Posts Tagged ‘Tim Ayler’
by Tim Ayler, CPA and Alicia Rader, CPA | Team Members of the Construction Services Group
Many contractors equate success to winning bids. While that certainly is partially true, there are several other factors which determine how successful the bidding process really is. As of late, many contractors are putting less markup in their bids in order to be more competitive and to increase their chances of winning the work. Others are struggling to win bids so they are expanding their geographic boundaries or bidding on types of work that they have not successfully completed in the past. Whatever your construction company is doing to win bids, we hope it has contributed to your company’s profitability.
Continue reading “Bid-Hit Ratios and How They Apply to Contractors” »
by Tim Ayler, CPA
Partner, Director of the Construction Services Group
How did this happen? Average Builder, Inc. just wrapped up a $1,000,000 construction job, and realized that their job netted a profit of just $10,000, or 1%! While this may seem out of the ordinary, we have seen far too many real situations like this during reviews of various client job schedules for the year ended 2010.
Continue reading “Looking at Labor Productivity to Increase Profits on Jobs” »
by Tim Ayler, CPA | Partner, Director Construction Services Group
Change orders are a common occurrence for most contractors. Although it is common, the treatment of change orders in the accounting system is something that is not always done correctly. Sometimes change orders go without pricing even though the work is defined and costs are incurred. Once the price is negotiated it could result in the change order being treated differently for accounting purposes, so it is best to record it conservatively and correctly the first time.
Continue reading “The Accounting Treatment of Change Orders” »
by Tim Ayler, CPA | Partner, Director of the Construction Services Group
No matter what your upbringing, there is a good chance you have heard the story of Noah and the ark. While the events happened a long time ago, it is relevant in today’s construction economy. How? Because Noah believed it was going to rain and instead of just watching it rain, or just measuring the rain, he did something about it and built an ark. If you believe there may be difficult times ahead, do not sit by and watch the changes impact you, get involved and do something about it.
Continue reading “Noah Built an Ark, What Are You Doing?” »