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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

Investing in health and safety lowers the frequency of unexpected costs, like expensive insurance payments and lost time. Cash flow Cash isn’t king – cash flow is. If you can negotiate payment terms or adjust payment schedules by tracking KPIs, you can keep your profit on track.

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The most important construction KPIs to improve profits and productivity

Lets Build

Investing in health and safety lowers the frequency of unexpected costs, like expensive insurance payments and lost time. Cash flow Cash isn’t king – cash flow is. If you can negotiate payment terms or adjust payment schedules by tracking KPIs, you can keep your profit on track.

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Construction Law: May 2024

Construction Law

Paul-Raphael Shehadeh of Duane Morris analyses a dispute that will be of great interest to insolvency and international arbitration practitioners, that highlights the benefits of a negotiated dispute settlement.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. When you approach your chosen lender(s), be open about your financial situation, including any typically slow work and cash-flow periods. Many contractors negotiate payment due dates with their vendors to get themselves out of short-term cash binds. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Tip #1: Negotiate Fuel Costs. Before you go down the negotiating path, be sure you know your overall consumption by gallons. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. August 2008.

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A position is vacant for Assistant Quantity Surveyor in North West England

Construction Cost Estimating

Get cash flows ready for payments in and out. Knowledge for providing and acquiring Insurance, Bonds and Warranties. Excellent negotiation skills with both internal and external customers. Make sure that all duties are executed in keeping the standard company HSE processes and work instructions.