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Prevailing Wages in Pennsylvania: What Contractors Need to Know

Levelset

The contracting authority provides bidders with the prevailing wage rates within the bid and contract documents. How to deal with higher labor costs. Higher labor costs can put a real crunch on your cash flow during a prevailing wage job. One solution is material financing.

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Prevailing Wages in Minnesota: What Contractors Should Know

Levelset

They are determined by the current rates in force at the time the project goes out for bid and are usually included in the bid and contract documents. Before taking on prevailing wage projects contractors need to make sure they have sufficient cash to pay their workers until the first payment comes in.

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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). Use Financing to Provide a Cushion. Speed Up Receivables.

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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). Use Financing to Provide a Cushion. Speed Up Receivables.

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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. Many contractors haven’t taken advantage of digital document solutions, and the ones that have are still dealing with high volumes of data. document management. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Software & Technology. Construction Law.

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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs. document management.

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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. The point is that when dealing with a service or purchasing software, it’s important to have a Support department you can rely on. Usually the first department you talk to when dealing with a new company is Sales. While not absolutely necessary, it sure is a nice touch to deal with a real person.).