Payment Archives - Page 4 of 4

6 Key Marketing Strategies for Specialty Contractors0

by Duane Craig, Writer Most small specialty contractors have ‘bootstrapped’ themselves up in the industry, often learning their trade on the job before branching out on their own. That means they often tackle their own marketing programs. Consider these six ways to get your name out and business coming in. 1. Do The Website Thing

How to Get Yourself Out of the Low-Price Game0

By Zach Richmond, Kent Companies Bidding to win is no simple ball game. The competitive field is stronger than ever, so how will you stand out among the crowd? Top subcontractors differentiate by demonstrating value up front. You can make an impact on your customers by rethinking how you bid. Start by creating a value

Realism in Job Cost Integrity 0

Why some projects appear to be winning when they lose at the end By Gregg Schoppman, FMI The vicious job loop. An endless cycle of misrepresentations, mistruths, and fake news. There are so many things that can go wrong in job cost reporting and the interesting thing is that most of the issues lie NOT

6 Ways to Bring Your Payment Protection Practices into the Modern Age0
- Best Practices, Cash Management, Outlook & Trends, Payment
- February 21, 2022
By Patrick Hogan, handle.com The construction sector is notorious for payment issues, and there are various factors that contribute to this reputation. For instance, the industry’s complicated contracting hierarchies create a complex payment process that often results in payment disputes. Unpredictable economic conditions also introduce unforeseeable financial challenges, resulting in payment bottlenecks. It is therefore
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How To Reduce Your DSO and Future-Proof Your Finances 0
- Best Practices, Cash Management, FINANCE, Payment
- January 25, 2022
By Patrick Hogan, handle.com The day sales outstanding, or DSO, is one of the most important key performance indices (KPIs) in the construction business. The DSO allows you to measure how fast you convert your invoices into cash — it helps you to not only assess the health of your cash flow but also to
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Customer-Focused Purpose: The True North for Change Orders 0
- Best Practices, Change Orders, Payment
- November 23, 2021
by Mark Marone and Robert Graves Key Insights In a rapidly evolving business environment, a customer-centered purpose provides everyone with a true north to enact change orders effortlessly. Customer focus gives people a stable grounding as they navigate toward their objectives, even in the midst of uncertainty and unpredictability. When employees have a shared purpose
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