article thumbnail

Biden Announces New Plan to Help Homeowners Save on Mortgage Costs

Pro Builder

The program is set to begin on March 20, and will help an estimated 850,000 U.S. households save an average of $800 in the year ahead, the White House claims. Read more Government + Policy Housing Policy + Finance Financing Government + Policy percentage points to 0.55% for FHA-insured mortgages.

Plans 52
article thumbnail

Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

Extracting key ratios from financial statements and safety metrics from OSHA filings allows builders to gauge a subcontractor’s short-term and long-term health — and empower estimators with the data they need to make more informed bidding decisions. . It can be used to determine the proportion of a company’s assets that are financed by debt.

Safety 94
professionals

Sign Up for our Newsletter

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

article thumbnail

Prevailing Wages in Minnesota: What Contractors Should Know

Levelset

Options like materials financing and mobilization financing can help contractors delay some of the early project costs, giving them more ready cash to pay their workers. Additionally, you can’t just build prevailing wages into your estimates and bids: Public projects are notorious for long payment delays. Learn more.

article thumbnail

Common Types of Construction Contracts And Their Use

cnstrctr

The different types of construction projects include: Lump Sum Construction Management (Cost Plus / Guaranteed Maximum Price) Design Build Design Build Finance Maintain. Design Risk – if the contract documents aren’t perfect there’s an opportunity for the contractor to claim extras.

article thumbnail

Monitoring Your Financial Position to Succeed in the Construction Industry

Viewpoint Construction Technology

Over the course of a project, cost increases that may seem marginal at the time, end up having flow on effects, or adding up with other overheads resulting in total project expenditure which is far from the amount originally estimated. Sometimes this erodes profit, but in some scenarios, it can mean losses or even worse.

article thumbnail

Prevailing Wages in Pennsylvania: What Contractors Need to Know

Levelset

Additionally, building prevailing wages into your estimates and bids isn’t enough. One solution is material financing. Material financing allows contractors to use another company’s money to purchase building materials, with repayment terms that stretch up to 120 days. Public projects are notorious for long payment delays.

article thumbnail

High speed vanity?

Construction Law

But the signs for private finance in any form are not good. The north of England seems to have a solid case to back claims that it has been neglected, especially in transport investment. The original budget estimate seems to have been plucked from a hat; how else to explain a more recent estimate of over £100 Billion?