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Construction Company Budget Vs. Cash Flow

Contractor Bookkeeping

While the future remains a mystery, budgeting and cash flow forecasting tools can significantly reduce uncertainty, allowing you to anticipate challenges, learn from past events, and enhance your ability to navigate your business. Although they often deal with the same data, their applications differ.

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Common Construction Business Pitfalls And How To Overcome Them

Contractor Bookkeeping

Construction Company owners like you have probably experienced life-changing events in the past few years, as many of our clients did. Poor Cash Flow Management One of the biggest challenges for construction businesses is managing cash flow. Are you struggling to keep your construction business afloat?

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Common Construction Business Pitfalls And How To Overcome Them

Contractor Bookkeeping

Construction Company owners like you have probably experienced life-changing events in the past few years, as many of our clients did. Poor Cash Flow Management One of the biggest challenges for construction businesses is managing cash flow. Are you struggling to keep your construction business afloat?

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Reasons Why Contractor Startups Fail And How To Avoid Them

Contractor Bookkeeping

When we speak with contractors who failed, most say it was due to a lack of cash flow. It was pretty obvious, yet when questioned, all of them said they were "Blind-Sided" and were not aware they were running out of cash until it was too late. Planning is essential to give your business the best chances for success.

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A Discussion on Change Management within Technology Adoption: the Good, the Bad and the Profitable

Viewpoint Construction Technology

Editor’s Note: This is part of a series highlighting real customer stories shared during our Digital Contractor Roadshow events. We asked our customers how they dealt with these questions during our Digital Contractor Roadshow event in Houston, Texas a few weeks ago. However, this is easier said than done. Was it pen and notepad?

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Construction quality management: Everything you need to know

Lets Build

It’s a curious paradox that few industries are as tightly regulated and controlled as the construction sector, yet at the same time, few industries are as vulnerable to unexpected events. If it’s a new situation, it may be necessary to devise workarounds to issues as diverse as legal risks, worker training, or cash flow concerns.

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In the event of an emergency (recession), first ditch BIM.

DebunkTheBIM

Never mind, that BIM is supposed to save money and make things more efficient – faced by consultants, contractors and others, themselves keen to keep their cash-flows in the black and armed with ‘take it or leave it attitudes’ – BIM tends to be the first ‘project luxury’ to get dropped.

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