Bonadio Group Archives - Construction Today

Cyberattacks pose a serious risk to the construction industry. Here’s how to mitigate the risk. By Carl Cadregari

Iain — Tue, 20 Dec 2022 08:04:00 +0000

Ransomware poses a risk to every industry, nationwide, however the construction industry faces heightened and unique challenges that make mitigating the risk of a security breach even more critical. Demonstrating this, Nordlocker recently analyzed 1,200 companies in 35 industries globally that were the victims of cyber extortion between 2020 and 2021, and the results showed that the construction…

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Positive outlook

Iain — Tue, 24 May 2022 12:20:51 +0000

The strong economy of recent years contributed to that projection, with 62 percent of contractors responding that their backlog increased or remained the same year over year. At the same time, decreased optimism about the economy this year led to 48 percent of respondents believing revenue will stay the same or decrease in 2022. The survey shows a strong majority of respondents were profitable…

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The science of compliance

Iain — Wed, 23 Feb 2022 10:23:37 +0000

As the New York State Department of Taxation and Finance increases its scrutiny of sales tax activity, construction contractors have become prime targets for audits. While regulations make it difficult to navigate sales tax compliance for every industry, the rules for New York contractors in particular are quite burdensome and very often confusing. This can add an additional layer of stress on…

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