Levelset
MARCH 21, 2022
To cover these expenses, restoration contractors need to manage their cash flow to ensure they have enough money in the bank — especially when the insurance company is dragging their feet. Poor cash flow management is the number one reason why construction businesses fail. Plan out your cash flow.
Levelset
AUGUST 4, 2022
However, like any other business, you need to maintain positive cash flow or you may find yourself unable to pay your workers and other expenses. Let’s take a look at the basics of cash flow and how architects can budget their expenses and forecast their income to stay in good financial standing. Cash flow basics.
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Levelset
FEBRUARY 3, 2023
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. One of the most significant challenges during that time was the lack of financing for commercial construction companies.
Levelset
AUGUST 29, 2022
Having access to extra cash flow can eliminate financial barriers before they become roadblocks for your business. Even if you have enough cash today, financing your materials is a great solution to have in your back pocket for unexpected needs in the future. “We Now it is with Materials Financing.” – Joseph G.,
Levelset
JULY 28, 2022
While labor shortages may seem like a people problem, they’re a cash flow issue too. For companies to offer competitive salaries and maintain payroll, they must have enough cash flow to pay overhead costs and employees. Learn more about Materials Financing here. Get materials now. Pay when you get paid. .
Levelset
JULY 25, 2022
Because payment for construction jobs may be weeks or months after work is already completed, companies must manage their finances carefully to maintain cash reserves for taking on new jobs. “Often, the case is pretty strong to use debt financing for long-term assets, which frees up cash for operating expenses.
Construction Enquirer
JULY 19, 2023
In a year-end trading statement, Kier said it had also managed to keep the order book above £10bn, with 85% of next year’s forecast revenue already secured. He added that Kier had generated better positive operating cash flow for the year and would now report a net cash position of around £60m at the year-end, higher than the £2.9m
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