Levelset
AUGUST 4, 2022
You’re providing a service to your customers, but your contracts are often lump-sum , and billings are often determined by the percentage of completion. However, like any other business, you need to maintain positive cash flow or you may find yourself unable to pay your workers and other expenses. Cash flow basics.
Carol Hagen
JULY 1, 2009
We all know that cash flow is the life blood of our business (whether you’re a contractor or a CPA firm). Do you know how long your cash will last? To see your future rather than the past, to become more goal oriented, take a peek at Up Your Cash Flow (UYCF). A time consuming process!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Contractor Bookkeeping
AUGUST 29, 2014
Cash flow is the lifeblood of any construction company and especially the ones with annual sales volume under $1,000,000. Some construction Company experts even say that a healthy cash flow is more important than your contracting company''s ability to complete projects! Is Cash Flow The Same As Profit?
Contractor Bookkeeping
MAY 5, 2014
In the meantime, service agreement customers are a source of cash flow and are predetermined to call you instead of your competition when repairs are necessary. They may call your contracting company for future work or they may decide to shop the competition and use the information they find to negotiate for a lower price.
cnstrctr
JULY 1, 2019
The second reason is for cash flow. These reports should summarize the overall budget, potential change orders, cash flow, risks and more. These reports get distributed to your client and consultants. Consider issuing your reports on a monthly basis if the contract doesn’t specifically outline it in detail.
Levelset
JUNE 3, 2022
When a loss occurs, it can put a real crunch on a contractor’s cash flow. It protects contractors and construction managers from unexpected increased costs in the performance of a construction contract. It also helps contractors manage cash flow during a loss. of contract value and is billed quarterly.
Viewpoint Construction Technology
FEBRUARY 7, 2019
Each project carries a significant amount of risk including countless safety issues, stringent regulations or contractual obligations, weather delays, lack of qualified labor, subcontractor performance and inconsistent cash flows, just to name a few. Patti Smith, Business Process Manager, Ideal Contracting. Ease of Use.
Expert insights. Personalized for you.
52 
Let's personalize your content