On-Site Construction Spring 2021 Newsletter

Here’s a brief glance at what you’ll find in the Spring issue…

Real estate ownership

The ins and outs of CAP rate for contractors

Many contractors build and build but never get to the easy part of construction: owning that well-built piece of property and collecting rent. Commercial rental properties with established tenants tend to be more stable investments than residential rental properties. This article examines how to use capitalization rates to establish commercial owner-lessor profitability for a purchasing decision. A sidebar suggests ways to get started on buying such properties.

Do you need a refresher on the latest details of the PPP?

For contractors, the Paycheck Protection Program (PPP) has been a double-edged sword: It’s provided helpful funds but also been difficult to manage. With the passage of the Consolidated Appropriations Act (CAA) late last year, both edges of the sword got sharper. This article provides a refresher on some key details of the CAA’s impact on the PPP.

Managing an offsite construction project

Given recent events related to COVID-19, “offsite construction” appears to hold more promise than ever for the building industry. However, managing one of these projects calls for a high level of coordination among stakeholders and a seamless workflow from the front office to the fabrication facility to the jobsite. This article examines some of the finer points of managing an offsite construction job.

6 hot trends in construction apps

Thanks to mobile technology, contractors can store vital project information on their smart phones and tablets for easy access and sharing on the go. With the understanding that any technology purchase (even a free download) should be thoroughly researched and carefully considered, this article identifies six of the hottest trends in construction apps right now.

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We welcome the opportunity to put our accounting expertise to work for you. To learn more about how our firm can help advance your success, please contact Dave Wolfenden or Kathy Corcoran at (302) 254-8240.

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