Construction Cash Flow : Our blog.
Get valuable information on construction factoring, small business finances, risk management, lien compliance, contract compliance and issues impacting the construction industry.
What Every Successful Contractor Should Know About Green Sustainable Construction
Are you prepared for the coming increase of sustainable construction projects? Demolition and construction create over 530 million tons of landfill waste each year. To put it in perspective, that’s double the amount produced from municipal solid waste. According to...
Duty to Proceed Clause – Do You Know the Implications?
During my last 12 years working for a global Engineering and Construction (E&C) business, I had the duty of managing contracts and contract risk as a P&L owner and business manager. In the group I managed, a large portion of the work was with the Federal...
Should You Hire a Bookkeeper, Controller or CFO?
Odds are, when you began your construction company, you either took on the role of accountant, or hired a friend or family member to be your bookkeeper. You may have tried to run your financial operations solo for years, but now you see that you can no longer operate...
What Do Banks Want When Considering Construction Contractor Loans?
When unpaid invoices leave your construction company in a cash flow quandary, where do you turn to get the money you need to invest in your next project or pay off business expenses? For many contractors, the immediate answer is to seek out a bank loan. This is...
Hire a Marketing Firm That Knows Your Business Sector
In today’s business world, if you’re not online, do you even exist? How can anyone find you? You’re practically invisible. It’s not enough to put up a website and wait for potential clients or customers to discover it. Marketing is what helps potential clients and...
Payables Financing- Using YOUR Money to Fund THEIR Project
How much do you really know about payables financing? Back in the good ole days, if you were a construction contractor, you could do work on a handshake and payment was due upon receipt of the invoice. You could expect payment within a few days. As time progressed,...
How Construction Technology is Impacting the Industry
Most forward-thinking construction companies are embracing construction technology, and it's revolutionizing the performance of construction crews today. These innovations, when properly implemented, help make the construction industry safer, more efficient and...
Alternative Funding for Construction Firms
Construction companies in the US have been dealing with funding challenges since long before we ever heard of the virus known as CoVid-19. The virus has exacerbated those challenges, but funding is still available for construction firms struggling with cash flow...
Contractors Beware: Know your customers’ credit history
How well do you know your customers and their creditworthiness? Have you really read your contract and understand all the terms and conditions? When you hear the word creditor you likely think of banks and credit card companies. But your firm is a creditor too. Unless...
Delayed and Postponed Construction Jobs
Is the coronavirus pandemic a valid reason to delay or postpone a job? Maybe or maybe not. The answers are in the terms and conditions (T&C) in your contract. One such T&C is the force majeure clause, French for superior force or in many circles, Act of God....
You got this: COVID-19 Calls for Strength, Resilience
Construction professionals are a strong group and most owners of construction companies have seen hard times. 2008, 2009 and many years that followed were tough years; some companies did not survive through the Great Recession. It seems nearly every aspect of...
Shutdowns & Shortages: Strategies for tough times
In the surreal economic experience that COVID-19 has forced upon the economy, we’re thinking of you, our fellow construction industry professionals. Companies are struggling to keep their employees, keep up health benefits, pay the rent and so much more. For sure,...