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Restoration: How to Manage Cash Flow While Waiting for an Insurance Check

Levelset

Even though the insurance company isn’t your customer, the property owner may be depending on that insurance check to pay for your work. Meanwhile, you’re incurring expenses that drain your bank account, like purchasing materials and paying employees. 5 tips to manage cash flow on a restoration project.

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4 Ways Materials Financing Can Help You Recession-Proof Your Business

Levelset

Managing cash flow in the construction industry is difficult in any economy, but during a recession, specialty contractors face even more financial challenges than usual. One of the most significant challenges during that time was the lack of financing for commercial construction companies.

Finance 52
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Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. INSURANCE |. General Management. Accounting & Finance. People Management. Equipment Management. Bank lines of credit are lifelines for many contractors, yet convincing a bank to provide or renegotiate a line of credit is not easy. Banks are attracted to profitable business.

Banking 120
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What Your Business Credit Report Tells Lenders

Pro Builder

It helps lenders assess whether you’re qualified for the loan amount you’re requesting and if you’ve been good at managing your company’s finances. 15 Management Systems to Help You Avoid the High-Speed Wobbles. Insurance companies will look for your business credit report as part of the underwriting process.

Debt 52
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Common Types of Construction Contracts And Their Use

cnstrctr

The different types of construction projects include: Lump Sum Construction Management (Cost Plus / Guaranteed Maximum Price) Design Build Design Build Finance Maintain. Construction Management Contracts. Construction Management contracts were introduced in the 1980s as a new way to manage construction contracts.

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4 tips to optimize hotel construction costs

The Korte Company

Maximize soft cost management. Construction project insurance premiums. Weigh your hotel construction financing options. Whatever the case, securing construction financing will play a big part of the early stages of a project. They include: Construction permit fees payable to the applicable jurisdiction.

Finance 68
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Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. INSURANCE |. General Management. Accounting & Finance. People Management. Equipment Management. Mr. Rattner discussed the stress tests given by the Treasury Department to large banks that were receiving TARP funds. Better Project Management through Better Communication.