The Future of Payments in Construction: Pay Me on the Blockchain!
- Cash Management
- July 6, 2017

By Jason Kuglin, JKDesigns, LLC Specialty contractors rarely lose control of a project because they have no information. More often, the problem is that the important information is spread across email, meeting notes, spreadsheets, drawings and several project-management systems. An unanswered RFI, an unapproved submittal, an uncommitted long-lead item or a potential change can sit
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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
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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
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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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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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