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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. Retainage can cause a cash flow burden for contractors, especially subs at the bottom of the payment chain.

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The most important construction KPIs to improve profits and productivity

Lets Build

While we’ll discuss examples of construction KPIs that fit this definition below, it’s also important to develop unique ones for your organisation and each project; one-size-fits-all doesn’t work for KPIs. Cash flow Cash isn’t king – cash flow is.

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The most important construction KPIs to improve profits and productivity

Lets Build

While we’ll discuss examples of construction KPIs that fit this definition below, it’s also important to develop unique ones for your organisation and each project; one-size-fits-all doesn’t work for KPIs. Cash flow Cash isn’t king – cash flow is.

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Selling Your Home Building Company? Here's What to Expect

Pro Builder

You also need to prepare key information about the assets that will be presented to bidders, who will then use that data to evaluate your business and populate their own cash flow and valuation models. At our advisory firm, we urge sellers to disclose everything … including the good, the bad, and the ugly. Diligence and Closing.

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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 percentages and negotiations.

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Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

Johann Wolfgang von Goethe is credited with saying "Until one is committed, there is hesitancy, the chance to draw back-- Concerning all acts of initiative (and creation), there is one elementary truth that ignorance of which kills countless ideas and splendid plans: that the moment one definitely commits oneself, then Providence moves too.

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Advice for Home Builders Navigating a Market in Flux

Pro Builder

It’s important to work on reducing cycle times , as this affects cash flow, capital requirements, indirect construction costs, financing expenses, general and administrative expenses, and, ultimately, profits. Land developers will need home construction to liquidate land holdings, which can be great opportunities to create cash flow.