article thumbnail

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

Levelset

Meanwhile, you’re incurring expenses that drain your bank account, like purchasing materials and paying employees. To cover these expenses, restoration contractors need to manage their cash flow to ensure they have enough money in the bank — especially when the insurance company is dragging their feet. Protect your lien rights.

article thumbnail

Prevailing Wages in Pennsylvania: What Contractors Need to Know

Levelset

Federally funded projects in Pennsylvania are governed by the Davis-Bacon Act and its rules and regulations. If you don’t have sufficient cash in the bank, you need to find ways to delay paying for some project costs until you get paid by your customer. Deep dive: How Do Prevailing Wage Laws Work in Construction? Prevailing wage rates.

professionals

Sign Up for our Newsletter

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

article thumbnail

Prevailing Wages in Minnesota: What Contractors Should Know

Levelset

Options like materials financing and mobilization financing can help contractors delay some of the early project costs, giving them more ready cash to pay their workers. If you don’t have sufficient cash in the bank, you need to find ways to delay paying for some project costs until you get paid by your customer. Learn More.

article thumbnail

The Secret Sauce to Protecting Construction Profits  

Autodesk Construction Cloud

Bank failures, rising interest rates, high material prices, and labor crunches are all making it more challenging for construction companies to protect, let alone, improve their margins. Plus, unforeseen circumstances like weather conditions, supply chain disruptions, or regulation changes can also arise. And the pressure is rising.

article thumbnail

Do Steel Toe Boots Set Off Metal Detectors?

Work Gearz

We all know how metal detectors at airports, malls, railway stations, banks, and entrances to every important building are sensitive to even the smallest metallic objects. It is a bit more flexible than steel and has better mobility capabilities.

article thumbnail

Britain’s draconian coronavirus lockdown could be eased when fewer than 50 new cases are recorded each day for a fortnight, top scientist suggests

Construction Test

In a sign of the intensifying strain on the country’s finances, the Government said it has expanded its overdraft with the Bank of England to ensure it has sufficient cash to cope with disruption. . It said the central bank will directly finance the extra spending the Government needs on a temporary basis.

Banking 26
article thumbnail

Snapshots: 60 Seconds… With Michael Finney, President And CEO, Michigan Economic Development

Buisness Facilities Contributed Content

A wide range of services also will be represented on the show floor, including building automation, engineering, mobile workplace solutions, network solution providers, energy management specialists, and many more. BF: The Small Business Credit Initiative helps companies get bank loans to expand.