Construction contracts are especially vulnerable to fraud. According to a global study from the Association of Certified Fraud Examiners, the median loss in over 40 construction fraud cases was about $245,000. For small or mid-sized companies, that amount is staggering. What’s more, small organizations report more instances of fraud than their larger counterparts.
Work in progress figures might not sound like something you need to think much about. That’s accounting’s job, right?
Lack of communication is bad news for any company, no matter the industry.
We’ve heard it all before.
Contractors often finish out the year with less money than they expected. When you think about the moving parts of a large-scale construction project, it’s no surprise that little things eat into your bottom line.
School audits can be tough. Especially for the independent school. Continue Reading