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.
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,...
Six Reasons for Cash Flow Problems
Almost every business has issues with cash flow from time to time, some much more often than others. Businesses like construction companies can find their cash flow greatly affected by the weather. Other businesses have their own particular type of kryptonite that...
Project Controls…Why You Need Them
All companies attempt to hire experienced personnel. This is especially true when hiring project superintendents, construction managers and project managers. After all, these folks are your eyes and ears on a job and in many situations, they “own the...
Five Fun Facts about the History of Invoice Factoring
Invoice factoring refers to the practice of funding the cash flow of a business by selling their invoices at a slight discount to a third party, known as the ‘factor’ or the ‘factoring company’. Factoring allows a business quick access to a continuous, steady level of...
The UCC – What It Is and What It Means to Lenders
The Uniform Commercial Code (UCC) was first published in 1952 and is a Uniform Act developed by the Uniform Law Commission (ULC). The ULC is a non-profit organization created in 1892 with the sole purpose of developing uniform legislation to create consistency...