Under the ASC 606 revenue recognition standards, a performance obligation is a promise in a contract with a customer to transfer to them either (a) a distinct good or service (or a bundle of distinct goods or services) or (b) a series of distinct goods or services that are to a large extent the same and have the same pattern of transfer to the customer.
Explore how AI is revolutionizing construction—from smarter bidding and automated takeoffs to real-time safety monitoring and predictive scheduling. This guide breaks down key AI concepts and showcases tools that enhance efficiency, safety, and profitability.
Read MoreIn 2025 contractors can expense up to $1.25 M of equipment via Section 179 and deduct 40 % bonus depreciation on the balance. Learn which assets qualify, how to time deliveries, structure leases, avoid phase-outs, and document everything to turn tax rules into real cash-flow gains.
Read Moreiscover the top construction industry organizations to join in 2025. From AGC and ABC to NAHB and CFMA, this guide breaks down the benefits of each group, helping contractors, subcontractors, and professionals grow their network, stay informed, and gain industry support.
Read MoreDiscover the top 10 accounting practices every homebuilder needs for profitability and growth, from stable Charts of Accounts to automated AP processes. RedHammer provides expert guidance and customized solutions to streamline your financial operations and enhance profitability.
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