article thumbnail

Service Agreements Can Improve Contractors Cash Flow And Profits

Contractor Bookkeeping

In the meantime, service agreement customers are a source of cash flow and are predetermined to call you instead of your competition when repairs are necessary. Keep The Service Agreement Cash Separate. One of the best parts is you have an immediate increase in cash flow. 5 Immediate increase in cash reserves.

article thumbnail

1 Year Later: The Effects of Coronavirus on Construction

Construction Junkie

Other respondents said that their delays are caused by labor shortages, potentially infected people visiting the jobsite, shortage of PPE, and difficulty obtaining financing to cover cash flow. 90% of respondents cited backlogs or shutdowns at domestic factories, mills, and fabricators as the reason for delays.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Has Covid Affected the Construction Industry?

Lets Build

Supply chain costs have also spiked, resulting in a trend for paying smaller subcontractors early to maintain their cash flow. Some sectors were completely prohibited (air travel, personal services), with others still to recover (retail, hospitality). Read more: Five benefits of inspection reporting software.

article thumbnail

A position is vacant for Quantity Surveyor / Estimator

Construction Cost Estimating

Objective of the job: • The candidate has to price all the submitted tenders which should contain the following: • Rate all project costs along with P&Gs, project cash flows, project programmes. • Eagerness to travel. Duties and liabilities: • Costings and budgets formation for the allotted projects.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Luckily, my colleague and I only had to travel two and a half hours to the Atlanta area to meet with leading construction manufacturers from China, Japan and South Korea. Last week I unplugged my laptop, set aside my to-do list, and spent some time with equipment manufacturers who supply CBO’s readers. February 2009. January 2009.

article thumbnail

Subtle (and Not So Subtle) Effects of COVID-19 on the Construction Industry

Constructlaw

Video conferences eliminate travel time and permit people to participate who would normally not be able to meet in person, due to distance or other commitments. For public contractors, as the current backlog of work is burned off, the scarcity of future work can significantly strain cash flow and possibly the viability of the company.

article thumbnail

Your Construction Company After The 2012 Presidential Election

Contractor Bookkeeping

Do you own a company that generates cash flow which you are using or can use to invest wisely into income producing assets such as real estate, stocks, bonds, parking lots, storage units, or some other business? We respect all construction workers and I have been on the business end of a shovel many times!