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Construction Business Owner Blogs

Construction Business Owner

Bank lines of credit are lifelines for many contractors, yet convincing a bank to provide or renegotiate a line of credit is not easy. Building your case beforehand can certainly help and makes you look better in the eyes of the bank. Crunch the numbers – Banks like proactive business owners. change orders.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

Construction companies face more cash flow challenges than just about any other industry. This allows you to maximize cash flow without having to pay for additional software (well, unless you’re mailing out paper invoices and waiting for checks to come in). Process Change Orders Quickly. Automate P2P.

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article thumbnail

Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

Construction companies face more cash flow challenges than just about any other industry. This allows you to maximize cash flow without having to pay for additional software (well, unless you’re mailing out paper invoices and waiting for checks to come in). Process Change Orders Quickly. Automate P2P.

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Construction Business Owner Blogs

Construction Business Owner

Some Advice on Change Orders » A Change (Order) for the Better? When clients ask me about change orders, I’m reminded of a well-circulated photo. The yacht is named “Change Order.” Discussion about change order difficulties tends to be one of two types.

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Construction Business Owner Blogs

Construction Business Owner

It got me to thinking not only about how poorly managed large companies within an industry of that size and importance must be in order to collapse like it did, but also what makes something “Too big to fail”? Mr. Rattner discussed the stress tests given by the Treasury Department to large banks that were receiving TARP funds.

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Construction Business Owner Blogs

Construction Business Owner

For example, banks and other financial institutions put in stronger measures than many other industries. He noted, though, that while almost all banks protect secure transactions through the common HTTPS encryption, most of the security measures are implemented on the back end with multiple networks, firewalls, and layers of encryption.

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Construction Business Owner Blogs

Construction Business Owner

Does an electrical raceway run through a duct bank? change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. Once the objects from the different disciplines are assembled, they can be analyzed to determine if there are any unforeseen clashes. BIM & Pre-Fabrication. January 2009.