article thumbnail

Be Strategic About Your Cash Flow: New Opportunity for Autodesk Construction Cloud Users

Autodesk Construction Cloud

By monitoring and managing your working capital and cash flow, you’ll know with confidence if you have the ability to bid on and complete new projects, while being prepared to afford labor, materials , and general expenses knowing it could be 60 to 90 days before you see payment. Why Get Financing with Billd?

article thumbnail

The Blueprint for Better Expense Management

Construction Business Owner

The Blueprint for Better Expense Management. How Construction Companies Can Boost Cash Flow and Profitability. How your company pays for purchases and manages expenses impacts your employees, your customers, and your key business metrics, including profitability. Improve cash flow with faster billing.

professionals

Sign Up for our Newsletter

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

article thumbnail

How to Increase Cash Flow for Your Construction Business When You Can’t Get the Financing You Need From the Bank

Levelset

Many contractors feel using their personal accounts is the only way to get the cash they need to help their business and start bidding on jobs. In this article, we’ll share five ways you can increase your cash flow when the bank denies you access to the money you need to start or grow your construction company.

article thumbnail

The High Cost of Low Bids: When Contractors Compete on Price, Everyone Loses

Levelset

Prioritizing a low bid over contractor performance is a lose-lose procurement strategy. Unfortunately, low bidding is an accepted practice for both owners and contractors alike. Owners will say that focusing on the lowest bid possible ensures they get a good price. Who’s responsible for low-bid procurement?

Bidding 98
article thumbnail

4 Mistakes to Avoid in Construction Bidding

Viewpoint Construction Technology

One of the biggest stumbling blocks, though, is often at the beginning of a project – during bidding – but there are key areas to avoid in order to make sure your teams stay on track. All of these expenses are important to include for your bid to be accurate. What advice do you have when it comes to bidding? Science Meets Art.

Bidding 263
article thumbnail

Lead a Best-in-Class Construction Business

Construction Business Owner

Stan constantly struggles with the demands of owning and managing his business, from working on bids, estimating, ordering materials and scheduling 25 field workers to coordinating equipment, fielding phone calls and visiting jobsites daily. To make matters worse, cash flow is tight and he often has to cut prices to win work.'

Cash Flow 245
article thumbnail

Construction Company Cash Flows Are Easy To Understand

Contractor Bookkeeping

Construction Cash Flow Example. Starting Cash + Cash In - Cash Out] = Cash Flow. "If For anyone reading this who is not familiar with how cash flow works for a mid-size construction job, consider the following general example. Bid Price = $60,000. Example Job 1001. Who We Help.