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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. Adding to the complexity are project durations (which can go from days to years), the broad scope of work, the logistical sequencing of tasks and any conditions tacked onto the contract. Create Rolling Enterprise Cash Flow Forecasts.

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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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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

Construction companies face more cash flow challenges than just about any other industry. But, the point is, construction teams can benefit more than your average business services company from the latest cloud-based software. Most construction orders begin with a contract. Speed Up Receivables.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

Construction companies face more cash flow challenges than just about any other industry. But, the point is, construction teams can benefit more than your average business services company from the latest cloud-based software. Most construction orders begin with a contract. Speed Up Receivables.

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The Interconnected Construction Organization — Part 2: The Benefits of Integrated Construction Software in the Cloud

Viewpoint Construction Technology

Integrated software can make workflows easier for contractors in both the office and the field. Imagine a construction work environment void of the frustration that comes with paperwork, outdated data, disconnected software solutions and the inability to effectively collaborate.

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5 Critical Construction Project Reports your System Should Pull Without Fuss

Viewpoint Construction Technology

Here’s a list of key reports that you should be able to pull at any moment from your construction project management software: Basic Accounting Reports. A modern system will also have integrated contract valuation capabilities (which results in auto-generated work-in-progress accounting entries). Forecasting and Cash Flow Reports.

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How to Avoid Running Out of Cash on a Construction Project

Levelset

Bigger projects require more materials and more labor, which means higher cash requirements. 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. But what about cash flow? Forecast cash flow.