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5 Tips to Prepare for the Next Economic Recession

Construction Business Owner

Big businesses like banks and car manufacturers got the most publicity. However, given the 200,000 business failures, the almost complete collapse of profitability and the immeasurable human cost—our industry was at ground zero and will be again in the next recession.

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Will Banking Sector Uncertainty Cause a Slowdown in New Construction?

Pro Builder

Will Banking Sector Uncertainty Cause a Slowdown in New Construction? While elevated interest rates have made construction less profitable since the final quarter of 2022, recent banking turmoil is increasing headwinds for residential developers. As lending standards tightened, construction backlog decreased to 8.7

Banking 52
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How High Profit Jobs Send Contractors Into Bankruptcy

Contractor Bookkeeping

You have what appears to be a high profit job and now you are thinking you have it made and I hope you are right! The most common situation is when a residential remodel contractor who has built a reputation and a substantial company generating profits of 15% or more decides to start building custom homes.

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What Is a Residential Building | Types of Residential Buildings | Site Selection for Residential Buildings

CivilJungle

What Is a Residential Building? A residential building is one or more family dwellings, lodging or boarding houses, hostels, dormitories, apartment houses, flats, and private garages in which sleeping accommodation is provided for conventional residential purposes, with or without kitchen or dining facilities. Multi-Family Home.

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Gove leans on big investors behind Grenfell cladding firms

Construction Enquirer

He has urged them to use their “position of influence” to help gain a commitment to fund the post Grenfell residential block building safety programme. Major shareholders Blackrock, Vanguard and Fidelity Management, as well as central bank of Norway, have received letters.

Legal 96
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McAleer & Rushe set for record £425m revenue

Construction Enquirer

Northern Ireland-based McAleer & Rushe is heading for record revenue this year driven by three large residential jobs The firm predicted a positive year ahead after publishing results for 2022, which were adversely impacted by turmoil in the second half of last year.

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Bill.Com Can Save Time And Increase Your Construction Company Profits

Contractor Bookkeeping

Online invoicing and bill paying and is saving contractors in ### time and money by streamlining their entire processes which means they and getting paid faster and putting more money in the bank to operate and grow their construction company. Everyday more of your competitors are jumping on the online banking bandwagon.