Contractor Bookkeeping
AUGUST 11, 2023
Ideally, you want to reduce the chance of bad debts and pressure on your construction company's cash flow. When negotiating contracts with clients, try to set payment terms that help your cash flow, such as deposits or progress payments.
Levelset
JULY 25, 2022
The term capital is used across industries to represent all of a company’s financial assets, including cash, inventory, equipment, and more. Several different types of capital — working capital , debt capital , and equity capital — are common in the construction industry. Debt capital. 3 types of capital for construction.
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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.
Construction Law
MAY 2, 2024
Arbitration Restructuring versus arbitral awards – will the debt survive? Paul-Raphael Shehadeh of Duane Morris analyses a dispute that will be of great interest to insolvency and international arbitration practitioners, that highlights the benefits of a negotiated dispute settlement.
PSMJ Resources
JULY 10, 2013
When negotiating a contract, insert as many of the following terms into the contract as possible: 1. It''s a good negotiating tactic to ask for money up front. To improve cash flow, ask the client to pay twice a month in accordance with a predetermined payment schedule. Get partial or full payment of fees before starting.
Pro Builder
MAY 29, 2020
Yet some tools and tactics are salient no matter the economic climate, such as controlling cash flow and getting out of deals that may no longer pencil out in the new conditions. . . 1] Mind Your Cash. If the market did roll over, he might have to lay people off, but would not be stuck with land debt. Is it profitable?
Pro Builder
JANUARY 31, 2023
It’s important to work on reducing cycle times , as this affects cash flow, capital requirements, indirect construction costs, financing expenses, general and administrative expenses, and, ultimately, profits. Manage debt. Work on reducing your debt and renegotiate your loans before they get into trouble. Manage overhead.
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