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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. They manage multiple projects, purchase a large quantity of materials, and work with a variety of subcontractors and vendors. Let’s take a look: Free Download: 6 Forecasting Best Practices All Construction Teams Need to Know Click Here.

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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. They manage multiple projects , purchase a large quantity of materials, and work with a variety of subcontractors and vendors. Embrace Automation. Speed Up Receivables. Look, all invoices must be automated and sent out ASAP.

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Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. General Management. People Management. Equipment Management. We are officially in fall, so grab some hot chocolate and let’s discuss why, despite available document imaging technology, people still use paper. People want to have access at any given time to all of their documents. STRATEGY |.

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Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. General Management. People Management. Equipment Management. To further complicate matters, a construction project may have hundreds, perhaps thousands, of people working on it at any given time, making document version control a constant struggle. construction management. document management.

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Construction Cost Codes: Everything You Need to Know

Autodesk Construction Cloud

Given the continually changing nature of construction projects, accurately managing and executing construction costs is critical to the project’s financial outcome. A key piece is having the ability to see and compare how much specific items or tasks cost so you can correctly forecast and manage cash flow. .

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How to Get Your Supers to Actually Fill Out Daily Reports

ProcurementExpress.com

Construction daily reports are a vital part of managing construction projects. These documents contain a wealth of information, providing insights that can inform future contracts, estimates, and inventory management. The problem is that supers and project managers often skip out on daily reporting or breeze through the steps.

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7 Steps to Successful Project Closeout

Autodesk Construction Cloud

The right tools and documents make it easier to complete project closeout and keep customers satisfied. Step six is to write up a final report outlining each of the previous steps for upper management. Download our Ultimate Project Closeout Checklist : What Is Construction Closeout? Key Takeaways.