What the WIP Schedule Really Tells You
A financial statement without a Work in Progress (WIP) schedule tells only part of the story. The WIP provides the missing evidence. A WIP schedule compares what you've billed to what a project has cost so far, plus what it will cost to finish. It transforms a simple...
Your Year-End Numbers & Surety Program
Why it matters: With year-end financials now available, the way those numbers are prepared and presented can have a meaningful impact. The big idea: Surety companies don’t just read financials, they interpret them. 1) Internal numbers vs. CPA statements Many...
Surety Underwriting: What Actually Matters?
If you want the best surety program — larger capacity, better rates — this is your roadmap. If you simply need a bond today and are not interested in optimizing your bond program right away, we can also set you up with a quick-bond option. Your choice. We can work...
The Three C’s of Surety Underwriting
When a contractor pursues a surety program, bonding companies look beyond the numbers. They base their evaluation of the construction company through a framework known as the Three C’s of Underwriting. Each “C” represents a key factor in assessing strength and...
What is EOS – and Should My Construction Company Use It?
You may have heard another contractor mention “EOS” and wondered if it’s just another buzzword. Here’s a quick breakdown: 1. What is EOS? EOS stands for Entrepreneurial Operating System. It’s a framework designed to help companies get better at three things: vision,...
The Midyear Mark: How’s the Plan Coming?
June marks halftime of the calendar year, and it’s a natural time to stop, assess, and ask: How are we really doing? Here’s what we’re encouraging clients to revisit this month: Year-to-Date Financial Performance – Are your jobs holding the margin expected on bid day?...
Finding Work When There’s Not Much to Find
The best companies don’t just survive difficult markets; they find ways to turn constraints into an advantage. With fewer projects available, competition is fierce. Everyone is looking for work, but not all opportunities are created equal. The companies that position...
Ready the Bench: Your Guide to Succession Planning
Building your company's succession plan is the first step to ready the organization for the next chapter. The plan also has to be implemented and that begins with "preparing the company." What do we mean by preparing the company? Let's review three areas of...
Year-End Financial Planning
Year-end Financial Planning The 4th quarter usually brings financial planning for the upcoming year, including next year’s potential credit needs. Both surety companies and banks heavily rely on CPA-prepared fiscal year-end financial statements when reviewing their...
Labor and Staffing In the Construction Industry
From the desk of Gene Lilly: Summer is in full swing and we want to wish everyone a safe and happy 4th of July. Our offices will be closed on Monday, July 3rd, and Tuesday, July 4th, returning to normal business hours on Wednesday, July 5th. Construction projects are...