by FLCC Team | Jul 9, 2020 | Industry Insights
COVID or no COVID, your office needs to maintain order and cleanliness to function properly and make the appropriate good impressions. Several decades ago, Chicago Tribune columnist Ann Landers publicized Miriam Hamilton Keare’s Golden Rules for Living. The rules...
by FLCC Team | Oct 3, 2019 | Industry Insights
Your business fiscal year is almost always your tax year, but it doesn’t have to be, and there are many benefits in the construction industry to having them end in different quarters. This is particularly true with respect to hiring and maintaining employees....
by FLCC Team | Apr 11, 2019 | Industry Insights
“Profit Fade” occurs when jobs close with lower gross profits than was originally estimated. This often occurs when companies do not maintain Work in Progress Reports (W.I.P.s). The W.I.P. is a tool that shows estimated gross profits for each project,...
by FLCC Team | Jan 17, 2019 | Industry Insights
Last week we hosted a private meet and greet for The Bluebook at Construction Connection’s Coaching Center, the SHED, which stands for Sharing Education. The out of town contractor was Life Time Construction, the Construction Management division of Life Time Clubs....
by FLCC Team | Jul 19, 2018 | Industry Insights
by Christopher T. Marrie, HBK CPAs & Consultants Cost accumulation and management is critical to a strong financial reporting system in any industry. For construction contractors of any size it is one of the most essential functions of the business. Proper job...
by FLCC Team | Mar 29, 2018 | Industry Insights
Traditionally in construction, employers offer separate paid time off benefits to employees which including paid vacation, sick leave and personal days. However, in the past decade, many employers in our industry have moved to a Paid Time Off or “PTO” benefit that...