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How To Handle Construction Client Debt So You Get Paid On Time

Contractor Bookkeeping

Ideally, you want to reduce the chance of bad debts and pressure on your construction company's cash flow. When negotiating contracts with clients, try to set payment terms that help your cash flow, such as deposits or progress payments.

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$220B in IIJA funds announced so far

Construction Dive

Even as the White House detailed how money is rolling out, contractors and other groups are watching infrastructure act funding during negotiations over the debt ceiling.

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Subcontractors owed £4.6m after Howard Russell collapse

Construction Enquirer

It also detailed the level of debts with 208 unsecured creditors left holding unpaid invoices. FRP said suppliers would get some money back for their debts once the company’s assets were realised during a liquidation. Howard Russell worked across the UK as a design and build contractor for a wide range of sectors.

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ENR's 2023 Top 400 Contractors: Uncertainty Looms Over Market

ENR Construction

As economic uncertainty swirls around the Capitol Hill debt limit negotiations, some Top 400 contractors are worried about reaching the limit of their ability to keep projects profitable.

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Howard Russell Construction goes into administration

Construction Enquirer

In its forecast for this year Howard Russell was predicting a turnover of up to £80m based on a rising number of negotiated contracts. Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts.

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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. For most businesses, working capital will be front of mind, but debt capital and equity capital serve important purposes as well. Debt capital. 3 types of capital for construction. Working capital.

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

Autodesk Construction Cloud

The difference between secured and unsecured debts. For this reason, construction professionals must find better ways to craft and negotiate agreements. Karalynn also emphasizes the importance of negotiating who takes on certain risks and liabilities. We discuss: The current state of construction contracts.