The Challenges and Realities of Prompt Payment in Construction: A Subcontractor’s Perspective
- Best Practices, Cash Management, FINANCE, Forcasting, Payment
- March 25, 2025
By 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
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By 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
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By 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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By 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
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Are 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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By Stephane McShane, Maxim Consulting Group The Key to Executing Strategic Plans In the dynamic and ever-evolving business landscape, organizations face the constant challenge of translating strategic visions into actionable plans. The success of any business hinges on its ability to align its operations, resources, and people with overarching strategic goals. This alignment is either
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