Levelset

MAY 17, 2022

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.

Cash Flow 98

Cash Flow Construction Lien Contractors 98

Levelset

OCTOBER 19, 2022

When a property owner wants to finance the construction of a new building, they typically have to obtain two loans: one loan for the mortgage on the completed home, and another for the land purchase and construction expenditures. What is a construction-to-permanent loan? Contractor risks with a construction-to-permanent loan.

Contractors 98

Contractors Lien Construction Finance 98

Levelset

APRIL 5, 2022

Contractors can take on more work than their cash flow will let them perform, leaving them scrambling for cash to pay their bills or their employees. Ensuring consistent cash flow throughout a project is the key to scaling your contracting business. Why contractors run out of cash. But what about cash flow?

Cash Flow 52

Cash Flow Finance Construction Materials 52

Autodesk Construction Cloud

FEBRUARY 1, 2024

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.

Autodesk 87

Autodesk Cash Flow Construction Risk 87

Levelset

FEBRUARY 11, 2022

The construction industry runs on credit. As a result, every construction business records transactions to Accounts Receivable (A/R) until they actually receive payment. Construction companies in particular need to pay close attention to their A/R balances and review them regularly. Setting up Accounts Receivable in QB.

Accounting 52

Accounting Management Contractors Lien 52

Construction Junkie

JULY 8, 2020

Construction Junkie's 6th Annual Best Construction Podcast Competition has officially come to an end and the results have been tallied. Former winners CONEXPO-CON/AGG Radio, The ConTechCrew, and The Lien Zone were back and all had strong showings in the voting round.

Construction 121

Construction Lien Zoning Industrial 121

Construction Junkie

MAY 20, 2020

After a round of nominations, the stage has been set for the 6th annual Best Construction Podcast Competition presented by Construction Junkie. Former winners CONEXPO-CON/AGG Radio, The ConTechCrew, and The Lien Zone are back, as well as a many other podcasts that are new to the competition. vote for the lien zone.

Lien 116

Lien Construction Zoning Industrial 116

Levelset

APRIL 1, 2022

As a contractor or sub, you can expect to incur many costs during the course of a construction project. However, there is one very expensive cost that isn’t so cut and dry: construction site theft. Theft from construction sites is a serious issue, and it costs contractors a lot of money each year. Restricted cash flow.

Site 52

Site Cash Flow Insurance Construction 52

Levelset

AUGUST 5, 2022

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. Learn more: An architect’s guide to cash flow. If all your subscriptions fall in the same month, you can take quite a cash hit.

Architecture 52

Architecture Cash Flow Income Lien 52

Green Building Law Update

JUNE 25, 2017

In the event of a default, the amount in default (but not the entire principal of the PACE loan) is a liability that is a property tax lien collected by the local government with the priority associated with other real property tax liens, so existing mortgage holder acknowledgment of a PACE loan is required.

Maryland 136

Maryland Lien Finance Cash Flow 136

Levelset

JULY 19, 2022

It’s an excellent time to consider starting a painting company, as both the residential and commercial sectors are experiencing a wave of new construction, and that means opportunities for painters. As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more.

Cash Flow 52

Cash Flow Accounting Profitability Residential 52

Levelset

JULY 18, 2022

It’s an excellent time to consider starting a plumbing company, as both the residential and commercial sectors are experiencing a wave of new construction, and that means opportunities for plumbing companies, which are expected to grow revenues by more than 1% annually for the next five years. Review your cash flow regularly.

Cash Flow 52

Cash Flow Accounting Profitability Legal 52

Levelset

JULY 15, 2022

It’s an excellent time to consider starting an electrical company, as both the residential and commercial sectors are experiencing a wave of new construction, and that means opportunities for the electrical industry, which is expected to grow revenues by more than 1.5% Keep the cash flowing like current on a hot line.

Electrical 52

Electrical Cash Flow Accounting Profitability 52

Levelset

MAY 2, 2022

Contractors trying to grow their business and take on larger projects often struggle to manage their cash flow to purchase the materials they need. Many contractors use trade credit to delay paying for materials and keep more cash in their pockets. Provide a plan. Get more trade preferences.

Negotiation 52

Negotiation Materials Cash Flow Finance 52

Levelset

JULY 22, 2022

It’s an excellent time to consider starting a roofing company, as both the residential and commercial sectors are experiencing a wave of new construction, and that means opportunities for the roofing industry, which is expected to grow revenues by around 1% annually for the next five years. . Keep the cash flowing like water down a valley.

Cash Flow 52

Cash Flow Overhead Accounting Profitability 52

Levelset

AUGUST 16, 2022

To grow a construction business, contractors often pursue larger projects. Whenever you need to get construction bonds to perform work on a proposed project, your priority is to show the surety company how you plan to manage the particular risks and minimize the downside. Scope of work compared with past projects.

Risk 52

Risk Cash Flow Construction Banking 52

Levelset

JUNE 16, 2022

The federal government is allocating over a trillion dollars in funding for public infrastructure construction projects over the course of the next decade. Even though payment challenges can be similar — slow payment is a plague across the whole construction world — payment protection is very different between private and public work.

New Jersey 52

New Jersey Lien Claims Contract 52

Autodesk Construction Cloud

MAY 5, 2023

They require flexible solutions that can keep up and make their lives easier whether they are in the office or at the jobsite. Until recently, software applications for managing the finances of construction paid little attention to anyone outside of the back office. Additionally, third-party stakeholder collaboration (e.g.,

Office 52

Office Autodesk Accounting Project Management 52

Autodesk Construction Cloud

JULY 7, 2022

There are many advantages to being a small construction firm. Like most SMBs, small-scale construction companies run on fewer resources. Their teams and budgets are leaner, so every investment must be carefully considered—particularly when it comes to tools like construction management software. . Let’s get started. .

Software 105

Software Software Management Construction 105

Levelset

FEBRUARY 14, 2022

There are a lot of things that are different about construction accounting, but retainage may be one of the most unique. Not only does retainage make it harder for a construction business to manage cash flow — simply recording the transaction can be a feat. Read more: The ultimate guide to construction accounting.

Contractors 52

Contractors Accounting Cash Flow Lien 52

Levelset

APRIL 7, 2022

Shady, fly-by-night contractors will promise customers the world — and they hide the fact that they can put a lien on the owner’s home. They’ll collect a few checks, perform shoddy work, and then file a lien when the customer doesn’t pay. The best place to set expectations is in the construction contract. Be responsive.

Contractors 52

Contractors Lien Education Housing 52

Construction Cost Estimating

NOVEMBER 8, 2013

Textura Corporation, the most recognized collaboration solutions provider for the construction industry, just introduced Textura-CPM, the powerful construction payment management system, for developing the payment process for effective construction management.

Management 45

Management Cash Flow Construction Lien 45

Levelset

JUNE 6, 2022

Construction projects rely on contractors completing the work they started and meeting the design intent. The rate of retention is stipulated in the construction contract and can often be negotiated. Because retention is often held for a long period of time, it can create cash flow problems for contractors.

Accounting 98

Accounting ABC Banking Liability 98

Contractor Bookkeeping

JUNE 18, 2013

We offer the following list of root causes for the extremely high rate of construction company failure which has accelerated beginning in 2009 and continuing as of June, 2013 when this article was written. The list below comes from working with hundreds of construction companies for over thirty years. The Contractor Paradigm.

Cash Flow 48

Cash Flow Construction Change Orders Contractors 48

Levelset

AUGUST 17, 2022

Related: 8 KPIs every construction company should track. Related: An architecture firm’s guide to cash flow. Without cash inflow, companies have no way to pay their employees and vendors. In addition, sending preliminary notices and notices of intent to lien can often speed up the payment cycle. Lucas Gray.

Profitability 52

Profitability Lien Overhead Cash Flow 52

Levelset

MAY 25, 2022

billion investment in the state’s public education system — all of which will include significant construction. Despite public works construction often serving as a source of major benefit for contractors, the misconception that these projects don’t run into the same payment challenges as private projects isn’t true.

California 52

California Claims Lien Contractors 52

Contractor Bookkeeping

JANUARY 2, 2015

We Are QuickBooks Experts Specializing In Construction. Did You Quit Your Job - And start your own construction company only to discover you need a contractor’s license and bond. Did You Ask A Friend Or Relative - To loan you some start-up capital and they agreed on condition you become equal partners in your construction company.

Construction 48

Construction Insurance Accounting Claims 48

Contractor Bookkeeping

JUNE 20, 2014

Let Us Help Reduce Construction Business Start Up Stress. We Are QuickBooks Experts Specializing In Construction Bookkeeping Services. You Quit Your Job - And started a construction business only to discover you need a contractor’s license and bond. Consult with a construction attorney and follow their advice.

Insurance 48

Insurance Construction Accounting Claims 48

Construction Law Monitor

NOVEMBER 6, 2013

Everyone in the construction industry has trouble getting paid at some point. In fact, when Construction Week Online conducted a poll inquiring who in the industry had payment problems , it found that a whopping 0% – that’s right, zero percent – reported they were always “paid in full and on time.”

Lien 51

Lien Cash Flow Accounting Debt 51

Contractor Bookkeeping

OCTOBER 4, 2013

Starting Or Re-Starting A Construction Company Is Easy. Secret #01 Decide What You Want From Your Construction Company. Action Step - 01: On a peice of paper type and print or hand write a description of what you want from your construction company and put it into a three ring binder. If You Know Exactly What To Do.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Contractor Bookkeeping

MARCH 9, 2013

Some Contractors Hire Part Time Secretaries to do everything including construction bookkeeping and then wonder why their company debts keep growing and crushing them. The thinking appears to be: "I have low price work so I need to cut costs by hiring a part-time secretary that can do everything including my construction bookkeeping.

Contractors 48

Contractors Cash Flow Banking Change Orders 48

Contractor Bookkeeping

FEBRUARY 28, 2014

Your Construction Contracting Company. Is your Construction Company Process Dependent Or People Dependent? Is your Construction Company Process Dependent Or People Dependent? There is no one right answer; it depends on what you want from your construction company. Money Is The Main Reason You Own And Operate.

Profitability 48

Profitability Contractors Cash Flow Accounting 48

Levelset

APRIL 28, 2022

Construction is a risky business, with among the highest rates of failure of any industry. In addition, SubGuard does not provide protection against mechanics liens from unpaid second-tier subs and suppliers. Legal Guard puts a team of construction attorneys in your corner, on call for contract review or legal advice when you need it.

Insurance 52

Insurance Contractors Claims ABC 52

Contractor Bookkeeping

JUNE 15, 2012

Let Us Help Reduce Construction Business Start Up Stress. You Quit Your Job - And started a construction business only to discover you need a contractor’s license and bond. Spending Time To Set Up - Your construction company properly will save you grief, time, money and pay you dividends in the future.

Contractors 48

Contractors Insurance Claims Lien 48

Autodesk Construction Cloud

DECEMBER 18, 2021

The Ultimate Checklist to Complete Your Next Construction Project. The right construction closeout plan, starting well before actual closeout, is essential to a seamless client handover. Organizational closeout is next, so subcontractors and others involved in the construction process know the last date they’ll be on site.

Change Orders 52

Change Orders Documentation Equipment Risk 52

Buisness Facilities Contributed Content

APRIL 15, 2014

It allows for the construction of roads, bridges, etc. Industrial Revenue Bonds: May be used as long-term financing of up to 100% of a project for: Acquisition of land, buildings, site preparation and improvements; Construction of buildings; Acquisition and installation of furnishings, fixtures and equipment; Capitalizable soft costs (e.g.,

Income 108

Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

SALES & USE TAX ABATEMENTS: Taxes on construction-related transactions, pollution control devices are exempt from sales and use taxes. MADE IN ALABAMA” JOB INCENTIVES ACT: Qualifying companies may receive a transferable income tax credit to offset import tariff costs during local construction process.

Income 75

Income Finance Zoning Equipment 75