WIP Schedules That Sureties Trust: Five Keys to Stronger Bonding Capacity
A reliable work in progress (WIP) schedule is an important tool for construction companies to demonstrate financial strength, manage project performance and support bonding capacity. Accurate estimates, timely recognition of job losses and consistency with financial statements can help contractors build credibility with sureties and identify issues early. In this article, I will discuss how contractors can use their WIP schedules to strengthen financial reporting, improve bonding capacity and support long-term growth.
Private equity firms are investing heavily in construction companies, creating new opportunities for owners looking to grow or plan an eventual exit. Before pursuing a deal, it's important to understand how private equity investments work, along with the financial, operational and tax implications that can affect your business long after the transaction closes. This article explores what to consider before bringing a private equity partner into your business.
What’s in a Name? DBA Filings for Construction Businesses
A "doing business as" (DBA) filing can be a simple, cost-effective way for construction businesses to operate under a different name without creating a separate legal entity. Whether you're expanding into new markets, launching a new service line or rebranding your business, a DBA can provide valuable flexibility. In this article, you'll learn how DBAs work, when they make strategic sense and the key legal and operational considerations to evaluate before filing.
Artificial intelligence is rapidly evolving, and the next wave of innovation is agentic AI—technology that can analyze information, make decisions and complete tasks with minimal human intervention. For construction companies, this has the potential to improve project management, streamline operations and enhance decision-making. In this article, you'll learn how agentic AI works, where it can add value and the challenges to evaluate before implementation.
Dannible & McKee, LLP is a leading CPA firm that has been providing audit, tax, accounting and financial management consulting services to clients nationwide since 1978. Known for our technical expertise and deep industry experience, we are committed to delivering high-quality service tailored to our clients' needs. As trusted advisors to the construction industry, we are highly respected among construction leaders and actively engaged with many organizations that shape the sector. We stand out from our competition by conducting one-on-one, year-end planning meetings to review your operations and plan for income taxes, banking and bonding concerns. With a comprehensive understanding of all aspects of construction, we help businesses navigate daily operational challenges, maximize cash flow and develop long-term strategies for sustained success.
