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Home » Topic » Business » Finance

Nonresidential Construction Adds Only 2,900 Jobs in July, but Liquidity Remains High

by ABC | Aug 10, 2021
Business | Economy | Finance | Recruitment | Workforce

The nation’s construction industry added 11,000 jobs on net in July, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. Overall, the industry has recovered 886,000 [...]

Contractors Eager for Growth Must Overcome Cash-Flow Challenges

by Chris Doyle | Aug 9, 2021
Accounting | Business | Economy | Finance | Project Management

While contractors have maintained an entrepreneurial spirit, they still face a variety of cash-flow challenges barring them from growth.

Five Reasons Construction Companies Need a Payment Strategy

by Zaid Rahman | Aug 4, 2021
Accounting | Business | Business Development | Finance | Project Management

Construction companies need a payment strategy to accelerate payments now more than ever.

Understanding the Eichleay Formula: Recovering Compensation From Project Delays

by Robert Mercado | Jul 27, 2021
Accounting | Business | Finance | Project Management

If a construction project is delayed by the actions of the project owner or another contractor, the delayed contractor has the right to request compensation for the impact of the delay. The most common calculation related to compensation recovery is the Eichleay formula.

Understand and Reduce Operation Costs in Construction

by Sam Meenasian | Jul 26, 2021
Accounting | Business | Business Development | Finance | Project Management

A smart, strategic approach is required for any construction company to reduce operating costs.

Pandemic Magnifies Financial Risk in Construction: What Executives Can Do to Speed up Customer Payments

by Lori J. Drake | Jul 22, 2021
Accounting | Business | Finance | Project Management

Managing payments and the paperwork that goes with them is key to ensuring that construction businesses have the funds they need to grow and build their businesses.

Pandemic Appropriations for Education Create Construction Opportunities

by Nat Peniston | Jul 20, 2021
Business | Education | Finance | Workforce

COVID-19 had an enormous impact on America’s education system. Recognizing the need for students to safely resume in-person learning, Congress allocated substantial funding to help schools rebuild and recover.

Subcontractor Strategies to Maximize Payment in Bankruptcy

by Nathaniel Story, Brittany Falabella | Jul 20, 2021
Accounting | Business | Finance

When a contractor files for bankruptcy protection, it impacts the entire chain. How do other parties get paid?
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