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Season 2 — Episode 2: Construction Economics and the State of the Industry

Viewpoint Construction Technology

A Viewpoint on Construction, Modern Takes on a Transforming Industry. Season 2 — Episode 2: Construction Economics and the State of the Industry. Effective cash flow management is critical to enduring a recession, and Basu points to new technologies that maximize efficiencies, boost productivity and replace traditional processes.

Sage 180
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4 Ways Materials Financing Can Help You Recession-Proof Your Business

Levelset

Managing cash flow in the construction industry is difficult in any economy, but during a recession, specialty contractors face even more financial challenges than usual. During the Great Recession , more than 150,000 construction firms closed their doors, and 2 million construction workers lost their jobs.

Finance 52
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How Inventory Control Saves Construction Teams Resources

Construction Business Owner

How Inventory Control Saves Construction Teams Resources. Practicing inventory control helps your construction team save time & money while keeping you organized. All sorts of businesses rely on inventory to provide goods and services to their customers, but when it comes to construction, supplies and materials are truly essential.

Inventory 226
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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

Construction projects rely on contractors completing the work they started and meeting the design intent. The rate of retention is stipulated in the construction contract and can often be negotiated. ABC Contractor is billing a project owner for $100,000 with 10% retention. According to Steven J.

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Subcontractor Default Insurance: Pros & Cons for General Contractors

Levelset

Construction is a risky business, with among the highest rates of failure of any industry. Let’s take a look at an example of how SDI might provide coverage on a project: ABC Builders is the general contractor building a large office complex and they have an SDI policy covering all their projects. million – $750,000). .

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The Small Business Guide to Construction Management Software

Autodesk Construction Cloud

There are many advantages to being a small construction firm. Like most SMBs, small-scale construction companies run on fewer resources. Their teams and budgets are leaner, so every investment must be carefully considered—particularly when it comes to tools like construction management software. . Let’s get started. .

Software 105