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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

Construction companies face more cash flow challenges than just about any other industry. There’s a lot to be said about the impact automation can have on processes like accounts payable, procurement, and more. Let’s take a look: Free Download: 6 Forecasting Best Practices All Construction Teams Need to Know Click Here.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

Construction companies face more cash flow challenges than just about any other industry. There’s a lot to be said about the impact automation can have on processes like accounts payable, procurement , and more. Embrace Automation. We’ve talked about this on, well, too many occasions to count. Speed Up Receivables.

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

Levelset

Prioritizing a low bid over contractor performance is a lose-lose procurement strategy. Who’s responsible for low-bid procurement? Learn more about bidding & procurement: Bidding on private construction projects Bidding on government projects 7 construction bidding websites to find more projects. And guess what?

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Step Up Your DEI Initiatives with Certification Tracking in BuildingConnected

Autodesk Construction Cloud

The construction sector continues to step up its diversity initiatives, and for good reason: industry data shows that having diverse teams leads to more innovation, stronger ideas, and better business decisions.? . times higher cash flow per employee over a three-year period than non-diverse companies.”

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Construction 4.0—What it Is and How to Get Ready

ProcurementExpress.com

Procurement teams will need to consider pre-fabrication and 3D printing along with traditional sourcing methods. According to that same McKinsey report, procurement and supply chain management are still relatively cumbersome, mostly manual processes. 3D Printing and Procurement. It’s not exactly a new idea.

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Construction 4.0—What it Is and How to Get Ready

ProcurementExpress.com

Procurement teams will need to consider pre-fabrication and 3D printing along with traditional sourcing methods. According to that same McKinsey report, procurement and supply chain management are still relatively cumbersome, mostly manual processes. 3D Printing and Procurement. It’s not exactly a new idea.

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Guide to Supply Chain Management in Construction 

Autodesk Construction Cloud

These integrations speed up admin and procurement tasks, saving time and lowering unnecessary costs. . Stratus is a construction procurement, manufacturing, and coordination platform. This, in turn, frees up cash flow and paves the way for a healthier bottom line. . Streamlined payments and billing processes.