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Supply chain owed £3.8m after collapse of London builder

Construction Enquirer

Suppliers left holding unpaid invoices are unlikely to receive a penny for their debts. Management accounts to December 31 2021 showed a turnover of £17m generating a net profit of £177,000. Its civils arm MEC Groundworks also went into liquidation owing more than £100,000 to unsecured creditors.

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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

The following standard financial ratios can help risk management teams evaluate potential trade partners during the subcontractor qualification process. Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities . Formula: Current Assets / Liabilities . FINANCIAL RATIOS: DEBT

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Types of Capital for Construction Businesses

Levelset

Several different types of capital — working capital , debt capital , and equity capital — are common in the construction industry. Construction companies need to know the differences between the three types of capital and why each one is useful for managing and growing a business. Debt capital. Working capital.

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Precast cladding contractor goes into administration

Construction Enquirer

Interpath said the firm had been hit by “wider group cashflow pressures and cross guarantees” which “ultimately resulted in additional liabilities arising and no access to ongoing funding.” For more information and to benefit from the Enquirer discount click here.

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Digital Builder Podcast Ep 22: How Specialty Contractors Can Navigate Contracts & Get Paid On Time

Autodesk Construction Cloud

Today’s guest, Karalynn Cromeens , Owner & Managing Partner at The Cromeens Law Firm , joins the show to share the steps everyone can take to make contracts more straightforward and less contentious. The difference between secured and unsecured debts. Karalynn Cromeens, Owner & Managing Partner, The Cromeens Law Firm.

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Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. General Management. People Management. Equipment Management. It’s this kind of business management advice that separates CBO from other construction publications that solely evaluate and discuss equipment. Public Exposure and Liability on Construction Sites. construction management.

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4 Factors Underwriters Consider When Issuing a Construction Bond

Levelset

Whenever you need to get construction bonds to perform work on a proposed project, your priority is to show the surety company how you plan to manage the particular risks and minimize the downside. Next, subtract the sum of your accounts payable, short-term debts owed, and over-billings.

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