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Many times those costs are not recovered, however; they could make the difference in keeping the Builder or Owner solvent or ending up with a failed project or worse yet bankruptcy. Both contractors and owners use them when deciding whether to bid or build a project. Choosing the lowest bid is not always the best practice.
Late payments and non-payments are, unfortunately, pivotal contributors to declining contractor productivity eventually, in some cases, leading to bankruptcy for many GCs and subcontractors. Industry research supports these sentiments. Known as Payapps in Australia, New Zealand, the U.K.,
What kinds of jobs are they bidding on? If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. In the end, your business is a collection of many different processes—from simple phone greetings to deciding whether to file a mechanics lien for non-payment.
What kinds of jobs are they bidding on? If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. In the end, your business is a collection of many different processes — from simple phone greetings to deciding whether to file a mechanics lien for non-payment.
What kinds of jobs are they bidding on? If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. In the end, your business is a collection of many different processes—from simple phone greetings to deciding whether to file a mechanics lien for non-payment.
What kinds of jobs are they bidding on? If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. In the end, your business is a collection of many different processes — from simple phone greetings to deciding whether to file a mechanics lien for non-payment.
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