David Jean | Albin, Randall and Bennett

A Construction Company’s Guide to Approaching Today’s Risk Management

As with all industries, the construction sector continues to realize the far-reaching effects of COVID-19 crisis. Now, more than ever, it’s imperative for a construction company’s risk management approach to be aggressive and proactive. With postponed and canceled projects, labor shortages, vendor and supply chain constraints, rising costs, and economic uncertainty, construction companies must carefully

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SBA’s HUBZone Program: 2020 Program Improvements, Updated Residency Requirements, and Contracting Changes

The SBA modified the Historically Underutilized Business Zone (HUBZone) Program at the end of 2019 to address long-standing uncertainties for small business investors and government agencies utilizing HUBZone companies. The program was established in 1997 and launched in 1999 to provide contracting opportunities, such as set-asides, sole-source awards, and price evaluation preferences, to small businesses

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A Path to Success: Back to Construction Business Basics, Part II

ARB recently issued Part I of a two-part series, which focused on the basics that keep construction businesses on track for short and long-term success. Basics for maximizing cash flow, minimizing costs, and reviewing procedures, like job costing. Contingency planning and strategy are important, even mid-crisis. We encourage construction companies to keep your momentum, keep

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Business Planning Solutions: Maintaining Adequate Cash Flow for Closely-Held Businesses

The effects of the COVID-19 crisis brought an end to the longest run of economic expansion in US history, leaving many businesses searching for creative ways to maintain payroll and operations. A lot can be said for the assistance provided to businesses through recent legislation; however, the programs and provisions made available through legislation like

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