Carol Hagen

JULY 1, 2009

We all know that cash flow is the life blood of our business (whether you’re a contractor or a CPA firm). To see your future rather than the past, to become more goal oriented, take a peek at Up Your Cash Flow (UYCF). For those of you that do forecasting, I’ve noticed that Microsoft Excel is popular.

Cash Flow 100

Cash Flow Forecasting Profitability Consulting 100

Construction Business Owner

OCTOBER 6, 2021

New contractors, like all contractors, face challenges around workload: cash flow, staffing and contracts. New contractors face big challenges - is your new business built for success? Greg Ragsdale. Wed, 10/06/2021 - 10:29.

Contractors 317

Contractors Cash Flow Insurance Office 317

Construction Business Owner

AUGUST 1, 2018

For many businesses in locations with moderate climates, winter is a season that brings fewer jobs and contracts. Some business owners have found that cold-weather services—like snow and ice removal—help maintain consistent cash flow throughout the year. But it doesn’t have to be that way.

Cash Flow 267

Cash Flow Contract Construction 267

Levelset

MARCH 21, 2022

To cover these expenses, restoration contractors need to manage their cash flow to ensure they have enough money in the bank — especially when the insurance company is dragging their feet. Poor cash flow management is the number one reason why construction businesses fail. Plan out your cash flow.

Cash Flow 98

Cash Flow Insurance Lien Management 98

Construction Business Owner

JULY 13, 2017

Contracting is a risky endeavor with many opportunities for something to go wrong that can create a negative impact on cash flow. Yes, surety bonds can be a hassle. But the likely reason some contractors dislike them is that they can’t get them. Think about it.

Cash Flow 209

Cash Flow Contractors Resource Contract 209

Contractor Bookkeeping

MARCH 12, 2021

Although it's impossible to predict the future with 100% accuracy, a cash flow forecast is a tool that will help you prepare for different possible scenarios in the future. What is Cash Flow Forecast? A cash flow forecast comprises three key elements: beginning cash balance, cash inflows (e.g.,

Cash Flow 72

Cash Flow Forecasting Contract Estimating 72

Viewpoint Construction Technology

FEBRUARY 15, 2024

Check out this quarterly report on project starts, contract values, hiring, cash flows, materials pricing, and our customers' first-hand experiences.

Cash Flow 169

Cash Flow Contract Materials Construction 169

Viewpoint Construction Technology

SEPTEMBER 22, 2021

The Quarterly Construction Metrics Index: Q2 2021 analyzes project stats, contract values, hiring metrics and cash flow trends pulled from real-time T.

Cash Flow 169

Cash Flow Viewpoint Contract Construction 169

Contractor Bookkeeping

DECEMBER 9, 2022

Enlightened contractors like you understand the value of developing your own unique Construction Contracting System, a collection of documented repeatable processes and operation manuals. Your office ensures your contracting company has a steady flow of projects.

Cash Flow 108

Cash Flow Profitability Construction Accounting 108

Construction Marketing

MARCH 5, 2025

Professionals learn about budgeting, risk management, contract negotiation, and leadership strategies while actively managing projects. For example, a course on project finance can help a construction manager optimize cash flow for an ongoing development.

Management 189

Management Education Construction Cash Flow 189

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. This allows you to maximize cash flow without having to pay for additional software (well, unless you’re mailing out paper invoices and waiting for checks to come in). Most construction orders begin with a contract.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68

Contractor Bookkeeping

OCTOBER 16, 2020

Proactive versus reactive are the two methods of getting something done. I find everyone works in a combination of both, I included. Proactive is scheduling and doing everything ahead of time. Nothing is ever waiting until the last minute. Reactive is more emergency driven and are things that need to be done now.

Cash Flow 114

Cash Flow Lien Contractors Schedule 114

Construction Business Owner

JUNE 15, 2016

The current accelerating growth of the industry since the economic downturn makes cash more important than ever. The risk associated with growth is real, and your sustainable growth rate is directly related to the health of your company's cash flows.

Cash Flow 120

Cash Flow Contract Management Accounting 120

Contractor Bookkeeping

JULY 12, 2019

Construction company cash flow is the movement of money in and out of your contracting business; these movements are known in accounting circles as inflow and outflow.

Cash Flow 57

Cash Flow Contract Income Overhead 57

Lets Build

APRIL 6, 2022

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. However, even though retainage is commonplace, it’s not always used fairly.

Cash Flow 147

Cash Flow Lien Construction Negotiation 147

Contractor Bookkeeping

AUGUST 11, 2023

Ideally, you want to reduce the chance of bad debts and pressure on your construction company's cash flow. When negotiating contracts with clients, try to set payment terms that help your cash flow, such as deposits or progress payments.

Debt 114

Debt Cash Flow Negotiation Contract 114

Levelset

AUGUST 4, 2022

You’re providing a service to your customers, but your contracts are often lump-sum , and billings are often determined by the percentage of completion. However, like any other business, you need to maintain positive cash flow or you may find yourself unable to pay your workers and other expenses. Cash flow basics.

Cash Flow 52

Cash Flow Budgeting Budget Forecasting 52

Viewpoint Construction Technology

APRIL 17, 2018

When implemented properly, they offer improved cash flow and better accounting insight, which benefits contractors and customers. All of this should make the industry more streamlined in the way money flows and work gets done,” says Wayne Newitts, director of strategic partnerships at Viewpoint. Identify the Contract.

Accounting 223

Accounting Contract Viewpoint Cash Flow 223

Contractor Bookkeeping

AUGUST 29, 2014

Cash flow is the lifeblood of any construction company and especially the ones with annual sales volume under $1,000,000. Some construction Company experts even say that a healthy cash flow is more important than your contracting company''s ability to complete projects! Is Cash Flow The Same As Profit?

Cash Flow 49

Cash Flow Management Contract Accounting 49

Autodesk Construction Cloud

JANUARY 19, 2022

Cash flow can make or break any business, especially in the construction industry. To successfully grow, construction firms need to effectively manage cash flow to procure materials, pay vendors and salaries, fund new projects, and finance other day-to-day business operations. Negotiate better contract terms.

Cash Flow 59

Cash Flow Management Profitability Change Orders 59

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. This allows you to maximize cash flow without having to pay for additional software (well, unless you’re mailing out paper invoices and waiting for checks to come in). Most construction orders begin with a contract.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52

Construction Business Owner

MARCH 1, 2012

Data Security in the Cloud » Collaborating on Cash flow. The topic of cash flow never seems to get old – after all, sustained negative cash flow often results in slashing budgets, personnel, and in the worst cases shutting down of a company. Technology for Collaboration & Cash Flow.

Cash Flow 120

Cash Flow Construction Software Software 120

Construction Business Owner

OCTOBER 26, 2011

While there are numerous reasons to change software applications, there are two that regularly come up in our discussions with prospective clients: cash flow control and project cost control. Back to Cash Flow. What other problems do you consider when deciding if it’s time to switch your software? August 2012. April 2012.

Cash Flow 120

Cash Flow Construction Software Software 120

Autodesk Construction Cloud

SEPTEMBER 1, 2022

A contract’s a contract, right? There are many construction contract types out there. Knowing which contract to use when is critical to ensuring a successful outcome in delivery, customer satisfaction, and profit. A construction contract agreement gets everyone involved in a project on the same page. .

Contract 98

Contract Maine Construction Agreement 98

Contractor Bookkeeping

MAY 6, 2016

The Four Most Important Words Your Construction Clients Say: "While it's open anyway." (the the walls, floors, ceiling). Since we're this far." (in in the project, remodel, new house). "I I have an idea." (for for more work to be done, change something). Now my wife wants." more, more and more).

Cash Flow 55

Cash Flow Profitability Remodeling Contract 55

Construction Business Owner

AUGUST 18, 2011

Other common reports bonding agents will look at include income statements, balance sheets, statements of cash flow, and job specific invoice aging reports. This report illustrates how a contractor bills a client versus the work they have actually completed. These reports are great indicators of a company’s financial viability.

Cash Flow 168

Cash Flow Software Software Accounting 168

Contractor Bookkeeping

AUGUST 21, 2020

In the meantime, service agreement clients are a source of cash flow and are predetermined to call you instead of your competition when repairs are necessary. They may call your contracting company for future work or decide to shop the competition and use the information they find to negotiate for a lower price.

Agreement 102

Agreement Cash Flow Negotiation Construction 102

Contractor Bookkeeping

NOVEMBER 18, 2022

It is all a question of your budget, income, cash flow, profit & loss, and taxes. A few reasons you might need to purchase new equipment now are because: - You have some big contracts coming up and need to increase production. Your construction business is expanding at a fast rate. -

Equipment 111

Equipment Cash Flow Income Construction 111

Contractor Bookkeeping

JULY 8, 2022

When we speak with contractors who failed, most say it was due to a lack of cash flow. It was pretty obvious, yet when questioned, all of them said they were "Blind-Sided" and were not aware they were running out of cash until it was too late.

Cash Flow 109

Cash Flow Contractors Plans Contract 109

Contractor Bookkeeping

JUNE 24, 2022

Cash flow refers to the movement of money into and out of your business. A positive cash flow means bringing in more than you're spending. A negative cash flow means you aren't bringing in enough to cover your expenses. It's based on the amount of money you bring in minus the amount you spend.

Cash Flow 62

Cash Flow Sustainability Construction Contract 62

Contractor Bookkeeping

MAY 5, 2014

In the meantime, service agreement customers are a source of cash flow and are predetermined to call you instead of your competition when repairs are necessary. They may call your contracting company for future work or they may decide to shop the competition and use the information they find to negotiate for a lower price.

Cash Flow 49

Cash Flow Agreement Profitability Contractors 49

Contractor Bookkeeping

DECEMBER 2, 2016

Accepting Credit Cards Can Immediately Increase Sales And Profits*. *We We do not provide merchant services. We suggest you start by contacting you bank and doing your own research. I know from many years while we were contractors it paid off handsomely so I am simply passing on a mere "scrap of information" to help you get more cashflow and profit.

Cash Flow 48

Cash Flow Contract Banking Profitability 48

Fieldwire

AUGUST 14, 2023

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.

Contractors 98

Contractors Cash Flow Lien Negotiation 98

Construction Business Owner

NOVEMBER 3, 2011

Job Cost & Cash Flow. So it makes sense that any software you consider should offer comprehensive job cost and cash flow solutions. Tags: cash flow , Construction Software , document management , job cost , reporting. Just don’t neglect the fundamentals when you go shopping. August 2012.

Cash Flow 120

Cash Flow Construction Software Software 120

Viewpoint Construction Technology

FEBRUARY 7, 2019

Each project carries a significant amount of risk including countless safety issues, stringent regulations or contractual obligations, weather delays, lack of qualified labor, subcontractor performance and inconsistent cash flows, just to name a few. Patti Smith, Business Process Manager, Ideal Contracting. Click to learn more.

Contractors 204

Contractors Cash Flow Construction Management 204

Viewpoint Construction Technology

FEBRUARY 12, 2019

A modern system will also have integrated contract valuation capabilities (which results in auto-generated work-in-progress accounting entries). Forecasting and Cash Flow Reports. revenue, risk and cash flow forecasting) and enable you to assess historical project performance.

Cash Flow 130

Cash Flow Software Software Accounting 130

Building Radar

AUGUST 11, 2024

Retainage is a significant element of contract management. Understanding what retainage is, how it functions, and its implications can greatly influence how contractors and clients navigate their contracts. Typically, retainage is a percentage of the total contract price. What is Retainage?

Contract 52

Contract Cash Flow Construction Regulation 52