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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. document management.

Banking 120
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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). Speed Up Receivables. Use Financing to Provide a Cushion.

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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). Speed Up Receivables. Use Financing to Provide a Cushion.

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Prevailing Wages in Pennsylvania: What Contractors Need to Know

Levelset

The contracting authority provides bidders with the prevailing wage rates within the bid and contract documents. Higher labor costs can put a real crunch on your cash flow during a prevailing wage job. How to deal with higher labor costs. Additionally, building prevailing wages into your estimates and bids isn’t enough.

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You Have HUD-1 Statements And Your Bank Wants Financial Statements

Contractor Bookkeeping

You are a spec home builder in need of a construction draw and your bank or lender wants to see your latest financial reports and this time they want all of the current houses you are working on to be reflected in QuickBooks correctly as Work-In-Process (W.I.P.) Cloud based document storage. Does this sound familiar?

Banking 48
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Prevailing Wages in Minnesota: What Contractors Should Know

Levelset

They are determined by the current rates in force at the time the project goes out for bid and are usually included in the bid and contract documents. Higher labor costs can put a real crunch on your cash flow during a prevailing wage job. Wage determinations are set by each county and must be posted at each job site.

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Bill.Com Setup For The Unique Needs Of Construction Contractors

Contractor Bookkeeping

You''ll also want to introduce us to your bank, so you can make and receive payments, add other users and set up a workflow, and personalize your account. In the end we believe Bill.Com is still a worthwhile investment because of the time savings and increased cash flow.).