Outlook & Trends Archives - Page 5 of 26

Payment Compliance: The Keystone of Stronger Contracts 0

By Patrick Hogan, handle.com Payment rarely moves without friction in construction. Even with favorable terms, cash flow hinges on meeting every procedural requirement tied to each draw, progress payment, or final release. Payment compliance is the operational side of contract strength, the process that turns written rights into actual funds received. A well-written agreement can

U.S. Construction Industry Report: An inside look at how companies are adapting to the current market 0

The U.S. construction industry experienced a surge in 2022 and 2023 due to federal funding and pent-up demand, but the market began softening in 2024 and continues into 2025. Key challenges include rising costs from interest rates, inflation, and tariffs, which disproportionately affect smaller firms. Supply chain disruptions, though eased, still necessitate a “just-in-case” approach

Change Orders Without Chaos: Simplify Your Process 0

By Eric Travers, Kegler Brown Hill + Ritter For subcontractors, change orders are a fact of life on construction projects. They can stem from design revisions, unforeseen conditions, impacts from general contractor (GC) decisions or interference from other trades, or owner-driven scope expansions. While change orders almost by definition mean more work—and potentially more revenue—they

Beyond the Tariff Shock: How Forward-Thinking Finance Teams are Using AI-Enhanced Software to Turn Economic Uncertainty Into Strategic Advantage 0
- Improving Productivity, Outlook & Trends
- April 22, 2025
By AvidXchange With sweeping new tariffs going into effect in April, middle market companies across industries are feeling the shockwaves. As import duties rise on everything from raw materials to finished goods, finance teams are facing a perfect storm: shrinking margins, volatile supply chains, and recession fears that refuse to fade. The coming months may
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How to Protect Your Projects and Profits from Tariffs 0
- Forcasting, Improving Productivity, Outlook & Trends, Taxes
- April 22, 2025
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
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Are We Ever Going to Do Something About Slow Payments?0
- Outlook & Trends, Payment, Risk Management
- April 22, 2025
The ASA Metro Washington Chapter joined forces with the National Association of Minority Contractors, DMV (District/Maryland/Virginia) Chapter and the Metro DC Hispanic Contractors Association to formulate a short paper that explains the issues and what can be done. Subcontractors in the construction industry are often expected to shoulder the financial burden of construction projects, acting
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