Finance

Three Steps to Maximize Construction Cash Flow

by Jeff Carson | Jun 8, 2021
Accounting | Business | Business Development | Finance

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 Nancy Novak | May 26, 2021
Accounting | Business | Finance | Project Management

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.

Construction Financial Management in the COVID Economy

by Cybele Tamulonis | May 20, 2021
Business | Finance

As the nation races to vaccinate more than 320 million citizens, construction firms have been busy catching up on backlog, keeping workers safe and grappling with the complexities of construction finance during a pandemic.

Overcome Construction Time-Tracking Challenges

by Jacquelyn Grinder | May 20, 2021
Accounting | Business | Finance | Productivity

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.

Five Keys to the Success of High-Growth Firms

by Karl Feldman | May 17, 2021
Business | Business Development | Economy | Finance

A recent report provides insight into how high-growth firms with compound annual growth rates of 20% or greater managed to succeed in a period marked by uncertainty, an economic slow-down, and political and social turmoil.

Shorten the Time to Foreclose a Lien

by Patrick Barthet | May 13, 2021
Business | Business Development | Finance | Risk Management

While the timeframes for filing, enforcing and discharging construction liens vary by state, some statutes allow for the outright cancellation of a lien. An electrical subcontractor recently found this out the hard way.

Ready to Mobilize in 2021: 10 Things Every Contractor Should Consider

by Carl Oliveri | May 11, 2021
Business | Finance | Taxes

Everyone has their own descriptions of the type of year 2020 was. Words like “challenging,” “uncertain,” “reinvention,” “THE election” come to mind, but perhaps the catchall description is “unprecedented.” It is not often that the [...]

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CONSTRUCTION EXECUTIVE

Three Steps to Maximize Construction Cash Flow

Significant Impacts of Revenue Recognition Under New Topic 606

Work Smarter With Streamlined Submittals in 2021

Construction Financial Management in the COVID Economy

Overcome Construction Time-Tracking Challenges

Five Keys to the Success of High-Growth Firms

Shorten the Time to Foreclose a Lien

Ready to Mobilize in 2021: 10 Things Every Contractor Should Consider

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