Viewpoint Construction Technology

FEBRUARY 28, 2019

Basu, who serves as the chief economist for the Associated Builders and Contractors (ABC) and the Construction Financial Management Association (CFMA) notes that while the short-term outlook for the construction industry remains solid, overall indicators point to a potential slowdown over the next couple of years.

Sage 195

Sage Industrial Cash Flow CFMA 195

Levelset

FEBRUARY 18, 2025

The Associated Builders and Contractors (ABC) Annual Convention is back, and this year, its bigger than ever as ABC celebrates 75 years of advancing the construction industry! By ensuring predictable cash flow and reducing administrative burdens, we help businesses focus on what they do best building great projects.

Las Vegas 40

Las Vegas ProCore ABC Cash Flow 40

Levelset

JUNE 6, 2022

ABC Contractor is billing a project owner for $100,000 with 10% retention. When the $90,000 is paid, it is posted with a debit to the bank or cash account and a credit to accounts receivable, clearing the account for that project. Debit Credit Bank or cash $90,000 Retention receivable $90,000. Managing slow payment cycles.

Accounting 98

Accounting ABC Banking Liability 98

Construction Business Owner

SEPTEMBER 1, 2022

ABC classification (also known as the 80/20 rule) can help you determine what inventory to focus on first. This leads to not only your business generating cash flow sooner, but also to happier customers all the more likely to hire you again.

Inventory 226

Inventory Resource Construction Materials 226

Levelset

FEBRUARY 3, 2023

Managing cash flow in the construction industry is difficult in any economy, but during a recession, specialty contractors face even more financial challenges than usual. At Levelset, we understand the construction industry and the importance of cash flow security for specialty contractors.

Finance 52

Finance Cash Flow Materials Security 52

Levelset

APRIL 28, 2022

Let’s take a look at an example of how SDI might provide coverage on a project: ABC Builders is the general contractor building a large office complex and they have an SDI policy covering all their projects. Halfway through the project, LA Plumbing has significant cash flow problems and they can no longer pay their vendors or employees.

Insurance 52

Insurance Contractors Claims ABC 52

Autodesk Construction Cloud

JULY 7, 2022

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. As Anirban Basu, ABC Chief Economist said in a statement, “The workforce shortage is the most acute challenge facing the construction industry despite sluggish spending growth.

Software 105

Software Software Management Construction 105