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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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What is Retainage in Construction?

Lets Build

Almost every construction professional faces the same problem – cash flow. Large upfront costs and long waiting periods between payments are a normal occurrence; retainage adds to this cash flow problem for contractors and project managers. However, even though retainage is commonplace, it’s not always used fairly.

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How Has Covid Affected the Construction Industry?

Lets Build

Commercial office space demand is also wavering, thanks to the switch to working from home. Yet those costs will ultimately be passed on to clients, affecting everything from residential property asking prices to commercial rents. Read more: Five benefits of inspection reporting software. Facing an uncertain future.

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9 Tips for Starting an Architecture Firm

Levelset

Pay close attention to cash flow. Architects live or die by their ability to manage cash flow — it’s the primary reason why businesses in the construction industry fail. Architectural firms need to monitor the cash coming in and going out of the business to ensure they have enough on hand to cover critical expenses.

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Construction Business Owner Blogs

Construction Business Owner

SOFTWARE |. Software & Technology. ” Pardon the Commercial Interruption… » Year-End Wake Up Call. If the answer is no, then now may be the time to start looking into new tools and software programs that can make your job—and your life—easier. Is There No Free Lunch or Construction Software? STRATEGY |.

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Construction Business Owner Blogs

Construction Business Owner

SOFTWARE |. Software & Technology. It seems like every time I turn on the television, I see a commercial for something “in the cloud.” There used to be commercials from a well-known company that proclaimed in a super-hero-like fashion, “To the cloud!” Is There No Free Lunch or Construction Software? STRATEGY |.

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Construction Business Owner Blogs

Construction Business Owner

SOFTWARE |. Software & Technology. Marketing Your Construction Business » Form, Function and Construction Software. So what does this have to do with construction software ? Although this phrase refers to architecture, it still has a place in software architecture. Web-Based Construction Software & Form.