HEADLINES ADDED: May 06, 2009

The Grand Slam: Construction-Specific Payroll

 |  from Construction Business Owner Magazine - The Business Management Resource for Contractors  |  Read the Full Article

Construction payroll can be one of the most challenging aspects of running a construction business. Union reporting, multiple states and localities, varying pay scales, multiple job classifications, deductions, withholdings and tax reporting are just some of the things that contractors must deal with each and every pay period.... Read More

HEADLINES ADDED: March 30, 2009

SIG in bid to raise £341m as profits drop 73%

 |  from Contract Journal - Construction Law  |  Read the Full Article

Insulation and materials firm SIG has revealed plans to raise £341m in a discounted share placing to combat its debts, as it posted a 73% drop in full-year profits.... Read More

HEADLINES ADDED: March 24, 2009

HEADLINES ADDED: March 09, 2009

Warings Contractors makes just £200,000 profit

 |  from Contract Journal - Business and Finance  |  Read the Full Article

Warings Contractors has got out of the red - but only just – as the latest turnover of £99m produced a thin £200,000 pre-tax profit.... Read More

HEADLINES ADDED: November 18, 2008

HEADLINES ADDED: July 17, 2008

Construction Accounting and Financial Management, 2nd Edition

 |  from Recently published books about Architecture & Construction  |  Read the Full Article

By Steven J. Peterson. Prentice Hall PTR. Price: $102.67. Publish Date: 07/2008... Read More

HEADLINES ADDED: March 02, 2008

HEADLINES ADDED: February 20, 2008

Haymill's Steve Farrant speaks out

 |  from Contract Journal - Business and Finance  |  Read the Full Article

t's people who make companies. Your staff are your biggest asset. This is a mantra every finance director in a construction company should have to...... Read More

HEADLINES ADDED: February 18, 2008

Cut the Fat

 |  from D. Brown Online - Project Management Productivity & Construction Operations  |  Read the Full Article

download as PDF“Two rules:  #1 Preserve the principal and #2 When in doubt, see Rule #1.” –Warren BuffetQUESTION: What possible good could come out of the construction slow down? ANSWER: Too many to cover in just one short article! Here are just a few. Of course some action may be required on your part. This first series is on cutting the fat and turning a financial downturn into a win for your construction company.Forced Ranking Look around your company for those employees that just don’t shine quite as brightly... Read More

HEADLINES ADDED: February 17, 2008

Fashioning a fraud: analysis of expense patterns exposes crime.

 |  from HighBeam RSS: Journal of Accountancy  |  Read the Full Article

[ILLUSTRATION OMITTED] EXECUTIVE SUMMARY * Businesses must clearly define the roles and responsibilities of employees who sign expense reports and those who process the reports. That should eliminate confusion about whether a manager's signature means that the individual is authorizing the expenses Publication: Journal of Accountancy... Read More

HEADLINES ADDED: February 06, 2008

Small Businesses Turn to Circle Lending for Financing

 |  from Expert Business Source - Construction News  |  Read the Full Article

"Peer-to-peer" or "circle" lending sites are offering entrepreneurs and business owners a new way to borrow money from relatives, acquaintances, or total strangers. Is this a good way to obtain business financing?... Read More

HEADLINES ADDED: February 03, 2008

HEADLINES ADDED: January 28, 2008

Tom Brady and Efficient Capital Markets

 |  from CFO.com: Today in Finance  |  Read the Full Article

Two university professors use a football playbook to teach net present value, IPO pricing, risk-shifting and more to undergrads and MBA candidates.... Read More

HEADLINES ADDED: January 23, 2008

What is your fraud IQ?

 |  from HighBeam RSS: Journal of Accountancy  |  Read the Full Article

[ILLUSTRATION OMITTED] Fraud detection class is now in session. It's time to put your smarts to the test and see how you score on these questions from the Association of Certified Fraud Examiners. 1. According to ACFE's 2006 Report to the Nation on Occupational Fraud and Abuse, the typical Publication: Journal of Accountancy... Read More

Practical training tips for smaller firms: implementing a training program in a smaller firm does not require a significant financial investment and can be done without hiring a trainer.

 |  from HighBeam RSS: Journal of Accountancy  |  Read the Full Article

[ILLUSTRATION OMITTED] A standardized training process can help ensure that all new employees coming into the firm are on the same page and improve retention. Consider these tips for establishing and maintaining a training program in your firm: * Purchase training software. For example, an Publication: Journal of Accountancy... Read More

HEADLINES ADDED: January 22, 2008

Should You Start a Profit Sharing Plan for Your Small Business?

 |  from Expert Business Source - Construction News  |  Read the Full Article

If you're looking for a way to attract or retain employees to your small business, you might consider adding a Profit Sharing Plan to your benefits roster. Profit sharing is an excellent way to motivate employees to work toward a common goal, focuses employees on profitability, and recognize their efforts as a group.... Read More

Credit Crunch Returns

 |  from Reed Construction Data:Notes from Jim Haughey  |  Read the Full Article

The credit crunch has reappeared again and has already forced the Federal Reserve Board to make an emergency 0.75% cut in the federal funds rate. Other central banks will likely take similar action. This was done to keep credit available for normal business loans, including construction financing. This round of the financial crisis was set off by two inevitable events. The credit crunch has reappeared again and has already forced the Federal Reserve Board to make an emergency 0.75% cut in the federal funds rate. Other central banks will... Read More

HEADLINES ADDED: January 13, 2008

Marketing GAAP

 |  from CFO.com: Today in Finance  |  Read the Full Article

Unlike FASB's avatars, International Financial Reporting Standards may be catching on because its creators are super sellers.... Read More

HEADLINES ADDED: January 08, 2008

FASB Gets the GAAP House in Order

 |  from CFO.com: Today in Finance  |  Read the Full Article

Next week, the standard-setter will open up its codification project to scrutiny for one year.... Read More

HEADLINES ADDED: January 07, 2008

Selling Your Business

 |  from ManageSmarter.com - Sales Top Stories  |  Read the Full Article

Selling your business is not as easy as you thought: Potential buyers won't flock to your business if you simply put up a for sale sign. Here are some tips to help you find the best buyers.... Read More

HEADLINES ADDED: January 06, 2008

HEADLINES ADDED: January 03, 2008

3 Easy New Year’s Financial Resolutions for Every Net Worth

 |  from Expert Business Source - Construction News  |  Read the Full Article

Now that the new year is here, Americans are busy making resolutions for 2008. Why not resolve to make some straightforward improvements to your financial life?... Read More

HEADLINES ADDED: January 02, 2008

Buy-Sell Agreements: Ticking Time Bombs or Reasonable Resolutions?(Brief article)(Book review)

 |  from HighBeam RSS: Journal of Accountancy  |  Read the Full Article

Buy-Sell Agreements: Ticking Time Bombs or Reasonable Resolutions? by Z. Christopher Mercer, ASA, CFA Peabody Publishing LP, 2007, 324 pp. Predicting the future is practically impossible. For businesses, that uncertainty makes planning crucial. Z. Christopher Mercer offers a granular look at one Publication: Journal of Accountancy... Read More

HEADLINES ADDED: December 27, 2007

What's IT Worth?

 |  from CFO.com: Today in Finance  |  Read the Full Article

Most companies fail to report the true value of their software assets, according to a new study.... Read More

Sales and use tax relief for contractors.

 |  from Bowie & Jensen, LLC Construction Law Forum  |  Read the Full Article

The Maryland sales and use tax will be increased from 5% to 6% on January 3, 2008; however, there is a limited exception for contractors and subcontractors who buy materials after January 3rd for incorporation into real property under a contract that was made before January 3rd. In other words, contractors who entered into contracts in 2007 can buy materials for those projects at the 5% sales tax rate even after the 6% rate generally goes into effect. The Comptroller's office has created a certificate that contractors can submit... Read More

HEADLINES ADDED: December 26, 2007

Mastering the Flow

 |  from CFO.com: Today in Finance  |  Read the Full Article

CFO's new Cash Masters Scorecard shows which companies are best at turning sales dollars into cash flow.... Read More

HEADLINES ADDED: December 25, 2007

Best of 2007: Technology

 |  from CFO.com: Today in Finance  |  Read the Full Article

If you wanted to know the implications of XBRL, what people were saying about AS5, why the financial aspects of Second Life should be regulated, or how to make better use of spreadsheets, this was the year for you.... Read More

Best of 2007: Accounting

 |  from CFO.com: Today in Finance  |  Read the Full Article

In a year that saw a huge push toward a single set of global accounting rules and the demise of an auditing standard, corporate financial executives also got a glimpse at the future of financial statements — and it's all about fair value.... Read More

17 Ways to Improve Your Efficiency

 |  from CE Pro Recently Filed  |  Read the Full Article

Following are 17 suggestions to companies for trimming budgets, saving time, avoiding service calls and improving efficiency during a lean time.... Read More

HEADLINES ADDED: December 18, 2007

Buy, Rent Or Lease?

 |  from Associated Construction Publications Top Headlines  |  Read the Full Article

For many contractors, shopping for construction equipment can transform them into business managers. Do they rent, lease, buy, or borrow? They may know the kind of equipment they want, but after looking at a fleet, they may change their minds because of price, technology, repairs, and the ease in which they can or can't obtain that one piece of equipment they need.... Read More

HEADLINES ADDED: December 16, 2007

Ten Tips For Intelligent Equipment Finance

 |  from Associated Construction Publications Top Headlines  |  Read the Full Article

Most small businesses require equipment in order to operate, from computers to furniture to fleet cars, but simply don't have many funding options. Aside from internally generated cash flow or credit lines, businesses interested in acquiring equipment require other choices for financing their capital spending.... Read More

Winning The Bottom-Line Battle

 |  from Associated Construction Publications Top Headlines  |  Read the Full Article

Equipment acquisition has to be a planned business strategy in today's construction environment. Too many factors can turn the bottom line on a project from black to red. With costs fuel costs bouncing up and down and labor in short supply in many areas of the country it is in your best interest to fit your equipment fleet to your specific project.... Read More

Financing Options for Growing a Small Business

 |  from Expert Business Source - Construction News  |  Read the Full Article

Expanding or growing your small business is exciting, but determining the best way to finance your growth can be challenging. Our financial advisor explains some common financing options for small businesses.... Read More

HEADLINES ADDED: December 04, 2007

Kiewhere? Contractor Seeks To End Financial Disclosure

 |  from Top Stories from ENR.com  |  Read the Full Article

The Omaha contracting giant says disclosure puts it at competitive disadvantage.... Read More

HEADLINES ADDED: November 29, 2007

IRS Updates Standard Mileage Rates

 |  from Occupational Health & Safety  |  Read the Full Article

Effective Jan. 1, 2008, the standard mileage rates for businesses is 50.5 cents per mile. For charitable contributions it is 14 cents per mile, and for medical and moving it is 19 cents per mile.... Read More

HEADLINES ADDED: November 27, 2007

Pipeline = Lifeline

 |  from ManageSmarter.com - Sales Top Stories  |  Read the Full Article

Why does such a critical business tool get so little TLC at some companies?... Read More

HEADLINES ADDED: November 26, 2007

HEADLINES ADDED: November 21, 2007

HEADLINES ADDED: November 20, 2007

Building long-term value: objective financial analysis focuses clients on business revenue growth.

 |  from HighBeam RSS: Journal of Accountancy  |  Read the Full Article

[ILLUSTRATION OMITTED] Privately held companies are often their owners' most significant asset. But when resources are diverted from profitable products to concentrate on short-term revenue, a company's future value may be at stake. This article explains how CPA/ABVs and other valuation Publication: Journal of Accountancy... Read More

Management accounting research for the C-suite: consider findings from cutting-edge research to take your company to the next level.(part 2)

 |  from HighBeam RSS: Journal of Accountancy  |  Read the Full Article

[ILLUSTRATION OMITTED] This second installment in a series of columns on accounting research summarizes results from the field of management and cost accounting. The 2006 through June 2007 issues of five top-tier journals in management and cost accounting research were examined. Those publications Publication: Journal of Accountancy... Read More

Accounting for gift cards: an emerging issue for retailers and auditors.

 |  from HighBeam RSS: Journal of Accountancy  |  Read the Full Article

[ILLUSTRATION OMITTED] Black Friday, so called because it kicks off the holiday shopping season that retailers hope will bring the $4.7 trillion industry into the black, is just weeks away. But last year, continuing a growing trend, more shoppers chose to purchase gift cards rather than Publication: Journal of Accountancy... Read More

HEADLINES ADDED: November 16, 2007

HEADLINES ADDED: November 15, 2007

The Sums of All Parts: Redesigning Financials

 |  from CFO.com: Today in Finance  |  Read the Full Article

As part of radical changes to the income statement, balance sheet, and cash flow statement, FASB signs off on a series of new subtotals to be contained in each.... Read More

HEADLINES ADDED: November 14, 2007

Sneak Peek at New Financial Statements

 |  from CFO.com: Today in Finance  |  Read the Full Article

On Tuesday, FASB staffers will release suggestions about how totals and subtotals will appear on financial statements in the future.... Read More

CE Pro Summit Aims to Determine Business Valuations

 |  from CE Pro Recently Filed  |  Read the Full Article

The CE Pro Business Valuation Summit brought together top integrators to hear information from a leading consultant, broker and lawyer, as well as from panels of their peers. ... Read More

HEADLINES ADDED: November 08, 2007

The Essential Skills

 |  from CFO.com: Today in Finance  |  Read the Full Article

To ascend to (and remain in) the CFO's office, you need much more than financial acumen.... Read More

HEADLINES ADDED: November 06, 2007

A Race to Finish for 'Sarbox-lite'

 |  from CFO.com: Today in Finance  |  Read the Full Article

The AICPA's risk-based standards are putting private-company auditors under the gun.... Read More

HEADLINES ADDED: October 24, 2007

Home Building Lessons Apply to Personal Finances

 |  from Expert Business Source - Construction News  |  Read the Full Article

Financial lessons from building professionals?  Sure!  Much wisdom from the jobsite applies equally to selecting investments and making good financial decisions.... Read More

Directory of AICPA selected services.(Directory)

 |  from HighBeam RSS: Journal of Accountancy  |  Read the Full Article

Address and employment information can be changed online through www.aicpa.org/about/dues.htm. Or, members can e-mail, mail or fax the information to the Member Service Center in New Jersey (see Member Service Center for additional services provided). In either case, the Journal of Accountancy and Publication: Journal of Accountancy... Read More

HEADLINES ADDED: October 23, 2007

PCAOB: The 11 Things Auditors Need to Fix

 |  from CFO.com: Today in Finance  |  Read the Full Article

The audit firms' oversight body compiles the most serious and common problems it found during its first three years of inspections.... Read More

CPAs are a hot commodity.(certified public accountants)

 |  from HighBeam RSS: Journal of Accountancy  |  Read the Full Article

Don't you wish you could look into a crystal ball to see what's ahead for the profession? So do we. But since that seems unlikely, we turned to Kent Bums, equity partner of MRINetwork's Indianapolis office, to get his take on CPA career prospects in the near future. It looks like business Publication: Journal of Accountancy... Read More

HEADLINES ADDED: October 22, 2007

Finance in History: Here's to the Bean Counters

 |  from CFO.com: Today in Finance  |  Read the Full Article

A slur to finance folks and accountants, the term has a noble past.... Read More

HEADLINES ADDED: October 19, 2007

Rewriting the Rules

 |  from CFO.com: Today in Finance  |  Read the Full Article

Everything you thought you knew about accounting is about to change. Is there any reason to smile?... Read More

The Negative Side of Goodwill

 |  from CFO.com: Today in Finance  |  Read the Full Article

FASB's proposed business combination rule requires companies to recognize negative goodwill immediately.... Read More

HEADLINES ADDED: October 05, 2007

Credit Not so Tough to Get, Small Businesses Say

 |  from CFO.com: Today in Finance  |  Read the Full Article

Latest PNC survey also shows technology continues to receive the most capital investment and energy prices are the greatest concern.... Read More

How to Carry Zero Debt

 |  from CE Pro Recently Filed  |  Read the Full Article

Gerard Lynch doesn’t mind if System 7 has to carry a lot of inventory in its warehouse—as long as he doesn’t pay for it.... Read More

HEADLINES ADDED: October 03, 2007

Health Benefit Costs to Rise Again in '08

 |  from CFO.com: Today in Finance  |  Read the Full Article

More companies may look for savings by switching to "consumer-driven" plans.... Read More

HEADLINES ADDED: October 01, 2007

The Work In Progress (WIP) Series

 |  from D. Brown Online - Project Management Productivity & Construction Operations  |  Read the Full Article

For a construction financial manager, mastering the understanding of how a work in progress calculates and compiling the report successfully are only the first steps in really working with this important tool. The work in progress is much more than in income reconciling tool. Taking the time to gain understanding on what affects the numbers really do have on the health of a project will lead you to a greater understanding of construction processes. Let's take the a look at change orders and extra work for instance. What affect... Read More

Sweeping away GAAP

 |  from CFO.com: Today in Finance  |  Read the Full Article

FASB's Herz calls for a national plan to wean U.S. companies from their current rules-based accounting system.... Read More

HEADLINES ADDED: September 28, 2007

Interviewing techniques: tips from the pros: ask the right questions to assess the skills and attitudes of job candidates.

 |  from HighBeam RSS: Journal of Accountancy  |  Read the Full Article

EXECUTIVE SUMMARY A skillful interview consists of * Preparation. Collect information about the job you're trying to fill; Know what the duties are and what experience, credentials and core competencies are required to fulfill them. Know the type of clients and industries the candidate will be Publication: Journal of Accountancy... Read More

BUILDER Blocks: The Week in Review

 |  from BOL Breaking News  |  Read the Full Article

Despite the housing slump, consumer satisfaction remains unchanged; Alan Greenspan set to admit he missed foreseeing the risks of subprime mortgages; and default notices continue to plague Beazer Homes.... Read More

Credit markets: Still Gloomy

 |  from CFO.com: Today in Finance  |  Read the Full Article

Debt markets threaten to undermine the Fed's goal of restoring order.... Read More

HEADLINES ADDED: September 26, 2007

Spreadsheets: Fear No Evil

 |  from CFO.com: Today in Finance  |  Read the Full Article

A conference breaks down the devilish side of spreadsheets, from bugs to control issues.... Read More

GAAP Goes Interactive

 |  from CFO.com: Today in Finance  |  Read the Full Article

The SEC creeps closer to making XBRL mandatory.... Read More

HEADLINES ADDED: September 24, 2007

Liquidity Crunch: How Long Will it Last?

 |  from CFO.com: Today in Finance  |  Read the Full Article

Investors are divided over whether the current liquidity crunch represents a short-term event or a structural crisis, a Greenwich Associates study finds.... Read More

HEADLINES ADDED: September 19, 2007

AICPA Introduces Its New Valuation Standard: Business Valuation is an Integral Part of a Number of CPA Practice Areas and Many Groups Within the AICPA Will Be Affected By the Standard, AICPA Statement on Standards for Valuation Services No. 1, Valuation o

 |  from HighBeam RSS: Journal of Accountancy  |  Read the Full Article

The Business Valuation Standards Writing Task Force recognized the interdisciplinary impact of this subject when it began its work in 2003 and decided to proactively seek out the thought, opinion and input of the respective stakeholders and leaders who would be affected by a business valuation Publication: Journal of Accountancy... Read More

New Accounting Standards

 |  from D. Brown Online - Project Management Productivity & Construction Operations  |  Read the Full Article

The Wall Street Journal published an interesting article detailing some potential upcoming changes to the financial accounting standards: Profit as We Know It Could Be Lost With New Accounting Statements See the draft layout of how the new rules could affect financial statements While this may seem trivial the effective design of financial reporting can create more rapid and thorough insight into a company. You should spend as much time designing your financial reports as you would designing your estimating take-off / recap format. Using the standard, "canned" reports... Read More

HEADLINES ADDED: September 18, 2007

Cash Flow - Keep Water Out of Your Ship - Podcast

 |  from The Construction Contractor's Digest  |  Read the Full Article

Hear the beginning of our article on Cash Flow in Construction. Download file Email us at clientservices@stevensci.com for the remainder of the article. Limit 1 article per month. We will send it to you in three working days. Order our book published by McGraw - Hill, Managing a Construction Firm on Just 24 Hours a Day by going to stevensci.com... Read More

On Alignment between Marketing and Finance

 |  from B2B Lead Generation Blog  |  Read the Full Article

Many marketers are quickly approaching their favorite time of year.  Okay, not really. I'm of course talking about budget time. When I see the challenge that marketers face when it comes to getting their budgets approved, I wonder why it has to be so hard? Last year, I highlighted a report  by MarketingSherpa which concludes that marketers need to do a better job capturing and communicating their value.  According the MarketingSherpa research, "...only 17% of B-to-B marketers we queried were sure their CFOs understood the value of lead generation... Read More

HEADLINES ADDED: September 10, 2007

DuPont Chart - Free

 |  from The Construction Contractor's Digest  |  Read the Full Article

A DuPont Chart is a way to show how finances work in a construction firm. It is a graphic that looks somewhat like the NCAA Basketball Tournament Playoff system. Many brackets on the left reducing to only one on the right. Since construction people are visually attuned, this is an effective way to show how several different variables affect the wealth of the firm. Said another way, many financial factors determine the Return on Net Worth (or Investment). Understanding how many and which ones allow your managers to positively... Read More

HEADLINES ADDED: April 26, 2007

FASB, IASB Begin Rethinking Leases

 |  from CFO.com: Today in Finance  |  Read the Full Article

The accounting standard setters take another step toward amending lease accounting, though a new standard remains at least two years away.... Read More

HEADLINES ADDED: April 25, 2007

Senate, House Agree on $4.8-B Small Business Tax Break

 |  from Top Stories from ENR.com  |  Read the Full Article

The chairmen of the House and Senate tax-writing committees have agreed on a $4.8-billion compromise package of tax breaks for small businesses, which they plan to attach to legislation raising the federal minimum wage.... Read More

HEADLINES ADDED: April 24, 2007

Labor to better disclose 401(k) fees (AP)

 |  from Yahoo! News: Business  |  Read the Full Article

AP - The Bush administration said Tuesday that it will look into ways to help people get information about fees and expenses assessed on 401(k) plans, which can drain hard-earned money from workers' retirement savings.... Read More

HEADLINES ADDED: April 19, 2007

Online Shopper: Who Charged This? You, That’s Who.

 |  from TP Wire Service  |  Read the Full Article

When people shop online, they get trigger happy because it has become so easy to point, click and pay. (Subscription required)... Read More

On B2B Demand Generation tools and Lead Generation Dashboards

 |  from B2B Lead Generation Blog  |  Read the Full Article

CEOs continue to demand better ROI measurement and accountability from marketers. As a result there’s been a surge of interest in software and tools to manage the process of lead management, lead nurturing and lead generation with a greater emphasis on measurability.  In 2005, I wrote a post predicting that lead generation dashboards would become a hot topic and according to the CMO Council's 2007 Outlook Report the time for marketing performance dashboards is now. The report states, "Seventy-five percent of respondents from companies with revenues of more than... Read More

HEADLINES ADDED: April 13, 2007

HEADLINES ADDED: April 09, 2007

HEADLINES ADDED: April 06, 2007

Measure What Matters

 |  from D. Brown Online - Project Management Productivity & Construction Operations  |  Read the Full Article

John Moore pointed out a great quote from Jack Welch: “Too often we measure everything and understand nothing. The three most important things you need to measure in a business are customer satisfaction, employee satisfaction, and cash flow. If you’re growing customer satisfaction, your global market share is sure to grow, too. Employee satisfaction gets you productivity, quality, pride, and creativity. And cash flow is the pulse—the key vital sign of a company.”-- JACK WELCH -- Thanks John for pointing this out again. With the advent of computer technology... Read More

The Great Game of Measurements

 |  from D. Brown Online - Project Management Productivity & Construction Operations  |  Read the Full Article

This morning Seth Godin makes some comments related to employees at Sears gaming the system setup by management to try to get customers served within 10 minutes. I completely agree with the comment at the end of the post. "Often, more effort goes into circumventing a system then it would take to just do a great job in the first place..." This is more of a "fact" than an observation and anyone who has tried to put measurement and reward systems in place knows this. Often when first trying... Read More

Scoreboards & Construction

 |  from D. Brown Online - Project Management Productivity & Construction Operations  |  Read the Full Article

I just read a great article in Contractor Magazine by Dennis Sowards called You Can Be Guided by Scoreboard, Dashboard. The article makes some great points about why a clear company scoreboard is necessary and also about the challenges of managing a company by a scoreboard that is populated with old information. We always work hard with clients to get them focused on this line of thinking - especially when it comes to providing feedback to the field where a lot of money is made and lost every day.... Read More

HEADLINES ADDED: April 02, 2007

High Performers Know The Score

 |  from Quality Support Services -  |  Read the Full Article

Newsmagazine of Mechanical Contracting SOWARDS ON QUALITY BY DENNIS SOWARDS , Quality Authority High Performers Know the Score QUALITY GURU Philip Crosby once told a story about a football team that lost its first two games in the season, both by a score of 14-13. The coach reasoned that the problem was that other teams had blocked one extra point attempt, while his team had blocked none. He figured that if his team had blocked two attempts he would have won 13-12. The coach set out to make this... Read More

HEADLINES ADDED: March 27, 2007

Cash Flow - Keep Water Out of Your Ship - Podcast

 |  from The Construction Contractor's Digest  |  Read the Full Article

Hear the beginning of our article on Cash Flow in Construction. Download file Email us at clientservices@stevensci.com for the remainder of the article. Limit 1 article per month. We will send it to you in three working days. Order our book published by McGraw - Hill, Managing a Construction Firm on Just 24 Hours a Day by going to stevensci.com... Read More

HEADLINES ADDED: March 17, 2007

Innovative Tools Help Companies Cut the Data Beast Down to Size

 |  from Top Stories from ENR.com  |  Read the Full Article

Suffering high costs and deep frustration used to be a rite of passage when growing companies decided it was time to integrate data systems to improve enterprise operations.... Read More

HEADLINES ADDED: March 11, 2007

Keeping Score

 |  from DYER PREDICTIONS  |  Read the Full Article

On his March 5th blog entry, Scoreboards & Construction, Dan Brown mentions an article written by Dennis Sowards called You Can Be Guided by Scoreboard, Dashboard. Dennis talks about how it is important for companies to use a "Scoreboard" to keep track of the company’s profitability, customer and employee satisfaction, safety, etc., and a "Dashboard" to keep track of the details that get the company to the end result (for example: cash available, invoices outstanding, etc). Projects also benefit from a Scorecard approach. A two-year study conducted by the... Read More

HEADLINES ADDED: February 23, 2007

Making Accounting Cool

 |  from CFO.com: Today in Finance  |  Read the Full Article

As demand for CPAs runs high, accounting firms are using creativity to sell potential accountants on the profession. One of the weakest things we see between all our construction clients is in the area of financial controls ranging from the accounting system through training of the project team on the basics of construction financials.... Read More