Forecasting for the Year Ahead: Key Indicators You Can’t Afford to Ignore
- Forcasting, Leadership
- October 22, 2024
By Adrienne Smoot-Edwards, Regeneracy; and Mary Klett, ASA Communications The construction industry is built on hard work, careful planning, and the collaboration of numerous trades and professionals. Yet, for subcontractors — the specialists who bring buildings to life with skilled labor, materials, and expertise — the industry’s payment process is a perpetual source of frustration
READ MOREBy Builder’s Mutual staff How diverse is your job-site? It’s true that job-sites are often racially diverse workspaces. Most sites are bilingual, with Spanish being the first language for many workers. However, when it comes to gender, most job- sites aren’t diverse at all. The construction trade has long been among the industries with the
READ MOREBy Travis Mayor, Billd Subcontractors have a host of working capital options to choose from: lines of credit, cash, credit cards, construction-specific financing, supplier terms, and more. As they cover all the capital needs of the business, subs have to be strategic and intentional, deciding which source of capital makes the most sense for each
READ MOREBy Patrick Hogan, handle.com Cash flow in construction is notoriously unpredictable. Projects start, work progresses, and costs pile up long before payment hits your account. Delays in invoicing, slow approvals, and late payments can leave subcontractors and suppliers scrambling to cover payroll, materials, and other expenses. Without steady cash flow, even the most profitable projects
READ MOREBy Dave Williamson, Kent Companies As the year draws to a close, businesses are looking ahead and setting goals for 2025. In an environment as dynamic as construction, accurately forecasting the year requires a balanced approach. To build a robust forecast, you need to evaluate leading indicators, which signal future events, and lagging indicators, which
READ MOREAre 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
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