4 Signs You Need to Hire an Accountant For Your Commercial Construction Business

If your company has more than a few employees, your revenue is growing, and you are juggling multiple jobs, it’s probably time to hire your own accounting personnel, preferably a Certified Public Accountant. A good accountant often pays for themselves in a relatively short amount of time. After all, finances need to be current and… Read more »

What Do I Need To Apply For A Commercial Construction Loan?

Securing a commercial construction loan can be an arduous process if you aren’t prepared for it. There are multiple options for businesses looking for commercial construction financing, including contract financing, factoring, merchant cash advance/daily debit and SBA loans, but there is no standard set of requirements for what you need in order to apply.

One Huge Mistake Contractors Can’t Afford To Make

A common commercial construction billing mistake companies tend to make is to delay submitting an invoice or pay application for the work completed during slow months. Construction companies, in most situations, have work schedules that ebb and flow as their jobs progress. Busy and slow months are inevitable. Federal holidays and poor weather conditions often… Read more »

Why the Commercial Construction Industry Benefits from Alternatives to Traditional Lending

Commercial construction contractors are in an almost impossible situation. The economy is booming, and public and private organizations are looking to build new offices, hotels, skyscrapers and more. But to make all that happen, organizations — and the general contractors they hire — depend on thousands of subcontractors who are willing and able to do… Read more »

How a Financial Capability Letter Strengthens Your Government Contracting Bid

There are many factors behind landing a winning bid. For upper-level commercial construction projects — especially for those lucrative government contracts — you have to prove that your company can complete the work for a competitive price and that you have the means to carry it through start to finish. A Financial Capability Letter can… Read more »

How to Make Your Construction Company More Bondable

Man in hardhat and green jacket posing on building site

Securing a bond can be a major hurdle for commercial construction companies looking to land bigger projects and grow their businesses. This is especially true if bidding on a government contract. What is bonding? Bonding is similar to an insurance policy, in that a surety bond company will cover the cost to fix any problems… Read more »