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Restoration: How to Manage Cash Flow While Waiting for an Insurance Check

Levelset

To cover these expenses, restoration contractors need to manage their cash flow to ensure they have enough money in the bank — especially when the insurance company is dragging their feet. Poor cash flow management is the number one reason why construction businesses fail. Plan out your cash flow.

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Improve Cash Flow Forecasting with Autodesk Construction Cloud

Autodesk Construction Cloud

For any business, having enough operational cash on hand is critical. Without being able to accurately forecast cash flow, making important decisions about the future of your firm or projects is a risky venture at best. The answer is Autodesk Construction Cloud. Cash Flow Forecasting with Autodesk Construction Cloud.

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How Just-in-Time Land Deals Help Manage Cash Flow

Pro Builder

How Just-in-Time Land Deals Help Manage Cash Flow. But when it comes to land inventory strategies, most builders seem reluctant to rely on a “just-in-time” model to acquire land as needed for immediate construction. Reducing Land Risk. Fri, 06/12/2020 - 05:00. Justin Onorato. . Don't Pay Too Much for Land.

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Transforming Construction Payments: Autodesk's Strategic Move with Payapps Acquisition 

Autodesk Construction Cloud

A strong financial base in construction is as vital for success as a solid physical foundation is for any building project. Despite this, both general contractors and subcontractors struggle with the complexities of the payment process and face significant cash flow obstacles. Increasing financial risk.

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Construction Law: May 2024

Construction Law

News Our regular news round up includes a survey saying collaboration is on the rise; Network Rail promises a partnering approach in its new framework; and a warning that carbon reduction policy risks legal challenge. Legal terms explained Isabella Salame of Herbert Smith Freehills LLP explains what is meant by non-delegable duties.

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Types of Capital for Construction Businesses

Levelset

Construction companies need capital to get off the ground, stay in business, and keep growing. The term capital is used across industries to represent all of a company’s financial assets, including cash, inventory, equipment, and more. Construction companies need a solid understanding of capital to run a successful business. .

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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. During the Great Recession , more than 150,000 construction firms closed their doors, and 2 million construction workers lost their jobs.

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