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Stop Chasing Payments: How To Streamline Your Construction Receivables

Contractor Bookkeeping

Do you have enough cash flow to cover next month's expenses? This guide will provide practical steps to streamline your invoicing process, confidently approach past-due invoices, and ensure steady cash flow. By sending invoices promptly, you lay the foundation for timely payments.

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Construction Business Owner Blogs

Construction Business Owner

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.

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Best Practices for Financial Management in Construction Projects

Building Radar

Effective financial management in construction projects is crucial for ensuring profitability and sustainability in a highly competitive industry. Financial planning is not just about tracking expenses; it’s about making informed decisions that drive profitability.

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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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Drive Profitability With a Construction-Specific ERP

For specialty contractors, using a construction software platform helps to lay the technological foundation required to support future growth and improved financial performance. Improved cash flow. Improved collaboration. Transparent reporting. Reduced costs. Smarter decision-making. Enhanced security.

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Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

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! What Makes Up Your Construction Company Cash Flow?

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Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

Other common reports bonding agents will look at include income statements, balance sheets, statements of cash flow, and job specific invoice aging reports. foundation. foundation software. foundation. foundation software. These reports are great indicators of a company’s financial viability. Add new tag.

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