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Assuredness in Today’s Global Surety Market

Construction Business Owner

In 2020, there was some tightening of surety credit for certain sectors, but generally speaking, the premier contractors had no issues securing bonds and that trend is expected to continue and the surety and finance industry is forecasted to be robust for the remainder of 2021 and into 2022.

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Improve Cash Flow Forecasting with Autodesk Construction Cloud

Autodesk Construction Cloud

Without being able to accurately forecast cash flow, making important decisions about the future of your firm or projects is a risky venture at best. The challenge with forecasting is that it’s often a time-consuming process making sense of scattered data , various spreadsheets, and multiple disconnected processes or systems.

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Winvic profit falls a third after losses on two jobs

Construction Enquirer

Shed and multi-room building contractor Winvic saw pre-tax profits fall for the first time after two jobs secured before the pandemic ran into loss. Managing director Simon Girardier forecast that revenue would slip back next year to £950m as the economy slowed. Pre-tax profit nosedived a third to £10.5m

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Autodesk and AWS are Helping Construction Firms Gain Useful Insights from Their Data 

Autodesk Construction Cloud

In addition, AWS AI and Machine Learning services such as Amazon Rekognition and Amazon Forecast can be implemented on the data stored in Amazon S3 and Redshift to better analyze and forecast construction performance. This customizable integration enables you to access powerful tools for storing, organizing, and securing your data.

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Mortgage Rates Expected to Rise Into the New Year

Pro Builder

Forecasters anticipate an upward trend for mortgages in the final weeks of 2021. Mortgage rates will likely rise throughout December with a steep increase at the end of the month as bond traders sell their mortgage-backed securities before Christmas, reports NerdWallet. Mortgage Rates Expected to Rise Into the New Year.

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Fire safety provisions push Durkan to £9.3m loss

Construction Enquirer

Group turnover of £132m (2021:£137.5m) fell short of initial forecasts for the year with delays to project start dates due to cost inflation pressures and programme movements. The strategy has not adversely impacted orders so far with work secured or at bidder stage totalling £385m.

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What Every Contractor Needs To Know About Successful Construction Companies

Contractor Bookkeeping

However, they may also face challenges such as limited resource access, difficulty securing financing, and increased competition from larger firms. Due to their size, they are often more flexible and able to adapt to market or project scope changes. Over the years, we have had many successful construction clients.