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Demystifying Purchase Order Financing for Specialty Contractors

Jobsite with Procore

Most specialty contractors would agree, on every project, the two most important budget items to manage with the utmost accuracy are labor and material.

Finance 52
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ESOPs as an Alternative Buyer for Construction Companies

Construction Business Owner

ESOPs as an Alternative Buyer for Construction Companies ccapoccia Thu, 04/13/2023 - 14:33 In an economic environment defined by ever-increasing interest rates, traditional market debt financing doesn’t provide liquidity to corporations as it did in the past.

Debt 156
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Invoicing Construction Clients The Fast And Easy Way

Contractor Bookkeeping

Your clients need invoices for their tax purposes and to manage their finances. Paper invoices require millions of trees and billions of gallons of water to produce, and they emit carbon dioxide (CO2), so going paperless can be a good thing for the environment. Creating invoices and receipts is vital to successfully running a business.

Finance 90
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Proven Reasons Why Contractors Lose More Money Doing Their Books

Contractor Bookkeeping

As a construction or trade contractor, you are highly skilled, intelligent, and adaptable. That is a given because you operate in a multi-faceted changing environment doing the impossible with limited time, money, and resources on every project. Moreover, soon as one is finished, another one is waiting for you.

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To Retain Construction Employees, Provide Career Paths

Viewpoint Construction Technology

In this busy construction market, contractors are always looking for ways to find more skilled workers to fill important roles on their teams. Contractors who do manage to find the workers they need also face another challenge: retaining those employees.

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Factors to Know About Crane and Rigging Insurance

Construction Marketing

Unfortunately, some contractors assume they have enough coverage for their construction jobs. Crane and rigging insurance is a safety net that protects contractors who use heavy machines , such as cranes, bulldozers, and excavators, for lifting and installations. They insure the crane against severe damage or total loss.

Insurance 173
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Modularity: The Bigger Picture

Autodesk Construction Cloud

Chamber of Commerce quarterly construction index, 62% of contractors are struggling to find skilled workers. According to the Bureau of Labor Statistics, of the 10,692,000 total workers in construction, a little less than 14% are female and that a large majority hold sales, finance, and administrative jobs. Getting it right on site.