Levelset
MARCH 21, 2022
To cover these expenses, restoration contractors need to manage their cash flow to ensure they have enough money in the bank — especially when the insurance company is dragging their feet. Poor cash flow management is the number one reason why construction businesses fail. Plan out your cash flow.
Lets Build
APRIL 6, 2022
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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Contractor Bookkeeping
OCTOBER 23, 2020
No one starts a business, especially a contracting business, and have it rolling perfectly with a profit every step of the way. Between regulations, economic uncertainty, and other outside forces; always a learning curve. Being in your own business can be the best time in your life. Alternatively, the worst time!
Construction Law
MAY 2, 2024
Guest editor JCT 2024 ducks the difficult issues JCT’s Design and Build contract has been updated for the first time in eight years. Legislation state of play table Our regular update on the progress of regulations and legislation affecting construction and procurement compiled by Alignment Media. billion A9 Dualling programme.
Construction Business Owner
MARCH 1, 2012
Compliance/Regulations. Data Security in the Cloud » Collaborating on Cash flow. The topic of cash flow never seems to get old – after all, sustained negative cash flow often results in slashing budgets, personnel, and in the worst cases shutting down of a company. General Management.
Viewpoint Construction Technology
FEBRUARY 7, 2019
Each project carries a significant amount of risk including countless safety issues, stringent regulations or contractual obligations, weather delays, lack of qualified labor, subcontractor performance and inconsistent cash flows, just to name a few. Patti Smith, Business Process Manager, Ideal Contracting.
Levelset
FEBRUARY 15, 2022
Federally funded projects in Pennsylvania are governed by the Davis-Bacon Act and its rules and regulations. The contracting authority provides bidders with the prevailing wage rates within the bid and contract documents. Higher labor costs can put a real crunch on your cash flow during a prevailing wage job.
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