Work in process (WIP) is a common term in manufacturing, often tossed around loosely. WIP is sometimes used interchangeably with “work in progress.” However, WIP…
The Inflation Reduction Act (IRA), passed in 2022, aims to boost domestic energy production and includes significant updates to the Accelerated Cost Recovery for Green…
Earned wage access (EWA) is catching on across various industries. Many different types of employers are using it to help attract and retain employees, but…
It may sound like something out of a blockbuster science fiction movie: digital transformation. Yet, it’s a very real trend in many industries, including construction.…
You’ve put up a fence around the jobsite. Your heavy equipment is turned off, and the keys are stored securely. Your materials are tied down…
With the 2025 tax filing season underway, be aware that the deadline is coming up fast for businesses to submit certain information returns to the…
A new law in New York that took effect December 30, 2024, will directly affect the bidding process for many contractors and subcontractors. All contractors…
Construction businesses are an attractive target for ransomware attacks. In fact, according to a recent study by NordLocker, a developer of encryption software, the construction…
When project owners invest in construction jobs, they invariably look for long-term value. Whether road, residence or commercial real estate, the final deliverable needs to…
Contractors often struggle to find suitable buyers for their companies when they’re ready to retire or otherwise move on. That may be why many construction…