Fri.Apr 26, 2024

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Navigating Construction Cash Flow Challenges, Myths, And Facts

Contractor Bookkeeping

In the world of small businesses, positive cash flow is king. The driving force keeps your business engine running smoothly, covering all your liabilities. But what happens when outflow exceeds inflow? Cash flow problems ensue, threatening the survival and growth of your construction business. These cash flow problems can originate from various sources, including macroeconomic issues like recessions, natural disasters, wars, and microeconomic problems like business decisions and performance.

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Collaboration and informed decision-making in the construction industry

Job Order Contracting

Cost visibilty and transparency promotes a culture of collaboration and informed decision-making and can ensure greater efficiency across the facilities management and AECOO sectors. Improving construction cost estimating requires collaboration, transparency, and a robust process. An essential aspect is sharing objective, local market, granular labor, material, and equipment costs.

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Chicago Bears release $4.2B stadium plans

Construction Dive

While still awaiting funding approvals, the new complex would replace the historic Soldier Field and is part of a larger park and recreation project.

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Book of Giants 2024 - All the Pieces in Place

Contractor Magazine

The nation’s top mechanical contractors face a host of challenges. But by partnering with customers, reaching out to their communities, and empowering employees, 2024 sees all the pieces in place for success.

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A Practical Guide to Profitable, Sustainable Construction Strategies

The future of construction is sustainable, efficient, and cost-conscious. This guide offers a practical roadmap for reducing material waste, optimizing energy use, and integrating sustainable design principles. Discover how innovative construction firms are leveraging circular economy strategies, digital tracking, and energy-smart building solutions to reduce expenses and stay ahead of regulatory shifts.

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CoStar inks deal to buy reality capture firm Matterport for $1.6B

Construction Dive

The real estate giant will leverage the tech firm’s spatial property data of 12 million spaces and 38 billion square feet across 177 countries.

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More Trending

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Apartment exec encourages women to consider a career in building

Construction Dive

Helena P. Finley is currently leading the construction of 20 projects in eight regions for San Antonio-based Embrey.

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AECOM Seeks $16M From Flatiron in Denver Express Lanes Lawsuit

ENR Construction

Attorneys observing the case had noted the possible pitfalls of Flatiron's strategy of fighting on two legal fronts at the same time in the dispute.

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The Value of LEED© Certification for Medical Offices

Wolgast Corporation

Determining If the Cost Will Be Offset by the Benefits The breakdown of advantages vs. disadvantages for LEED © certifying your medical office is easy – it’s energy cost savings, environmental responsibility, plus marketing position (to name a few) vs. cost. While it’s quite hard to pinpoint what the additional cost truly is over traditional construction, a quick internet search indicates that building owners could pay an additional 0-15% for a sustainable building.

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OSHA Cites Two Subcontractors in Fatal Orlando Crane Accident

ENR Construction

Ryan Haynes, 37, was killed last October when a mobile crane on a road project toppled and its boom struck him.

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The Funding Blueprint for Your Construction Business – Your Guide to Growth

Take your construction business to the next level with our comprehensive 2025 funding guide! Whether you're managing seasonal cash flow challenges, dealing with unexpected equipment repairs, or planning to scale your operations, securing the right funding is essential for success. This guide explores a range of fast and flexible financing options tailored for construction businesses.

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Construction tops companies in financial distress ranking

Construction Law

High levels of financial distress in ‘bellwether’ sectors construction and real estate point towards a troubled UK economy, according to the latest Red Flag research from Begbies Traynor, and many in distress are expected to become insolvent over the coming year. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.

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#135:  Unconscionable Arbitration Agreements

NH Construction Law

“An agreement to arbitrate may be unenforceable if pursuing a claim in arbitration is so cost prohibitive that it prevents a party from vindicating its rights.” With that opening sentence, the Texas Supreme Court in Lennar Homes of Texas, Inc. v. Rafiei , 2024 WL 1470909 (April 5, 2024), recently rendered an opinion worth noting by all residential contractors, including in New Hampshire, who insert arbitration clauses with fee-splitting provisions in their contracts as a strategy for

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Competition authority wins right to search homes for evidence

Construction Law

The Competition and Markets Authority (CMA) is claiming a comprehensive victory from a judicial review of decisions made by the Competition Appeal Tribunal (CAT) relating to search warrants. To read more of this and every other news story on this site, please log in with your Construction Law membership account details. If you don't have an account, you can get free access to the news on this site and receive a free newsletter on Fridays by creating a Newsletter account.

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The Top Four Benefits of Visualizing Construction Data

ENR Construction

Time and time again, studies prove that the vast majority of humans are visual learners and need to see information in order to better retain it.

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How Poor Planning and Budgeting Lead to Construction Cost Overruns

Budgeting, forecasting, and financial planning directly impact construction project outcomes. Inaccurate projections lead to cost overruns and delays. This guide outlines best practices for financial discipline, including forecasting methodologies, resource allocation strategies, and risk mitigation frameworks. Industry leaders recognize that precise financial control is essential for profitability and project stability.

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Collaboration on the rise in construction, says survey

Construction Law

A report from construction, property and management consultancy Rider Levett Bucknall (RLB UK) suggests that construction has moved to more negotiated procurement activity as contractors grapple with supply side concerns but are not widening their supply chain in response. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.

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Leveraging e-Bidding Software for Design-Build Contracts

ENR Construction

As e-Bidding software rose in popularity, so did another industry trend: design-build contracts over the traditional unit-price model.

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Housebuilder fined over £500,00 after ignoring risk assessment findings

Construction Law

Kent house builder MHS Homes was fined £528,000 after an employee repairing a fence post struck an underground cable, suffering burns to his face. To read more of this and every other news story on this site, please log in with your Construction Law membership account details. If you don't have an account, you can get free access to the news on this site and receive a free newsletter on Fridays by creating a Newsletter account.

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The Time-Saving, Stress-Defeating Benefits of Digital Inspection Workflows

ENR Construction

We recently spoke with construction and utility leaders who are uniting digital inspection technology with GIS data to create more informed, accurate, and collaborative digital inspection workflows.

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The Constructor's Digital Transformation Playbook: Reducing Risk With Technology

Speaker: Dylan Secrest

Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.

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MSPs to consider Scottish Building Levy

Construction Law

The Scottish Government is to consider raising a tax on developers to help fix building safety issues using powers secured from the UK Government. To read more of this and every other news story on this site, please log in with your Construction Law membership account details. If you don't have an account, you can get free access to the news on this site and receive a free newsletter on Fridays by creating a Newsletter account.

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NABTU backs Biden for reelection

Construction Dive

Sean McGarvey, head of the labor alliance, praised the president’s “laser-like focus” on infrastructure, manufacturing and middle-class jobs.