article thumbnail

The most important construction KPIs to improve profits and productivity

Lets Build

Investing in quality means you have to make fewer changes during the project—it saves time, it saves money, it saves headaches. No one wants a project full of change orders and rework. Cash flow Cash isn’t king – cash flow is.

article thumbnail

The most important construction KPIs to improve profits and productivity

Lets Build

Investing in quality means you have to make fewer changes during the project—it saves time, it saves money, it saves headaches. No one wants a project full of change orders and rework. Cash flow Cash isn’t king – cash flow is.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. This allows you to maximize cash flow without having to pay for additional software (well, unless you’re mailing out paper invoices and waiting for checks to come in). Process Change Orders Quickly. Automate P2P.

article thumbnail

8 Tips to Manage Cash Flow Like Your Construction Business Depends on It

Autodesk Construction Cloud

Cash flow can make or break any business, especially in the construction industry. To successfully grow, construction firms need to effectively manage cash flow to procure materials, pay vendors and salaries, fund new projects, and finance other day-to-day business operations. Negotiate better contract terms.

article thumbnail

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. This allows you to maximize cash flow without having to pay for additional software (well, unless you’re mailing out paper invoices and waiting for checks to come in). Process Change Orders Quickly. Automate P2P.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

When you approach your chosen lender(s), be open about your financial situation, including any typically slow work and cash-flow periods. Many contractors negotiate payment due dates with their vendors to get themselves out of short-term cash binds. change orders. January 2009. December 2008. November 2008.

Banking 120
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Tip #1: Negotiate Fuel Costs. Before you go down the negotiating path, be sure you know your overall consumption by gallons. change orders. They shared these tips and tricks with me on fuel management. Hopefully you’ll find them as helpful as I did. January 2009. December 2008. November 2008. October 2008. September 2008.