article thumbnail

Growing Your Construction Business Through Streamlined Financial Operations

Construction Business Owner

Central Construction business finances are complex, with multiple budgets for different job sites, lots of employees who need corporate cards, and complex systems to calculate cash flow. Shortly after, he transitioned to the family business: construction.

Cash Flow 156
article thumbnail

Claritas Group went down owing £7m to supply chain

Construction Enquirer

The Kent based contractor confirmed earlier this month that it was heading for liquidation following cash flow and inflationary pressures. Claritas specialised in projects up to £70m across the residential, commercial and education markets. Details show trade creditors owed £2.7m and subcontractors a further £4.6m

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Claritas Group heading for liquidation

Construction Enquirer

Kent based contractor Claritas Group is heading for liquidation after being sunk by cash-flow and inflationary pressures. “The challenge of cash flowing and managing the losses associated with the inflationary pressures of these uncertain times was just too great. turnover generating a pre-tax profit of £455,000.

article thumbnail

The High Cost of Low Bids: When Contractors Compete on Price, Everyone Loses

Levelset

It’s time to re-educate the construction industry and reframe the “low bid wins” philosophy. Low Bidding Impacts Contractor Cash Flow. That disrupts your project’s, and your organization’s, cash flow. Cash flow shortages impact performance. How improving cash flow improves project performance.

Bidding 98
article thumbnail

Would You Like To Know Wealthy Contractor's Selling Secrets?

Contractor Bookkeeping

After that, I attended several Colleges and Universities to further my education. The point of this article is for contractors who are having any financial struggles is to provide you with the time-tested and proven answer to more cash flow and profits as soon as possible!

article thumbnail

Exclusive survey: Revenues increased at nearly half of AEC firms in 2013

BD+C

saying cash flow had stayed the same. Nearly half of the respondents (46.1%) to an exclusive Building Design+Construction survey of AEC professionals reported that revenues had increased this year compared to 2012, with another 24.2% Body Image: read more.

article thumbnail

Online Exclusive: Accounting Basics for Small Contractors — Employee Fraud

Contractor Magazine

profit percentage before taxes, the difference between profits and the cash in your bank account, and why cash flow is so important to the company. Let’s assume that you have educated yourself on those topics and your business is performing at or above that profit percentage. Management Registered User'