In the ever-evolving landscape of federal regulations, the Build America, Buy America Act (BABA) stands out as a pivotal piece of legislation with significant implications for contractors. Enacted in 2021 as part of the Infrastructure and Investment Jobs Act (IIJA), BABA builds on its predecessors, aiming to stimulate economic...
In the world of construction, one of the biggest challenges faced by both clients and contractors is managing costs. Construction projects are notorious for exceeding budgets and timelines, causing frustration and financial strain. However, there is a solution: better client collaboration and construction preplanning. By working closely with clients...
In the fast-paced and competitive world of construction, maintaining efficient financial management is paramount for success. Construction companies face unique accounting challenges, such as project-based billing, managing fluctuating costs, and compliance with complex tax regulations. To navigate these challenges while focusing on core business operations, an increasing number of...
In today’s fast-paced world, technology plays a crucial role in enhancing efficiency and productivity in various industries, including construction. Embracing technological advancements can significantly benefit construction businesses by streamlining processes, improving communication, and enhancing overall project management. In this blog post, we will explore the various ways in which...
In recent years, the construction industry has been facing a significant labor shortage, making it challenging to keep up with the growing demand for construction projects. With the economy rebounding and construction projects increasing, it is crucial for construction companies to find ways to manage the labor shortage effectively....
As a construction business owner, it’s essential to develop strong relationships with your suppliers. Having reliable, trustworthy suppliers is an invaluable asset that can help you save time and money when managing projects. Here are some tips on how to build and maintain good supplier relationships. Communication is Key...
To ensure your business is compliant with the law, it’s important to understand the differences between employee and independent contractor tax obligations in construction. While many of the same taxes apply to both employees and independent contractors, there are some key distinctions that can have an impact on your...
Construction businesses can be dangerous places if safety is not a top priority. Every year, thousands of workers are injured on the job, and many more die as a result of unsafe working conditions. It is therefore essential for construction business owners to take steps to promote safety in...
It is not always easy to grow a construction business, especially when you have not been established for a long period of time. Sales can be a lengthy process, and filling up a sales funnel takes time that you might not always have. One of the best ways to...
While many banks claim to offer loans and lines of credit to construction industry businesses, it isn’t always easy to find one who works with construction companies. When you are planning on exploring different types of financing for your company, here are some of the things that you need...
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