|
|
|
|
|
Joel M. Kosovsky, CPA/PFS, CFP 
CPA, MST
|
|
KPS & Company is pleased to present to you the current issue of Contractor Chronicles. In this issue, we introduce you to some ways in which you can help your contracting jobs remain profitable despite unexpected changes such as owner delays, inclement weather, labor shortages, unforeseen material needs and escalating material and insurance costs .
We would like to offer you a complimentary copy of our Bid Guide Checklist to help your business ensure your bids are set up to maximize your profit. To request your copy please click here . |
 Inside This Issue |
|
| Cash is Key
For most organizations, cash flow is their lifeblood. In the 
construction industry-with its unique aspects, complex nature and projects that span several years and seasonal slowdowns-cash flow is especially critical.
Cash flow forecasts let contractors know if and when they will run out of cash. It also allows them to cope with seasonal business fluctuations, strikes and any unexpected situations that might create a money crunch. Equally important is a forecast's ability to demonstrate to creditors why and when increased lines of credit may be needed.... read more |
Managing Change Orders: Scheduling for Profit
Time is money. Nowhere is that more true than in the construction industry. Unforeseen circumstances, such as weather, design revisions, owner changes and material availability can result in change orders. These change orders cost contractors billions of dollars annually. This is oftentimes an avoidable loss unless the correct steps are taken at the inception of the project... read more |
|
Preventing Profit Washouts
"The best laid plans..." No matter how well-thought-out a project is, cost overruns and work slowdowns are unavoidable. Owner delays, inclement weather, labor shortages, unforeseen material needs and escalating material and insurance costs are some of the factors affecting your bottom line... read more |
|
|
|
|
|
|
|
|
Although every reasonable effort has been made to achieve accuracy in this publication, its editorial content is necessarily general in nature. Always consult your professional advisor before acting on this information.
To ensure compliance with Treasury Department regulations and Circular 230, we inform you that any tax advice that may be contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions or (ii) promoting, marketing or recommending to another party any tax-related matters addressed herein.
This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the system administrator at CPA@kpco-cpa.com | |
|
