Perspectives on the Construction Industry

Fall 2009

When Every Dollar Counts

The economic downtown has only heightened the need for contractors to look for ways to save money and increase revenues. A top-to-bottom review of your operations may reveal some surprising areas where significant savings can be found. Read more...

Controlling Risk in Long-Term Contracts

Long-term contracts can be lucrative for contractors, but sureties can be nervous about the many risks associated with such commitments. Contractors can take a variety of steps to protect their businesses and reassure sureties when assuming the risks of long-term contracts. Read more...

Keeping Good Project Records Makes Sense

Contractors can take a variety of steps to minimize cost overruns, keep a project on schedule, and reduce the potential for litigation. One of the most effective is to keep detailed and timely records that cover every aspect of a project from start to finish. Read more...

Tapping into the Expertise of Outsiders

Many contractors recognize that they need to spend time thinking about the big picture - the growth, direction, and management of their companies. Unfortunately, they are either too caught up in the day-to-day work of running their businesses or too uncertain about their strategic planning skills to give important issues the attention they deserve. Read more...

Developments in Tax and Business

ENERGY STAR trend on the rise, IRS plans to audit more federal employment tax returns, new vehicle deductions much higher than for a used vehicle. Read more...

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The general information in this publication is not intended to be nor should it be treated as tax, legal, or accounting advice. Additional issues could exist that would affect the tax treatment of a specific transaction and, therefore, taxpayers should seek advice from an independent tax advisor based on their particular circumstances before acting on any information presented. This information is not intended to be nor can it be used by any taxpayer for the purpose of avoiding tax penalties.