Industry Newsletter

Construction Financial Performance Brief By Precision Accounting Consulting LLC In working with mid-market commercial contractors and trade professionals, we frequently see companies reporting strong revenue growth while quietly experiencing margin erosion, bonding pressure, and working capital strain. Revenue is rarely the issue. Financial control is. As contractors scale — adding crews, expanding territories, or increasing

A Precision Accounting Consulting LLC Guide for General Contractors & Union Contractors In today’s construction environment, margins are tight, competition is high, and costs are rising faster than ever. Yet more than 70% of contractors still do not perform proper job costing—meaning most have no clear idea what they actually earn on each project. At

Don’t Let Insurance & Labor Costs Eat Your Profits As a contractor, pricing out a new project isn’t just about materials and labor. One critical factor that often gets overlooked is insurance costs, specifically General Liability (GL) and Workers’ Compensation (WC). These costs increase as your business grows, and if you’re not factoring them into

In this edition, we explore the significant tax benefits you can gain from offering fringe benefits on prevailing wage jobs. Understanding these benefits can not only improve your financial planning but also enhance your workforce satisfaction and retention. implementing these accounting practices, construction companies can enhance financial control, project profitability, and overall business success. Regular

Effective accounting practices are crucial for the success and financial stability of construction companies. Here are some accounting tips and practices tailored for the construction industry: By implementing these accounting practices, construction companies can enhance financial control, project profitability, and overall business success. Regular reviews and adjustments to financial processes will contribute to the long-term