#construction
Accounting practices for construction businesses including job costing, WIP schedules, and retainage
A CM at risk caps cost with a guaranteed maximum price and open books; a GC bids fixed on finished drawings — pick by design status.
Direct federal buys follow the Buy American Act while grant-funded infrastructure follows BABA - 100% US iron and steel, 55% domestic manufactured products.
SBA CAPLines are 7(a) credit lines up to $5M in four types — Seasonal, Contract, Builders, Working Capital — with 10-year terms and prime-based rates.
Fixed-price puts overrun risk on you; cost-plus puts it on the client. Price either from burdened labor, add overhead recovery, and track each job weekly.
Customer deposits are liabilities, not revenue — book them right, charge mobilization honestly, and job-cost every build by code.
Bid drainage tile by the foot: 30-foot spacing doubles footage per acre versus 60-foot. Price the outlet separately, and use Section 179 on the plow.
KB Home's FY2026 Q3 revenue fell 20% to $1.30B and net income 41% to $65.3M, yet housing margin rose to 16.5% and backlog grew for the first time in four years.
Reconcile plant tickets to tons weekly, load crew-day rates with burden and iron, and bank 8-12 weeks of overhead before winter shuts paving down.
Quote wallpaper per roll or square foot, cost prep separately, allow 10–25% pattern waste, and book deposits as unearned revenue — not income.
Dyed diesel in a highway vehicle costs the greater of $1,000 or $10 per gallon under IRS rules. Know the legal off-road uses and reclaim tax with Form 4136.
Sand and gravel pits get 5% percentage depletion under IRS rules — compute cost and percentage methods yearly, claim the larger, and mind the 50%-of-income cap.
Under the FLSA, day-rate and piece-rate workers still earn overtime: divide weekly pay by hours worked, then add a half-time premium for each hour over 40.
