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Transforming Construction Payments: Autodesk's Strategic Move with Payapps Acquisition 

Autodesk Construction Cloud

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. Faster payment cycles are essential for GCs and subcontractors alike to stay profitable in today’s fast-paced and evolving economic environment.

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4 Factors Underwriters Consider When Issuing a Construction Bond

Levelset

Some contractors watch as their gross profit margins decrease when they take on larger jobs. The surety is also likely to explore a contractor’s payment history on past projects — an inability to make on-time payments to subcontractors and suppliers can increase the risk of mechanics liens or bond claims. . Ability to absorb losses.

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40 Best Construction Podcasts in 2022

Levelset

In each episode, he presents practical tips for leadership, planning, and business development. Profit Tool Belt. Contractors who want to learn more about how to market themselves, build their customer base, and get paid should turn no further than Profit Tool Belt. The Lien Zone. Episode runtime : 20+ minutes.

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Maryland Enacts New Environmental Laws in 2020

Green Building Law Update

The Governor has until the 30th day after presentment to sign or veto bills and given the impact of the coronavirus pandemic any legislation that requires new State spending will no doubt receive heightened scrutiny. Surprising few of those bills that passed involved environmental matters.

Maryland 156
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Maryland Enacts New Environmental Laws in 2020

Green Building Law Update

The Governor has until the 30th day after presentment to sign or veto bills. Savvy players in the environmental industrial complex will find business opportunities to lead and profit in environmental matters, including opportunities advantaged by these newly enacted laws.

Maryland 156
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Contracts: What to Look Out for

Help Everybody Everyday

Principals of both Subcontractors and Suppliers should review this checklist when reviewing contracts presented to them by “upstream” companies on the project. For example a Subcontractor should look out for these red flags when reviewing a contract presented by the owner of the project or its representative. Deal Breakers.

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7 Steps to Successful Project Closeout

Autodesk Construction Cloud

The final days of a project have a huge impact on your overall profitability and success—as the saying goes, projects are remembered not by how they start but how they finish. Conflicts, claims, and disputes can slow your progress and eat up your profits; as soon as a change order becomes a claim, it becomes more difficult to resolve.