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A Cash Flow Guide for Architects

Levelset

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. Let’s take a look at the basics of cash flow and how architects can budget their expenses and forecast their income to stay in good financial standing. Cash flow basics.

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Haydon M&E files administration notice

Construction Enquirer

Haydon entered a Corporate Voluntary Arrangement with its creditors in August 2022 following cash flow pressures. The CVA deal was designed to distribute at least £7.2m to creditors at the rate of £200,000 a month starting in November 2022 with suppliers getting at least 80p in the £1 back for their debts.

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Suppliers left high and dry as Haydon M&E goes under

Construction Enquirer

The collapse comes less than a year after Haydon entered a Company Voluntary Arrangement with its creditors in August 2022 following cash flow pressures. The CVA deal was designed to distribute at least £7.2m

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Construction Law: May 2024

Construction Law

Guest editor JCT 2024 ducks the difficult issues JCT’s Design and Build contract has been updated for the first time in eight years. Arbitration Restructuring versus arbitral awards – will the debt survive? Legal terms explained Isabella Salame of Herbert Smith Freehills LLP explains what is meant by non-delegable duties.

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10 Contract Terms for Higher Profitability

PSMJ Resources

Receiving money up front, depositing it, and not crediting it to the client until the last invoice has been submitted allows you to avoid a bad debt, and earns maximum interest on the deposit. To improve cash flow, ask the client to pay twice a month in accordance with a predetermined payment schedule.

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How to remove irritants from your business (and construction marketing)

Construction Marketing Ideas

Our invoices were not designed clearly to explain the special early-payment savings, and quite a few clients though we were misleading them with artificially high costs for the 25-per-cent-higher Gross price for late payers. There are other irritants, which occur in your processes once your clients do business with you.

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What Labor Shortage? Not All Home Builders Affected Equally

Pro Builder

Yet, here we are, with strong sales, great cash flow, abundant profits, and not enough people to build the homes. . debt-to-GDP ratio was considerably higher during World War II than it is today, and you never hear anyone suggest we overspent fighting Hitler and Tojo. By way of comparison, the U.S.