Clear patterns in B2B payments have emerged since the pandemic began and are likely to unfold in the next year. These are some of the trends taking the driver’s seat in payment automation.
Live Field Data for Safety Reduces Risk and Costs
The use of live field data can decrease unnecessary risks by empowering workers to report safety concerns, enabling management to share safety information in real time.
Six Tax Planning Opportunities for Construction Contractors
Many tax provisions were implemented under legislation aimed to help businesses and individuals deal with the COVID-19 pandemic and its ongoing economic disruption. Here are some strategies to consider.
Contractor’s Defense of Premature Miller Act Payment Bond Claims
On federal projects, subcontractors can make a payment bond claim if the contractor fails to pay them. However, a contractor’s surety cannot rely on a conditional payment clause to defend against the claim.
ELFA 2021 Survey of Equipment Finance Activity Reveals New Business Volume Declined 7% in 2020
2020 marked the first time in a decade that businesses decreased their overall spending on capital equipment, according to the SEFA. However, the 7% decline was less than the double-digit drop expected by the COVID-19 pandemic.
Implications and Considerations Contractors Should Prioritize With Pandemic Relief Programs
To rebound from the pandemic, many contractors took steps to receive government funding in hopes of regaining financial balance. It is crucial they take the necessary action to understand what exactly the relief programs have offered them and where they can go from here.
The Best Cash-Flow Fixes Come Before the Project Starts
It’s crucial that contractors set themselves up for successful cash flow. Here are some ways contractors can set themselves up for cash flow success before stepping on the jobsite.
How to Find Cost Savings in Today’s Construction Industry
As contractors continue to face the unique challenges brought on by the pandemic, sourcing and implementing the right technology is a viable solution to many of the cost-saving and operational issues the industry is experiencing.











