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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

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. 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.

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Construction quality management: Everything you need to know

Lets Build

What is construction quality management? Construction quality management is broadly similar to project management. Any quality management plan will require updating after each construction project is signed off to ensure past lessons are learned for future developments.

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Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. Data Security in the Cloud » Collaborating on Cash flow. Bad or outdated information is probably one of the biggest reasons cash flow issues occur. STRATEGY |.

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Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. For example, you might require project management, but if you do a quick search, you’ll find there are numerous project management solutions that range from simple to complex.

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Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. Committing Intentional Project Communications. Better Project Management through Better Communication. Tags accounting. accounting software. Management.

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Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. Other common reports bonding agents will look at include income statements, balance sheets, statements of cash flow, and job specific invoice aging reports. Tags accounting.

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