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Restoration: How to Manage Cash Flow While Waiting for an Insurance Check

Levelset

Even though the insurance company isn’t your customer, the property owner may be depending on that insurance check to pay for your work. Meanwhile, you’re incurring expenses that drain your bank account, like purchasing materials and paying employees. 5 tips to manage cash flow on a restoration project.

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What is Project Loss Insurance?

Levelset

When a loss occurs, it can put a real crunch on a contractor’s cash flow. Project loss insurance has the potential to save contractors from devastating project losses, no matter the cause. Project loss insurance, or PLI, is designed to mitigate catastrophic construction project losses. Project loss insurance coverage.

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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.

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How Just-in-Time Land Deals Help Manage Cash Flow

Pro Builder

How Just-in-Time Land Deals Help Manage Cash Flow. The home building industry has historically benefited from advancements in building materials, technological innovation , long-term mortgage financing, and government support. Fri, 06/12/2020 - 05:00. Justin Onorato. . automakers, aviation companies, and other manufacturers.

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A Plumbing Contractor’s Guide to Insurance Coverage

Levelset

Plumbing contractors should include business insurance as an integral part of their financial strategy. With numerous policies available, the plumbing contractor’s insurance landscape offers many ways for you to protect your physical and financial business assets. What is plumber’s insurance? Worker injury.

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7 Things Contractors Need to Know About Retainage

Fieldwire

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. Retainage can cause a cash flow burden for contractors, especially subs at the bottom of the payment chain.

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The most important construction KPIs to improve profits and productivity

Lets Build

Investing in health and safety lowers the frequency of unexpected costs, like expensive insurance payments and lost time. Start tracking performance metrics like: Labour waste Revenue per hour Material waste Equipment downtime 4. Cash flow Cash isn’t king – cash flow is.