« Notification of Contract Change or Delay Form | Main | Construction Budgeting »
Typical Transactions and Their Effects on a Contractor's Financial Condition
As part of any soon-to-be-contractor’s education is the topic of Financial Management. Since the inability to pay bills is the fundamental reason for bankruptcy, it tops the list of all high value seminars for construction firms.
Knowledgeable middle managers in finance make a difference in large firm’s success. Again, this should be a primary area of focus for most firms.
Review the following transactions and see the effect on the financial health of a contractor. We assume a cash basis of accounting and cash transactions
For the rest of the article, please send an email requesting "Typical Transaction" tomstevens@stevensci.com"> mstevens@stevensci.com
See our 150+ Best Practice Analysis and Library. It is an assessment for contractors seeking better ways of managing their contracting business. See our E-Store link below. 50+ page report and listing of 150+ Best Practices is included.
Read McGraw Hill's 400+ page book . "Managing a Construction Firm on Just 24 Hours a Day”. It includes 170 Best Practices Used in Construction Contracting with over 100 illustrations and examples. We include a CD of 60 Excel Templates when you buy the book from our website. We also include our library of forms and 5 online courses.
The book is available for immediate shipment. We do take international orders.
See our secure Miva / EarthLink / Card Services International E-Store: http://stevensci.com/Merchant2/merchant.mvc?Screen=SFNT&Store_Code=SCII
Look for our new book, "The New Business Model of Construction Contracting" in 2007..
Take our Free Sample E-learning course for construction. Go to constructioncbt.com
Matt Stevens is a management advisor who works only with construction contractors. He has performed training and business consultation for the contracting community since 1994. Matt can be reached at mstevens@stevensci.com.">mstevens@stevensci.com.
search terms: Pre-construction, post-mortem, lessons learned, Managing a Construction Firm, Profit Strateg, Estimating, Project Manage, Accounting, Bidding, Pricing, Labor Rates, Financ, Account,
Posted by Matt Stevens at April 9, 2006 2:04 PM