Finance

Three Reasons Late Payments Persist in the Construction Industry

by Patrick Hogan | Sep 18, 2019
Accounting | Business | Finance | Project Management

Understanding the reasons why payment issues persist in construction will help contractors protect their business, prevent these issues from happening or at least minimize their effect on the current operations.

North American Rental Revenue Expected to Exceed $71 Billion in 2023

by American Rental Association | Sep 17, 2019
Business | Economy | Equipment | Finance

Equipment and event rental revenues in North America are expected to surpass $71 billion in 2023, including $64.7 billion in the United States and $6.4 billion in Canada.

What Do Leading Developers Want From Contractors?

by Will Whitesell | Sep 13, 2019
Accounting | Business Development | Finance | Markets

Construction projects create extreme demands on a developer’s time and resources—and there are few things more important than finding a quality contractor that is always thinking one step ahead and actively looking to address any issues that may arise.

Debunking the Myth of “Percent Complete”

by Rob Palmer | Sep 4, 2019
Accounting | Business | Finance | Project Delivery

Don’t get caught in the “percent complete” trap—take the time to capture as much detail as possible, and recognize that there will always be unknowables. The following approaches will greatly reduce surprises and make those that remain easier to handle.

Six KPIs for the Equipment Rental Elite

Make data-informed decisions a habit and embed this into the company culture. This turns risk into calculated risk, panic into preparation and gut decisions into strategic ones.

Avoid Payment Bond Claims With These Six Tips

Payment bond claims are one of the most common, costliest and potentially most disruptive actions that can be brought against a contractor.

Keep Up With the Demands of Construction Business Seasonality

by Ben Gold | Aug 12, 2019
Accounting | Business | Business Development | Finance

Contractors can beat slow times by planning ahead, having back-up tasks and thinking outside the box. Here are a few ideas.

Captive Insurance: A Viable Strategy to Reduce Costs

Captives can save money, but contractors need to be aware of compliance and funding requirements, and IRS regulations. Consider costs, risks and benefits to ensure that a establishing a captive is a viable strategy.

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Three Reasons Late Payments Persist in the Construction Industry

North American Rental Revenue Expected to Exceed $71 Billion in 2023

What Do Leading Developers Want From Contractors?

Debunking the Myth of “Percent Complete”

Six KPIs for the Equipment Rental Elite

Avoid Payment Bond Claims With These Six Tips

Keep Up With the Demands of Construction Business Seasonality

Captive Insurance: A Viable Strategy to Reduce Costs

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