Banking Cash Flow Contract Debt 
Contractor Bookkeeping
AUGUST 29, 2014
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?
Contractor Bookkeeping
MAY 5, 2014
In the meantime, service agreement customers are a source of cash flow and are predetermined to call you instead of your competition when repairs are necessary. They may call your contracting company for future work or they may decide to shop the competition and use the information they find to negotiate for a lower price.
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Pro Builder
JANUARY 31, 2023
It’s important to work on reducing cycle times , as this affects cash flow, capital requirements, indirect construction costs, financing expenses, general and administrative expenses, and, ultimately, profits. Banks can get into trouble, too. Manage debt. The October PPI increase was 8%, with a 17.3%
Levelset
AUGUST 16, 2022
In some cases, prior to speaking with the surety, it is helpful to prepare an itemized list that breaks the project’s contract value down by scope and/or subcontractor. You can calculate your working capital by adding your cash on hand with your accounts receivable that are under 90 days. Ability to absorb losses.
Pro Builder
MAY 29, 2020
Many builders reported that last December was unusually busy, the best in years for housing starts and contracts. Yet some tools and tactics are salient no matter the economic climate, such as controlling cash flow and getting out of deals that may no longer pencil out in the new conditions. . . 1] Mind Your Cash.
Contractor Bookkeeping
MARCH 9, 2013
Some Contractors Hire Part Time Secretaries to do everything including construction bookkeeping and then wonder why their company debts keep growing and crushing them. Verifying the signed contract is in place. Enter banking transactions including EFT, ACH, NSF, checks, debits and automatic payments. Enter bank deposits.
Contractor Bookkeeping
JUNE 1, 2013
One of the keys to long term success in contracting is a deep understanding how the 80/20 Rule applies to your construction company and it is not just in your client mix as shown below, there is a lot more to it. It sounds crazy but look around you some of your competitors are laughing all the way to the bank and you can too! "If
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