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Tag: revenue

Contractor Billings: Management, Strategy, & Effects on the Financial Statements

Updated 7/30/2019. In the construction world, management is key. It takes a tenured project manager to have a successful and profitable job, so when it comes to the billing department, take a strategic approach. Contractor billing breakdown Now some may be asking, “Why does billing matter? Don’t contractors earn revenue regardless of how much they bill?” And that is true – Generally Accepted Accounting Principles (GAAP) state that to be accurate, the best way for a contractor...

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Factors to Consider When Valuing Your Engineering Firm

By Amos Gibello You’re the owner of an engineering firm which you’re thinking of selling. Or maybe you’re trying to establish its worth in consideration of securing loans, partnerships, outside investors or a merger. Or you’d like to get a better handle on your net worth for estate purposes. Whatever the reason, here are some of the leading factors to consider while estimating your firm’s value. Revenue Growth — How have you done over recent years? Trending upward or down?...

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