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The Secret Sauce to Protecting Construction Profits  

Autodesk Construction Cloud

Bank failures, rising interest rates, high material prices, and labor crunches are all making it more challenging for construction companies to protect, let alone, improve their margins. By taking proactive steps and adopting the right tools, you can mitigate and safeguard your firm’s profits. And the pressure is rising.

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How to Deal with Extended Lead Times and High Material Costs

Levelset

According to the 2022 Construction Cash Flow & Payment Report , construction businesses reported slow payments contributed to wasted resources (45%), reduced profit (41%), and failure to meet payroll (18%). . Material Financing exists to make this a reality, providing financial flexibility and growth opportunities.

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Phases of Commercial Real Estate Development

Construction Marketing

You must secure financing for the project. Developers must understand the various financing options, such as traditional bank loans, private equity, and government programs. The developer may also be responsible for arranging to finance the project, which can consist of a combination of equity and debt.

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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. Resource Center. Bank lines of credit are lifelines for many contractors, yet convincing a bank to provide or renegotiate a line of credit is not easy. Building your case beforehand can certainly help and makes you look better in the eyes of the bank. General Management. Software & Technology.

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Proven Reasons Why Contractors Lose More Money Doing Their Books

Contractor Bookkeeping

That is a given because you operate in a multi-faceted changing environment doing the impossible with limited time, money, and resources on every project. As a construction or trade contractor, you are highly skilled, intelligent, and adaptable. Moreover, soon as one is finished, another one is waiting for you.

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Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

There are a number of people who pass out advice on how to start a profitable construction company; however, very few have actually done it and fewer still had a clear understanding of where they were making or losing money and fewer yet have ever gotten past the point of owning a J.O.B. The really good news they are on the banks payroll.

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Adding Efficient Construction Management and LEED Certification to Lower Operating Costs

Constructonomics

Despite an increased understanding of global energy shortages and the need to conserve resources, a staggering number of U.S. The United States Green Building Council, a national non-profit organization, is credited by many for paving the way toward more responsible construction. homes and offices remain inefficient.