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.
Just Starting Out in Construction – Tips for Success
People are at their best when they are in an interview, in the pews or the first few days on a job. First impressions are just that, and they linger if not remain forever. Right or wrong, people will gage you or size you up for some time based on this impression. In...
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Why Construction Contractors Fail and 5 Things to Help You Succeed
Businesses fail every day, especially construction firms. Statistics indicate that 50% of all small companies fail within five years. This is much worse in the construction industry where roughly 64% never see year five. The ingredients to failure are too many to call...
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Smart Buildings
Smart buildings are the future of construction. Instead of being an individual set of four walls and a ceiling, people are starting to consider how they are connected to other structures around them on the power grid. Not only are these sites smarter, but they’re more...
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Spot Factoring vs Contract Factoring
What is best for your company? Growth takes positive cash flow, and over the past few decades it has become harder and harder to access a business loan or line of credit from the bank. Factoring your invoices may be the best solution to help your company grow. When...
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What is Factoring?
What is Factoring? Are your customers taking 30, 45, 60 plus days to pay? Are you having to turn down new projects due to your slow paying customers? If so, invoice factoring may be your answer! When your company is the process of growing but cannot obtain a line of...
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Predictive Analytics in Construction
In today's day and age, data is becoming more and more important in almost every industry. In construction, even the smallest slip-up or miscalculation can lead to millions of dollars lost or not finishing a project on time. Using new and advanced data analysis, such...
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Wearable Technology in Construction
As the rest of the world moves forward into the information technology age, so does the construction industry. More specifically, wearable technology is becoming more and more prevalent on the job site. These products do everything from assist you in keeping your crew...
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Benefits of Receivables Financing
Managing the finances of a new firm can be difficult, especially when you have invoices with net 30, net 60 days. How are you supposed to keep up with pay roll or start a new job if you haven't been paid for the last one? This is how the big companies stay big, they...
read moreNot All Growth is Good
After 35 years in the engineering and construction business sector, I have come to learn that not all growth is good. In my early years I was taught from my many mentors and frankly indoctrinated to believe that in business, you were either growing or...
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6 Things Every Construction Company and Subcontractor Needs to Know About Their Lien Rights
Whenever you start a new construction project you always run the risk that you won’t be paid for the services you are providing or the materials you are purchasing for that job. In the event that you are not paid, you may consider placing a...
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6 Construction Fun Facts You Can’t Live Without
Construction is much more than the assembly of buildings and infrastructure. It is how we shape the world around us, but the process, technique, and scale have all changed drastically from the centuries before us. The construction industry both drives the...
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Getting Access To Capital for Bonded Work
Imagine this: your firm just landed its biggest contract; everyone is ready to get out there and begin working, you just need to secure working capital to help you cover the additional payroll and material expenses. Then you find out that a...
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