Strategies for Surviving Recessions: Management Reporting and Forecasting
To survive economic trauma, contractors need a high-performing executive team, specialized management reporting and accurate industry forecasting.
How to Plan for, Mitigate and Handle Construction’s Annual Slow Season
Contractors can approach construction's annual slow season with steely determination, as opposed waiting for the weather to break.
The Future of Construction Loans in a Post-Pandemic World
Contractors can expect an increased demand for construction loans in 2021, and that banks will be interested in funding those loans as they look to return to normalcy.
How Employers Can Relieve Construction Workers’ Stress Over Pay and Benefits
From payroll to benefits, frontline heroes like construction workers shouldn’t have to worry about tedious administrative tasks related to pay and benefits.
Improve Project Delivery With More Timely Job Costing
Timely job costing helps contractors understand where the project stands and functions as a source of truth for the entire project team.
Cash Flow Considerations in the Bidding Process
By considering cash flow in the bidding process, a contractor should be better prepared to complete each phase of construction based on the inflow and outflow of cash.
Satisfaction of Lien Generally Requires Payment of Legal Fees
Liens are the go-to tool for contractors when payment is in jeopardy. Once filed and recorded, the lien encumbers the real property where the work has been done. For the property to be released from the lien, the lien needs to be satisfied. Sounds simple, but sometimes things get complicated.
Sharing Company Culture to Strengthen Surety Relationships
While financials and performance are key to surety credit, the strength of the organization’s culture drives expense management, talent management and long-term strategic planning.
