Category: Blog
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How Material Financing Can Prepare Your Company For 2023’s Uncertain ForecastIn our last blog, we discussed the impacts of a broken supply chain; a lack of labor, both in quality and quantity; and inflation in the construction industry. We stated that the crystal ball for 2023 was already extremely fuzzy; however, the forecast for the future may be even more unpredictable than originally thought, given...
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The Construction Industry - Post PandemicThe last three years have been a crazy ride for all of us, especially in the construction industry. The journey began with the onset of the pandemic in which the national, if not global, response to the virus was to shut everything down that was not considered “essential.” And if the industry did not shut...
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Tips for Summer Safety on the Construction SiteMore on-the-job construction injuries occur in summer than in any other season. August is a particularly bad month for workplace injuries in construction. You can reduce your chances of you or your team suffering an injury while on the job site by following a few key construction summer safety tips. Summertime Heat Hazards Fatigue Fatigue...
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Top Must-Have Apps for Construction ContractorsIf you want to win bids and build more authority with your clients through well-managed projects, you need to download these apps for construction contractors. They are designed to help companies like yours compete in an ever-increasingly digital landscape. From time management, to budgeting, to invoices and beyond, these apps will help you do better...
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Working Capital for Construction Companies: Three Challenges and SolutionsEnsuring sufficient working capital for your construction company can be tricky. As a business owner, you know there are multiple challenges you may face on a regular basis that threaten the financial health of your company. Some of these challenges are unavoidable. Some, however, can be greatly mitigated with better systems, policies, and procedures. If...
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Is Invoice Factoring Right for Your Construction Company?Construction companies with cash flow problems find that factoring invoices is a way to continue to grow their business, even with late-paying clients. There are many advantages to invoice factoring for construction companies, but there can be a few disadvantages as well. Read on to learn about the various pros and cons of factoring to discover...
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How Spot Factoring Can Solve Construction Company Cash Flow ProblemsSpot factoring may be just what you need if you’re experiencing a sluggish cash flow. Cash flow problems pose a serious threat to the health and continued growth of your construction company. Without a steady stream of cash coming in, it’s harder to invest in new or larger projects, continue to pay down debt, or...
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Construction Industry Trends To Watch For In 2021COVID-19 has changed the construction industry forever. Scheduling, hiring, the types of projects investors choose to fund, and safety protocols while on and off site have all been affected. Yet, all these changes do not immediately spell out trouble for the industry. In fact, they can lay the foundation for positive growth, if companies are...