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3 cash flow forecasting tips for your next big construction project

Viewpoint Construction Technology

Effectively managing cash flow is critical for contractors’ success. Considering these complexities, it’s easy to understand why, throughout the life of a project, a variety of things can change — directly impacting the original cash flow forecast. Create Rolling Enterprise Cash Flow Forecasts.

Cash Flow 130
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How to Increase Cash Flow for Your Construction Business When You Can’t Get the Financing You Need From the Bank

Levelset

As a commercial specialty contractor, it can be frustrating to have the crew, time, and skills you need to take on construction projects but not enough cash to purchase materials. 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.

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4 Ways Materials Financing Can Help You Recession-Proof Your Business

Levelset

Managing cash flow in the construction industry is difficult in any economy, but during a recession, specialty contractors face even more financial challenges than usual. One of the most significant challenges during that time was the lack of financing for commercial construction companies.

Finance 52
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Types of Capital for Construction Businesses

Levelset

Because payment for construction jobs may be weeks or months after work is already completed, companies must manage their finances carefully to maintain cash reserves for taking on new jobs. “Often, the case is pretty strong to use debt financing for long-term assets, which frees up cash for operating expenses.

Debt 97
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Equipment Financing Means Flexible Solutions For Business Needs

Buisness Facilities Contributed Content

Sutton, CAE, President and CEO of the Equipment Leasing and Finance Association. That’s why it has never been more important for startups and small businesses to understand their options for financing the equipment needed to operate and grow their businesses. By William G. Key Benefits for Unique Business Needs.

Finance 63
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Real Estate Investment Trusts (REITs): Understanding the Construction Connection

Construction Marketing

Real Estate Investment Trusts (REITs) are owners, operators, and financers of income-generating real estate properties. Mixed-Use Developments These developments typically include a combination of residential, commercial, and retail spaces in one building or complex, and can be located in urban or suburban areas.

Income 216
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Prevailing Wages in Minnesota: What Contractors Should Know

Levelset

Minnesota breaks its prevailing wage rates into two categories: highway/heavy construction and commercial construction. Commercial construction includes building projects exclusive of residential construction. Here are some rates for commercial construction in St. One solution is material financing.