Some are inspired and mentored by business owners they’d worked for earlier; others go out on their own to escape incompetent or oppressive managers.
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Topics: Advisory, Construction, development, leadership, Uncategorized
On November 22, 2016, a federal judge in Texas issued a nationwide injunction blocking the Department of Labor's rule that would require overtime pay for millions of workers. The regulation was scheduled to take effect on December 1, 2016.
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Topics: overtime rule, Advisory, Department of Labor, Employment, Uncategorized
Preventing accidents and promoting safe practices on jobsites are among the highest priorities of any responsible contractor.
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Topics: Advisory, Construction, construction policies, contractor safety, Uncategorized
Ask employees whether padding expense account reports is wrong and just about everyone will say “yes.” Yet inflated expenses continue to cost businesses thousands of dollars annually. For this reason, every company must establish the right policies to stop it.
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Topics: Advisory, Expense Padding, Uncategorized
For the first time in years, a general contractor recently visited a construction equipment show. Exhibitors were promoting the benefits of new vehicles and equipment equipped with “telematics.” The word, they explained, refers to the transmission of information from machine parts to a central database.
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Topics: technology, Advisory, Construction, Uncategorized
Common issues
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Topics: Advisory, Construction, Uncategorized
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Topics: Buckhead, Advisory, Atlanta, Construction, Downtown, Georgia Dome, Midtown, Real Estate Development, Uncategorized, West Midtown
The lure of creating a joint venture as a way to take on a larger-than-normal project is appealing and can create a way to reach large-project goals much easier. Joint ventures may allow you to expand geographically, may boost your working capital and may even spread the risk a bit. But a joint venture requires a leap of faith and serious thought. Following are some things to consider before taking the joint venture "leap":
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Topics: Advisory, Construction, Joint Venture, Uncategorized
Some liabilities may be out of sight, but they should never be out of a lender’s mind. For example, a borrower’s balance sheet won’t list contingent costs, pending claims or underfunded accounts. Proactive lenders search for undisclosed risks to get a complete assessment of their borrowers’ financial health. Here are some items you might unearth.
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Topics: Accounting, Advisory, Commercial Lenders, CPA Assurance, Liabilities, Uncategorized
Skimmer frauds cost U.S. businesses billions of dollars annually, according to a report released by the Association of Chartered Certified Accountants USA (ACCA) and Pace University in February. The average loss per skimmer scam was roughly $50,000 in 2011, up from $30,000 in 2010. This trend shows no signs of stopping.
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Topics: Accounting, ATM, Advisory, Borrowers, Card Readers, Commercial Lenders, Electronic Payments, Fraud, Fraud Detection, Skimmer Scams, Transactions, Uncategorized