Diane Dennis of Monk and DBug, LLC, known as "Diane at TheContractorsGroup.com" since 1999, is launching a new website and newsletter focused on making life easier for contractors - InformedContractors.com.
Early on in Diane's contracting career, she learned that there was painfully little information available for contractors. Now she feels the exact opposite it true. There's too much information, some of which isn't really accurate, so much so that it's virtually impossible for a busy contractor to find time to wade through it all and find reliable and practical solutions that will lessen their hassles and increase their income.Continue reading
The CSI (Construction Specifications Institute) MasterFormat contractor item list is a standard item list used for most commercial building design and construction projects in North America. It lists titles and section numbers for organizing data about construction requirements, products, and activities. The latest version, revised in April 2012, contains 48 main categories or divisions. Two readers have asked questions recently about the CSI MasterFormat list - here's what they had to say.Continue reading
Worker’s Comp and payroll taxes take a huge bite out of a contractors profit when working on Public Works construction projects – especially if the contractor is paying the full fringe benefit rate of the prevailing wage to the employee in cash and not to the Union Hall or into bona-fide plans.
Public Works Construction and Prevailing Wage projects require advanced financial planning methods and tools along with an understanding of the ever-changing compliance requirements — so that you can reduce your overhead and get paid on time.Continue reading
Sam Subcontractor already uses QuickBooks, he has more complex job costing needs due to certified payroll reporting requirements, payments of prevailing wage fringe benefits and AIA billing. High overhead costs, specialized equipment, materials, labor charges are other things… Continue reading