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How the Courts Rule on Project Delays
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,...
Using Your ROI To Find Your Company’s Profitability
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...
The Importance of Knowing Your Company’s ROI
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...
Who Pays for a Property Loss? Part 2
In Part 1, we discussed the major difference between Liability Insurance and Performance Bonds. In addition, we reviewed the steps the Surety must...
Who Pays for a Property Loss? Part 1
Depending on the type of construction project, the General Contractor may be required to provide both General Liability (GL) coverage along with...
Liquidity Ratios for Contractors (Part 2)
Last week we explored the types of financial ratios available to the Contractor and began investigating liquidity ratios. This week, we will continue...
Liquidity Ratios for Contractors (Part 1)
Financial statements report the condition of a construction company and serve as a basic measurement of the company’s strength or weakness. To...
How Bonded Principals Respond to Labor & Material Payment Bond Claims
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...
A General Guide to Surety Bonds
Sureties are a specialized division within the insurance industry that work with Contractors to underwrite and provide bonds. When working on a...