Assurance Director Kyle Hartranft writes about understanding contractor financial statements for Utility & Transportation Contractor
Utility & Transportation Contractor
By Kyle Hartranft, Director, Assurance Services
In the hyper-competitive construction industry, contractors are well aware that they must have a firm grip on all aspects of their business to remain competitive. Naturally, a primary focus is job profitability; without that, there is no business to operate. It is also extremely critical that contractors analyze their financial statements and understand the quality of those numbers. The ratios that those figures inform play a pivotal role in the prospects of construction contractors.