Tag: Business Growth
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How Much Cash Does a Subcontractor Need to Start a New Job?
Here’s what’s really going on in the scenario above: the real reason why the subcontractor in the example above needs so much cash to keep that project going, the lights on, and his people paid is because of how long it takes for his customer to pay their bills! Or in other words, the faster…
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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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Construction Financial Manager Review | 06-02-2017
This week’s Construction Financial Manager Review features a selection of interesting articles from across the industry this week. Our goal is to make it easy for all construction financial professionals to stay informed about what matters to them.
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Spring Will Bring More Construction Projects – Your Credit Department Ready?
Combine the warmer weather with an overall construction business climate that seems to be heating up, and you’ve got the perfect recipe for construction business owners to take on more business and grow their companies. But as business picks up, we must caution you: are you financially prepared to grow?
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Growth Eats Cash, and Construction Is Always Hungry
Construction businesses are more likely to fail in a growing economy than in a declining economy. How likely, you ask? For subcontractors, the answer is three times more likely. Seems crazy, doesn’t it? Businesses are supposed to fail in an economic downturn, not during an expansion. How is it possible that a growing economy is…