In an age when image recognition, Big Data analysis and artificial intelligence are coming to define construction, outdated and inefficient contracting and construction management practices won’t cut ...

As a contracting business matures and develops, larger projects and higher bond amounts naturally come into focus. Yet, there may be an unanticipated hurdle. Bumping against the construction bond ...

Construction companies and contractors can choose among several accrual accounting methods specialized for their industry. They can also use cash accounting. If they choose accrual accounting, they ...

Construction businesses can use special accounting methods to recognize income. By selecting one of these methods, you can figure your taxes based on your progress in completing a construction ...

The assertion in a March 28 editorial that the multiple prime project delivery method, or, as the editorial described it, “a government soliciting sealed bids,” is the best choice for the Justice ...

Certain construction contractors may be eligible to use the cash or completed-contract method of accounting for regular income tax. However, these taxpayers may also be liable for alternative minimum ...

Officials approved a new station. You hired your architect. However, what will the project delivery method be? How will the construction be bid? When will the contractor come onboard? Who will hold ...

The National Renewable Energy Laboratory has already awarded its first CCCA contract with a flagship project to build a research and development facility at its Golden, Colo., campus. Inspired by the ...

To readers: Sponsored columns consist of paid content from companies and organizations that have information and opinions to share with the business community. They do not represent the views of ...

The idea was to speed up hospital construction, but the contracting approach the U.S. Department of Veterans Affairs switched to in 2009 had disastrous results. VA officials decided that year to use a ...