Construction Law

MAY 2, 2024

Doug Wass of Macfarlanes argues that the Construction Act has been working in so far as industry cash flow has been improved, but the principle that a payor must pay the payee the Notified Sum if the payor fails to issue a valid payment notice or pay less notice has given rise to some risks of injustice that the courts are still grappling with.

Cash Flow 52

Cash Flow Risk Industrial Construction 52

Lets Build

APRIL 6, 2022

Almost every construction professional faces the same problem – cash flow. Large upfront costs and long waiting periods between payments are a normal occurrence; retainage adds to this cash flow problem for contractors and project managers. However, even though retainage is commonplace, it’s not always used fairly.

Cash Flow 147

Cash Flow Lien Construction Negotiation 147

Autodesk Construction Cloud

FEBRUARY 1, 2024

Despite this, both general contractors and subcontractors struggle with the complexities of the payment process and face significant cash flow obstacles. Time and time again, I hear about contractors’ frustrations and struggles with late payments and cash flow and how it negatively impacts their businesses.

Autodesk 87

Autodesk Cash Flow Construction Risk 87

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. At Levelset, we understand the construction industry and the importance of cash flow security for specialty contractors.

Finance 52

Finance Cash Flow Materials Security 52

Construction Business Owner

JUNE 15, 2016

The current accelerating growth of the industry since the economic downturn makes cash more important than ever. The risk associated with growth is real, and your sustainable growth rate is directly related to the health of your company's cash flows.

Cash Flow 120

Cash Flow Contract Management Accounting 120

Safety Services Company

FEBRUARY 19, 2020

IS YOUR BUSINESS EFFECTIVELY PRIORITIZING CONSTRUCTION RISK MANAGEMENT? Truth be told, every industry involves risk. Whether the project involves a multi-million-dollar office building or a three-story apartment complex, there are several risks that need to be considered in order to ensure the success of any construction project.

Risk 62

Risk Management Construction Safety 62

Safety Services Company

FEBRUARY 18, 2020

How Well Does Your Business Prioritize Construction Risk Management? Truth be told, every industry involves risk. Whether the project involves a multi-million-dollar office building or a three-story apartment complex, there are several risks that need to be considered in order to ensure the success of any construction project.

Risk 62

Risk Management Construction Safety 62

Construction Enquirer

JULY 19, 2023

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 Davies said: “The group has delivered another year of strong operational and cash performance. reported in the prior year. ”

Debt 47

Debt Cash Flow Profitability Forecasting 47

Fieldwire

AUGUST 14, 2023

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.

Contractors 98

Contractors Cash Flow Lien Negotiation 98

Levelset

MARCH 11, 2022

Low Bidding Impacts Contractor Cash Flow. If you compete from the low bid mindset, whether imposed or because you think it will win you more business, you take on an unnecessarily large amount of risk. That disrupts your project’s, and your organization’s, cash flow. Cash flow shortages impact performance.

Bidding 98

Bidding Cash Flow Contractors Procurement 98

Pro Builder

MAY 6, 2022

A 2021 Construction Cash Flow and Payment Report by risk management software Levelset revealed that 79% of construction companies that accept electronic payments get paid faster, and automated payments for trade partners can also speed along transactions to keep projects on schedule. .

Contractors 97

Contractors Cash Flow Software Software 97

Lets Build

DECEMBER 2, 2022

From a builder’s perspective, many potential risk factors can be anticipated and pre-emptively resolved by developing a construction quality management plan. A game of risk. Risk assessments are never glamorous, but they’re essential throughout the lifespan of any project.

Management 156

Management Construction Risk Cash Flow 156

Pro Builder

NOVEMBER 21, 2022

Home builders are weighing the risks of taking on new construction projects in a market slowdown, and while some are pressing the brakes and slowing their production rates, others are forging ahead and waiting for rates to fall next year, John Burns Real Estate Consulting reports.

Industrial 98

Industrial Cash Flow Debt Materials 98

Levelset

MAY 4, 2022

Levelset’s recent 2022 Cash Flow & Payment Report revealed some key differences between large, successful contractors and smaller construction businesses. However, smaller construction businesses are much less likely to prequalify their customers than larger businesses — and that could increase the risk of slow payment.

Lien 98

Lien Contractors Cash Flow Construction 98

Construction Law

MAY 2, 2024

News Our regular news round up includes a survey saying collaboration is on the rise; Network Rail promises a partnering approach in its new framework; and a warning that carbon reduction policy risks legal challenge. Legal terms explained Isabella Salame of Herbert Smith Freehills LLP explains what is meant by non-delegable duties.

Construction 52

Construction Legal Cash Flow Insurance 52

Viewpoint Construction Technology

FEBRUARY 12, 2019

Forecasting and Cash Flow Reports. revenue, risk and cash flow forecasting) and enable you to assess historical project performance. These basic reports are critical to business profit and loss, and if your system can’t seamlessly pull them all in a flash it’s time to take a look at what else is out there.

Cash Flow 130

Cash Flow Software Software Accounting 130

Levelset

JULY 25, 2022

Debt capital can be vital for managing cash flow in construction. Debt payments spread out the cost of a large purchase over time, enabling a construction company to continue to take on new jobs and bring in revenue to tackle the debt while still maintaining enough cash to pay operating costs and grow. .

Debt 97

Debt Cash Flow Equity Finance 97

Autodesk Construction Cloud

JUNE 8, 2023

Because preconstruction offers the biggest opportunity to de-risk a project. This, in turn, leads to improved accuracy in project estimates , proactive risk management, and more effective resource allocation. Doing so enables you to eliminate potential change orders and pay applications, ultimately leading to better cash flow.

Profitability 98

Profitability Bidding Estimating Risk 98

BD+C

OCTOBER 26, 2017

Otherwise, you risk hurting your cash flow and your firm. Here are 5 ways to avoid a cash crunch by doing your part to help clients make their payments on time. . If late payments become a regular occurrence, however, you should take action. Pre-qualify your clients.

Cash Flow 67

Cash Flow Risk 67

Contractor Bookkeeping

MARCH 7, 2013

It is in their blood to take risks, work hard, play hard, get into the mud, the blood and the beer (in my case substitute beer for Dr. Pepper), take a few punches, get up, punch back and press on until victory is achieved. And starting from scratch is much harder than turning an existing company around.

Cash Flow 49

Cash Flow Contractors Banking Accounting 49

Levelset

AUGUST 5, 2022

It can be scary just to think about the amount of work and the risks involved. Pay close attention to cash flow. Architects live or die by their ability to manage cash flow — it’s the primary reason why businesses in the construction industry fail. Learn more: An architect’s guide to cash flow.

Architecture 52

Architecture Cash Flow Income Lien 52

Levelset

AUGUST 16, 2022

However, larger projects come with greater risks and additional challenges. Large, multi-year projects are also more likely to face risks from potential economic changes, supply chain issues, and other unforeseen pressures that can threaten them. It is also helpful to provide the surety with a cash flow projection for the project.

Risk 52

Risk Cash Flow Construction Banking 52

Levelset

JUNE 3, 2022

When a loss occurs, it can put a real crunch on a contractor’s cash flow. It also helps contractors manage cash flow during a loss. Once the policy has been purchased, the insurance company helps the contractor mitigate risks by improving their processes. Project loss insurance coverage.

Insurance 52

Insurance Cash Flow Claims Contractors 52

Green Industry Professionals

SEPTEMBER 26, 2016

The most successful snow companies have a well-balanced business model that controls risk, smooths out cash flow, and allows them to remain top-of-mind service providers in their specific niche.

Cash Flow 40

Cash Flow Plans Modeling Risk 40

Construction Business Owner

APRIL 2, 2020

Implementing an automated accounts payable solution can help increase productivity, decrease risk, and provide better visibility into cash flow. Construction companies like you can gain efficiencies by implementing strategic technology offerings.

Virgin Islands 289

Virgin Islands Puerto Rico Samoa Rhode Island 289

Pro Builder

JUNE 6, 2022

Unprepared home builders experiencing rapid growth run the risk of squandering opportunities during the best decade in housing’s history. The result: builders operating in crisis mode and running the risk of stall-out and failure. When you’re out of cash, you’re out of business. b) Allows for cash flow forecasting.

Management 52

Management Cash Flow Profitability Schedule 52

Autodesk Construction Cloud

JANUARY 19, 2022

Cash flow can make or break any business, especially in the construction industry. To successfully grow, construction firms need to effectively manage cash flow to procure materials, pay vendors and salaries, fund new projects, and finance other day-to-day business operations. Choose projects with profitable estimates.

Cash Flow 59

Cash Flow Management Profitability Change Orders 59

Viewpoint Construction Technology

OCTOBER 23, 2018

And true data analytics is more than just tracking traditional job costs and cash flow. Reducing Risk and Increasing Safety. But going a step further and analyzing data that can help you identify high-risk tasks and dangerous conditions can help prevent future incidents and reduce risk for your business.

Construction 241

Construction Software Software Cash Flow 241

Pro Builder

JANUARY 5, 2022

Buy-to-rent investment purchases could pose a substantial risk to the housing market, particularly with dwindling supply. The buyers of the security are counting on the cash flow from renting those 3,836 homes. Investor Purchases of Single-Family Homes Threaten an Overcrowded Market. Wed, 01/05/2022 - 10:27. Build to Rent.

Cash Flow 52

Cash Flow Finance Security Income 52

cnstrctr

JULY 1, 2019

The second reason is for cash flow. These reports should summarize the overall budget, potential change orders, cash flow, risks and more. Risk – this is one of our favourite parts. Identify any major risk items that are out on the project right now.

Cash Flow 60

Cash Flow Forecasting Construction Contract 60

Lets Build

JULY 8, 2022

Some companies have introduced limits on the number of staff in defined areas, while the increasing adoption of RPE (rate of perceived exertion) also helps to mitigate risks. We recommend a post-COVID risk assessment on IT systems, probing for weaknesses. There’s been greater adoption of flexible work schedules.

Industrial 148

Industrial Construction Cash Flow Retail 148

Viewpoint Construction Technology

FEBRUARY 7, 2019

Each project carries a significant amount of risk including countless safety issues, stringent regulations or contractual obligations, weather delays, lack of qualified labor, subcontractor performance and inconsistent cash flows, just to name a few. There has to be a better way!

Contractors 204

Contractors Cash Flow Construction Management 204

ProcurementExpress.com

NOVEMBER 30, 2016

Do you know if any of your projects are at risk? A huge topic of discussion in the Construction Industry consistently, is the scope of financial risk on a construction project. Why do these financial risks take place. How to reduce your projects risk. An inexperienced project team. Improper planning.

Risk 52

Risk Construction Plans Structural Engineering 52

Wolgast Corporation

APRIL 24, 2023

He can close the doors, walk away, and lay off his staff of 25, he can sell the business and the building to an interested party and use the money to supplement his retirement savings, or he can find someone who wants to buy the business and then lease the building to him or her, keeping rental income for continual cash flow.

Remodeling 62

Remodeling Cash Flow Leases Renovating 62

Construction Marketing

SEPTEMBER 24, 2015

Your business plan should also identify potential risks that could result in cash flow problems. 25% of small trade businesses say they would go bankrupt if they were faced with an unexpected expense so if your business is going to succeed, it’s important that you review these risks on a regular basis. Legal Documents.

Documentation 120

Documentation Insurance Legal Liability 120

Levelset

MAY 2, 2022

Contractors trying to grow their business and take on larger projects often struggle to manage their cash flow to purchase the materials they need. Many contractors use trade credit to delay paying for materials and keep more cash in their pockets. These references give suppliers a historical context to assess their risk.

Negotiation 52

Negotiation Materials Cash Flow Finance 52

Autodesk Construction Cloud

FEBRUARY 25, 2022

For another, work delays from 2021 are likely to impact the risk of subcontractor default in 2022 and beyond. . The following standard financial ratios can help risk management teams evaluate potential trade partners during the subcontractor qualification process. Underbillings to WC . Request a demo today. .

Safety 94

Safety Debt Liability Equity 94