The balance sheet says a great deal about a company. If you’re a business owner you better know how to read your own, as well as that of your clients and subcontractors. This week we discuss the Liabilities section.

https://www.runjobsoftware.com/runjob/balance-sheet-knowing-basics-liabilities/

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It’s great that your estimators just landed a new project, but your competitive advantage can be lost without a synchronized handoff to the field team. Make sure to have a formal meeting between the estimating and project management teams before the project starts. Estimator knows best.

https://www.runjobsoftware.com/news/estimate-handoff-estimators-field-team/

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Whether you use a functional cost coding system to track the cost of your original scope or not, it is imperative that you accurately account for costs outside of your base scope. Learn why, and how, to account for these extra costs outside of your original scope.

https://www.runjobsoftware.com/news/track-extra-costsand/

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A key component of job cost reporting is accurate posting of accounts payable (A/P). The time between receiving the invoice in the mail and posting it to your job cost reports can be fatal to a job, or a company. The answer is to not let the invoice out of the main office until it’s been posted to the project. Use the “all zeroes one” code to capture this cost in a job immediately.

https://www.runjobsoftware.com/news/the-all-zeroes-one-code-prevents-lost-ap-invoices/

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Many estimators do not understand how workers’ compensation, general liability, and bond costs are calculated. This article discusses these calculations and how to properly include them in your bid.

https://www.runjobsoftware.com/runjob-review/calculationofworkerscomp/

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With all of today’s fancy and complex tools available in the marketplace, nothing is more important than simple calculations (and common sense). Rely on simplicity and basic math to check your work.

https://www.runjobsoftware.com/news/casio/

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If you have a discrete thing that you want to know about or report about now, use QR codes. Don’t be wary of the technology or think it’s a hassle to use. It’s simple and powerful technology. You can use it today. You need it. One email or phone call to us and you’ll have it – we know construction, period.

https://www.runjobsoftware.com/news/heres-using-qr-codes-today-construction-company/

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Contractors for as long as I can remember have been taking on risk that is not theirs to take. Engineers and architects can do a much better job of protecting projects by improving design and management of the construction process.

https://www.runjobsoftware.com/news/engineers-architects-gotta-step/

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Submitting a clear and concise proposal is an important step in getting the project off on the right foot. An ambiguous proposal welcomes dispute. Be complete in the listing of terms and conditions in your proposals.

https://www.runjobsoftware.com/runjob-review/proposal-terms-and-conditions/

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Construction is a litigious business. Often times the signs were right in front of you from day one. Pay attention and look for the behaviors of the parties that often indicate inevitable dispute and possibly a claim at the end of the job.

https://www.runjobsoftware.com/runjob-review/i-see-claims/

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