article thumbnail

How To Handle Construction Client Debt So You Get Paid On Time

Contractor Bookkeeping

Ideally, you want to reduce the chance of bad debts and pressure on your construction company's cash flow. When negotiating contracts with clients, try to set payment terms that help your cash flow, such as deposits or progress payments.

Debt 100
article thumbnail

Restructuring versus arbitral awards – will the debt survive?

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. This story is only available to subscribers to the printed edition of Construction Law.

Debt 52
professionals

Sign Up for our Newsletter

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

article thumbnail

Howard Russell Construction goes into administration

Construction Enquirer

Northumberland based Howard Russell Construction has gone into administration. In its forecast for this year Howard Russell was predicting a turnover of up to £80m based on a rising number of negotiated contracts. Administrators from FRP Advisory are now in control of the £43m turnover business. with 31 staff working at the company.

Debt 103
article thumbnail

$220B in IIJA funds announced so far

Construction Dive

Even as the White House detailed how money is rolling out, contractors and other groups are watching infrastructure act funding during negotiations over the debt ceiling.

Debt 76
article thumbnail

Subcontractors owed £4.6m after Howard Russell collapse

Construction Enquirer

when Northumberland based Howard Russell Construction went into administration. It also detailed the level of debts with 208 unsecured creditors left holding unpaid invoices. It also detailed the level of debts with 208 unsecured creditors left holding unpaid invoices. More than 200 suppliers and subcontractors were owed £4.6m

Debt 72
article thumbnail

Types of Capital for Construction Businesses

Levelset

Construction companies need capital to get off the ground, stay in business, and keep growing. Several different types of capital — working capital , debt capital , and equity capital — are common in the construction industry. Construction companies need a solid understanding of capital to run a successful business. .

Debt 97
article thumbnail

ENR's 2023 Top 400 Contractors: Uncertainty Looms Over Market

ENR Construction

As economic uncertainty swirls around the Capitol Hill debt limit negotiations, some Top 400 contractors are worried about reaching the limit of their ability to keep projects profitable.

Debt 69