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What is Retainage in Construction?

Lets Build

Almost every construction professional faces the same problem – cash flow. Large upfront costs and long waiting periods between payments are a normal occurrence; retainage adds to this cash flow problem for contractors and project managers. Retainage and mechanic’s liens.

Cash Flow 147
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PACE in Maryland is Not Keeping Pace

Green Building Law Update

PACE state enabling statutes generally authorize local governments to engage private sector lenders to provide upfront low interest financing to commercial property owners for energy efficiency, water conservation and renewable energy projects (e.g., million existing commercial buildings in the U.S. So, what is wrong?

Maryland 136
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7 Things Contractors Need to Know About Retainage

Fieldwire

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. It’s fairly common, especially on commercial and public construction projects, and typically ranges from 5 - 10% of the total contract price.

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7 Ways To Grow Your HVAC Business in 2022

Levelset

So read on to learn about strategies for cash flow, sales, finance, marketing, operations, staff, and leadership. Manage your cash flow as well as you handle air flow. An HVAC company that’s not managing cash flow is probably doing about as well as an AC unit that isn’t cooling.

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How to Start a Painting Business: 9 Keys to Growth & Success

Levelset

It’s an excellent time to consider starting a painting company, as both the residential and commercial sectors are experiencing a wave of new construction, and that means opportunities for painters. As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more.

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How to Start a Plumbing Business: 9 Tips for Growth

Levelset

It’s an excellent time to consider starting a plumbing company, as both the residential and commercial sectors are experiencing a wave of new construction, and that means opportunities for plumbing companies, which are expected to grow revenues by more than 1% annually for the next five years. Review your cash flow regularly.

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How to Start an Electrical Business: 9 Tips for Growth

Levelset

It’s an excellent time to consider starting an electrical company, as both the residential and commercial sectors are experiencing a wave of new construction, and that means opportunities for the electrical industry, which is expected to grow revenues by more than 1.5% Keep the cash flowing like current on a hot line.