Do You Need Progress Billing Software? 9 Must-Ask Questions
- Cash Management, FINANCE, Improving Productivity, Payment, TECHNOLOGY
- April 23, 2024
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Is 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
READ MORECash 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
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Numbers, 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
READ MORERealism in Job Cost Integrity0
- Cash Management, FINANCE, Payment
- April 26, 2022
Why some projects appear to be winning when they lose at the end By Gregg Schoppman, FMI The vicious job loop. An endless cycle of misrepresentations, mistruths, and fake news. There are so many things that can go wrong in job cost reporting and the interesting thing is that most of the issues lie NOT
READ MORELowering DSO: Best Practices to Get Invoices Paid Faster0
- Cash Management, FINANCE, Risk Management
- April 26, 2022
By Patrick Hogan, Handle.com In construction, finance and credit managers know how crucial it is to keep a pulse on their DSO. Daily Sales Outstanding or DSO is a critical metric that provides a snapshot of how long it takes to collect on credit sale invoices. A higher DSO means significant work needs to be
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About FASA
To educate and equip subcontractors and suppliers with the knowledge and resources they need to thrive in the construction industry. Additionally, FASA raises awareness about issues critical to and about construction in the United States.
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Understanding the Experience Modification Rate
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- October 31, 2024
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