Viewpoint Construction Technology

FEBRUARY 28, 2019

Basu, who serves as the chief economist for the Associated Builders and Contractors (ABC) and the Construction Financial Management Association (CFMA) notes that while the short-term outlook for the construction industry remains solid, overall indicators point to a potential slowdown over the next couple of years.

Sage 141

Sage Industrial Cash Flow CFMA 141

Levelset

FEBRUARY 3, 2023

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. At Levelset, we understand the construction industry and the importance of cash flow security for specialty contractors.

Finance 52

Finance Cash Flow Materials Security 52

Levelset

JUNE 6, 2022

ABC Contractor is billing a project owner for $100,000 with 10% retention. When the $90,000 is paid, it is posted with a debit to the bank or cash account and a credit to accounts receivable, clearing the account for that project. Debit Credit Bank or cash $90,000 Retention receivable $90,000. Managing slow payment cycles.

Accounting 98

Accounting ABC Banking Liability 98

Construction Business Owner

SEPTEMBER 1, 2022

To keep costs down and timelines tight, many construction businesses implement an inventory management strategy that relies on inventory control to reduce cash burn without creating unnecessary delays. You’ll minimize inventory shrinkage with the right surveillance and inventory management systems.

Inventory 226

Inventory Resource Construction Materials 226

Levelset

APRIL 28, 2022

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. Halfway through the project, LA Plumbing has significant cash flow problems and they can no longer pay their vendors or employees.

Insurance 52

Insurance Contractors Claims ABC 52

Autodesk Construction Cloud

JULY 7, 2022

Their teams and budgets are leaner, so every investment must be carefully considered—particularly when it comes to tools like construction management software. . Digital solutions have become “must” haves (vs “should” haves) for construction management over the last few years. What to Look for In Construction Management Software.

Software 105

Software Software Management Construction 105