Accounting Avoidance

Accounting Avoidance

Accounting Avoidance Builders as much as bakers need to know where the money is coming from and where it is going. If you are to run a construction company, you must have accounting systems for recording and analyzing your income and expenses in an organized way. Only...
Choosing Your Form of Business

Choosing Your Form of Business

How Do I Get Started? Many builders slide into business naturally as “sole proprietors.” You automatically become a sole proprietor when you contract for your first project. You are now in business, and you are the sole owner or proprietor of the business.  What is...
Identifying Overhead Costs

Identifying Overhead Costs

Identifying Overhead Costs Identifying overhead requires, first of all, tracking it in your accounting records. From your accounts, you can pick up your disbursements for both fixed and variable overhead. But like direct costs, overhead includes slippery items –...
Estimating and Bidding

Estimating and Bidding

Gathering Information Capable builders do not roughly estimate/guesstimate the costs of building projects they submit to clients. They calculate the costs. They figure the charges. They nail down those numbers and get them right.  You will hear all kinds of...
Insurance

Insurance

Insurance To succeed financially as a builder you need to not only earn a fair salary and profit job after job, but you also need to avoid having money go back out the door in big chunks on completed jobs as a result of sloppy practices, errors, and accidents.  You...