Managing money in the construction sector can be like walking a tightrope. Keeping projects on budget is no easy task, given variable...

Managing finances in the construction industry is no small feat. With multiple projects, varying costs, and tight deadlines, staying on...

Construction bookkeeping is more than simply numbers; it is about ensuring that every dollar spent benefits the project's success....

Job costing is a big challenge for construction businesses, offering precise insights into project expenses and profitability. Effective...

When it comes to securing surety bonds, many business owners, especially contractors, are primarily concerned about the cost. How much...

Choosing the right surety bond provider is one of the most critical decisions a contractor or construction business will face. The right...

If you are a building contractor, you need to renew your construction bond  every year to stay in compliance and keep your business...

Bonding ability is a very important factor for contractors that determines what kinds of projects they can take on and how big they can...

If you work on public projects, a security bond is more than just something you have to do. It's an important safety measure that keeps everyone involved in a construction job safe. Even so, a lot of workers are still not sure if they need to get a bond. What really happens when a public works contractor starts working without a security bond ? Knowing about them can mean the difference between a business that does well and one that goes bankrupt. In this blog, we will talk a

When you’re preparing for a new construction project, estimating your performance bond costs  is one of the essential steps. Without...

Securing a construction bond, especially for public or large private projects, requires accurate financial documentation. Surety bonds protect project owners by ensuring contractors fulfill their obligations. Bonding companies evaluate your financial stability, experience, and track record to assess your capacity to complete the project. Contractors with strong financials receive better bond terms and lower premiums, typically ranging from 1-3% of the contract value. Proper f

Accurate and trustworthy accounting is a must for anyone in charge of managing the finances of a construction company. One popular method...