Business News and Notes
Content provided by the accounting firm of the Bonadio Group specializing in construction accounting.

  • New technology helps tighten up small-tool management - Contractors typically pay close attention to the whereabouts and maintenance of large equipment while often overlooking small tools, such as power drills and reciprocating saws. But doing so may prove an expensive oversight, as the costs of losing these items can quickly add up. This article describes bar-code technology that improves tool tracking, boosts management efficiency and may even reduce legal liability.
  • 7 uses for tool-tracking software
  • How accurate are your estimates? A brief review of this critical process - Accurately estimating construction costs lies at the heart of every contractor’s long-term success. If an estimate is too low, he or she may win the contract but lose money on the job. And if it’s too high, the work might go to a competitor. This article reviews this critical process, including the two main categories of estimates and the qualifications of an effective estimator.
  • Don’t lose sight of indirect job costs - Construction companies that fail to properly allocate indirect job costs to their projects are missing out on opportunities to recoup expenses and submit accurate bids. In fact, an estimate that neglects relevant indirect costs is incomplete and could lead to cost overruns. This article looks at how to define, track and recover these items.
  • An Outside Job - Mike Smith, a CPA and Certified Fraud examiner from our Albany office is going to discuss how outsiders – like the scrap man or the mechanic are defrauding construction companies, and what you can do about it!
  • Ten Tips for Managing Email Addresses
  • Asbestos in Electrical Wiring Information - Electrical workers today are often exposed to asbestos on wires and various electrical outputs due to its famous ability to insulate against heat. Asbestos wire insulation was commonly used in offices, stores, and even homes that we still occupy to this day. Tampering with insulation can pose the risk of releasing the asbestos into the air, leaving the workers and occupants lungs vulnerable to deadly asbestos fibers.

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Last Updated: [ December 24, 2016 ]