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Navigating Construction Cash Flow Challenges, Myths, And Facts

Contractor Bookkeeping

In the world of small businesses, positive cash flow is king. The driving force keeps your business engine running smoothly, covering all your liabilities. Cash flow problems ensue, threatening the survival and growth of your construction business. But what happens when outflow exceeds inflow?

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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

Construction projects rely on contractors completing the work they started and meeting the design intent. In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. These holdbacks need to be accounted for by every party to a project: owner, general contractor, and subcontractor.

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Types of Capital for Construction Businesses

Levelset

Construction companies need capital to get off the ground, stay in business, and keep growing. The term capital is used across industries to represent all of a company’s financial assets, including cash, inventory, equipment, and more. Construction companies need a solid understanding of capital to run a successful business. .

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Construction quality management: Everything you need to know

Lets Build

It’s a curious paradox that few industries are as tightly regulated and controlled as the construction sector, yet at the same time, few industries are as vulnerable to unexpected events. From ambient weather to subcontractor failures, construction projects can be derailed in numerous ways. What is construction quality management?

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Service Agreements Can Improve Contractors Cash Flow And Profits

Contractor Bookkeeping

Service agreement holders are more likely to be clients that add more value to your construction company because they represent the most loyal segment of your customer base. In the meantime, service agreement customers are a source of cash flow and are predetermined to call you instead of your competition when repairs are necessary.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Data Security in the Cloud » Collaborating on Cash flow. Construction is a Team Sport. STRATEGY |. MANAGEMENT |.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. « The (Construction) Telephone Game. So You Want to Buy New Construction Software » Construction Software – Is it Time to Buy?

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