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.
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...
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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...
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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,...
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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....
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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...
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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...
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Referrals are Important to the Growth of All Businesses
Word of mouth is one of the oldest, if not THE oldest form of advertising. In most cases, it’s also one of the most effective. It says something good about a business when a third party cares enough to recommend that business to family, friends or even their own...
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HIRE Vets Medallion Award Program
Some time back, we did a blog post on our CapitalPlus website where we talk about hiring the right people and how important it is to the overall success of your business. Building on the information in that post, we want to call your attention to a great source of...
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Keeping Up With Technology is Crucial for Your Business!
Technological advancements are the future and always will be. Today, more and more companies are looking into adopting them. Generally speaking, the construction industry has been the slowest to embrace technology. The industry never really invested in IT and...
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How Banks and CPAs Benefit from Factoring
I remember attending a Chamber of Commerce event in Westchester, New York last December. I was making my rounds, shaking hands and introducing myself to the room full of professionals in attendance. I came upon a group of three people and politely joined the open...
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Hire the Right Person and Train Well
Having worked in many businesses and with hundreds of clients over the years, if I had a dollar for every time someone said “people are our greatest asset” I would be retired in the islands somewhere. This term has become a cliché and, although the intent is...
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The Economy is Hot, So Why Won’t You Lend?
The economy is super-hot and so is the construction industry; so why is it so hard for a construction firm to get a traditional loan? Why Banks are Reluctant to Loan While there are many factors that contribute to the answer, none are more prevalent than the simple...
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