Levelset

APRIL 5, 2022

Bigger projects require more materials and more labor, which means higher cash requirements. Contractors can take on more work than their cash flow will let them perform, leaving them scrambling for cash to pay their bills or their employees. Why contractors run out of cash. But what about cash flow?

Cash Flow 52

Cash Flow Finance Construction Materials 52

Autodesk Construction Cloud

FEBRUARY 1, 2024

Despite this, both general contractors and subcontractors struggle with the complexities of the payment process and face significant cash flow obstacles. Time and time again, I hear about contractors’ frustrations and struggles with late payments and cash flow and how it negatively impacts their businesses.

Autodesk 87

Autodesk Cash Flow Construction Risk 87

Levelset

APRIL 7, 2022

Contractors often get a bad rap. While homeowners know they need a contractor to repair their house after a storm, complete a renovation, or build their dream home, they’ve heard the stories. They can come in expecting contractors to take advantage of them. 8 ways for contractors to build trust with a homeowner.

Contractors 52

Contractors Lien Education Housing 52

Levelset

MAY 2, 2022

Contractors trying to grow their business and take on larger projects often struggle to manage their cash flow to purchase the materials they need. Many contractors use trade credit to delay paying for materials and keep more cash in their pockets. Get materials now, keep your cash. Provide a plan.

Negotiation 52

Negotiation Materials Cash Flow Finance 52

Levelset

APRIL 28, 2022

In recent years, inflation, supply chain issues, and labor shortages have only increased the likelihood of project delays, performance issues, and contractor default. While general contractors commonly use performance bonds to reduce the risk of default, a bond ultimately protects the property owner, not the GC.

Insurance 52

Insurance Contractors Claims ABC 52

Levelset

AUGUST 5, 2022

Pay close attention to cash flow. Architects live or die by their ability to manage cash flow — it’s the primary reason why businesses in the construction industry fail. Architectural firms need to monitor the cash coming in and going out of the business to ensure they have enough on hand to cover critical expenses.

Architecture 52

Architecture Cash Flow Income Lien 52

Levelset

JUNE 16, 2022

A large amount of that funding is going to go directly to individual states, and with the state adopting new laws in 2021 that reconfigure the bidding process — along with adding the “design-build” option to the public construction process — there are plenty of opportunities for contractors across New Jersey.

New Jersey 52

New Jersey Lien Claims Contract 52

Levelset

APRIL 1, 2022

As a contractor or sub, you can expect to incur many costs during the course of a construction project. Theft from construction sites is a serious issue, and it costs contractors a lot of money each year. Theft from construction sites is a serious issue, and it costs contractors a lot of money each year. Restricted cash flow.

Site 52

Site Cash Flow Insurance Construction 52

Levelset

JUNE 6, 2022

Construction projects rely on contractors completing the work they started and meeting the design intent. In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. These holdbacks need to be accounted for by every party to a project: owner, general contractor, and subcontractor.

Accounting 98

Accounting ABC Banking Liability 98

Levelset

AUGUST 16, 2022

To grow a construction business, contractors often pursue larger projects. Some contractors watch as their gross profit margins decrease when they take on larger jobs. A bonding company will want to understand the scope of a project and how it compares to work the contractor has completed in the past. Sufficient working capital.

Risk 52

Risk Cash Flow Construction Banking 52

Contractor Bookkeeping

MARCH 9, 2013

Some Contractors Hire Part Time Secretaries to do everything including construction bookkeeping and then wonder why their company debts keep growing and crushing them. Sending the Notice to Owner of Intent To Lien to protect my financial interests. Having all the job costs sorted and linked to each job in QuickBooks for Contractors.

Contractors 48

Contractors Cash Flow Banking Change Orders 48

Lets Build

APRIL 6, 2022

Almost every construction professional faces the same problem – cash flow. Large upfront costs and long waiting periods between payments are a normal occurrence; retainage adds to this cash flow problem for contractors and project managers. What every construction contractor should know about retainage.

Cash Flow 147

Cash Flow Lien Construction Negotiation 147

Contractor Bookkeeping

FEBRUARY 28, 2014

If you are like most construction contractors your dream has turned into a bit of a nightmare which you cannot seem to wake up from. Perhaps it is time for you to experience: The Contractor Paradigm Shift! We sincerely care about all contractors and want to do our part to help and support you.

Profitability 48

Profitability Contractors Cash Flow Accounting 48

Contractor Bookkeeping

JUNE 15, 2012

New Contractor's Levels of Stress. You Quit Your Job - And started a construction business only to discover you need a contractor’s license and bond. Contractor's Licenses - Information changes rapidly so check online for your local county or contact us and we can help 206-361-3950 or email sharie@fasteasyaccounting.com.

Contractors 48

Contractors Insurance Claims Lien 48

Construction Cost Estimating

NOVEMBER 8, 2013

Textura —CPM very useful for both General Contractors as well as Subcontractors to enhance their workflow and reduce unnecessary steps in the construction payment process. Thus the system makes a significant time savings for the contractors.

Management 45

Management Cash Flow Construction Lien 45

Contractor Bookkeeping

JUNE 18, 2013

The Contractor Paradigm. You will be a better contractor for it. We sincerely care about all contractors and want to do our part to help and support you. Cash flow issues kill contractors even though they have profit. Contractors are subject matter experts in a few areas then believe they know everything.

Cash Flow 48

Cash Flow Construction Change Orders Contractors 48

Levelset

JUNE 21, 2022

Also, the Air Conditioning Contractors of America estimate 13% job growth by 2030, outpacing the average across all industries. So read on to learn about strategies for cash flow, sales, finance, marketing, operations, staff, and leadership. Manage your cash flow as well as you handle air flow.

Cash Flow 52

Cash Flow Contractors Accounting Profitability 52

Levelset

OCTOBER 19, 2022

However, before starting work on a building financed with a construction-to-permanent loan, both property owners and contractors need to understand the risks. Contractor risks with a construction-to-permanent loan. These risks should be a non-issue when contractors have a comprehensive risk management plan in place.

Contractors 98

Contractors Lien Construction Finance 98

Construction Law Monitor

NOVEMBER 6, 2013

” Payment applications and invoices get sent out, and then it’s unfortunately a battle to always get cash flowing. You can also file a mechanics lien to bridge the gap. Construction Liens: Are There Any Downsides? Some Contractors Get Paid. Related articles. When receiveables get too high.

Lien 51

Lien Cash Flow Accounting Debt 51

Levelset

JUNE 21, 2022

Also, the Air Conditioning Contractors of America estimate 13% job growth by 2030, outpacing the average across all industries. So read on to learn about strategies for cash flow, sales, finance, marketing, operations, staff, and leadership. Manage your cash flow as well as you handle air flow.

Cash Flow 98

Cash Flow Accounting Profitability Residential 98

Contractor Bookkeeping

JANUARY 2, 2015

New Contractor''s Have horrendous Levels of Stress. Did You Quit Your Job - And start your own construction company only to discover you need a contractor’s license and bond. 20% Of The Contractors Earn And Keep 80% Of The Profits. We Are QuickBooks Experts Specializing In Construction. Suddenly you realize it costs real money?

Construction 48

Construction Insurance Accounting Claims 48

Contractor Bookkeeping

JUNE 20, 2014

New Contractor''s Levels of Stress. You Quit Your Job - And started a construction business only to discover you need a contractor’s license and bond. Contractor''s Licenses - Information changes rapidly so check online for your local county or contact us and we can help 206-361-3950 or email sharie@fasteasyaccounting.com.

Insurance 48

Insurance Construction Accounting Claims 48

Levelset

JULY 19, 2022

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. We have a contractor licensing guide for every state you can refer to. Keep the cash flowing as smoothly as your paint. When it comes to cash flow, it’s important to always have your finger on the pulse.

Cash Flow 52

Cash Flow Accounting Profitability Residential 52

Levelset

JULY 22, 2022

Moving from working as a roofing contractor to starting your own business may feel a bit dizzying, but it doesn’t have to be. As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Keep the cash flowing like water down a valley.

Cash Flow 52

Cash Flow Overhead Accounting Profitability 52

Levelset

FEBRUARY 14, 2022

These amounts withheld from project payments can be a challenge, since they often account for a contractor’s entire profit margin on a job. Not only does retainage make it harder for a construction business to manage cash flow — simply recording the transaction can be a feat. QuickBooks doesn’t track deadlines.

Contractors 52

Contractors Accounting Cash Flow Lien 52

Levelset

JULY 18, 2022

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. We have a contractor licensing guide for every state you can refer to — as many states do require specific licensing for plumbing businesses. Keep the cash flowing through your financial pipes.

Cash Flow 52

Cash Flow Accounting Profitability Legal 52

Levelset

JULY 15, 2022

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. We have a contractor licensing guide for every state you can refer to — as many states do require specific licensing for electrical businesses. Keep the cash flowing like current on a hot line.

Electrical 52

Electrical Cash Flow Accounting Profitability 52

Contractor Bookkeeping

OCTOBER 4, 2013

We would like to be your QuickBooks expert in construction accounting and help you with QuickBooks Setup for Construction and as much of the day to day contractors bookkeeping services as you need. Action Step - 03: Click the button below Contractors Bookkeeping Services Guide to download it. Four Types Of Contractors.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Autodesk Construction Cloud

DECEMBER 18, 2021

According to a recent survey from Autodesk and Dodge Data & Analytics, 66% of general contractors experience trouble getting off the job on at least a quarter of their projects. It also helps bridge the communication gap between design team members, contractors, and subcontractors. It’s all about the closeout process.

Change Orders 52

Change Orders Documentation Equipment Risk 52

Levelset

MAY 25, 2022

Despite public works construction often serving as a source of major benefit for contractors, the misconception that these projects don’t run into the same payment challenges as private projects isn’t true. Contractors deal with payment issues on these projects just as much — or more — as they deal with them on private ones.

California 52

California Claims Lien Contractors 52

Autodesk Construction Cloud

MAY 5, 2023

ERP and accounting solution integrations through ACC Connect include: Acumatica: Acumatica’s integration with Autodesk Construction Cloud streamlines the entire construction process for contractors, home builders, land developers, and subcontractors.

Office 52

Office Autodesk Accounting Project Management 52

Autodesk Construction Cloud

JULY 7, 2022

Clients don’t feel like they’re just another number; they value the personal attention that smaller contractors provide, which earns trust. The Associated Builders and Contractors (ABC) estimates the construction sector would need to bring in nearly 650,000 additional workers in 2022 to meet labor demands. Cash Flow Issues.

Software 105

Software Software Management Construction 105

Buisness Facilities Contributed Content

MARCH 21, 2014

The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. The SBA takes a second lien on assets and finances up to 40 percent of the project cost, up to $1 million in some cases. Borrowers inject 10 percent in the form of cash or equity in real estate.

Income 75

Income Finance Zoning Equipment 75

Buisness Facilities Contributed Content

APRIL 15, 2014

An incentive for housing development may also be available to developers and contractors building or rehabilitating housing in an established enterprise zone. Qualifying defense contractors. Property taxes are forgiven for a period of time to allow the project to cash flow. Qualifying financial service providers.

Income 108

Income Finance Zoning Employment 108