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P.O. Box 1750, Cockysville, MD, 21030
Construction Insurance Bulletin
Online Payroll Options For Your Construction Business
Labor costs for your construction business can account for a significant portion of your budget, making payroll an important priority. But tracking wages, overtime, taxes, and other details is complicated. Choose an online payroll service to reduce paperwork and maximize your time while fulfilling your payroll obligations efficiently and accurately.
A popular construction software service, CoConstruct uses a GPS-enabled time clock to track employee hours automatically. You and your employees no longer have to fill out paper time sheets or try to remember details about the work day. The CoConstruct time clock works on mobile devices and laptops, and you can access the information from your desktop, tablet or phone. In addition to payroll, use this software to complete project estimates and budgets.
Classify employees based on their individual wage rates, print completed wage reports and integrate payroll details with the total job cost thanks to ComputerEase. It offers cloud-based accounting and payroll services that help you avoid mistakes, stay compliant with your accounting practices and reduce liability. Consider ComputerEase also if you’re frequently on the go between job sites.
FOUNDATION Construction Accounting
FOUNDATION offers a payroll module designed specifically for construction professionals. It utilizes cloud-based and on-premise software to perform simple as well as complex payroll operations such as union wages or multiple state calculations. FOUNDATION also simplifies timecards and provides quick access to accurate payroll reports when you need them.
Sage 100 Contractor
If your construction business needs customized payroll services, consider Sage 100 Contractor. It offers two levels of payroll assistance. Sage People adds payroll transactions to your company’s general ledger and includes human resources features. Sage Payroll Management and Processing offers comprehensive payroll services that’s ideal if you run a midsize or large company. You can also use this software’s interactive dashboard to track your company’s performance and manage everything from estimates to final bills.
Construction business of all sizes can use Spectrum’s cloud-based accounting services. This software allows you to manage payroll and your general ledger. Use the iOS or Android app to track labor and your employee’s equipment usage. You’ll enter the mobile data manually to calculate payroll and manage human resources details.
These suggestions are just a few payroll options you could use. However, they are all geared to the construction industry. Other options may not provide the customized fit your company needs.
For assistance choosing a payroll service, request a demo. Try out the software or app and make sure it meets your needs and is easy to use.
Make sure your construction liability insurance is also up-to-date. While online payroll services are generally accurate, accidents can happen, and you want to protect your company.
HMS Insurance Associates, Inc.
How To Asses Tradesmen For Your Contractor Business
The construction industry relies on skilled tradesmen who specialize in different jobs like plumbing, electrical or drywall installation. As a contractor, you may hire dozens of tradesmen for a project.
Assess a tradesman's skill, experience and qualifications in several ways as you ensure the job is done right.
Ask for References
A plumber may say she has experience repairing water treatment system pipes, but you must verify her experience before you hire her. Contact the references she provides and ask about her quality of work, reliability and timeliness. Use this information to decide if the subcontractor is right for your specific project.
See Proof of Insurance
If a tradesman installs the wrong material or otherwise delays the construction project or damages the existing building, you could be liable. Ask the tradesmen you hire to verify insurance coverage, and keep a copy of their current business owners or liability policy in your files.
Evaluate a Tradesman’s Subcontractors
The tradesmen you hire may employ subcontractors, too. Assess these subcontractors as you verify that everyone on the job site will maintain high-quality work and safety standards. If you cannot personally vet the subcontractors, include a clause in the contract stating that the tradesmen are responsible for the actions and behavior of their subcontractors.
Sign a Safety Policy Agreement
Because every construction site includes safety risks and potential hazards, you will need a safety policy agreement for each project. It outlines specific job site risks and details ways to reduce accidents, and you and the tradesmen will both review and sign the agreement.
Agree to a Contract
You and the tradesmen you hire should agree to and sign a contract that includes details like the work requirements, timeline and payment. Prepare new contracts for each project and tradesman, store a signed copy in your records and provide a copy to the tradesman.
Perform Regular Assessments
You may work with the same tradesmen for years, but you should still perform regular assessments for each new project. These assessments ensure that the tradesmen you hire continue to provide quality work and maintain a safe environment.
Monitor the Job Site
While your assessment of tradesmen is important, continue monitoring the job site. Be sure your tradesmen continue to comply with their contract. If you see concerns or violations, address the tradesman directly and ensure changes are made. With regular monitoring, you catch problems while they’re still manageable and keep the project operating smoothly.
Your construction business relies on a variety of skilled tradesmen. Assess each one carefully as you produce quality work, maintain safety and protect your reputation and business.
HMS Insurance Associates, Inc.
Tips To Become A Mobile Home Remodeler
Mobile homes offer an affordable housing option for many families. They require different repair techniques than traditional homes, though, and very few construction professionals specialize in mobile home remodeling. Consider joining this field as you expand your construction business. Use these tips to begin your new career.
Overcome the Poverty Stereotype
The stereotype that mobile home owners are poor is outdated, and you must overcome this stereotype before you begin your new remodeling career. Many mobile home owners today appreciate the opportunity to save money on home ownership or choose this affordable housing option when they’re ready to downsize. Also, most mobile home parks today are maintained and well-kept. Park managers also implement rules and regulations homeowners must adhere to.
Appreciate Better Mobile Home Construction
Mobile home construction has improved over the decades, and most of them are easy to work on. You’ll enjoy a straightforward design that’s fairly consistent among all models, which makes your job easier. Also, most mobile homes feature a generous crawl space, giving you plenty of room to work.
Learn About Mobile Homes
Take time to learn all you can about mobile homes and their maintenance needs and repair techniques before you expand your business. These homes require different repair techniques than traditional houses, and you’ll want to know as much as possible before you offer mobile home remodeling services.
Offer Reputable Service
Your reputation as a skilled, reliable and honest construction professional will help you land more clients. Work hard to cultivate this reputation and become an asset to your community.
Contractor general liability insurance is a necessity for your mobile home remodeling company. It protects you if you accidentally damage property or make a mistake. Discuss your needs with your insurance agent as you get the right coverage for your business.
Partner with other Experts
In your community, other construction professionals may also specialize in mobile home HVAC, roof repair or critter removal. Contract or partner with these professionals to expand the services you can offer and gain valuable referrals.
Advertise your Services
Get the word out that you’re available for mobile home remodeling projects.
First, create a website and claim your social media profiles. Include your contact information and and experience, details about completed projects, and testimonials from satisfied customers.
Second, contact mobile home dealers and park managers who can refer your services. Share your business card and details about your company.
Finally, place ads on community bulletin boards and your local newspapers as you spread the word about your company.
Mobile home remodeling is a specialized field that can yield big rewards. Use these tips to expand into this field and grow your construction business.
HMS Insurance Associates, Inc.
Spring Maintenance Tips For Your Construction Vehicle
Your construction business requires a reliable vehicle. This spring, perform several maintenance procedures on your truck. Routine maintenance equips your truck to operate properly all season and prolongs the life of your vehicle.
Your vehicle’s tires, including the spare, must be properly inflated and have adequate tread. Check for wear, buckles or bulges, too, since a compromised tire could easily pop as you drive over rough ground on the way to job sites.
Change the oil to ensure your vehicle operates at peak performance this year. Replace or refill the transmission, brake, power steering, and windshield washer fluids also, and purchase extra fluids in case you need to top them off during the year.
Tune the Engine
Inspect the engine, including the battery, powertrain control, and ignition. They must be in good working order so that your vehicle operates efficiently.
Replace Belts and Hoses
Your vehicle’s belts and hoses affect various engine parts that are essential for operation. Inspect the belts, hoses and clamps for wear, and replace them if necessary.
Boost the Brakes
Inspect the brake system and replace the linings, rotors or drums if they’re damaged or worn. Remember to also change the brake fluid.
Inspect the Suspension
Your vehicle’s shocks and struts improve your ride, so inspect the suspension. Replace noticeably worn parts.
Improve the Lights
Improve visibility when you buff scratches from the headlights and taillights. Replace any broken lights or fuses also.
Charge the Air Conditioner
Charge the A/C so your vehicle remains cool as you drive to and from job sites. If you notice leaks or damage, schedule a repair.
Replace Wiper Blades
Replace worn, cracked or broken wiper blades. They improve your visibility during all weather conditions.
Detail the Interior and Exterior
Wash the entire exterior of your vehicle, including the undercarriage, to remove winter ice and grime. You can also wax your truck to protect its finish, and touch up any scratches that could turn into rust or affect your brand image. Clean trash out of the interior also and wipe the surfaces as you create a tidy vehicle.
Check your tool box and first aid kit, and replace any broken or missing items. Additionally, stock invoices, mileage reports and business cards so you’re prepared to manage and share your business.
Purchase Adequate Insurance
Double check that your commercial auto insurance policy includes adequate coverage. It should include liability, medical, uninsured and underinsured, comprehensive, and collision coverage with adequate limits to protect your assets.
In addition to these spring maintenance tips, schedule regular maintenance throughout the summer season. Proper care protects your truck and your construction business all summer.
HMS Insurance Associates, Inc.
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