Search results for: “capital and financing”
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How to Find Out How Much Money Your Construction Company Can Borrow
Taking on new projects or jobs places a large cash burden on construction companies, particularly for subcontractors that are forced to “float” the project costs up front. Since the amount of cash needed will vary from day-to-day (based on the cash flow of the individual project, as well as the company’s overall cash flow from…
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Textura: A Friend or Foe To Subcontractors?
Subcontractors appear to have a tenuous relationship with Textura’s Construction Payment Management (CPM) platform. In 2012, for example, American Subcontractor Association members were “grip[ing]” about the product, which general contractors were forcing them to use and pay for. The gripes were so prolific they warranted ASA President Walter Bazan Jr. to write a letter to…
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10 Things to Consider When Writing A Credit Policy
Credit policies are critical documents for nearly every organization, but especially for those B2B businesses who manage trade credit. Nearly every construction industry business is in this position, as construction materials, labor, and services are typically furnished and then billed, leaving these companies with cash and credit management challenges. Further Reading: [zlien id=”33972″] The idea…
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Obama’s SupplierPay Fails The Construction Industry
President Obama, along with 26 enterprises, this week announced the creation of SupplierPay, a “partnership with the private sector that will strengthen America’s small businesses by increasing their working capital.” See: White House Blog, SupplierPay and QuickPay. The SupplierPay program is a step in the right direction to bridge the working capital divide between the…
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Innovative CFOs Will Win In The Recovering Economy
Today’s construction CFOs and CFMs are reigning over one of the most interesting periods for the industry. The landscape is rapidly changing to look much different than our grandfather’s marketplace which was recently explored by Thomas Schliefer’s ENR piece, “Consolidation’s Consequences in Construction Services.” BIM and virtual reality is migrating from science fiction to reality.…