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Utilizing The Power Of Financial Modeling In The Construction Industry

Contractor Bookkeeping

In the ever-evolving world of construction, financial modeling is a game-changer. Crafting precise and insightful financial models is a valuable tool for construction companies. Financial models are invaluable tools designed to help you understand and protect your business's economic health.

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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. 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). Speed Up Receivables. Use Financing to Provide a Cushion.

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How Just-in-Time Land Deals Help Manage Cash Flow

Pro Builder

How Just-in-Time Land Deals Help Manage Cash Flow. But when it comes to land inventory strategies, most builders seem reluctant to rely on a “just-in-time” model to acquire land as needed for immediate construction. Just-in-time business models have proven highly effective for U.S. Fri, 06/12/2020 - 05:00.

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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. 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). Speed Up Receivables. Use Financing to Provide a Cushion.

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Data Analytics Trends in Construction

Viewpoint Construction Technology

And true data analytics is more than just tracking traditional job costs and cash flow. You want data to help you make smarter decisions based on models of what will happen in the future. Your data can help you develop these models. Ideally, you won’t only assess what happened on a project after the fact.

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How To Protect Your Construction Company From Bankruptcy

Contractor Bookkeeping

Poor cash flow Not bringing enough money in is the main reason why businesses fail. There might also be different service models you can offer (such as subscription services) or ways to branch out your income. The earlier you catch a cash flow problem, the better.

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How High-Profit Jobs Can Make Or Break Your Construction Company

Contractor Bookkeeping

In some cases, they can bankrupt your construction company because you bid on the project using whatever model you are accustomed to using, and in the end, you wind up with cash flow problems. The problem is that high-profit jobs can turn into low or no-profit jobs.