Levelset

FEBRUARY 3, 2023

Managing cash flow in the construction industry is difficult in any economy, but during a recession, specialty contractors face even more financial challenges than usual. During the Great Recession , more than 150,000 construction firms closed their doors, and 2 million construction workers lost their jobs.

Finance 52

Finance Cash Flow Materials Security 52

Construction Business Owner

SEPTEMBER 1, 2022

How Inventory Control Saves Construction Teams Resources. Practicing inventory control helps your construction team save time & money while keeping you organized. All sorts of businesses rely on inventory to provide goods and services to their customers, but when it comes to construction, supplies and materials are truly essential.

Inventory 226

Inventory Resource Construction Materials 226

Levelset

JUNE 6, 2022

Construction projects rely on contractors completing the work they started and meeting the design intent. The rate of retention is stipulated in the construction contract and can often be negotiated. Retention doesn’t usually apply to material suppliers. ABC Contractor is billing a project owner for $100,000 with 10% retention.

Accounting 98

Accounting ABC Banking Liability 98