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Managing Cash Flow in Contracting

Construction Business Owner

The processes and metrics that drive accountability to those responsible for its timely collection are rarely in place. The current accelerating growth of the industry since the economic downturn makes cash more important than ever.

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5 Ways to Improve Cash Flow in Your Construction Business

Levelset

In the construction industry, starting a new project means encountering automatic, upfront costs. How individual specialty contractors handle these costs vary, but as the saying goes, “Cash is king.” From buying materials to hiring crews, business begins when cash flows. Establish consistent accounting procedures.

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3 cash flow forecasting tips for your next big construction project

Viewpoint Construction Technology

Effectively managing cash flow is critical for contractors’ success. Considering these complexities, it’s easy to understand why, throughout the life of a project, a variety of things can change — directly impacting the original cash flow forecast. Create Rolling Enterprise Cash Flow Forecasts.

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A Cash Flow Guide for Architects

Levelset

Running an architectural firm is a bit different than other companies in the construction industry. However, like any other business, you need to maintain positive cash flow or you may find yourself unable to pay your workers and other expenses. Cash flow basics. Cash flow projections.

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How to Increase Cash Flow for Your Construction Business When You Can’t Get the Financing You Need From the Bank

Levelset

As a commercial specialty contractor, it can be frustrating to have the crew, time, and skills you need to take on construction projects but not enough cash to purchase materials. With your back against the wall, dipping into your personal bank account may feel like an easy solution. Cut unnecessary spending.

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How Has Covid Affected the Construction Industry?

Lets Build

In many respects, the answer to the question “How has COVID affected the construction industry?” Despite a temporary halt in construction during pandemic lockdowns, the impact on construction was relatively short-lived. Nonetheless, the industry has changed radically since February 2020. Impact of economic shocks.

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Construction Payment Issues Highlight Need for Accounting

Contractor Bookkeeping

In the construction industry, cash is the lifeblood of every business — and accountants are the heartbeat. They keep cash flowing to the parts of a project or business that need it most. Today's Guest Article Is From Jonny Finity.