Risk Management 101 for Contracts

It’s an all-too common scenario even for experienced contractors: relying on verbal conversations as a commitment for payment. It sounds simplistic, but too often I’ve seen situations in which contractors have agreed to change orders through a phone call or gotten verbal commitments from subs on scheduling. The contractor ends up losing if the customer …

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Business Strategy — Diversify or Specialize Services?

By Sean Kelly, CPA I learned about a company recently that has proactively developed a niche to physically lift homes to meet current hurricane-proof standards. Based on a federal grant for homeowners, the construction company is tapping a need that has meant growth for its business as well as a benefit to residential customers. This …

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Client Corner: Joe Densieski, Wastewater Works, Inc.

Name: Joe Densieski Residence: Riverhead Mission: To clean Long Island’s water of nitrates and other pollutants Status: Launching “green,” cost-effective home wastewater treatment system Partners: Hydro-Action Industries (manufacturer); Eco Supply Company (local distributor) Lifelong resident Joe Densieski remembers many childhood days of camping and swimming at East End beaches. His experience as a landscaper, excavator …

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