The construction industry’s growing reliance on digital tools and connected technologies has increased exposure to cybersecurity threats. Contractors are especially vulnerable because of decentralized operations, large financial transactions and frequent collaboration with outside vendors and subcontractors. Cyber incidents can disrupt projects and compromise sensitive data, leading to significant financial losses if proper safeguards are not in place. In this article, I'll discuss the most common cybersecurity risks construction companies face and practical strategies to reduce exposure to cyber threats.
Six Steps to an Incentive Compensation Program for Contractors
In today’s competitive labor market, contractors are increasingly turning to incentive compensation programs to attract and retain quality workers. When thoughtfully designed, these programs can boost employee engagement, improve productivity and support long-term profitability. This article outlines six practical steps for developing an incentive compensation strategy that aligns with your workforce, operational goals and overall business objectives.
The CMAR Delivery Method Continues To Gain Traction in Construction
Diversified project delivery methods can benefit many contractors, and one worth considering is Construction Manager at Risk (CMAR). This delivery approach brings contractors into projects earlier, allowing them to provide input on budgeting, scheduling and constructability before ultimately assuming the role of general contractor under a guaranteed maximum price. This article explores how CMAR works, along with the potential advantages, financial risks and operational considerations contractors should evaluate before pursuing this increasingly popular project delivery method.
Supply chain disruptions have become a familiar challenge for many contractors, with delayed deliveries, material shortages and incorrect orders continuing to impact projects and profitability. But beyond operational setbacks, construction companies also face growing exposure to supply chain fraud and related financial risks. This article explores common types of supply chain fraud, why construction businesses are particularly vulnerable and the steps contractors can take to better protect their operations.
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.
