Understand Your Trailer GVWR (Gross Vehicle Weight Rating)
WEBNov 2, 2011 · While the GVWR is rated at 14,600 pounds, the GAWR or Gross Axle Weight Rating is still only 12,000 pounds and you cannot exceed that capacity rating. In this case, you still have to include the 2,600-pound trailer weight. That weight must be transferred to the tow vehicle, but that transfer is also limited by the hitch capacity.
How to Read Your Financials - Costs in excess of billings
WEBNov 2, 2011 · Working capital is defined as the total of "current assets" comprised of your cash, receivables, retainages, costs in excess of billings, work-in-progress, inventories and prepaid expenses minus your current liabilities. Your current liabilities are comprised of your lines of credit, principle payments of debt due within twelve months, accounts ...
How the Additional Insured Clause Puts Contractors at Increased …
WEBNov 2, 2011 · The following risk management protocols are recommended: Update all subcontracts and purchase orders to reflect these changes in additional insured endorsements. Many endorsements "follow" the subcontract requirements. Additional insured coverage will "mirror" the contract. Be specific on what is required.
A Contractor's Guide to OCIPs - Construction Business Owner …
WEBMay 24, 2012 · Mike Hastings is a national project risk practice leader within Marsh’s U.S. Construction Practice. Over the past 17 years, he has taken a lead role in developing and implementing Marsh’s consultative approach to construction project risk management, including risk identification, financial modeling, loss control and mitigation, insurance program design, and consulting services for company ...
Preconstruction Services: Add Value with More Than Just Estimating
WEBNov 2, 2011 · Preconstruction Phase Schedule Management is one of the key roles of the preconstruction manager. Creating a realistic and detailed schedule for all design, approval, estimating and purchasing activities to ensure that construction activities begin on schedule is the primary objective of the preconstruction schedule.
9 Numbers You Need to Keep Your Company Profitable
WEBNov 2, 2011 · Then determine how much net profit you want to make in total dollars, and track your progress monthly. 2. Know your equity numbers. Equity or net worth is the actual value of your company, not including the intrinsic value. It's the sum of your total assets minus your total liabilities.
Developing a Strategic Construction Business Plan for Growth
WEBJan 2, 2011 · Align and execute. Communicate your strategy internally at every possible opportunity. Define priorities for salespeople and align those with compensation plans. 5. Review and measure. Test your assumptions, demand proof they are working, and learn from your experiences. 6. Evaluate and modify.
The Contractor’s Guide to QuickBooks - Construction Business …
WEBFeb 1, 2022 · QuickBooks is a valid choice for its reasonable cost, ability to manage job costs, manage subcontractors and more. Not only does QuickBooks hold 80% of market share for accounting tools, almost 12% of QuickBooks customers are in the construction industry. This is the third-largest segment of QuickBooks …
A Contractor's Guide to CCIP Insurance - Construction Business …
WEBJun 26, 2012 · Implementing a contractor controlled insurance program (CCIP) presents many potential benefits for general contractors, but CCIPs involve risks as well. Most programs include a deductible of $250,000, $500,000 or even higher per claim depending on the jurisdiction. Total deductible losses will typically be capped based on a fixed percentage of ...
The Top 4 Hazards in Construction
WEBNov 2, 2011 · Electrical hazards, the third leading cause of construction fatalities, account for 12 percent of deaths for younger workers. Power Lines -Contact with power lines can cause electrocution, burns, falls from elevations, explosions and fire. Working on or near cranes, ladders, scaffolding, backhoes, scissor lifts, aerial lifts and dump trucks ...
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