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Despite the fact there is a set project schedule, we often find that construction projects are delayed and finish later than expected. As a result,...
Last week, we learned about calculating your company’s Return on Investment (ROI). We discussed that, in general, the lower the risk, the lower the...
What is the appropriate compensation for the Owner of a construction firm? Is a healthy salary plus expenses enough to justify the business risk that...
In Part 1, we discussed the major difference between Liability Insurance and Performance Bonds. In addition, we reviewed the steps the Surety must...
Depending on the type of construction project, the General Contractor may be required to provide both General Liability (GL) coverage along with...
Last week we explored the types of financial ratios available to the Contractor and began investigating liquidity ratios. This week, we will continue...
Financial statements report the condition of a construction company and serve as a basic measurement of the company’s strength or weakness. To...
A surety bond is a three-party contract between the Surety, the Principal, and the Obligee. The Surety is the party that issues the Performance Bond...
Sureties are a specialized division within the insurance industry that work with Contractors to underwrite and provide bonds. When working on a...