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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.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Data Security in the Cloud » Collaborating on Cash flow. The topic of cash flow never seems to get old – after all, sustained negative cash flow often results in slashing budgets, personnel, and in the worst cases shutting down of a company. STRATEGY |.

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Construction quality management: Everything you need to know

Lets Build

That gives your firm the fiscal strength and confidence to pitch positively for future work, without overruns or remediation eating into profit margins at this time of unexpectedly high inflation. Issues may arise around ownership and accountability, roles and responsibilities, tools and materials. Creating a plan.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. While there are numerous reasons to change software applications, there are two that regularly come up in our discussions with prospective clients: cash flow control and project cost control. Back to Cash Flow. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Healthy Competition » Free Webinar on Reducing Profit Fade. One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. Tags accounting. accounting software.

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The Seven Ages of a Business

Constructonomics

This is an exciting stage when the business exists as a legal entity – it’s providing goods or services to its first customers. Management becomes more formal and accounting needs to be stronger; money comes more from profits, banks and franchising options than from family. The start-up stage. The established stage.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Tags accounting. accounting software. Construction Accounting Software. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Software & Technology.

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