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Tips for Creating a Healthy Cash Flow

Best Practices Construction Law

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. Written Contract. Contract Provisions.

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How to Avoid Running Out of Cash on a Construction Project

Levelset

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. Ensuring consistent cash flow throughout a project is the key to scaling your contracting business. Why contractors run out of cash. Poor planning.

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40+ Fresh Product Releases You Should Know in January

Autodesk Construction Cloud

This month, we have 40+ product releases across Autodesk Construction Cloud , including Autodesk Build, Autodesk BIM Collaborate, Autodesk Takeoff, BuildingConnected, and Assemble. Issues | Restore Deleted Issues – Autodesk Construction Cloud project administrators can restore previously deleted issues.

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Construction Business Owner Blogs

Construction Business Owner

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Data Security in the Cloud » Collaborating on Cash flow. Bad or outdated information is probably one of the biggest reasons cash flow issues occur. INSURANCE |.

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5 Ways to Prepare for New Revenue Recognition Standards

Viewpoint Construction Technology

When implemented properly, they offer improved cash flow and better accounting insight, which benefits contractors and customers. All of this should make the industry more streamlined in the way money flows and work gets done,” says Wayne Newitts, director of strategic partnerships at Viewpoint. Identify the Contract.

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Construction Financial Reporting – Why It’s Important and How To Do It

cnstrctr

When someone thinks of the excitement of constructing a new building, financial reporting immediately comes to mind. Nevertheless it an important part of any construction project. The second reason is for cash flow. These reports should summarize the overall budget, potential change orders, cash flow, risks and more.

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Five Tips To Help Contractors Stop Losing Money On Change Orders

Contractor Bookkeeping

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. This is harsh but true from my experience as a contractor and now as a construction accountant.