• Streamlining Payment Processes in Construction: Enhancing Efficiency and Transparency

    Streamlining Payment Processes in Construction: Enhancing Efficiency and Transparency0

    By Patrick Hogan, handle.com Construction businesses are acutely aware that streamlining business —particularly payments—can lead to faster transactions and, consequently, better bottom line. This is especially crucial in the construction sector where profits are typically slim and payment processes are notoriously slow. Thankfully, the industry is now actively moving toward electronic payment systems, a vital

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  • Trust But Verify: Prequalifying Project Owners and GCs

    Trust But Verify: Prequalifying Project Owners and GCs0

    BY Gregory R. Veal, Bovis, Kyle, Burch & Medlin, LLC  Much attention is given to qualifying potential surety bond principals, where underwriters examine a contractor or subcontractor’s capital, capacity, and character to determine single and aggregate bonding lines of credit. What about the other party to the bonded contract—the obligee? The project owner may be

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  • Forecasting for the Year Ahead: Key Indicators You Can’t Afford to Ignore

    Forecasting for the Year Ahead: Key Indicators You Can’t Afford to Ignore0

    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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