The term "stormwater" refers to any runoff after rain or snow from a barren piece of land, an area with vegetation, or constructed areas such as paved streets and rooftops. Stormwater discharges can contain pollutants in large enough quantities to contaminate a water supply. If a construction project will disturb one or more acres, you may be required to obtain a stormwater permit under the federal Clean Water Act. Even if a project will disturb less than one acre, you may need a stormwater permit if it is part of a larger development plan.
In the News
Thursday, May 6, 2021
Thursday, April 22, 2021
Acquiring or increasing your firm's bonding capacity can open a whole new market of jobs. It can allow you to take on a multitude of public works projects or larger, more profitable, higher-profile private jobs that require a more hearty bonding capacity than what you, or your agent, are used to.
Thursday, April 8, 2021
As construction firms evolve, they quickly outgrow their first generation accounting software packages.
Thursday, March 25, 2021
General contractors for big-budget construction projects look for ways to manage risks, including the possibility that subcontractors won't perform the work they were hired to do.
Thursday, March 11, 2021
Sooner or later, most construction firms need financing for an expansion, new equipment or a new facility. The process of approaching a lender can be daunting, but with a few well-planned steps, you can boost your chances of successfully finding the money you need.
Thursday, February 25, 2021
Let's say you're an electrical contractor. One of your employees bumps into an unoccupied scaffold on a construction site and destabilizes it. Which actions should you take to ensure the safety of workers and avoid liability?
Thursday, February 11, 2021
Buying another construction firm can be an attractive way to grow your company's revenue base. A merger or an acquisition can allow you to: •Add a new subcontracting specialty, •Acquire an experienced labor force to reach new markets, and •Deepen your penetration into the market your firm already serves.
Thursday, January 28, 2021
Financial statements are a must-have for any organization. The balance sheet reveals how much its assets and liabilities are worth based on historic costs. The income statement tells investors and lenders how profitably and efficiently the company has performed during the accounting period. The statement of cash flows details sources and uses of cash from operating, investing and financing activities. All this is relevant information for company insiders, as well as for lenders, bonding companies and other stakeholders.
Thursday, January 14, 2021
Construction project financing and cash flow management are unique for several reasons.
Thursday, December 31, 2020
Three bricklayers are working on a job site. The first describes his job as "laying brick," while the second says he's "building a wall." But the third explains he's "constructing a children's cancer research facility."