The Runjob Review - Week of 12/12/2016

The Runjob Review highlights weekly news, topics, and trends in the construction industry.

- Week of December 12, 2016 -

Embezzlement: Password Protection

Protecting your company passwords is like protecting any other asset. Protect them or risk losing confidential information and/or thousands of dollars.

What is embezzlement?
This subject is one that should primarily concern company owners, but also employees. Embezzlement is a crime punishable by jail time and/or fine depending on the state; it is the stealing of funds or property by a trusted protector of these. .. Read More >

Escrowing Bid Documents: What, Where, How, Why, & When?

Escrowing your bid documents and estimate calculations allows the contractor and owner to review all documents relied upon and created by the contractor as of bid day. If this method of price evaluation is accepted by the owner, it can be an invaluable asset during a project dispute ... Read More >

Reader Response

This Week's Question

Some owners, and even competing contractors, believe that a significant bid strategy for contractors in regards to collecting profit is to "make it up in change orders". The theory goes that a contractor will try to win a project including only a minimal fee in hopes that enough change order work will be negotiated during the course of the project to "make up" for profit purposefully omitted at bid time.

Do you believe this is a common practice in the industry?

A) Strongly disagree.

B) Disagree.

C) Neutral.

D) Agree.

E) Strongly agree.

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Choosing a Professional Services Provider

How do you pick an attorney, a banker, a certified public accountant, an insurance agent, or an engineer? General: As a contractor, you need the following professional services. .. Read More >

Calculation of Workers' Compensation (WC), General Liability (GL) & Bond in your Estimates

Many estimators do not understand how workers' compensation, general liability, and bond costs are calculated. This article discusses these calculations and how to properly include them in ... Read More >

Trending Stories

Software Reduces Overhead Labor

Labor. It may be your largest, but is most certainly your most volatile, construction cost. The craft labor is the major cost, but the overhead labor can eat into budgets as well too... Read More >

The "All Zeroes One" Code Prevents Lost A/P Invoices

A key component of job cost reporting is accurate posting of accounts payable (A/P). The time between receiving the invoice in the mail and posting it to your job... Read More >