Construction Contractors' Survival Guide


Book Description

The turnover rate for companies in the construction industry is high. This book identifies the ten key elements of contractor failure and shows how to avoid them. Each element of failure is defined, illustrated by real examples, and ways are discussed to avoid or minimize the risks involved. The final chapter shows how to bring all these elements together to develop a positive and workable management strategy. This survival guide should prove invaluable to the 1.4 million individual construction-industry businesses in this country.




Construction Contracting


Book Description

The definitive contracting reference for the construction industry, updated and expanded Construction Contracting, the industry's leading professional reference for five decades, has been updated to reflect current practices, business methods, management techniques, codes, and regulations. A cornerstone of the construction library, this text presents the hard-to-find information essential to successfully managing a construction company, applicable to building, heavy civil, high-tech, and industrial construction endeavors alike. A wealth of coverage on the basics of owning a construction business provides readers with a useful "checkup" on the state of their company, and in-depth exploration of the logistics, scheduling, administration, and legal aspects relevant to construction provide valuable guidance on important facets of the business operations. This updated edition contains new coverage of modern delivery methods, technology, and project management. The field of construction contracting comprises the entire set of skills, knowledge, and conceptual tools needed to successfully own or manage a construction company, as well as to undertake any actual project. This book gives readers complete, up-to-date information in all of these areas, with expert guidance toward best practices. Learn techniques for accurate cost estimating and effective bidding Understand construction contracts, surety bonds, and insurance Explore project time and cost management, with safety considerations Examine relevant labor law and labor relations techniques Between codes, standards, laws, and regulations, the construction industry presents many different areas with which the manager needs to be up to date, on top of actually doing the day-to-day running of the business. This book provides it all under one cover – for the project side and the business side, Construction Contracting is a complete working resource in the field or office.




Understanding and Negotiating Construction Contracts


Book Description

Understanding and Negotiating Construction Contracts The complexities of construction contracts are made easy with this thorough and readable guide Construction contracts can be complex for both owners and contractors. For contractors, negotiating fair and balanced commercial terms in contracts is just as important as properly managing projects; a properly negotiated contract can mitigate unnecessary risk and unnecessary risk transfer. This, in turn, reduces exposure to financial liability for the contractor and for avoidance of contract claims and disputes. Understanding and Negotiating Construction Contracts provides a comprehensive and readable introduction to the world of construction contracts. Providing, for example, coverage of the four most common types of contracts—lump sum/fixed-price, cost-plus, time-and-materials, and unit-pricing—it promises to reduce uncertainty and allow contractors to enter contractual negotiations with greater confidence to be able to achieve a fair and balanced contract. This updated new edition reflects the up-to-date best practices to understand how to better negotiate the commercial terms and conditions in construction contracts. Readers of the second edition of Understanding and Negotiating Construction Contracts will also find: Updated information on indemnity, insurance, and negotiation An all-new chapter with a contract analysis checklist Real-world examples drawn from small residential, retail, large commercial, and international projects Understanding and Negotiating Construction Contracts is essential for construction professionals and college students studying construction contracts and the liabilities arising out of them.




PPC's Guide to Construction Contractors


Book Description

Contains technical guidance and practice aids for auditing and accounting matters for use by practitioners in the construction contractor industry.




Audit and Accounting Guide


Book Description

The construction industry has seen significant changes in the past couple years. Whether you are in public accounting, performing assurance services, or operate in the industry, this guide has the information you need to perform at your best. Considered the construction industry standard resource, this 2019 edition features new accounting information and new auditing considerations, particularly with regards to considerations for FASB ASC 606. This guide is an indispensable reference document packed with information on new requirements and relevant changes to the FASB Accounting Standards Codification. From simple accounting to joint venture creation, this edition takes a deep dive into industry specific auditing procedures. Topics include: Practical tips and industry specific guidance; A detailed look at FASB ASU Nos. 2014-09, Revenue from Contracts with Customers, including new auditing considerations; An up-to-date look at the details of FASB ASU No. 2016-02, Leases




Contractor's Guide to Green Building Construction


Book Description

Written for contractors and endorsed by the Associated General Contractors of America Written specifically for contractors, this "how-to" book enables you to meet the challenges of green building construction. You'll discover how constructing environmentally friendly, sustainable buildings influences project management, delivery, documentation, and risk. Moreover, the book guides you through these important considerations at all phases of a green construction project, including: Bidding and contracting Managing green design when the contractor works as a design builder Subcontracting Procurement Construction management Project commissioning and closeout This book is endorsed by the Associated General Contractors of America (AGC) and was written with the assistance and advice of a specially assembled AGC task force. With a focus on the green building process from the contractor's viewpoint, the book avoids endorsing any one green building rating system in favor of presenting the business fundamentals common to them all. Throughout the presentation, flowcharts and other features offer working tools for successfully managing green construction projects. Plus, real-world case studies developed through discussions with the actual contractors involved help you understand exactly what to expect and how to best manage constructing a green building. In short, this is one book that you need to have on hand to be a part of the rapidly growing green building movement.




Markup & Profit


Book Description

In order to succeed in a construction business you have to be able to mark up the price of your jobs to cover overhead expenses and make a decent profit. The problem is how much to mark it up. You don't want to lose jobs because you charge too much, and you don't want to work for free because you've charged too little. If you know how much to mark up you can apply it to your job costs and arrive at the right sales price for your work. This book gives you the background and the calculations necessary to easily figure the markup that is right for your business. Includes a CD-ROM with forms and checklists for your use.




The Complete Guide to Contracting Your Home


Book Description

Save 30% on home construction! Whether you want to take on all the responsibility of contracting your home or simply want to intelligently communicate with your homebuilder, The Complete Guide to Contracting Your Home can help you save 30% or more on the cost of home construction by teaching you the ins and outs of managing your construction project. Learn how to get your project off to a solid start. Get financial and legal details in language you can understand. Learn what to consider when selecting a lot and how to deal with suppliers, labor and subcontractors. Gain understanding of building codes and inspections so you can manage with authority, confidence, and efficiency. This extensive guide walks you through each phase of construction including preconstruction, foundations, framing, roofing, plumbing, electrical, masonry, siding, insulation, drywall, trim, painting, cabinetry, countertops, flooring, tile and landscaping. Completely revised and updated, this edition includes a new section on sustainable building as well as the most comprehensive building resources section ever compiled. You'll find schedules, order forms, control logs, contracts and checklists to help keep your project on track.




Managing the Profitable Construction Business


Book Description

Take control of your construction contracting business and manage it through the natural highs and lows of the construction market. Learn from a team of construction business veterans led by Thomas C. Schleifer, who is commonly referred to as a construction business "turnaround" expert due to the number of construction companies he has rescued from financial distress. His financial acumen, combined with his practical, hands-on experience, has made him a sought-after private consultant. His experience and no-nonsense philosophy have truly given him a unique perspective. Important topics covered include: Understanding the primary areas of construction business failure in the next decade Minimizing business risk with real-world examples Developing a positive and competent management attitude and strategy Discover how to maneuver through this complicated and risky industry by using the authors' research and proven success strategies to sustain and grow your business.




Builder's Guide to Accounting


Book Description

This book includes self-test section at the end of each chapter. Test yourself, then check answers in the back of the book to see how you score. CD-ROM included.