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5 Ways to Improve Cash Flow in Your Construction Business

Levelset

In the construction industry, starting a new project means encountering automatic, upfront costs. How individual specialty contractors handle these costs vary, but as the saying goes, “Cash is king.” From buying materials to hiring crews, business begins when cash flows. Protect your lien rights.

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A Cash Flow Guide for Architects

Levelset

Running an architectural firm is a bit different than other companies in the construction industry. However, like any other business, you need to maintain positive cash flow or you may find yourself unable to pay your workers and other expenses. Cash flow basics. Cash flow projections.

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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. Retainage in construction defined.

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7 Things Contractors Need to Know About Retainage

Fieldwire

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. The industry’s retainage practices throw another wrinkle into the process. This can be used in a couple of different ways.

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4 Key Habits of Large, Successful Contractors

Levelset

Running a successful construction business takes a ton of knowledge, determination, and hard work. Levelset’s recent 2022 Cash Flow & Payment Report revealed some key differences between large, successful contractors and smaller construction businesses. Know who you’re doing business with.

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Construction Payment Speed: Winners and Losers

Levelset

While problems with slow payments reverberate throughout the construction industry, the truth is that some companies, roles, and project types are much more likely to get paid on time than others. Read on to find out who’s winning and losing in the construction payment game — and what you can do about it.

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Transforming Construction Payments: Autodesk's Strategic Move with Payapps Acquisition 

Autodesk Construction Cloud

A strong financial base in construction is as vital for success as a solid physical foundation is for any building project. Despite this, both general contractors and subcontractors struggle with the complexities of the payment process and face significant cash flow obstacles. Industry research supports these sentiments.