Contractor's Common sense guide

 Items included in this section:

• 1) Steps to qualify for bonding (information needed)
  
• 2) Why is bonding difficult?
  
• 3) Steps to insure bondability
  
• 4) Forms (and steps) necessary to get a bid bond approved (as well as a low bid spread)
  
• 5) Financial statements needed -
  

- Year-end CPA Review Percentage-of-Completion with proper schedules/footnotes

- Year-end personal financial statement of principal owners/stockholders

- Six-month Percentage-of-Completion company statement with work-in-progress and completed job schedules 

 Items included in this section:

1) All state lien laws

2) Sale of stock agreement

3) Option to purchase stock agreement

4) Bankruptcy guidelines

5) How to deal with "no damages in delay" clause

6) Capital retention and indemnity agreement

7) Buy-sell agreement

8) Lease agreement

9) Continuity agreement

10) Pre-contract signing (questions and/or actions)

11) Contract clauses

12) Open joint venture agreement

13) Silent joint venture agreement

14) Safety questionnaire

 Items included in this section:

1) Filing system

2) Organizational chart

3) Construction fraud questionnaire

4) Sample business plans

5) Sample letter to owner/builder prospects

6) Evaluation guide

7) Surety reference letters and letters of intent 

 Items included in this section:

1) Contractor (or sub) pre-qualification guidelines

2) Subcontractor pre-qualification application

3) CPA pre-qualification questionnaire

4) Questions to pre-qualify your bank 

 Items included in this section:

1) Characteristics of Key Personnel

2) Relationships

3) Ways to Lead People and Make Changes 

 Items included in this section:

1) Guidelines to choose and/or prequalify a job (use to make sure it is compatible with your company's experience, financial ability and has reasonable, attainable circumstances)

2) "Financing" set-aside (confirmation) agreements

3) Specific job management guidelines

4) Project management and control documents (includes a flash drive containing text documents and spreadsheets designed to facilitate management of several simultaneous projects by a single project manager) 

 Items included in this section:

1) Concerns and shortcomings

2) Negative trends

3) Things to evaluate

4) Contractor checks and balances 

 Items included in this section:

1) Sample financial statement

2) Financial statements and accounting terms explained

3) Financial statement analysis

4) Job status report

5) Accounting code chart of accounts

6) Accounting for owner paid materials

7) Financial questions and actions (checks)

8) Deferred tax estimating procedures

9) Cash flow checklist (cash reconciliations)

10) In-house financial statement

a. Omissions
b. Use job status report to compute and adjust over/under billings
c. Do retained earnings equal prior fiscal year-end plus or minus current net profit?

11) How to determine break-even sales

12) Changes that affect working capital

13) Pre-tax net profit forecast - how to?

14) Analysis of subcontractors

15) Financial effects of cash outlays

16) Why do contractors change CPAs?