Do You Need Progress Billing Software? 9 Must-Ask Questions
- Cash Management, FINANCE, Improving Productivity, Payment, TECHNOLOGY
- April 23, 2024
Are You Walking in Circle or Hitting the Mark? By Leah Gradl, Kent Companies Scientists proved that people really do walk in circles when lost. A study in “Current Biology” examined the walking trajectories of people who walked for several hours in the Sahara Desert. The results showed that participants were only able to maintain
READ MOREBy Claire Wilson, Siteline In construction, the field and the back office are an organization’s yin and yang—one cannot exist without the other. While those in the field are doing the work required to bring in revenue, the back office is busy managing that revenue to ensure financial stability for the entire organization. The back
READ MOREBy Tonya Schulte, The Profit Constructors Maintaining a system that allows you to stay on top of how much money is coming in and how much is going out gives you the advantage many subcontractors miss. When you can see the flow of cash (as if you’re looking at the flow of a river), you
READ MOREBy Patrick Hogan, handle.com Running a construction business is no small feat, and the challenges of operating in this industry are well-known. From financial fluctuations to regulatory hurdles, these challenges make subcontractors some of the toughest business people in any industry. For every issue, of course, there’s a long history of subcontractors learning lessons and
READ MOREBy Karalynn Cromeens, The Cromeens Law Firm As my friend Tom Reber says in his book Winning the Contractor Fight, “Money is like oxygen to your business”. Meaning your business cannot survive without money. As a subcontractor in the commercial construction world with a “pay when paid” clause in every contract, you are not always
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