While it may seem basic, many contractors do not have a fundamental cash management strategy in place—or they do not revisit and revise their strategy on a regular basis. Here are a few steps contractors can take to boost cash flow.
Significant Impacts of Revenue Recognition Under New Topic 606
Understanding the new revenue recognition standard is essential to determine how it will impact contractors' financial statements.
Work Smarter With Streamlined Submittals in 2021
By standardizing specifications and prioritizing what and how submittals are reviewed, contractors can significantly short circuit the front-end work and get projects started more quickly.
Overcome Construction Time-Tracking Challenges
For construction companies that do prevailing wage work, tracking time is difficult and critical. By using key strategies, construction companies can identify and overcome their most troublesome time-tracking challenges.
Loan Options for Construction Stakeholders Once PPP Funding Runs Out
PPP funding is only a temporary solution for small businesses. A number of other SBA programs are available to assist owners in the construction industry and their clients.
New Lease Accounting Standard: Deferred But Not Forgotten
Although the new lease standard implementation has been deferred, contractors must review current and future lease agreements to proactively position and prepare the entity’s financials.
Construction Contractors Must Understand Retainage In 2021
Here is a guide to help contractors understand retainage and learn the process to manage it, with bonus facts that can be helpful when dealing with retainage in real-world scenarios.
Strategies for Surviving Recessions: Billing, Collections and Automation
Companies that execute automation, billing and collections in an efficient manner have a better chance of weathering turbulent times, boosting cash flow and improving efficiency.












