article thumbnail

Service Agreements Can Improve Contractors Cash Flow And Profits

Contractor Bookkeeping

Why Sell Service Agreements? Service agreement holders are more likely to be clients that add more value to your construction company because they represent the most loyal segment of your customer base. Every service agreement customer represents a future work. Every service agreement customer represents a future work.

article thumbnail

Do Pawn Shops Take Steel-Toe Boots?

Work Gearz

There is simply an agreement between you and the pawnbroker in most places. But there are a few pawn shops that do get an official agreement signed by both parties, hence, you have to be cautious. Debt cycle. This will put you in a vicious debt cycle. Not much value. You will not get the best value for your items.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

#67:  Paying Your Subcontractor's Employees

NH Construction Law

The main advantage of such “trust fund” provisions is in bankruptcy; trust funds are not considered assets of the subcontractor/debtor that can be distributed to general creditors. At the first hint of trouble the GC should demand to see them -- and if they aren’t in order, it can withhold payment to the sub.

article thumbnail

The experts have spoken: We can and should be optimistic despite COVID-19

Lets Build

That point expressed by Dr Jan Mischke, Partner at McKinsey Global Institute, was one of the main conclusions of the virtual Town Hall on how the Coronavirus outbreak will shape the future of the construction industry. The unprecedented impact of COVID-19 on construction. Source: McKinsey & Company. Increase in offsite construction.

article thumbnail

Recent Downturn in Architecture Firm Billings Accelerates

PSMJ Resources

skip to main | skip to sidebar. With the fluctuating economy and the recent downgrade of the country’s debt, it remains unclear what the future will hold for the design industry. . Businesses seem to be paying down debt and not risking investment in new ventures. XL Insurance Enters Collaborative Agreement With P.

article thumbnail

PSMJ Resources Inc. Survey Finds that Overall Economy Continues to

PSMJ Resources

skip to main | skip to sidebar. “With unemployment rates creeping back up and concerns about the United States’ debt burden, there is reason for concern at the most macro level. XL Insurance Enters Collaborative Agreement With P. Friday, August 12, 2011. PSMJ Resources Inc. It is no secret that the overall U.S.

article thumbnail

PSMJ Resources Blog: Design Activity Weakness Continues in June

PSMJ Resources

skip to main | skip to sidebar. Unemployment, raising energy costs, and economic uncertainty over the government debt ceiling clearly have consumers nervous. XL Insurance Enters Collaborative Agreement With P. Tuesday, August 9, 2011. Design Activity Weakness Continues in June. percent in March to 9.2 percent in June.