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5 Ways to Prepare for New Revenue Recognition Standards

Viewpoint Construction Technology

When implemented properly, they offer improved cash flow and better accounting insight, which benefits contractors and customers. All of this should make the industry more streamlined in the way money flows and work gets done,” says Wayne Newitts, director of strategic partnerships at Viewpoint.

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A Plumbing Contractor’s Guide to Insurance Coverage

Levelset

When you tackle the jobs you’ve secured, it’s also important to plan for the unexpected. Obtaining an insurance policy is a key step in planning for the success of your plumbing business, and we’ve developed a guide to help answer some of your questions. The average cost for a workers comp claim in 2019-20 was $41,353.

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What Labor Shortage? Not All Home Builders Affected Equally

Pro Builder

Yet, here we are, with strong sales, great cash flow, abundant profits, and not enough people to build the homes. . Meanwhile, this should be enough to get you started on a plan of action to eliminate your trade shortage once and for all. . Final plans provided with construction drawings. Where's the Solution?

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What Labor Shortage?

Pro Builder

Yet, here we are, with strong sales, great cash flow, abundant profits, and not enough people to build the homes. . Meanwhile, this should be enough to get you started on a plan of action to eliminate your trade shortage once and for all. Final plans provided with construction drawings. Fair, quick, on-time payment.

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Why Projects Fail

Job Order Contracting

The fact that variation is going to occur (relative to planned activities and outcomes) during the project is a given. Fortunately, tools and services are available to improve organizational maturity with respect to construction planning, procurement, and project delivery. Edwards Deming – T he System of Profound Knowledge.

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Are There Lessons From the Great Recession for the COVID-19 Pandemic?

Pro Builder

Yet some tools and tactics are salient no matter the economic climate, such as controlling cash flow and getting out of deals that may no longer pencil out in the new conditions. . . 1] Mind Your Cash. In the last quarter of 2019, he looked at his spec home inventory and decided he needed to move some units.

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Advice for Home Builders Navigating a Market in Flux

Pro Builder

This wave of housing demand began in the second half of 2019, when the 30-year mortgage interest rate dropped to historical lows under 4%. In our estimation, builders should be prepared for a sales contraction of 30% to 50%, with selling prices declining between 15% to 20%, which aligns with plans among many of the builders in our networks.