Levelset
MARCH 21, 2022
Poor cash flow management is the number one reason why construction businesses fail. A cash flow statement is an analysis of incoming and outgoing cash for a certain time period (usually one month). Each project you work on has expenses that need to be paid and income that will be received. Protect your lien rights.
Lets Build
JULY 11, 2017
There isn’t a topic that doesn’t have its own podcast and that includes the construction industry. Let’s be honest, listening to podcasts on construction sites can prove difficult. So without further a due, here are in our opinion, the 40 best construction industry podcasts we have handpicked for you: 1. The ConTechTrio Podcast.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
NH Construction Law
OCTOBER 22, 2023
It happens this way: A contractor or subcontractor borrows money from a lender, and as security for the loan it gives the lender an assignment of or lien on its receivables and contract rights. Suffolk Construction Co. , Otherwise all construction contracts would have such a clause, thwarting the lender’s statutory rights.
Levelset
APRIL 5, 2022
Most construction businesses focus on their profit margins — making sure that revenue exceeds costs for each job. Cash flow is the number one reason why construction companies go out of business. There are several reasons a contractor may run out of cash on a construction project: Slow payments. Why contractors run out of cash.
Levelset
MAY 2, 2022
Sending updated construction financial statements is a good way to let the supplier know that you want to increase your limit. A standard financial statement package includes four reports: Balance sheet Income statement Cash flow statement Work in progress (WIP) report. Provide a plan. Get more trade preferences.
Levelset
JUNE 6, 2022
Construction projects rely on contractors completing the work they started and meeting the design intent. The rate of retention is stipulated in the construction contract and can often be negotiated. Debit Credit Income $100,000 Accounts receivable $90,000 Retention receivable $10,000. According to Steven J.
Contractor Bookkeeping
JANUARY 2, 2015
We Are QuickBooks Experts Specializing In Construction. Did You Quit Your Job - And start your own construction company only to discover you need a contractor’s license and bond. Did You Ask A Friend Or Relative - To loan you some start-up capital and they agreed on condition you become equal partners in your construction company.
Expert insights. Personalized for you.
98 
Let's personalize your content