FCA Surety

In our next Surety Corner, Mathew Manol and I talk in more detail about the idea of percentage of completion revenue recognition and the importance of tracking work in progress and deferred revenue on your contracts. Enjoy.

Thanks again to Sukhmeet Nagra, CPA of I&A - Chartered Professional Accountants - Tax & Consulting for his contributions once again!

Surety Corner: Construction accounting, a class of its own - Revenue recognition - constructconnect.com In this Surety Corner’s second construction accounting instalment we take a deeper look at revenue recognition for contractors. Specifically, we will review the “Percentage of Completion” calculation and why it is the most commonly used revenue recognition method amongst contractors who have a...

This week, the former President of the Ontario General Contractors Association, Clive Thurston agreed to write an article for Surety Corner discussing his thoughts on the root causes of the supply chain disruptions and the fundamental change in thinking to protect us from these disruptions in future. Thanks Clive!

Enjoy!

Surety Corner: Supply chain challenges — what went wrong in construction - constructconnect.com I’m sure that like me, many of you have been following the numerous stories that have been appearing for the last few years regarding the supply chain and labour shortages that are impacting the construction industry. Like you, I have followed these stories with great interest and at the request o...

In this edition of Surety Corner we talk about contractors getting into the development business and what to think about to ensure it is a fruitful expansion and one that doesn't negatively impact your construction business.

Surety Corner: Contractors increasingly pushing into development works - constructconnect.com Over the past 15 to 20 years, many contractors have decided the housing development industry, given its adjacent nature to construction and the significant growth and profits in the industry, is a great area to expand their operations. While certainly a worthwhile and profitable industry, contractor...

In the final installment of our "Is your bond company slowing your growth" series we talk about some of the intangibles including character, relationship and trust and how to best foster these to ensure a strong bonding relationship in good times and bad. Enjoy.

Surety Corner: Is your bond company slowing your growth? Part 5 - constructconnect.com Over the past four articles of Is your bond company slowing your growth, we have covered a variety of topics that could be impacting your bonding limits and how you can tackle those. These have ranged from managing capital and how the bond companies view certain financial items to ensuring that you....