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8 Tips to Manage Cash Flow Like Your Construction Business Depends on It

Autodesk Construction Cloud

Cash flow can make or break any business, especially in the construction industry. To successfully grow, construction firms need to effectively manage cash flow to procure materials, pay vendors and salaries, fund new projects, and finance other day-to-day business operations. Properly manage change orders.

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7 Steps to Successful Project Closeout

Autodesk Construction Cloud

And that 10% loss doesn’t even factor in the costs associated with claims that can come from prolonged payment disputes. Problems like delayed change orders, poor communication and lost paperwork may make it harder to close out a project on time. Delayed change order resolution. Common Project Closeout Problems.

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Construction Business Owner Blogs

Construction Business Owner

The more accidents and safety violations you have on a job, the more the job is going to cost; and the last time I checked you can’t submit a change order just because your team got hurt on the job! Companies who have more claims than average will have a higher than average rate, for example, 1.6. change orders.

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Unique Tips To Reduce Construction Company Start Up Stress

Contractor Bookkeeping

We strongly recommend a Subchapter S Corp (a Sub S) for tax advantages, protecting your personal assets in the event of a claim or lawsuit against your company and for future expansion. Your contracts need a well-defined scope of work, clear payment terms, a reasonable schedule and a good change order clause.

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New Contractor Business Start Up

Contractor Bookkeeping

We strongly recommend a Subchapter S Corp (a Sub S) for tax advantages, protecting your personal assets in the event of a claim or lawsuit against your company and for future expansion. Your contracts need a well-defined scope of work, clear payment terms, a reasonable schedule and a good change order clause.

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Construction Business Owner Blogs

Construction Business Owner

I often see claims in business articles that the best practice for analyzing something (whatever that may be) is to get more data. change orders. Over the years, though, I’ve learned that it’s easy to get caught up in the numbers and gathering more data to the point that I’ve lost sight of what I initially set out to analyze.

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We Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Get Organized - We strongly recommend a Subchapter S-Corp for tax advantages, protecting your personal assets in the event of a claim or lawsuit against your company and for future expansion. Your contracts need a well-defined scope of work, clear payment terms, a reasonable schedule and a good change order clause.