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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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Construction Payment Speed: Winners and Losers

Levelset

Our recent Construction Cash Flow and Payment Report took a deep look at more than 500 construction companies to figure out who is getting paid quickly — and who isn’t. Public projects often have complex payment chains, bond requirements, legal challenges, and government funding. Find more success with payment speed. Learn more.

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Transforming Construction Payments: Autodesk's Strategic Move with Payapps Acquisition 

Autodesk Construction Cloud

Despite this, both general contractors and subcontractors struggle with the complexities of the payment process and face significant cash flow obstacles. Time and time again, I hear about contractors’ frustrations and struggles with late payments and cash flow and how it negatively impacts their businesses.

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9 Tips for Starting an Architecture Firm

Levelset

For example, here’s a recommended breakdown of a principal architect’s hours: 25% marketing and business development (bringing in new work) 25 to 35% administrative and financial tasks, team management 40 to 50% architecture and design. Pay close attention to cash flow. Learn more: An architect’s guide to cash flow.

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The 12 Best Construction Podcasts of 2020

Construction Junkie

Former winners CONEXPO-CON/AGG Radio, The ConTechCrew, and The Lien Zone were back and all had strong showings in the voting round. Check out our full review of The Lien Zone by clicking or tapping here. #7: Check out our full review of The Construction Management Podcast by clicking or tapping here. #11:

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Textura-CPM : the powerful construction payment management system

Construction Cost Estimating

Textura Corporation, the most recognized collaboration solutions provider for the construction industry, just introduced Textura-CPM, the powerful construction payment management system, for developing the payment process for effective construction management.

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Place Your Vote for the Best Construction Podcast of 2020

Construction Junkie

Former winners CONEXPO-CON/AGG Radio, The ConTechCrew, and The Lien Zone are back, as well as a many other podcasts that are new to the competition. vote for the lien zone. vote for the lien zone. vote for the construction management podcast. This year we have several familiar faces, as well many new podcasts.

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