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Here’s a brief glance at what you’ll find in the January/February 2012 issue…
Construction sites are inherently dangerous places. To protect their workers and bottom line, contractors must actively work at minimizing safety hazards and handling injuries appropriately. This article provides tips on implementing an effective accident prevention and response program.
This issue’s “Construction Success Story” focuses on a contractor who met with his advisor to discuss a recently passed state law that required taxpayers to file forms, as well as pay taxes and fees, electronically. He was a little worried about the transition to a paperless method. But the advisor explained that, by investing in an e-filing application that the contractor could integrate into his existing construction-specific accounting and payroll software, he could direct the e-filing program to pull information already in his records and fill out many portions of the forms automatically, thereby saving time and money and increasing accuracy.
A contractor who stays in business long enough will likely encounter a situation with an owner or developer that can’t be resolved with a simple chat. In such situations, lengthy and expensive litigation may seem inevitable — and if not that, a binding arbitration hearing. But there’s another alternative to consider: mediation. This article explains what’s involved in the mediation process, and shows how it can be quicker, cheaper, more flexible and less headache-inducing than arbitration or litigation.
Financial statements show not only where a construction company is financially, but also where it’s going. Contractors who work with their financial advisors to analyze their statements can often catch problems early on — before they turn into bigger issues. This article lists eight red flags contractors should look out for when reading their next statement, including declining equipment value, significant liability changes, and an increasing ratio of general and administrative expenses to profits. A sidebar offers a glossary of several key financial statement terms.
Construction Presentations
START-UP CONTRACTOR BUILD THE FOUNDATION FOR A SUCCESSFUL COMPANY
PREVENTING AND DETECTING FRAUD IN CONSTRUCTION COMPANIES
TAX PLANNING STRATEGIES FOR CONTRACTORS
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