article thumbnail

Be Strategic About Your Cash Flow: New Opportunity for Autodesk Construction Cloud Users

Autodesk Construction Cloud

By monitoring and managing your working capital and cash flow, you’ll know with confidence if you have the ability to bid on and complete new projects, while being prepared to afford labor, materials , and general expenses knowing it could be 60 to 90 days before you see payment. Why Get Financing with Billd?

article thumbnail

How to Increase Cash Flow for Your Construction Business When You Can’t Get the Financing You Need From the Bank

Levelset

Many contractors feel using their personal accounts is the only way to get the cash they need to help their business and start bidding on jobs. In this article, we’ll share five ways you can increase your cash flow when the bank denies you access to the money you need to start or grow your construction company.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

3 cash flow forecasting tips for your next big construction project

Viewpoint Construction Technology

Effectively managing cash flow is critical for contractors’ success. Considering these complexities, it’s easy to understand why, throughout the life of a project, a variety of things can change — directly impacting the original cash flow forecast. Create Rolling Enterprise Cash Flow Forecasts.

Cash Flow 130
article thumbnail

Types of Capital for Construction Businesses

Levelset

That’s because other forms of capital — like labor or equipment — can’t generate value if you don’t have enough cash to take on new jobs, acquire materials, or cover overhead. “Working capital evaluates the financial resources a company requires to operate the company,” notes Joshua Leyenhorst.

Debt 97
article thumbnail

How to Deal with Extended Lead Times and High Material Costs

Levelset

According to the 2022 Construction Cash Flow & Payment Report , construction businesses reported slow payments contributed to wasted resources (45%), reduced profit (41%), and failure to meet payroll (18%). . Material Financing exists to make this a reality, providing financial flexibility and growth opportunities.

article thumbnail

5 Critical Construction Project Reports your System Should Pull Without Fuss

Viewpoint Construction Technology

Forecasting and Cash Flow Reports. revenue, risk and cash flow forecasting) and enable you to assess historical project performance. This includes tracking timesheets, labour costs and managing human resources. You’ll need reports that help you manage project costs (e.g.

Cash Flow 130
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. Resource Center. 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.

Cash Flow 120