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These days, it’s even tough to know what to expect from sales, cost of sales, sales pricing, gross profit percentage, operating costs and operating margins.

What Your Construction Business Numbers Mean in 2024

Prices are up, inflation is up -- how are you planning for your construction business in 2024?

Everyone will likely pay more in taxes. How much more, and how prepared you are, is up to you.

Long-term Tax Planning for Your Construction Biz

Management needs to spend time with tax experts to understand what their tax position was for the past year, how it looks for the current year, and to see what is on the horizon for the following year.

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How to Plan for 2024 & Beyond

Looking forward, contractors must improve productivity by accelerating revenues or speeding up the workflow.

ESOPs give the seller the ability to value the company independently based on free cashflow and not based on bids from competitors.

Why Construction Contractors Should Consider Selling to an ESOP

Garry Bartecki talked with ESOP expert Nathan Perkins about ESOPs, the state of the market, and what is impacting the market and decision-making.

A review of the International Monetary Fund’s Assessing Reserve Adequacy (ARA) metrics indicates that the Penetration Index is heading upward close to 60%, which means that of the equipment in the field in the U.S., 60% of it is rented and scheduled to climb even higher.

Construction Economy: What Does the Future Hold?

Construction business owners should continue to expect high prices and need to keep a close eye on their balance sheets in Q4 2023 and Q1 2024.

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How to Optimize Your Rental Fleet and Cash Flow

One rental expert discusses the ways rental companies can increase their cash flow despite a multitude of challenges that have arisen postpandemic.

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These days, it’s even tough to know what to expect from sales, cost of sales, sales pricing, gross profit percentage, operating costs and operating margins.

What Your Construction Business Numbers Mean in 2024

Prices are up, inflation is up -- how are you planning for your construction business in 2024?

Everyone will likely pay more in taxes. How much more, and how prepared you are, is up to you.

Long-term Tax Planning for Your Construction Biz

Management needs to spend time with tax experts to understand what their tax position was for the past year, how it looks for the current year, and to see what is on the horizon for the following year.

Adobe Stock 634413471

How to Plan for 2024 & Beyond

Looking forward, contractors must improve productivity by accelerating revenues or speeding up the workflow.

ESOPs give the seller the ability to value the company independently based on free cashflow and not based on bids from competitors.

Why Construction Contractors Should Consider Selling to an ESOP

Garry Bartecki talked with ESOP expert Nathan Perkins about ESOPs, the state of the market, and what is impacting the market and decision-making.

A review of the International Monetary Fund’s Assessing Reserve Adequacy (ARA) metrics indicates that the Penetration Index is heading upward close to 60%, which means that of the equipment in the field in the U.S., 60% of it is rented and scheduled to climb even higher.

Construction Economy: What Does the Future Hold?

Construction business owners should continue to expect high prices and need to keep a close eye on their balance sheets in Q4 2023 and Q1 2024.

Adobe Stock 155488163

How to Optimize Your Rental Fleet and Cash Flow

One rental expert discusses the ways rental companies can increase their cash flow despite a multitude of challenges that have arisen postpandemic.

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Valuing & Selling for Larger Contractors

How companies with more than 25 employees should plan for the future.

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Time to Decide How to Grow Your Construction Business, Value

Using technology for your business improves the bottom line and decreases your time using pen and paper.

The industry will be forced to consolidate to get maximum benefit from technology, and those that do adopt this technology will find themselves in a much better competitive position.

Improving Construction Profitability in a Tight Market

Industry expert Garry Bartecki talks about the role of technology in profitability and construction business success.

Equipment costs are close to 20% of total construction costs.

The Agony of Idle Equipment on a Construction Jobsite

Poor controls cost you money two ways; loss of work and increase in costs.

Business owners need to be careful with their spending and managing their balance sheets during 2023, to avoid the pitfalls of inflation and overspending.

How to Handle Construction Equipment Spending in 2023

Business owners need to be careful with their spending and managing their balance sheets during 2023, to avoid the pitfalls of inflation and overspending.

Staying on top of monthly cash flow reports and projections will take a construction business far in 2023.

Keep Cash Flow Reports, Projections Current in 2023

If you do not have the time to update financials monthly, outsource the process to a consultant.

Buying a unit and financing it works if you have used units to trade-in or sell off to apply the proceeds to the purchase. It also helps if business is strong and generating taxable profits that you would like to avoid.

Consider the Construction Equipment Financing Options Available

There are contractors and rental companies needing to upgrade their fleets with either new or late model used equipment. Many of you reading this are probably in this situation; figuring out what you may need, what you can sell off or trade-in, etc.

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Ways to Improve Construction Workforce Productivity in 2023

No matter what size your company is, you have to assume competitors are looking for ways to improve productivity and leaving you in the dust.

If total sales increased by 20%, then expect the Sales Per Employee number to increase by that same percentage.

Calculate the Productivity of Your Construction Business

How are your productivity stats standing up to the test of time?

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Rounding Second, Headed for Third: Balancing Employee Retention with Higher Labor Costs

Columnist Garry Bartecki advises how to finish 2022's construction season strong by retaining good employees with an eye on balance sheets.

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Shape of the Economic Recovery Should Guide Your Business Spending

Columnist Garry Bartecki discusses economic recovery and how construction-related business owners should manage their finances.

Many contractors may not be accustomed to this economic climate, especially to when it comes to bidding and completing work that produces positive cash flow.

Job Pricing in Today’s Construction Market

Many contractors may not be accustomed to this economic climate, especially to when it comes to bidding and completing work that produces positive cash flow.

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Stagflation Means the Construction Industry Has Yet More Pain to Work Through

The current environment requires contractors to pay even closer attention to their balance sheet to ensure sufficient cash flow.

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More Productivity is a Must for Contractors to Make a Profit

Doing more with less will be essential in the coming months in order to secure both bids and profits on construction projects.

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Status of the Construction Industry and How to Still Make a Profit in 2022

Covering the spread between bids and costs requires doing more with less through efficiency gains and cost cuts.

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How to Navigate Equipment, Personnel and Inflationary Pressures on Profits in 2022

Navigating the maze of equipment, personnel and material costs plus rising inflation will take some planning to ensure a profitable New Year.

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Inflation, Supply Chain and Workforce Issues Demand Contractors Sharpen their Balance Sheets in 2022

Construction is settling into an economic era in 2022 that's quite different from pre-pandemic decades; one in which successful business will depend more on how you balance debt to equity and capital to operating costs

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Beware the Risks of Unexpected Taxes, Creeping Fleet Costs and Material Stockpiling

Mind these precautions on taxes when doing business across state lines, the creeping costs of aging equipment and the potential risks of stockpiling building materials.