Remove Banking Remove Cash Flow Remove Construction Remove Deals
article thumbnail

How to Increase Cash Flow for Your Construction Business When You Can’t Get the Financing You Need From the Bank

Levelset

As a commercial specialty contractor, it can be frustrating to have the crew, time, and skills you need to take on construction projects but not enough cash to purchase materials. Add in being denied a bank loan, and the frustrations mount. And when they are approved, they often don’t get the amount of funding they need.

article thumbnail

How to Deal with Extended Lead Times and High Material Costs

Levelset

Construction material costs are rising along with high fuel prices , affecting lead times and project success. As reported by the US Census Bureau, the construction industry is experiencing the most significant price hike since the 1970s as specialty contractors carry the burden of upfront, out-of-pocket expenses required to start new jobs.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Cash flow is the lifeblood of any construction company and especially the ones with annual sales volume under $1,000,000. Some construction Company experts even say that a healthy cash flow is more important than your contracting company''s ability to complete projects! Is Cash Flow The Same As Profit?

article thumbnail

Starting And Operating A Small Construction Business On Limited Funds

Contractor Bookkeeping

Juggling existing financial commitments such as a mortgage or bank loan could put a squeeze on your business plans. Freelancers in all industries deal with the same problems due to the nature of their work. If you just did, congratulations, you have decided to own and operate a construction company.

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. Let’s take a look: Free Download: 6 Forecasting Best Practices All Construction Teams Need to Know Click Here. Embrace Automation. We’ve talked about this on, well, too many occasions to count.

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. Let’s take a look: [content_upgrade cu_id=”4502″] Free Download: 6 Forecasting Best Practices All Construction Teams Need to Know[content_upgrade_button]Click Here[/content_upgrade_button][/content_upgrade].

article thumbnail

Prevailing Wages in Pennsylvania: What Contractors Need to Know

Levelset

On construction projects where prevailing wage laws apply, it’s important to abide by those rules. In Pennsylvania, prevailing wage laws apply to any state or municipal construction project funded with public funds that cost over $25,000. Deep dive: How Do Prevailing Wage Laws Work in Construction? Prevailing wage rates.