Second Quarter 2012
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| There will be math — Key financial ratios for construction companies | |
 | Contractors may have more fun getting their hands dirty than operating a calculator — but, in financial planning, there will be math. Yet, as this article shows, math is essential — especially in calculating financial ratios that are key to operating a successful construction company. These include the current ratio, working capital turnover ratio, and debt-to-equity ratio, along with return on assets and return on equity calculations. A sidebar discusses the bid-hit ratio, which measures success at project bids. Read More |
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| Stopping fraud at every level | |
 | This article offers tips on stopping fraud at every level. It discusses "lapping" schemes in the office, "ghost" employees and pilferage at the job site, and cybersquatting on the Internet, and provides suggestions for thwarting such practices. Read More |
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| Would you agree to IPD? | |
 | Imagine an architect putting together a team of construction professionals to work on a large project. The parties won't submit separate bids but truly work together from the start — going as far as to waive the right to file liability claims against each other in advance. Integrated project delivery (IPD), as this approach is called, has been steadily gaining steam over the last several years. But, as this article explains, it's important to accurately shape one's expectations going in. Read More |
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| 4 benefits of an electronic document management system | |
 | Although going totally paperless might always remain science fiction, implementing an electronic document management (EDM) system can provide many benefits. This article discusses four in particular: improved document workflow, mobile access to files, proper document retention, and better organization when preparing to consult one's financial and legal advisors. Read More |
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This publication is distributed with the understanding that the author, publisher and distributor are not rendering legal, accounting or other professional advice or opinions on specific facts or matters, and accordingly assume no liability whatsoever in connection with its use. ©2012 • PBR2q12 | |