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Tips for Creating a Healthy Cash Flow

Best Practices Construction Law

Who couldn't use more cash during the holiday season? No matter the season, however, construction companies rely heavily on cash flow to fund their operations. Cash flow depends on so many variables, but there are a few that you can control. Tie bonuses or other incentives to effective cash flow management.

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Strategies to Manage Cash Flow

PSMJ Resources

Strategies to manage WIP: Bill more often than every 30 days, if the client will accept Ask for a retainer prior to starting the work Bill lump-sum projects on the first day of the month; the PM only has to send accounting a percent complete in order for an invoice to be prepared, so lump-sum in voices can go out at least a week ahead of hourly billings (..)

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RELi Could be Standard Practice in Nearly Every Real Estate Transaction

Green Building Law Update

Much more than only anticipating weather extremes, in the draft document expected to be approved in the coming days, RELi 2.0 is made clear by the draft’s own words, “[t]he RELi 2.0 The Green Business Certification Inc.’s s newest rating system, RELi 2.0 Those in the know have described RELi 2.0

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Construction quality management: Everything you need to know

Lets Build

A construction quality management plan should be drafted as a standard document, to be applied to all future projects. If it’s a new situation, it may be necessary to devise workarounds to issues as diverse as legal risks, worker training, or cash flow concerns. Creating a plan.

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PACE in Maryland is Not Keeping Pace

Green Building Law Update

Draft new and improved attorney prepared loan documents that work to ‘sell’ PACE. Eliminate the requirement for a pre-improvement Energy Audit. Standardize the effective date of a PACE lien to be first advance of funds, not when the project is completed. Expressly authorize PACE for new construction (i.e., the top 10% of a building).

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Construction Business Owner Blogs

Construction Business Owner

Beane didn’t achieve success by drafting players based on his emotional judgments or media-based hype. In fact, I often wonder how smaller construction businesses with tighter margins can compete with the gigantic firms who have unlimited resources. February 2009. January 2009. December 2008. November 2008. October 2008. September 2008.

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Relationship between the designer and the contractor

Construction Business Owner

Many of the contractors immediately shot down the concept with the age old line of questioning that pertains to the architects’ inability to draft an affordably reproduced plan and a perceived desire to be the next Frank Lloyd Wright on a modest budget. February 2009. January 2009. December 2008. November 2008. October 2008. September 2008.