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CategoryAssessment ItemScore (1–5)
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Financial Strength
Current ratio (Current Assets ÷ Current Liabilities) consistently above 2.0
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Financial StrengthWorking capital and net worth have grown year-over-year
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Financial StrengthDebt-to-equity ratio is below 2.0
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Financial StrengthRetained earnings are positive and increasing
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Financial StrengthCPA-prepared financial statements are reviewed or audited annually
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Job Costing & WIP AccuracyEach job has complete cost coding for labor, materials, and subs
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Job Costing & WIP AccuracyPercent-complete WIP schedules are updated monthly
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Job Costing & WIP AccuracyOver-/Underbillings are tracked and explained monthly
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Job Costing & WIP AccuracyPMs review job profitability with accounting every month
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Job Costing & WIP AccuracyChange orders are logged and approved before billing
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Cash Flow & LiquidityCash flow forecast (13-week or longer) is updated monthly
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Cash Flow & LiquidityRetainage receivable is monitored and collected promptly
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Cash Flow & LiquidityLarge vendor payments and draws are planned ahead
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Cash Flow & LiquidityLine of credit availability and terms are reviewed quarterly
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Controls & ComplianceMonth-end close completed within 10 business days
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Controls & ComplianceAll bank and credit card accounts are reconciled monthly
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Controls & ComplianceCertified payroll and union reporting are accurate and timely
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Communication & TransparencyRegular financial package shared with owners/management
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Communication & TransparencyExplanations for variances and unusual items documented
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Communication & TransparencyEstablished relationship with surety agent and underwriter
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