Balance Sheet Basics for GCs: WIP, Over/Under Billings, and Retainage Receivable
WIP, overbillings, underbillings, and retainage receivable live on the balance sheet, not the P&L. Here's a step-by-step monthly checkli...
Subcontractor Default: Early Warning Signs and Contingency Planning
Subcontractor default rarely arrives without warning. Learn the key signals to watch for on every active subcontract and the step-by-step co...
Architect Sign-Off vs. Owner Sign-Off on Change Orders: When Each Is Required
Architect and owner signatures on a change order mean different things. One confirms design scope. The other commits the money. Here is when...
Pay-When-Paid vs. Pay-If-Paid: What Every GC Needs to Know
Pay-when-paid and pay-if-paid sound alike but carry very different risks. Here is what a GC needs to know before writing either clause into...
WH-347 Certified Payroll: What Auditors Look At First
Certified payroll audits tend to cluster in Q1 and Q2. Here are the five things auditors check first on WH-347 forms, and how GCs can prepar...
AI Document Extraction for Vendor Invoices: Practical Use Cases for GCs
AI document extraction reads vendor invoices, sub pay apps, and lien waivers and routes structured data straight into your job-cost ledger....
Reading a Construction P&L: By-Job vs. Consolidated and When to Use Each
A consolidated P&L shows the whole company. A by-job P&L shows what's actually happening on each project. Here's how to read both, and when...
Joint Checks on Commercial Jobs: When to Issue Them and How to Track Every Dollar
When a subcontractor's supplier calls threatening a lien, joint checks can protect you. Here's when to issue them, how to do it right, and h...
Cost-to-Complete Estimating: The Key to Accurate WIP Reporting
Accurate WIP reporting depends on forward-looking cost-to-complete estimates, not just budget math. Here is how to build CTC figures by cost...
Certificate of Insurance Tracking: A GC's Checklist for Renewals and Lapsed Coverage
A practical checklist for GCs to collect, track, and enforce subcontractor certificates of insurance, including renewal alert schedules and...
Schedule of Values Best Practices: Lump-Sum vs Unit-Price Contracts
Lump-sum and unit-price contracts require different Schedule of Values structures. Here's how to set up your G703 correctly for each contrac...
Migrating from QuickBooks to Construction-Specific Accounting: A Practical Guide
QuickBooks works until it doesn't. Here's how to migrate to construction-specific accounting software without derailing your active jobs.