Content provided by the accounting firm of the Bonadio
in construction accounting.
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
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.
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
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.