Do You Need Progress Billing Software? 9 Must-Ask Questions
- Cash Management, FINANCE, Improving Productivity, Payment, TECHNOLOGY
- April 23, 2024
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Streamlining Processes for Cost Savings and Chargeback Allocation Strategies0
- Best Practices, Cash Management, FINANCE
- May 22, 2023
By Dan Doyon, Maxim Consulting Group Construction projects are complex and multifaceted, with numerous stakeholders and processes involved. As a result, construction projects frequently experience delays, cost overruns, and quality issues. Contractors must streamline their processes and implement cost-cutting measures to address these issues. This article will examine how contractors can optimize processes and implement
READ MOREMaking Estimated Tax Payments: Benefits for Construction Companies0
- Cash Management, Taxes
- February 27, 2023
By Patrick Hogan, handle.com Estimated tax payments are a critical aspect of financial planning for any construction company, regardless of its size. Being conscientious about each component of your construction business is essential to ensuring success. Taxes may seem like a mundanity, but this area offers a lot of opportunities for optimization that allow your
READ MOREIs it time for my construction company to become an S-Corp? How will it benefit me?0
- Best Practices, Cash Management, FINANCE, Taxes
- February 27, 2023
By Timothy Wingate, Jr., EA, G+F Business and Financial Consulting I think I’m an S-Corp, so what does that mean, and how can I find out if this is true? These questions are asked every year. My goal is to clarify how and when to use these designations. So, you’re a construction owner currently running
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Cash Flow Positive: Taking Out the Stress in Chasing Payments0
- Cash Management, FINANCE, Payment
- January 23, 2023
By Patrick Hogan, handle.com Arguably, one of the most stressful things subcontractors have to deal with is cash flow. Growth and sales are always on the minds of business owners–but it’s hard to make moves when liquidity is held up. Taking care of cash flow should be a priority, but it’s easy to make mistakes
READ MORESales and Credit Are Not on Opposing Teams0
- Best Practices, Cash Management, Sales & Marketing
- May 23, 2022
By Patrick Hogan, Handle.com It’s not unusual for friction to arise in the relationship between sales and credit departments. Salespeople are keen on closing as many deals as possible. At the same time, credit departments want to ensure that all customers are thoroughly vetted for their creditworthiness before purchase on credit is made. These two
READ MORENumbers, Costing, KPIs – Oh My!0
- Cash Management, FINANCE
- April 26, 2022
By Jack Rubinger, Freelance Journalist Some construction firms are embracing key performance indicators (KPIs) beyond traditional financial metrics to develop a keener understanding of their projects, trends, and margin-eroding issues. Unfortunately, KPIs don’t always paint an accurate picture, according to Wally Adamchik of Construction Leadership. “Most are not using KPIs or THINK they are using
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