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.
Prequalify Customers to Reduce Credit Risk as Bankruptcies Rise
Contractors can protect themselves from potential credit risks by prequalifying potential customers and closely following their credit policies to collect payment.
High Safety and Quality Standards Aren’t Just for Government Projects
Getting safety and quality right is imperative in construction. Not only does it ensure that employees go home safely to their families each night, but projects are run seamlessly with no unnecessary glitches, expensive rework [...]
Attaining the Iron Triangle for Project Success
A high-quality project, completed on time and on budget, is possible to achieve consistently if the schedule is under control and properly managed. The iron triangle does not need to be used any longer to justify mismanaged projects.
How Connected Data Can Take Construction Work to the Next Level
As contractors continue their data journey, more of the bigger picture will become clear until they have a complete view of the full project lifecycle, from design to delivery, and the ability to drive optimal outcomes as every stage.
Five Success Strategies for Growth in Construction
For some organizations, success means expanding into new markets while others define it as increased profits and more winning bids. Construction companies can create an environment of growth by using these tips.












