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5 Ways to Improve Cash Flow in Your Construction Business

Levelset

In the construction industry, starting a new project means encountering automatic, upfront costs. How individual specialty contractors handle these costs vary, but as the saying goes, “Cash is king.” From buying materials to hiring crews, business begins when cash flows. Protect your lien rights.

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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. Retainage and mechanic’s liens.

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professionals

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A Cash Flow Guide for Architects

Levelset

Running an architectural firm is a bit different than other companies in the construction industry. 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 projections.

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4 Key Habits of Large, Successful Contractors

Levelset

Levelset’s recent 2022 Cash Flow & Payment Report revealed some key differences between large, successful contractors and smaller construction businesses. Of course, not every small business wants to become a construction industry powerhouse — but everyone wants to get paid for their work.

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7 Things Contractors Need to Know About Retainage

Fieldwire

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. The industry’s retainage practices throw another wrinkle into the process. In some cases, states do make specific exceptions for retainage liens.

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Join Levelset and Procore at ABC’s 75th Annual Convention in Las Vegas!

Levelset

The Associated Builders and Contractors (ABC) Annual Convention is back, and this year, its bigger than ever as ABC celebrates 75 years of advancing the construction industry! From February 25-27, the industrys best and brightest will gather in Las Vegas to connect, compete, and celebrate excellence in construction.

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Construction Payment Speed: Winners and Losers

Levelset

While problems with slow payments reverberate throughout the construction industry, the truth is that some companies, roles, and project types are much more likely to get paid on time than others. Read more: How to Manage Cash Flow in Construction. Find more success with payment speed. Protect & speed up every payment.