Remove Cash Flow Remove Equipment Remove Insurance Remove Management
article thumbnail

The most important construction KPIs to improve profits and productivity

Lets Build

It’s also a good idea to keep an eye on the project’s: Number of defects Time to fix defects Rework rate and cost Punch list completion rate More to read: Construction quality management 101: Everything you should know 2. Investing in health and safety lowers the frequency of unexpected costs, like expensive insurance payments and lost time.

article thumbnail

The most important construction KPIs to improve profits and productivity

Lets Build

It’s also a good idea to keep an eye on the project’s: Number of defects Time to fix defects Rework rate and cost Punch list completion rate More to read: Construction quality management 101: Everything you should know 2. Investing in health and safety lowers the frequency of unexpected costs, like expensive insurance payments and lost time.

professionals

Sign Up for our Newsletter

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

article thumbnail

4 Ways Materials Financing Can Help You Recession-Proof Your Business

Levelset

Managing cash flow in the construction industry is difficult in any economy, but during a recession, specialty contractors face even more financial challenges than usual. At Levelset, we understand the construction industry and the importance of cash flow security for specialty contractors.

Finance 52
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. INSURANCE |. EQUIPMENT |. General Management. People Management. Equipment Management. Equipment and Services Directory. Data Security in the Cloud » Collaborating on Cash flow. Tracking cash flow isn’t just important within your own office, though.

Cash Flow 120
article thumbnail

Construction Site Theft: Impact and Prevention

Levelset

Materials, insurances, permits, payroll, and other typical costs are relatively simple to account for. Luckily, there are insurance policies that will replace the cost of the stolen goods, such as builders risk insurance. Insurance claims. Restricted cash flow. Learn more about cash flow in construction.

Site 52
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. INSURANCE |. EQUIPMENT |. General Management. People Management. Equipment Management. Equipment and Services Directory. Whenever we talk to companies who are looking to purchase new construction management software, we always ask why they are looking to switch. STRATEGY |.

Cash Flow 120
article thumbnail

From Zero to Hero: Construction Risk Management

Safety Services Company

IS YOUR BUSINESS EFFECTIVELY PRIORITIZING CONSTRUCTION RISK MANAGEMENT? From financial difficulties to fatal accidents, construction risk management is integral in order to secure a company’s survival and eventual growth. With that said, construction risk management should be a priority for your company. Financial Risks.

Risk 62