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7 Things Contractors Need to Know About Retainage

Fieldwire

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. The basics of retainage Retainage, also called retention, is an amount withheld from the contractor until a later date.

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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 Business Owner Blogs

Construction Business Owner

Data Security in the Cloud » Collaborating on Cash flow. The topic of cash flow never seems to get old – after all, sustained negative cash flow often results in slashing budgets, personnel, and in the worst cases shutting down of a company. Technology for Collaboration & Cash Flow.

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Construction Business Owner Blogs

Construction Business Owner

While there are numerous reasons to change software applications, there are two that regularly come up in our discussions with prospective clients: cash flow control and project cost control. Back to Cash Flow. foundation. foundation software. Add new tag. business development. change orders. communication.

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Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

Many State and Federal projects require a contractor to be bonded. In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. This report illustrates how a contractor bills a client versus the work they have actually completed. foundation.

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Maximising ROI with construction project execution software

Lets Build

Free eBook: Quick guide to Lean practices for construction professionals The benefits of using construction project execution software in maximising ROI The project execution phase is the most delicate stage — it lays the foundation for the actual work and sits at the heart of the process.

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Construction Business Owner Blogs

Construction Business Owner

One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs. foundation. foundation software. The good news?

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