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Be Strategic About Your Cash Flow: New Opportunity for Autodesk Construction Cloud Users

Autodesk Construction Cloud

Construction companies juggle many different risks and responsibilities as they strive to grow their businesses, or simply survive in an uncertain economy. Lack of financial strategy runs the risk of missed new opportunities, letting your cash to sit when it could be put to work, or overextending yourself. Why Get Financing with Billd?

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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. Many contractors feel using their personal accounts is the only way to get the cash they need to help their business and start bidding on jobs.

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The High Cost of Low Bids: When Contractors Compete on Price, Everyone Loses

Levelset

Prioritizing a low bid over contractor performance is a lose-lose procurement strategy. Unfortunately, low bidding is an accepted practice for both owners and contractors alike. Owners will say that focusing on the lowest bid possible ensures they get a good price. Who’s responsible for low-bid procurement?

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4 Mistakes to Avoid in Construction Bidding

Viewpoint Construction Technology

MCM is a CPA firm with a team of accountants dedicated to construction accounting. Construction markets remain competitive, so it comes as no surprise that construction companies have to be at the top of their game throughout a project. All of these expenses are important to include for your bid to be accurate.

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Drive Profitability With a Construction-Specific ERP

For specialty contractors, using a construction software platform helps to lay the technological foundation required to support future growth and improved financial performance. The key benefits of using a construction-specific ERP are: Elimination of disparate systems. Improved cash flow. Greater agility. Reduced costs.

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Lead a Best-in-Class Construction Business

Construction Business Owner

Stan constantly struggles with the demands of owning and managing his business, from working on bids, estimating, ordering materials and scheduling 25 field workers to coordinating equipment, fielding phone calls and visiting jobsites daily. To make matters worse, cash flow is tight and he often has to cut prices to win work.'

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Construction Company Cash Flows Are Easy To Understand

Contractor Bookkeeping

Construction Cash Flow Example. Starting Cash + Cash In - Cash Out] = Cash Flow. "If For anyone reading this who is not familiar with how cash flow works for a mid-size construction job, consider the following general example. Bid Price = $60,000. Example Job 1001.