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Transforming Construction Payments: Autodesk's Strategic Move with Payapps Acquisition 

Autodesk Construction Cloud

Despite this, both general contractors and subcontractors struggle with the complexities of the payment process and face significant cash flow obstacles. Time and time again, I hear about contractors’ frustrations and struggles with late payments and cash flow and how it negatively impacts their businesses.

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$170 million down the drain: Lessons to learn from Quirky’s bankruptcy

Construction Marketing Ideas

The quirky.com website (scrolling down from the bankruptcy notice at its top.) The bankruptcy notice. If you have limited resources, you are thoughtful about your costs, risks, and strategies. This business managed to blow $170 million in venture capital in less than seven years. Alas the idea didn’t work.

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Contractor Cash Flow Problems Caused By A Bookkeeping Troll

Contractor Bookkeeping

He needed help deciding to close his business, file bankruptcy and go to work for a competitor as a superintendent or turn his business around and make a go of it. Later that day he tried using his credit cards to buy gas and they were all declined. At that point he knew something was very, very wrong.

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How To Reduce Risk On Construction Projects

ProcurementExpress.com

Do you know if any of your projects are at risk? A huge topic of discussion in the Construction Industry consistently, is the scope of financial risk on a construction project. Why do these financial risks take place. What can I do besides bankruptcy? How to reduce your projects risk. Improper planning.

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How To Reduce Risk On Construction Projects

ProcurementExpress.com

Do you know if any of your projects are at risk? A huge topic of discussion in the Construction Industry consistently, is the scope of financial risk on a construction project. Why do these financial risks take place. What can I do besides bankruptcy? How to reduce your projects risk. Improper planning.

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Serious And Funny Construction Definitions Contractors Enjoy Reading

Contractor Bookkeeping

Assets of Company - Cash / Receivables – Payables / Trucks / Tools / Equipment / Material. Assets of Firm - Cash / Business Process / Sales Process / Client List / Predictable Cash Flow. Bad Numbers - Lead to bad decisions / cash shrinks / business unstable / bankruptcy or failure.

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3 Avoidable Headaches for Construction Project Managers [Webinar]

Autodesk Construction Cloud

The modernized process that the industry is adopting is to use automated software like Pype AutoSpecs for initial submittal log drafting to save time, standardize processes, and mitigate risk. Want to learn more about how AutoSpecs’ automation can save you time, standardize your processes, and mitigate risk across your projects?