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3 cash flow forecasting tips for your next big construction project

Viewpoint Construction Technology

Effectively managing cash flow is critical for contractors’ success. Adding to the complexity are project durations (which can go from days to years), the broad scope of work, the logistical sequencing of tasks and any conditions tacked onto the contract. Create Rolling Enterprise Cash Flow Forecasts.

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Cash Flow Forecasting Solution

Carol Hagen

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.

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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. But, the point is, construction teams can benefit more than your average business services company from the latest cloud-based software. Most construction orders begin with a contract. Speed Up Receivables.

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Construction Business Owner Blogs

Construction Business Owner

SOFTWARE |. Software & Technology. 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. STRATEGY |.

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5 Ways to Prepare for New Revenue Recognition Standards

Viewpoint Construction Technology

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.

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

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Construction Business Owner Blogs

Construction Business Owner

SOFTWARE |. Software & Technology. So You Want to Buy New Construction Software » Construction Software – Is it Time to Buy? I’ll be honest (and this should come as no surprise) – I’m biased when it comes to construction software. You Know You Need New Construction Software When…. Back to Cash Flow.

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