Levelset
MARCH 21, 2022
Even though the insurance company isn’t your customer, the property owner may be depending on that insurance check to pay for your work. To cover these expenses, restoration contractors need to manage their cash flow to ensure they have enough money in the bank — especially when the insurance company is dragging their feet.
Construction Marketing
FEBRUARY 11, 2021
Insurance, liability, and workers’ compensation . Other costs: Insurance, taxes, advertising, vehicle maintenance, dumpster fees, and petrol. A separate bank account will make management easier, and it will help protect your personal assets. It also makes filing taxes more manageable. . 13) Business insurance.
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Levelset
FEBRUARY 3, 2023
Managing cash flow in the construction industry is difficult in any economy, but during a recession, specialty contractors face even more financial challenges than usual. One of the most significant challenges during that time was the lack of financing for commercial construction companies.
Construction Marketing
FEBRUARY 20, 2023
This means having the right mix of engineers, architects, surveyors and project managers that know how to handle your unique project. Effective Management Practices Running this business means managing all sorts of employees, projects, equipment and more. This ensures everyone is acting in accordance with company expectations.
Levelset
OCTOBER 19, 2022
When a property owner wants to finance the construction of a new building, they typically have to obtain two loans: one loan for the mortgage on the completed home, and another for the land purchase and construction expenditures. These risks should be a non-issue when contractors have a comprehensive risk management plan in place.
Autodesk Construction Cloud
FEBRUARY 5, 2022
How to Manage Risk in Your Construction Project. According to The Construction Industry Institute , there are about 107 construction risks you should consider when managing a project. Regardless, a solid risk management strategy is critical to the security of your company and project. What is Construction Risk Management?
Viewpoint Construction Technology
MAY 26, 2017
If time is tracked daily and made available to managers, you know in advance when overtime might occur, and can put in place systems to avoid it. With the right software, project managers have access to all project information at any time. Even insurance expenses can be reduced with the right integrated software platform.
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