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A Cash Flow Guide for Architects

Levelset

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.

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Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

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?

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Service Agreements Can Improve Contractors Cash Flow And Profits

Contractor Bookkeeping

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.

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

cnstrctr

Keeping an owner, and your own company informed of the financial status of a project is just as important as quality and schedule. The second reason is for cash flow. These reports should summarize the overall budget, potential change orders, cash flow, risks and more. Schedule – Provide a schedule.

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Maximising ROI with construction project execution software

Lets Build

More to read: Why construction should stop thinking of software as a cost Effective collaboration Several teams are involved in construction project execution, including contractors, project managers, consultants, and clients. This includes blueprints, legal contracts, building codes, budget documents, proposals, bids, etc.

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Maximising ROI with construction project execution software

Lets Build

More to read: Why construction should stop thinking of software as a cost Effective collaboration Several teams are involved in construction project execution, including contractors, project managers, consultants, and clients. This includes blueprints, legal contracts, building codes, budget documents, proposals, bids, etc.

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10 Contract Terms for Higher Profitability

PSMJ Resources

With an uncertain economic climate, the emphasis on solid contract terms is increasingly vital to a firm''s financial success. Most clients are demanding more work for lower fees, and firms that do not reexamine the terms of their contracts usually find themselves without enough income to break even, let alone make a profit.