Forecasting for the Year Ahead: Key Indicators You Can’t Afford to Ignore
- Forcasting, Leadership
- October 22, 2024
By Sabrina Miskelly, Document Crunch “This is a very risky time, and it’s important that you understand what’s going on in the contracts that are already under construction. Who is responsible for the implications of these tariffs?” asked Josh Levy, construction attorney and CEO/Co-founder of Document Crunch, to hundreds of industry professionals during a recent
READ MOREThe construction industry added 13,000 jobs on net in March, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has risen by a mere 143,000 jobs, an increase of 1.8%. Nonresidential construction employment increased by 22,300 positions on net in
READ MOREBy 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
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