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Construction Edge

Managing Indirect Costs Calls for a Keen Eye ... and a Plan

Many construction company owners feel that, based on experience, they know their indirect costs—those expenses not specifically allocated to a job, such as depreciation, repairs and training (also known as overhead). Yet, the money you're spending on indirect costs might...

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An Escalation Clause Can Help Curtail Materials Cost Woes

The price of construction materials remains high, with little to no sign of falling anytime soon. Many blame a building boom overseas, particularly in China. Others point to environmental reasons—loss of forestland driving up lumber prices, for instance. And don't...

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Four Ways Dishonest Employees Can Steal Your Money

Contractors and their employees have a reputation for working hard—and for good reason. You operate in a labor-intensive, deadline-oriented industry. Yet, you can work as hard as you like, and it will all be for nothing (or less than it...

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Is Fleet Management Software Worth a Spin?

Q: I recently suffered a huge loss on a big job when one of my employees decided to take a company vehicle containing key materials on a joyride. I lost ground on another job when two of our trucks broke...

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Online Equipment Auctions Offer Savings, Risks

So you need a piece of equipment, quickly and you're on a tight budget. In the past, you might have been at the mercy of an equipment dealer or manufacturer. But today you need only open your Internet browser to...

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This publication is part of Blackman Kallick’s marketing of professional services, and is not written tax advice directed at the specific facts and circumstances of any person and/or entity. Contents of this publication are of a general nature, and you should not act on this information without obtaining professional advice from your business advisor that is appropriately tailored to your individual needs and circumstances. This written advice is not intended or written to be used, and cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.