CapitalPlus Construction Services Working Capital and Back Office Services Blog
Stay informed with valuable information on construction factoring, small business finances, risk management, lien compliance and contract compliance.
Dog Days of Summer – Signs of Heat Exhaustion on the Construction Site
In some areas of the country, July, August and even September can be very hot months. Construction workers are often susceptible to these extreme temperatures and can suffer a heat stroke, also called a sunstroke, if signs and symptoms go unnoticed or are not properly...
Never Underestimate the Power of Persistence!
Never underestimate the power of persistence! My office orchid stopped blooming in February, but I kept nurturing it. When I came into the office this Monday, I was thrilled to see it blooming again! Lesson learned: never give up, whether it’s an orchid or a business...
CapitalPlus Construction Services To Exhibit during Build Expo USA/Houston
CapitalPlus Construction Services, a leading provider of accounts receivable financing for the construction industry, announced that the company would be exhibiting at the Build Expo USA in Houston, August 14-15. Build Expo USA has been rated the #1 trade show for...
Factoring is a Good Solution…But Know What You’re Buying and Look for Hidden Fees
At some point, all business owners suffer from growing pains resulting in a cash flow shortage. Additionally, every company has clients who pay slower than the agreed-upon payment terms. This often results in vendors or suppliers breathing down your neck for payment....
5 Tips for Managing Cost on a Construction Project
Many factors can throw construction projects over budget. In order to avoid costly overages and wasted resources, it’s important to have detailed and accurate cost estimates and effective communication with all the parties involved. Realistic Costs At the start of a...
Congratulations to @Curt Powell on his promotion to Director of Sales effective July 1
FOR IMMEDIATE RELEASE CapitalPlus Construction Services Promotes Curt Powell to Director of SalesKnoxville, TN- June 25, 2019 - CapitalPlus Construction Services, a leading provider of accounts receivable financing for the construction industry, recently announced the...
To Bid or Not to Bid – That is the Question!
Companies need to win tenders to survive in the construction industry. However, the decision to bid or not to bid on a project should be made very carefully. As a general contractor, or owner of the construction business, you’re responsible for choosing the projects...
The History and Importance of the Mechanic’s Lien to Construction Companies
Most folks give credit to the creation of the modern Mechanic’s Lien to one of our forefathers, Thomas Jefferson, who introduced the first legislation in the US. However, it’s unlikely he came up with the original idea, as similar legislation already existed across...
Who Makes a Good Referral Partner?
The short answer is anyone! Do you work with or come across construction clients who are struggling with cash flow needs? If you answered yes, you could benefit from partnering with CapitalPlus Construction Services. We're an experienced factoring company,...
Change Orders – Why They’re So Important
Bidding construction jobs can be a bit like guessing how many gumballs are in a jar! You cannot know what you cannot see. Therefore, the validity of your bid is subject to a solid scope or statement of work (SOW) and in some cases detailed bid specifications....
Should You Buy, Rent or Lease Your Construction Equipment?
Let’s face it…construction equipment is costly. One of the major decisions construction company owners have to make is whether or not they should purchase, rent or lease their equipment. Like most decisions, there are pros and cons to both sides. Let’s look at a few...
Hiring and Firing – Rules of Thumb
Do you remember the old slogan by Ford Motor Company? Quality is Job #1. While that’s a catchy phrase for sure; I beg to disagree. While manufacturing is greatly automated, you still have the human element at all levels of the organization, from the leadership at...