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Cost Overruns in Construction Projects And How to Manage Them

Steve Feinberg

Improperly filled-out invoices, missed tax payments, or inaccurate purchase orders mean that other teams are operating under false pretenses, and sometimes these errors aren’t accounted for until the project is complete. Administrative Errors. It’s a fairly commonly understood aspect of business: People don’t work if they don’t get paid.

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Cost Overruns in Construction Projects And How to Manage Them

Steve Feinberg

Improperly filled-out invoices, missed tax payments, or inaccurate purchase orders mean that other teams are operating under false pretenses, and sometimes these errors aren’t accounted for until the project is complete. Administrative Errors. It’s a fairly commonly understood aspect of business: People don’t work if they don’t get paid.

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Bookkeeping for Remodeling Business: 5 Strategies to Consider

Steve Feinberg

This unstable cash flow makes it hard to estimate revenue and is affected by other highly individualized factors like wage rates, materials costs, insurance fees, equipment repairs, overtime, taxes, and a host of other surprises. Project-specific costs (such as payroll, subcontractor payments, and materials purchases).