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Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Cash flow is the lifeblood of any construction company and especially the ones with annual sales volume under $1,000,000. Some construction Company experts even say that a healthy cash flow is more important than your contracting company''s ability to complete projects! What Makes Up Your Construction Company Cash Flow?

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The role of a quantity surveyor in construction sector

Construction Cost Estimating

Liabilities of a Quantity Surveyor: A Quantity Surveyor (QS) is a professional who mainly deals with construction costs and contracts associated with the Construction Industry. Once tenders are approved, the Quantity Surveyor arranges cash flow data for the client to outline his resources sufficiently to fulfill contract commitments.

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As Economy Heats Up Your Bookkeeper May Leave For Bigger Better Deal

Contractor Bookkeeping

All of this made a bad cash flow situation worse. About The Author: Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. Fred Used A Few Bad Words - And shouted at Wilma blaming her for the bounced checks. He "forgot" she was not hard of hearing".

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Do Contractors Need Every QuickBooks Feature?

Contractor Bookkeeping

We agree with half of that statement; contractors need to pay their fair share of taxes but not until they absolutely have too for two reasons: #1 Paying bills early hurts cash flow. #2 The Next Two Profit & Loss Reports Show Accrual Vs. Cash And % of Income. 2 Comparing your contracting company with your competitors. #3

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Sales commission or salary: The conudrum

Construction Marketing Ideas

Residential contracting consultant Michael Stone has never wavered in his belief (and advocacy) that residential contractors should employ sales representatives who work on pure commission. The truth is that the writer isn’t dealing with commission issues; he is dealing with character issues.

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Five Tips To Help Contractors Stop Losing Money On Change Orders

Contractor Bookkeeping

Part of the root cause can be traced to a mild case of "Stockholm Syndrome" where contractors feel their cash flow may be held captive by their customers or clients. Hint: if you do not have enough cash flow to pay off your credit cards every month chances are you are acting as your customer''s lending institution or their sugar daddy!

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The Unique Challenges of Procurement Planning for Construction Companies

ProcurementExpress.com

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. You’re dealing with subcontractors, labor shortages, sourcing, and multiple projects on multiple deadlines. As technology changes the game, procurement is becoming a strategic juggling act.