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4 Ways Materials Financing Can Help You Recession-Proof Your Business

Levelset

One of the most significant challenges during that time was the lack of financing for commercial construction companies. That’s why we’ve built Materials Financing to empower you to buy materials now and pay for them later with up to 120-day payment terms.

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Types of Capital for Construction Businesses

Levelset

The term capital is used across industries to represent all of a company’s financial assets, including cash, inventory, equipment, and more. Construction businesses may have equipment, materials, or technology that function as capital, too. . Learn more : How to calculate working capital in construction.

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To Retain Construction Employees, Provide Career Paths

Viewpoint Construction Technology

The cost of hiring and training new employees is significant, so if employees need to be replaced, that can hurt a company’s finances. Employers use many tactics to retain employees like higher wages and good benefits, but something else can entice workers to stick around for the long haul: a career.

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1 Year Later: The Effects of Coronavirus on Construction

Construction Junkie

Project Delays Survey respondents were asked what kinds of delays they were experiencing on their projects and the shortage of construction materials, equipment, and parts was the overall leader at 52%. 29% reported that they are not experiencing any shortages or delays currently.

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Modularity: The Bigger Picture

Autodesk Construction Cloud

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. Make sure there are locker rooms, lavatories, and PPE equipment for women. Incentivize subcontractors and supply chains for diversity.

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Vermont Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

FINANCING & GRANTS. Vermont Economic Development Authority (VEDA): Offers a suite of, low-interest loan programs that often fill the financing gap for a commercial startup or expansion project. Equipment, electricity and fuel for manufacturing are exempt from Vermont Sales and Use tax. Grants may also be available.

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A Cash Flow Guide for Architects

Levelset

If you don’t have enough cash available for your expenses, you may need to look at some short-term financing options. their hourly cost rate (including burden expenses like employer taxes and benefits). A cash flow projection covers three types of cash activities: operating activities, investing activities, and financing activities.