Autodesk Construction Cloud
SEPTEMBER 13, 2022
As with every industry, everything ultimately boils down to the bottom line. Contractors are focused on executing efficiently and safety, while winning new business and staying profitable. . However, the industry is at a pressure point and unfortunately, the unexpected is one of the few things companies can expect.
Fieldwire
AUGUST 14, 2023
Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. The industry’s retainage practices throw another wrinkle into the process. Mechanics lien laws have specific deadlines that contractors must follow.
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Lets Build
APRIL 6, 2022
Retainage is a long-standing practice in the industry that can make life challenging for construction workers. For most construction companies, retainage payments make up most or all of their profit margin: Failing to collect their retained funds means losing money on the project. Retainage and mechanic’s liens.
Levelset
AUGUST 25, 2022
Retainage : It’s been a hot button topic in the construction industry for years. Given the slim profit margins on construction projects, retainage practices can be incredibly frustrating for contractors. Texas lien law: ‘Retainage’ or ‘reserved funds’? Lien for unpaid retainage.
Autodesk Construction Cloud
FEBRUARY 1, 2024
Paired with razor-thin profit margins, it’s increasingly difficult for construction firms to build and maintain the financial foundation necessary to compete and thrive in the industry. Industry research supports these sentiments. Known as Payapps in Australia, New Zealand, the U.K.,
Green Building Law Update
AUGUST 16, 2020
That fixture filing is in most states a lien or encumbrance against the system. The solar lease, as well as any power purchase agreement need to be considered in light of federal and state law (including tax laws) that stimulate new possibilities including create profit. Some of the companies engaged in this business (.
Contractor Bookkeeping
OCTOBER 4, 2013
There are a number of people who pass out advice on how to start a profitable construction company; however, very few have actually done it and fewer still had a clear understanding of where they were making or losing money and fewer yet have ever gotten past the point of owning a J.O.B. If You Know Exactly What To Do.
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