Cash Management Archives

A Six-WeekCrew Assignment is Not a Three-Night Business Trip 0

By Saria Peterson, Engine Over a longer stay, decisions around location, property type, rate structure and booking terms affect the total cost of the assignment, not just the nightly hotel rate. For construction companies sending crews to a jobsite for weeks at a time, the better comparison is total operating cost. A lower nightly rate

The Law Is Catching Up to Retainage—and Subs Should Take Notice 0

By Claire Wilson, Siteline The math has never been pretty. A general contractor negotiates 5% retainage with the owner, then turns around and holds 10% from its subcontractors. You absorb twice the financial burden for the same project risk—at margins that typically run 3 to 10%. For most subcontractors, the retainage being withheld is most

Mastering WIP: How Contractors Can Protect Cash Flow and Profitability 0
- Ask a CPA, Best Practices, Cash Management
- December 23, 2025
By Wesley Veigle, CPA, Boyer & Ritter LLC In the construction industry, cash flow is not just a metric, it is essential for survival. While projects may appear profitable on paper, inadequate management of Work-in-Progress (WIP) can cause them to fail. For contractors, mastering WIP analysis is crucial for turning uncertainty into predictable outcomes. Without
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Master Your Cash Flow Lifeline: A Consultant’s Guide to Booming in Construction Contracting 0
- Cash Management, Improving Productivity, Payment
- December 22, 2025
By Dan Doyon, Maxim Consulting Group As a management consultant with many years of experience working with clients in the construction industry, I have been to job sites that smelled like fresh sheetrock and desperation. The sound of machinery could not drown out the quiet panic of a payroll deadline that was coming up, like
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Navigating the Payment Maze in Construction: A Specialty Contractor’s Perspective 0
- Cash Management, CONSTRUCTION, Payment
- November 25, 2025
By Josh LaSharr, Well Built Construction Consulting In the world of construction, the most complex challenges often arise not from the technical aspects of building, but from the intricacies of payment practices. For specialty contractors, managing extended payment timelines and inconsistent cash flow can be just as challenging as the work itself. Industry norms include
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