FINANCE Archives - Page 5 of 5

5 Vital Tools for Cash Management in Your Construction Business 0

By 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

Small Business Guide: Financial Crisis Management for Subcontractors 0

By 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

Exploring Financing Options for Your Company 0

By Nicole Hall, Solidus When a company is seeking financing, it has several options to consider – the source of the loan, and the type of loan. and each has its own plusses and minuses: Traditional Bank Loans: These are loans obtained from traditional financial institutions like banks. They often have favorable interest rates and

Streamlining Processes For Cost Savings And Chargeback Allocation Strategies 0
- FINANCE, TCC
- June 6, 2023
Optimize processes and implement chargeback allocation strategies to increase profit.
READ MORE
Streamlining Processes for Cost Savings and Chargeback Allocation Strategies 0
- 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 MORE
Liens and the Importance of Payment Protection in Lean Construction 0
- Best Practices, FINANCE, Payment
- April 25, 2023
By Patrick Hogan, handle.com To keep up with the pace of competition and the overall business landscape in construction, time and cost management are two critical factors that construction business owners and construction project managers must consider. Construction projects involve multiple stakeholders and many moving parts, making it challenging to maintain organization and efficiency. Implementing
READ MORE