The Runjob Review highlights weekly news, topics, and trends in the construction industry.
- Week of May 15, 2017 -
Balance Sheet - Knowing the Basics of Assets
Knowing the basics of accounting is essential in business. Knowing the balance sheet will help you assess your own financial health as well as that of your clients or subcontractors. Here are some basics on the balance sheet and, specifically, the
assets section
Read More >  
It's great that your estimators just landed a new project, but your   competitive advantage can be lost without a synchronized handoff to the field team. Make  sure to have a formal meeting between the estimating and project management teams
before the project starts ...  Read More >  
Bid Unbalancing - How It's Done to Increase Profit
Contractors unbalance unit prices in their bids to take advantage of anticipated quantity overruns and underruns. An intelligent unbalancing of the unit prices can result in higher profits. Of course, that's the contractors' goal. Review the example provided to see how it's done...  Read More >  
Reader Response
This Week's Question 
Have you ever had a client require your financial statements prior to offering you a contract?

A) Yes.
Runasset: On-Demand Asset Management
Runasset lets you track your small tools to heavy equipment using any iOS or Android smartphone or tablet!

From office equipment to power tools, field instruments to fleet vehicles... Know where it is and who has it, complete
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Award Reversed Because of No Expert Testimony
A Washington concrete contractor, Salinas Construction, Inc. (SCI), was awarded $404,000 of its requested $425,000 for a job at U.S. Army Joint Base Lewis-McChord only to see this decision  reversed in district court. The problem was that SCI did not offer expert testimony, despite warnings ...  Read More >  
Concrete Formwork - Pressure not a Function of Wall Thickness
Just a quickie on formwork pressures.  One of my foremen once asked me if we needed more form ties in a 24" thick wall versus a 12" thick wall.  That answer is "no".   Concrete, when being placed, is liquid.  Just like water.  And as all carpenters know, form ties are used to resist pressure pushing against the forms.  The difference in pressure is only a function of two variables:  the density of the liquid ...  Read More >  
Balance Sheet - Knowing the Basics of Assets
Estimate Handoff - Estimators to Field Team
Bid Unbalancing - How It's Done To Increase Profit
Award Reversed Because of No Expert Testimony
Concrete Formwork - Pressure not a Function of Wall Thickness
What's In The Code?
Download our iOS or Android app below to scan & find out what's in this week's code!
Hawaii News
Honolulu-based firm gets $13M order for dry dock repairs at Pearl Harbor
Hu Honua, HELCO reach new power purchase agreement for Big Island biomass plant
Hawaii health officials fine Honolulu, contractor $700K for Clean Water Act violations
HI Road Work Alerts
Crane Watch: Oahu
Top Industry Stories
The Dotted Line: What contractors need to know about the AIA's 2017 contracts revamp
Feds choose unnamed finalists to build Mexico border wall prototypes
Industry Pulse: The latest construction data and statistics
NYC contractor charged with manslaughter in worker's death
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