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Category Archives: Construction

Construction

How to Avoid Permit Pain for Your Construction Business

Paperwork takes time, and time equals money. That’s why getting construction permits is such a friction point: While your applications are in a queue, the homeowners’ enthusiasm dims and you lose chances to schedule work. You must juggle cash flow by ordering materials and lining up work without knowing exactly when you’ll be able to… Read more

Construction, Expansion

How to Expand Your Construction Business

Almost all construction business owners want to grow their business in order to improve revenue and profit. Since many construction companies operate on contracts or even as a seasonal business, owners are eager to find ways to improve revenue during slow periods or the off season. To solve this problem, you may need to grow… Read more

Construction

10 Tips for Confirming that Your Contractors Are Paid

A canceled check is the classic way to ensure that the payment you made to a subcontractor or supplier landed safely, fulfilling your obligation. Here are additional ways to confirm payment so you can be confident that you won’t be affected in the future by a lien or ding to your firm or personal credit… Read more

Construction

What Payment Priorities Tell You About Your Construction Cash Flow

When a project is nearing the finish line, cash flow turns into a flood. Subcontractors, inspection fees, final deliveries of (expensive) fixtures and finish materials…it all comes due at once. Should you prioritize payments or just pay invoices as they come in? Accountants who specialize in real estate and construction say that it’s smart to… Read more

Construction

Condo Confusion: 10 Tips for Working with Residents & Communities

Projects for homeowner and condo communities come with a conundrum: Your client is the association board – often through the management firm it has hired – but you probably will deal with residents who have questions and requests of their own. It’s the resident’s home, and you’re in it, but they’re not the one who’s… Read more

Construction

Prefab Precision: Tips for Working on Factory-Built Houses

Prefab houses aren’t built in the traditional way, and that means they hide some unexpected complications when it’s time to repair or renovate. Designed in component, built in factories in modules and assembled and finished on-site, prefab houses are an increasingly popular pick for homeowners who want a cost- and time-efficient process. Here’s what you… Read more

Construction, Tools

7 Construction Podcasts for Your Business

Here are some of the best construction podcasts for construction professionals who want to stay up to date on the industry news, trends, designs and emerging tools and materials that will make their business more successful. Why podcasts? The podcast audio format makes it an ideal media for busy construction professionals whose best time to… Read more

Cash Flow, Construction, Expansion, Finance & Accounting, Sales

Construction Dead Season? 8 Ways to Generate Off-Season Revenue During Slow Months

Construction Dead Zone? 8 Ways to Generate Off-Season Revenue During Slow Months

Winter months often slow or even stall construction work, especially during the holidays when there is so much competing for the buyer’s attention. Here are eight ways construction companies can generate revenues during seasonal slowdowns. Winter weather in much of the U.S. over the past few years didn’t just produce a chill in the weather;… Read more