A Perfect Storm: How the Surety Cycles Impact Contractors

By Randy Collins | October 19, 2016 |

By Daniel Oaks of Nieslon, Hoover & Company, Inc. The surety market is a market of cycles. Similar to the insurance market, the surety market has its ups and downs or its hard markets and soft markets. However, the insurance and surety market do not necessarily coincide. As a contractor, it is important to understand these cycles and specifically how surety cycles impact contractors. Understanding How Different…

How to Improve Heavy Highway Construction Reporting to Save Time & Money

By Randy Collins | September 13, 2016 |

Have you ever questioned the importance of heavy highway construction reporting? Think about this – each day, project superintendents for heavy highway projects come in and prepare for a typical day. It’s their job to have a constant pulse on what’s happening. Daily, the superintendent and project managers work with different people to attain the right information to inform their decisions – daily…

Thinking Ahead: The Value Of Maintenance Programs for Construction Equipment

By Randy Collins | July 8, 2016 |

Preventative Maintenance Programs for construction equipment save contractors time and money. Are you leveraging the most advanced equipment maintenance tools to maximize your profits? Unplanned Maintenance vs. Planned Maintenance There are two types of maintenance – planned & unplanned. Unplanned maintenance includes machinery breakdown or emergency maintenance for project equipment like crawler excavators, wheel loaders or dump trucks. In these situations,…

Top Risks Facing General Contractors in 2016

By Randy Collins | June 8, 2016 |

Top Risks Facing General Contractors in 2016 & Strategies to Mitigate Risk General contractors already face difficulty when it comes to getting paid – not to mention getting paid on time. Scope of work issues, inspection problems, change order disputes, contract disputes and a number of other factors can greatly impact the profit margin for a construction project. Each year…

3 Ways Construction Accounting Software Can Save You Money

By Randy Collins | May 9, 2016 |

In the construction industry, projects are the lifeblood of the company. One of the critical management functions for a construction executive is making sure that financials are tightly managed. One way to improve profitability is to utilize accounting software that is designed exclusively for the construction industry. The appropriate construction accounting software solution will help improve the efficiency and profitability…

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