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The Basis of ContractorsSuccess
Increase in Project Size 37
Change in Geographic Area 49
accounting function accounting systems accounts receivable administration and accounting alter ego amount architect balance sheet bid lists bidders big job billing billing procedures board of directors bonding company bookkeepers bookkeepers and accountants borrowing business risk can't cash flow planning causes of contractor checks and balances company's computerized Computerized Accounting condominium construction business construction companies construction enterprise construction industry construction operations construction organization contract contract documents contractor failure contractor needs contractors don't contractors take cost control system debit and credit declining marketplace defined in contract didn't doesn't don't done electronic data processing elements of contractor employee benefits EQUIPMENT COST CONTROL equipment costs equipment is idle estimated evaluate evaluate contract profitability events and decisions expanding experience false economy field management financial statement firm fiscal force-main functional areas growing growing construction growing contractor growth home office HVAC I've seen contractors idle equipment increase incurred internal reports invoices involved isn't it's job cost larger projects liabilities line of credit losing money loss managerial maturity manual system marketplace middle managers million month number of contractors often opening a regional operations organization originally estimated profit outside accountants outside members overhead owner owner's representative paid party payables payment payment process percent percentage of completion percentage-of-completion method performance performance bond person prequalified primary functional areas problem profit profit margin project manager project size punch list put a contractor reasons record regional office remote job replacement replacement cost Replacing key personnel requisition responsible retainage risk risks involved safety valve sewage treatment shop drawings smaller jobs start start-up start-up contractor subcontract successful successful construction business successful contractor surety things a contractor three primary functional top management Transition to Computerized type of construction usually volume volume driven widget won't you're