Remove Cash Flow Remove Construction Remove Documentation
article thumbnail

Key Drivers To Improve Construction Profitability And Cash Flow

Contractor Bookkeeping

Enlightened contractors like you understand the value of developing your own unique Construction Contracting System, a collection of documented repeatable processes and operation manuals. The key is continuously refining your construction company's practices and procedures.

article thumbnail

The Startup Construction Business Checklist: 3 Important Documents You Need to Have

Construction Marketing

This article outlines three important documents that you’ll need in order to start and run a profitable business. Insurance is perhaps the most important thing to arrange before starting a construction company. A construction business needs need public liability insurance , and employers’ liability insurance if you employ staff.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

Construction companies face more cash flow challenges than just about any other industry. Let’s take a look: Free Download: 6 Forecasting Best Practices All Construction Teams Need to Know Click Here. Embrace Automation. We’ve talked about this on, well, too many occasions to count.

article thumbnail

How To Finance a Business: Short-Term vs. Long-Term

Construction Marketing

The extended repayment period also allows your business to spread the costs over several years, improving cash flow and reducing the financial strain of large purchases. You must provide extensive financial documentation, which can take weeks or even months before funds are released. Another disadvantage is long-term commitment.

Finance 274
article thumbnail

Data Analytics Trends in Construction

Viewpoint Construction Technology

Construction sites these days have no shortage of data: design and BIM data from the planning stages of a project, jobsite data collected by wearables, mobile devices and sensors on equipment/materials, accounting and job progress data from the office, project management data and much more. Diving Deeper into Construction Data.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Data Security in the Cloud » Collaborating on Cash flow. Bad or outdated information is probably one of the biggest reasons cash flow issues occur. INSURANCE |.

Cash Flow 120
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. « The (Construction) Telephone Game. So You Want to Buy New Construction Software » Construction Software – Is it Time to Buy? Back to Cash Flow.

Cash Flow 120