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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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6 Ways to Bring Your Payment Protection Practices into the Modern Age0
- Best Practices, Cash Management, Outlook & Trends, Payment
- February 21, 2022
By Patrick Hogan, handle.com The construction sector is notorious for payment issues, and there are various factors that contribute to this reputation. For instance, the industry’s complicated contracting hierarchies create a complex payment process that often results in payment disputes. Unpredictable economic conditions also introduce unforeseeable financial challenges, resulting in payment bottlenecks. It is therefore
READ MOREHow To Reduce Your DSO and Future-Proof Your Finances0
- Best Practices, Cash Management, FINANCE, Payment
- January 25, 2022
By Patrick Hogan, handle.com The day sales outstanding, or DSO, is one of the most important key performance indices (KPIs) in the construction business. The DSO allows you to measure how fast you convert your invoices into cash — it helps you to not only assess the health of your cash flow but also to
READ MOREWhy General Contractors Prefer Subcontractors Who Use Financing0
- Best Practices, Cash Management, FINANCE
- December 20, 2021
By Chris Doyle, Billd As a subcontractor, your reputation with general contractors is critical. In the interest of maintaining it – when it comes to project finances, you may choose to keep the details close to the vest. Especially if you’re interested in trying a non-traditional payment option, like material financing or factoring. The reigning
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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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