Best Practices Construction Law
NOVEMBER 26, 2012
Who couldn't use more cash during the holiday season? No matter the season, however, construction companies rely heavily on cash flow to fund their operations. Cash flow depends on so many variables, but there are a few that you can control. Tie bonuses or other incentives to effective cash flow management.
Lets Build
JUNE 23, 2023
Investing in quality means you have to make fewer changes during the project—it saves time, it saves money, it saves headaches. No one wants a project full of change orders and rework. Cash flow Cash isn’t king – cash flow is.
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Lets Build
JUNE 23, 2023
Investing in quality means you have to make fewer changes during the project—it saves time, it saves money, it saves headaches. No one wants a project full of change orders and rework. Cash flow Cash isn’t king – cash flow is.
Levelset
MARCH 11, 2022
And any savings on paper are usually lost mid-way through the project in change orders. Change orders inevitably increase costs , and schedule delays eat into the project’s budget. Low Bidding Impacts Contractor Cash Flow. That disrupts your project’s, and your organization’s, cash flow.
Levelset
APRIL 5, 2022
Bigger projects require more materials and more labor, which means higher cash requirements. Contractors can take on more work than their cash flow will let them perform, leaving them scrambling for cash to pay their bills or their employees. But what about cash flow? Forecast cash flow.
Contractor Bookkeeping
MAY 2, 2013
Part of the root cause can be traced to a mild case of "Stockholm Syndrome" where contractors feel their cash flow may be held captive by their customers or clients. In this case the "Hammer" is a change order. Change orders are the "Hammer" and if you have a signed change order you have the hammer.
Contractor Bookkeeping
OCTOBER 6, 2023
Small construction business owners must be adequately prepared to meet with a lender to present their business in the best possible light and ready for the money they need.
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