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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

Construction companies face more cash flow challenges than just about any other industry. Think about it this way: bringing your purchasing process into the cloud means you can check incoming orders against pending ones, cutting back on duplicates that hurt your bottom line. Speed Up Receivables.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

Construction companies face more cash flow challenges than just about any other industry. Think about it this way: bringing your purchasing process into the cloud means you can check incoming orders against pending ones, cutting back on duplicates that hurt your bottom line. Speed Up Receivables.

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Four Things To Consider Before Expanding Your Service Offerings

Contractor Bookkeeping

Adding additional services is an excellent way to increase your profitability, diversify your income and expand your market. But there are essential things to consider before adding to your income streams. First things first - find the money. Applying to a lender for a business loan is one option.

Cash Flow 101
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The most important construction KPIs to improve profits and productivity

Lets Build

It’s also a good idea to keep an eye on the project’s: Number of defects Time to fix defects Rework rate and cost Punch list completion rate More to read: Construction quality management 101: Everything you should know 2. Cash flow Cash isn’t king – cash flow is.

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The most important construction KPIs to improve profits and productivity

Lets Build

It’s also a good idea to keep an eye on the project’s: Number of defects Time to fix defects Rework rate and cost Punch list completion rate More to read: Construction quality management 101: Everything you should know 2. Cash flow Cash isn’t king – cash flow is.

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9 Tips for Starting an Architecture Firm

Levelset

With anything, the idea is often scarier than just doing it. You have to think about potential revenue sources, budget for costs, and project how your company will grow in the future. Most architects start their own firms because they want to spend more time being creative and expressing their design ideas. Move past fear.

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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

They also serve as a way to check up on the financial health of your organization and ensure that you’re budgeting and forecasting accurately. Which then throws everything off from revenue forecasting to budgeting. Allowing teams to monitor cash flow, losses, profit fade, or over and underbilling.