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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. If you compete from the low bid mindset, whether imposed or because you think it will win you more business, you take on an unnecessarily large amount of risk. You set a price.

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5 Ways to Prepare for New Revenue Recognition Standards

Viewpoint Construction Technology

When implemented properly, they offer improved cash flow and better accounting insight, which benefits contractors and customers. All of this should make the industry more streamlined in the way money flows and work gets done,” says Wayne Newitts, director of strategic partnerships at Viewpoint.

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RELi Could be Standard Practice in Nearly Every Real Estate Transaction

Green Building Law Update

will help identify and reduce the risk of damage in the event of a natural disaster, economic disruption, resource depletion or other crisis for buildings, homes, neighborhoods and infrastructure. criteria include acute hazard preparation and adaptation strategies along with chronic risk mitigation at the building and neighborhood scale.

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RELi Could be Standard Practice in Nearly Every Real Estate Transaction

Green Building Law Update

will help identify and reduce the risk of damage in the event of a natural disaster, economic disruption, resource depletion or other crisis for buildings, homes, neighborhoods and infrastructure. criteria include acute hazard preparation and adaptation strategies along with chronic risk mitigation at the building and neighborhood scale.

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Championing Regulatory Compliance with the Right Construction Management Software

Viewpoint Construction Technology

With violations often resulting in enormous fines and serious punishments (a case in point is the current ramifications of using polyethylene core-filled panels currently affecting firms in Melbourne), companies are placed in a position where they walk on tiptoes or risk putting their operations in hot water.

Software 130
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Selling Your Home Building Company? Here's What to Expect

Pro Builder

You also need to prepare key information about the assets that will be presented to bidders, who will then use that data to evaluate your business and populate their own cash flow and valuation models. At our advisory firm, we urge sellers to disclose everything … including the good, the bad, and the ugly.

Deals 52
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Turning Back the Clock: DOL Proposes Previous Davis-Bacon Prevailing Wage Definition

Construction and Infrastructure Law

7] However, the DOL stated that the proposal does not “risk creating an end-run around the administrative procedures” currently required. The bill has been referred to the Committee on Health, Education, Labor, and Pensions. Similar concerns are being raised in response to the recent introduction of the Clean Energy for America Act.