This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The problem is high profit jobs have a way of turning into low or no profit jobs and in some cases they can bankrupt your construction company because you bid the project using whatever model you are accustomed to using and in the end you wind up with cashflow problems. Residential Remodel Contractor Building A Home.
Despite this, both general contractors and subcontractors struggle with the complexities of the payment process and face significant cashflow obstacles. Time and time again, I hear about contractors’ frustrations and struggles with late payments and cashflow and how it negatively impacts their businesses.
Assets of Company - Cash / Receivables – Payables / Trucks / Tools / Equipment / Material. Assets of Firm - Cash / Business Process / Sales Process / Client List / Predictable CashFlow. Bad Numbers - Lead to bad decisions / cash shrinks / business unstable / bankruptcy or failure.
As you get deeper into the process, you’ll get to tackle challenges with cashflow, marketing, hiring, and more. What kinds of jobs are they bidding on? Keep the cashflowing as smoothly as your paint. Here’s a little-known fact about growing a painting business: It can be incredibly cash-hungry.
As you get deeper into the process, you’ll get to tackle challenges with cashflow, marketing, hiring, and more. What kinds of jobs are they bidding on? Keep the cashflowing through your financial pipes. Here’s a little-known fact about growing a plumbing business: It can be incredibly cash-hungry.
As you get deeper into the process, you’ll get to tackle challenges with cashflow, marketing, hiring, and more. What kinds of jobs are they bidding on? Keep the cashflowing like current on a hot line. Here’s a little-known fact about growing an electrical business: It can be incredibly cash-hungry.
As you get deeper into the process, you’ll get to tackle challenges with cashflow, marketing, hiring, and more. What kinds of jobs are they bidding on? Keep the cashflowing like water down a valley. Here’s a little-known fact about growing a roofing business: It can be incredibly cash-hungry.
No construction company goes bankrupt that had useful accurate Financial Statements and Job Costing Reports that they understood and paid attention to because they would have seen bankruptcy coming well enough ahead of time to avoid it. And Job Costing Bankruptcy Is A Matter Of Time!
What to do when you can’t afford a QS and you heedlessly bid less than a project ends up costing you? What can I do besides bankruptcy? A proven way to find good contractors to add to your bid list, is to ask design consultants to refer contractors with whom they have worked with on successful projects. Improper planning.
What to do when you can’t afford a QS and you heedlessly bid less than a project ends up costing you? What can I do besides bankruptcy? A proven way to find good contractors to add to your bid list, is to ask design consultants to refer contractors with whom they have worked with on successful projects. Improper planning.
We organize all of the trending information in your field so you don't have to. Join 116,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content