article thumbnail

Construction quality management: Everything you need to know

Lets Build

From a builder’s perspective, many potential risk factors can be anticipated and pre-emptively resolved by developing a construction quality management plan. What is construction quality management? Construction quality management is broadly similar to project management. Changes to the scale or scope of client demands.

article thumbnail

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. Retainage is no different.

professionals

Sign Up for our Newsletter

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

article thumbnail

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.

article thumbnail

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.

article thumbnail

From Zero to Hero: Construction Risk Management

Safety Services Company

IS YOUR BUSINESS EFFECTIVELY PRIORITIZING CONSTRUCTION RISK MANAGEMENT? From financial difficulties to fatal accidents, construction risk management is integral in order to secure a company’s survival and eventual growth. With that said, construction risk management should be a priority for your company. Legal Risks.

Risk 62
article thumbnail

From Zero to Hero: Construction Risk Management

Safety Services Company

How Well Does Your Business Prioritize Construction Risk Management? From financial difficulties to fatal accidents, risk management is integral in order to secure a company’s survival and eventual growth. . With that said, construction risk management should be a priority for your company. What is Construction Risk Management?

Risk 62
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. General Management. People Management. Equipment Management. Data Security in the Cloud » Collaborating on Cash flow. Bad or outdated information is probably one of the biggest reasons cash flow issues occur. Technology for Collaboration & Cash Flow.

Cash Flow 120