Contractor Bookkeeping
OCTOBER 6, 2023
Think of all the times: You loaned money to a friend or relative Provided labor and materials for somebody's home or business without a deposit check Did change order work that you never got paid for doing and never will Gave a subcontractor/employee an advance on their paycheck, and you never got paid back Multiply that by 100,000, and you will understand (..)
Contractor Bookkeeping
OCTOBER 11, 2019
Contractors want money; banks want to lend money, what's the problem? Did change order work that you never got paid for doing and never will. Multiply that by 100,000, and you will begin to understand why banks seem so tight-fisted about loaning money. Think of all the times: You loaned money to a friend or relative.
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Green Building Law Update
APRIL 4, 2021
Not to mention there is anecdotal evidence from the first LEED Zero projects that the required integrated process has reduced change orders by a magnitude of up to 90% resulting in dramatic reduced total construction costs. they appear to be paying the same mortgage interest rates as similar conventional buildings in those markets.
Contractor Bookkeeping
MAY 24, 2019
Construction companies need short-term liquid working capital such as cash, lines of credits, loans, owner financing, credit cards, supplier accounts, and other forms of money to conduct daily operations. Likewise, larger firms can leverage economies of scale.
Construction Business Owner
FEBRUARY 16, 2012
Accounting & Finance. 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.
Contractor Bookkeeping
AUGUST 6, 2014
You Want Money; Banks Want To Lend Money, What''s The Problem? Did change order work that you never got paid for doing and never will. Multiply That By 100,000 And You Will Begin To Understand Why Banks Seem So Tight Fisted About Loaning Money. Banks stay in business is by loaning money and earning interest.
Levelset
APRIL 5, 2022
In this article, we’ll explore some strategies to help you keep money in the bank. It’s important to lock in materials costs early or request a change order to cover price increases. Finance material purchases. Material financing can help you delay the payment of material invoices for up to 120 days.
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